DHL agrees to $53 million settlement in class action

A scheme to inflate and maintain freight forwarding surcharges that began shortly after the 9/11 terrorist attacks, and continued until January 2011, has led DHL Global Forwarding (DHLGF, the forwarding arm of Deutsche Post-DHL) to agree to pay a US$53 million settlement in a class action lawsuit that was filed in 2008. If approved, the […]
  • Staff Reports
  • January 5, 2016

Uncharted waters: Three cargo leaders to watch in 2016

After starting with a promising surge in airfreight demand during the U.S. West Coast port crisis, 2015 has proven to be a tough year as the industry endured economic fallout from a slowdown in the Asian economy, falling airfreight demand on prominent trade routes and a marked decline in fuel surcharge revenues. Through it all, […]
  • Randy Woods
  • December 3, 2015

Three to watch: Rising 3PL stars converge

The past 12 months have seen some of the highest levels of merger and acquisition activity (M&A) within the 3PL industry in at least the last 15 years. As of early November, Armstrong & Associates (A&A) tracked 11 mergers worth more than $100 million this year – the highest total since the consulting firm began […]
  • Randy Woods
  • December 1, 2015

Radiant Logistics continues acquisition spree

In a year full of logistics mergers and acquisitions, U.S.-based Radiant Logistics has acquired privately held Minneapolis firm, Copper Logistics. Radiant paid approximately 50 percent of the purchase price at closing, with the balance to be paid in subsequent periods, based on the future performance of the acquired operation. Copper will move to the Radiant […]
  • Staff Reports
  • November 9, 2015

GEODIS completes acquisition of OHL

The logistics consolidation trend continued this week as GEODIS, the French supply chain company, received regulatory approval and completed its acquisition of Nashville-based OHL (Ozburn-Hessey Logistics). OHL, founded in 1951, is a leading 3PL in the United States, with annual revenue in excess of US$1.3 billion. The company said it anticipates that the united structure […]
  • Staff Reports
  • November 5, 2015

French 3PL Geodis to buy OHL Logistics

Another major acquisition is in the works in the logistics sector. This time, French firm Geodis and U.S.-based OHL (Ozburn-Hessey Logistics) are tying up to increase scale. Geodis is a subsidiary of SNCF Logistics, which is the freight services arm of SNCF Group, the French rail operator. OHL, which got its start in Tennessee in […]
  • Staff Reports
  • August 17, 2015

How Europe’s top three carriers plan to win back market share

On a recent late-winter evening, a group of reporters and editors stood at a weather station directly beneath the approach to Frankfurt Airport’s southern runway. Over a 45-minute period, freighters from LAN Cargo and Korean Air Lines touched down at FRA, together with passenger aircraft from Oman Air, El Al, Turkish Airlines, Thai Airways, Air […]
  • Martin Roebuck
  • May 8, 2015
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