FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
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Congress has long embraced free trade agreements like the Trans-Pacific Partnership, but the protectionist tone of the 2016 election campaign, specifically that of Republican front-runner Donald Trump and Democrat Sen. Bernie Sanders, could change that.
Although airfreight volumes fell compared to last February, the results were skewed from the impact of the U.S. port strikes in early 2015, which caused a surge in airfreight volumes, along with Chinese New Year falling in February this year.
Freight forwarders and air cargo companies must move quickly to improve business models and implement sophisticated analytics, according to Michael Bentley of Revenue Analytics.