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DHL | July 27, 2020

DHL is expanding its U.S. footprint of Foreign Trade Zones (FTZ) with a location at the El Paso, Texas airport, the logistics provider announced Thursday. DHL has seven other FTZs in major U.S. cities."El Paso was chosen from a combination of factors; consideration of DHL’s existing FTZ footprint, customer demand and the location’s proximity to the Mexican State of Chihuahua and the factories located therein," David Goldberg, CEO of DHL Global Forwarding U.S., told Su...

Business Insider | March 05, 2020

Big tech companies - specifically Google-parent Alphabet, Apple, and Amazon - have their eyes set on the transportation space, which is undergoing a rapid transformation. Across the globe, legacy transportation firms are contending with forces that are reducing the appeal of traditional gas-powered vehicles, including the rise of mobility companies like Uber and Lime, regulatory pushes for cleaner vehicles, and consumer demands for a more streamlined, digital in-car experience. These forces have...

Blue Yonder, Panasonic | April 26, 2021

Panasonic Corporation announced today the acquisition of Blue Yonder, the leading end-to-end digital fulfillment platform provider. Panasonic will buy the remaining 80% of Blue Yonder's shares (for USD5.6 billion), contributing to the 20% it purchased in July 2020. The added investment, including debt repayment, amounts to USD7.1 billion, valuing Blue Yonder at USD8.5 billion. Panasonic and the existing shareholders New Mountain Capital and funds managed by Blackstone signed an agreement tod...

Logistics, Supply Chain

GlobeNewswire | August 08, 2023

Nexterus, a world-class supply chain management and third-party logistics (3PL) services provider, announces the company has been recognized as a Great Supply Chain Partner by SupplyChainBrain. The magazine’s annual list of highly valued solution and services companies, selected by their peers, has been maintained for twenty-one consecutive years. “We’re honored that our customers have nominated us for this recognition, a testament to our hard-working team that...