The CEO of America's fastest growing transportation company told a supply-chain management conference in Chicago Thursday that XPO Logistics is actively seeking "smaller, strategic" deals and larger deals with other logistics companies in Europe and North America.According to the Wall Street Journal, CEO Bradley Jacobs told the conference that these deals are still in "the early, early stages," and didn't indicate which companies XPO is eyeing or when a deal might be ...
SUPPLYCHAINDIVE
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Data from a number of U.S. ports showed a surge in vehicle exports and imports in May, as U.S. President Donald Trump ratcheted up pressure on China and Europe to drop tariffs on U.S. vehicles and make other changes to their trade practices. May is the most recent month for which figures are available.The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on F In the United States, the ports of Baltimore, Jacksonville, Florida; and Brunsw...
REUTERS
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Hermes has ‘reached out’ to the UK’s main supermarkets offering delivery support to help the flow of food as drivers, pickers and packers come under growing pressure. The carrier, which is usually better known for delivering retailers such as Next, John Lewis and ASOS, is already working with ASDA and Morrisons to collect trailers full of essentials including bread and toilet roll, from national distribution hubs and deliver them across the country to local supermarkets. It has...
INTERNETRETAILING
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A new generation of transport providers may be making some forms of temperature control system irrelevant, says the upstart drone company, Flytrex. Along with the drone services firm, Causey Aviation Unmanned, it has received approval from the Federal Aviation Administration (FAA) to begin food deliveries by drone in Holly Springs, North Carolina. Flytrex will soon begin its on-demand, unmanned food delivery via commercial drones for local residents, says Yariv Bash, CEO and Co-Founder of Flytre...
LOGISTICS MANAGEMENT
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“As unimaginable as it might seem, it could happen, sure,” the US-based head of a large private equity house told me, while I touched upon the latest market rumours on XPO Logistics. The “3PL could attract interest as soon as Q1 from a trade buyer”, according to another NY-based M&A banker. Wishful thinking, eh? “It’s officially a takeover target at these levels,” she noted in the wee hours....
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England Logistics, a non-asset based third-party logistics company, has been recognized as one of Utah’s most prominent companies by MountainWest Capital Network, an awards program which recognizes the Top Revenue Growth Companies in Utah, as well as select Emerging Elite companies.“It is clear Utah is one of the hottest places in the country to start or run a business,” said Paul Skeen, chairman of the MWCN Utah 100 committee. “As a strong indicator, we had a record numb...
ENGLANDLOGISTICS
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