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UPS Capital's purchase of Parcel Pro is intended to help global shippers of watches, jewelry and collectibles increase insurance coverage and lower transportation costs.
Third party logistics market is now dominated by around 50 companies in post-industrial countries, according to a new report from supply chain management market research and consulting firm Armstrong & Associates, Inc.
FedEx Ground reached a tentative agreement with plaintiffs to settle the case for $228 million.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.