logistics

FedEx Announces Major Spin-Off of $30 Billion Freight Unit to Streamline Operations

4 days ago

In a significant move aimed at enhancing operational efficiency, FedEx Corporation has revealed its plans to spin off its $30 billion freight unit. This strategic decision is part of a broader initiative to streamline its services and focus on core business areas as the company seeks to adapt to a rapidly changing logistics environment.

Record-Breaking Volumes at Major U.S. Container Ports Anticipated for 2024

6 days ago

The United States' busiest container ports are gearing up to conclude 2024 with unprecedented cargo volumes, reflecting a dynamic recovery and growth period in global trade. Industry forecasts highlight that ports such as the Port of Los Angeles and the Port of Long Beach are expected to surpass previous record metrics, driven by robust consumer demand and diversified shipping channels.

Blackstone Secures Major Acquisition: Czech Warehouse Owner CT Real Estate Joins Its Ranks

10 days ago

In a significant move within the European logistics market, Blackstone has announced its acquisition of CT Real Estate, a prominent warehouse owner in the Czech Republic. This strategic investment was finalized after negotiations with TPG, the private equity firm that previously owned CT Real Estate. The deal, valued at approximately €1 billion, marks Blackstone’s continued commitment to enhancing its real estate portfolio in key markets.

Kal Freight Strengthens Board Amid Malfeasance Allegations

11 days ago

In a decisive move following serious allegations of malfeasance, Kal Freight has appointed four new directors to its board of directors. This strategic decision comes as the company faces scrutiny over its business practices, prompting a desperate need for governance reform and enhanced oversight. The newly appointed board members are expected to bring invaluable experience, helping to restore investor trust and reinforce the company's commitment to ethical operations.

USPS Chief Calls for Modernization of Aging Fleet Amid Trump’s Electric Vehicle Initiatives

17 days ago

The head of the United States Postal Service (USPS) has raised urgent concerns regarding the need for significant upgrades to the agency's aging delivery truck fleet. In a recent address, USPS Postmaster General Louis DeJoy emphasized that the outdated vehicles are not only prevalent but also inefficient, accentuating the importance of swift action to modernize the fleet.

DP World Sets Sights on Expanding Operations in India to Address Supply Chain Bottlenecks

18 days ago

DP World, the prominent port and logistics operator based in the United Arab Emirates, has revealed plans to significantly enhance its operations in India. This move aims to tackle the persistent supply chain delays experienced by businesses in the region. With the growing demand for efficient port services, DP World is committed to investing in infrastructure and modernizing operations to support India's burgeoning trade.

GXO Logistics Rebuffs Acquisition Offers as CEO Wilson Resigns

20 days ago

In a surprising turn of events, GXO Logistics, a leading contract logistics provider, has reportedly declined multiple acquisition offers as its CEO, Malcolm Wilson, steps down from his position. This decision comes amid significant strategic shifts within the company, raising questions about its future direction in the competitive logistics landscape.

Urgent Deadline Looms as US Dockworkers Face Potential Strike Disruption

20 days ago

The tension is escalating along the coasts of the United States as dockworkers prepare for a potential strike that could disrupt the nation’s supply chain. Unions representing thousands of dockworkers have set a deadline amid ongoing negotiations with port operators. This dilemma has raised concerns among importers and exporters regarding the repercussions on freight movement just as holiday shipping peaks.

UPS and FedEx Adjust Holiday Shipping Fees for 2024: What You Need to Know

21 days ago

In a strategic move aimed at addressing the surging demand for holiday shipping and the ongoing challenges within the logistics industry, both UPS and FedEx have decided to extend the time frame in which they will impose additional fees for holiday delivery services in 2024. This decision reflects a shared understanding of the pressures faced by consumers and businesses alike during the bustling festive season.

Surge in Warehouse Values: London's Property Market Reacts to Rising Rent Growth

27 days ago

The commercial real estate landscape in the UK is experiencing a significant upswing, as evidenced by a marked increase in warehouse values driven by escalating rent rates. This trend indicates a robust demand for logistics properties, which has gained momentum in recent months, particularly as online retail continues to flourish.