UPS delivers humanitarian aid to Mariana Islands

On behalf of the American Red Cross, the UPS foundation delivered about 45 tonnes of relief supplies to help more than 50,000 residents of the Commonwealth of the Northern Mariana Islands, located northeast of Guam in the Northern Pacific. The islands were battered by both Typhoon Soudelor on Aug. 2 and Tropical Storm Goni on […]
  • Staff Reports
  • August 25, 2015

UPS, Coyote seal the deal

In what was a lightning-fast acquisition process, UPS completed its purchase of Coyote, the Chicago-based 3PL, for US$1.8 billion. Coyote was backed by New York City-based private equity firm, Warburg Pincus. Coyote is a non-asset-based truckload freight brokerage company, which markets itself as a tech-savvy firm with a young staff. The 17th largest 3PL in […]
  • Staff Reports
  • August 18, 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

Infor buys GT Nexus, seeks supply chain clarity

Business software company Infor has agreed to acquire GT Nexus, a cloud-based supply chain platform, for US$675 million. The deal is expected to close within 45 days, pending regulatory approval. Both companies are based in the United States – Infor in New York and GT Nexus in California. The marriage between these two companies, they […]
  • Staff Reports
  • August 12, 2015

Cecil killing prompts trophy cargo policy review

Call it the “Cecil Effect.” In the aftermath of the illegal killing of Cecil the lion by an American dentist in Zimbabwe, airlines that carry “trophy kills” as cargo have come under pressure by organizations such as the Humane Society International. Now, Delta Air Lines, which had been a holdout, has agreed not to carry […]
  • Staff Reports
  • August 5, 2015

UPS chases Coyote Logistics

As reported last week, UPS does indeed plan to acquire Coyote Logistics from private equity firm Warburg Pincus for US$1.8 billion. Chicago-based Coyote is a non-asset based truckload freight brokerage company, which markets itself as a tech-savvy firm with a young staff. The 17th largest 3PL in the United States, Coyote reported annual revenues of […]
  • Staff Reports
  • July 31, 2015

UPS in talks to buy Coyote Logistics

Multiple media outlets are reporting anonymous sources who have said negotiations are underway for UPS to acquire Coyote Logistics, LLC, for US$1.8 billion or more. Coyote, a Chicago based 3PL,  said it represents more than 35,000 national carriers. Coyote has been backed by private equity firm New York City-based Warburg Pincus, since 2007, shortly after […]
  • Staff Reports
  • July 23, 2015

Many returning winners at ACE Awards

SHANGHAI – There were many familiar faces among the winners on March 10 during the Air Cargo Excellence (ACE) Awards ceremony, held in conjunction with IATA’s World Cargo Symposium here. But there were also some notable newcomers that climbed the ranks in this celebration of the top airlines and airports, as chosen by Air Cargo […]
  • Randy Woods
  • March 10, 2015

Hamilton airport awaits new cargo facility

Construction of the new CA$12 million (US$10.6 million) Air Cargo Logistics Facility at John C. Munro Hamilton International Airport in Ontario can’t come soon enough for Cargojet as it heads toward the start of a new contract which will double its business. Ground was broken earlier this month for the new building, which will be […]
  • Staff Reports
  • November 24, 2014
Page 9 of 9« First...56789