In an attempt to attract more foreign funds to boost the nation's businesses, India's government this week relaxed the rules regulating the amount of foreign direct investment allowed across a wide spectrum of Indian business sectors, including the aviation industry.

Kerry Logistics Network Ltd., a logistics services provider operating in Asia, has completed its acquisition of a majority stake in Apex Maritime, a non-vessel operating common carrier based in South San Francisco, Calif.

B&H Worldwide, a specialty logistics services provider, has opened a new climate-controlled store facility at Sydney airport in Australia.

CaroTrans, a global non-vessel operating common carrier, is launching a new, weekly less-than-containerload (LCL) service between Busan, Korea and Atlanta.

Driven in large part by Asia-Pacific nations, the global radio frequency identification (RFID) market is expected to record a CAGR of 11 percent until 2020.