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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.
FedEx Ground reached a tentative agreement with plaintiffs to settle the case for $228 million.
Despite passing fast-track Trade Promotion Authority, the U.S. House of Representatives potentially stopped TPA in its tracks today, voting against a companion bill to help workers displaced by trade deals.
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.