Acquiring of one of the largest mail and parcel carriers in the United Kingdom will strengthen Deutsche Post DHL Group’s cross-border network and expand its customer base in Europe’s largest e-commerce market, according to a statement from the company.
CSPL SPV, COSCO SHIPPING Ports Limited’s wholly-owned subsidiary, will have the controlling stake in the joint venture company that will operate the new Khalifa Port Container Terminal 2.
The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said in a statement.
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Third-party logistics providers like Expeditors International of Washington have traditionally benefitted from disruptions in direct shipper/carrier relationships, according to a recent client note from William Blair Equity Research.
The world’s two largest container shipping carriers, Maersk Line and MSC, are beefing up their presence on the transpacific trade in the wake of Hanjin Shipping filing for receivership in Korea last week.
Carriers may seek to "turn the table" on shippers who drove hard bargains, but an upturn in rates may be short-lived.