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A Paris court has granted XPO Logistics a temporary injunction against Elliott Management Corp., limiting the hedge fund from selling its shares of ND, according to reports from the Wall Street Journal.
EU antitrust regulators said Kuehne + Nagel, Express Interfracht, and Schenker operated as a cartel, fixing prices on their joint "Balkantrain" and "Soptrain" services in Europe from July 2004 to June 2012.
Yusen Logistics and Xerox extended their cooperative agreement by expanding their partnership in the Benelux region.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat's historical dealings with OMM,” according to a report from Reuters.
Oregon Rep. Earl Blumenauer said his recently introduced STRONGER Act would establish an enforcement trust fund that would be "paid for by foreign exporting cheaters."
Singapore-based GLP's $4.55 billion acquisition of IIT's logistics assets will make it second largest logistics property owner and operator in the United States within a year of market entry, the company said.