X2 Group of Professional Logistics Networks, a global network of professional logistics specialists, has announced the debut of the newest addition to its comprehensive platform, X2 Pay. X2 Pay is a unique company-to-company financial transaction system intended specifically to facilitate instantaneous payments between members of the X2 Logistics Networks. This service has just gone live and is exclusively intended for use between the members of X2. X2 Pay will ease the payment process … [Read more...] about X2 Networks launches X2 Pay
Logistics
Cargo growth has “come off the boil”: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA
Cargo growth has "come off the boil": IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has "come off the boil": IATA
FedEx seeks EU approval for US$4.9B TNT bid
FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
Kuehne+Nagel to acquire ReTrans
The Kuehne + Nagel Group has entered into an agreement to acquire ReTrans Inc., a US-based provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s overland strategy and will significantly strengthen the company’s position as an end-to-end logistics provider in North America. Founded in 2002 and headquarted in Memphis, TN, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full … [Read more...] about Kuehne+Nagel to acquire ReTrans
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost
