Maersk is world’s fastest-growing logistics brand Globally integrated logistics company Maersk was found to be the fastest-growing logistics brand in the world, achieving 53% year-on-year brand value growth. It comes after a year of record revenue, with forecasts increasing in a similar manner. In recent times, Maersk has expanded its […]
Logistics
Aug 4 (Reuters) – XPO Inc posted a higher-than-expected quarterly profit on Friday, as cost-cutting measures undertaken over the past year helped the logistics firm offset softness in freight volumes. Companies in the logistics sector over the last few quarters have grappled with a decline in shipments, hit by lower […]
LAS VEGAS – Citing a rise in nearshoring, Mexico-based trucking giant Traxion has acquired Las Vegas-based BBA Logistics for $10 million. BBA Logistics is a door-to-door and cross-border cargo brokerage company. “With this acquisition, Traxion moves forward with its expansion plans into the United States, particularly in domestic and cross-border […]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B5V5DWKB7NMA5MTOHHIXVM27ZQ.jpg "PwC and KPMG fined over Eddie Stobart Logistics audit")
LONDON, June 29 (Reuters) – Britain’s accounting watchdog said on Thursday it had fined PwC and KPMG, two of the world’s top four auditors, for “serious” failings in their auditing of Eddie Stobart Logistics (ESL) company in 2017 and 2018. PwC was fined 1.9 million pounds ($2.4 million), reduced from […]
/cloudfront-us-east-1.images.arcpublishing.com/dmn/N2IYPMRT75A4XKRGWTRYOS7WQU.jpg "California logistics firm headed by former Amazon exec plans Dallas office")
An innovative California logistics firm that lured a top Amazon exec is taking a big block of Dallas office space. San Francisco-based Flexport, founded in 2013, is creating a digital platform to service shipping and storage of consumer goods. In the last two years, the company added hundreds of workers […]
Over the past couple decades, Chattanooga has become a thriving hub for numerous trucking and logistics companies — each of which has created jobs, contributed to toward economic prosperity, and helped reinforce the city’s position as a strategic crossroads for the industry. Here, we highlight some of the most prominent […]
Readers hoping to buy FM Global Logistics Holdings Berhad (KLSE:FM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company’s record date, which is the date on which the company determines which […]
E-commerce has revolutionized the way people shop and has brought unprecedented convenience to our lives. The growth of e-commerce has created a massive demand for efficient and reliable logistics solutions. In recent years, the e-commerce logistics market has seen tremendous growth and is expected to continue growing in the coming […]
ProShares, a leading provider of exchange-traded funds (ETFs), has announced the launch of a new ETF designed to provide investors with exposure to the supply chain logistics industry. The ProShares Supply Chain Logistics ETF (Ticker: XLC) is a unique offering that seeks to capture the growth potential of companies involved […]
ICRA, a credit rating agency, has maintained a ‘stable’ outlook for the Indian road logistics sector for the fiscal year 2021-22. This indicates that the industry is expected to perform steadily, without significant disruptions or fluctuations, in the coming year. The assessment takes into account factors such as the recovery […]
