A roof-raising trade gap in March highlighted concerns that the rise of the dollar against other currencies was weakening the economy, chipping away at the ability of American manufacturers to compete abroad while encouraging more imports to fill retailers' shelves.
XPO Logistics has agreed to acquire a majority stake in Norbert Dentressangle SA, a provider of contract logistics services with headquarters in Lyon, France.
The global contract logistics market grew by 5.4 percent in 2014, to reach 177.6bn euro ($199bn), according to a report from Transport Intelligence. If prices and exchange rates were held constant at 2013 levels (real growth), then the market would have expanded by 4.4 percent. Overall, contract logistics growth of 5.4 percent compares favourably to growth of 2.8 percent in 2013.
Echo Global Logistics has entered into an agreement to acquire Command Transportation LLC, a privately held truckload broker and non-asset-based transportation provider in the U.S.
C.H. Robinson, a global provider of multimodal logistics and freight-forwarding services, has opened a fully owned global forwarding office in Ho Chi Minh City, Vietnam.
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has launched a weekly less-than-containerload (LCL) service from New York to Helsinki, Finland, a hub for consolidations into northwestern Russia.