UPS says it has acquired British firm Freightex to gain entry into the European truck brokerage market - coming eight months after FedEx closed its acquisition of Netherlands-based TNT Express.

Despite a strong finish of 2016 at airports, and reports of high volumes through December, airfreight rates fell $0.21, year-over-year, to $3.14 per kilogram in the month, according to Drewry's latest East West Airfreight Price Index report.

Home goods and apparel manufacturers: Consumers are voicing their concerns, according to the results of a cotton survey conducted by Harris Poll. With a new president focused on protecting products born in the U.S., consumers may be looking more closely at product origins, and could demand greater transparency.