US express delivery company United Parcel Service Inc (UPS) is said to be in talks to buy Chicago-based Coyote Logistics LLC for at least US$1.8 billion, according to a Reuters report quoting a source familiar with negotiations. According to the report, Coyote is backed by Warburg Pincus, the New York-based private equity firm, which may instead opt for an initial public offering as a way to sell its stake in the transportation logistics services provider. Coyote coordinates the movement of … [Read more...] about UPS in talks to buy US-based Coyote Logistics
UPS
UPS expands global heavy freight service
UPS Worldwide Express Freight is expanding its global express freight service, adding eight origin and five destination countries for time-sensitive, high-value heavyweight shipments. This brings the total number of origin and destination countries and territories served by UPS Worldwide Express Freight to 58 and 56, respectively, UPS said. In January, UPS added 12 origin and nine destination countries to its express freight service and since its 2013 launch, the service has enjoyed double-digit … [Read more...] about UPS expands global heavy freight service
UPS adds LCL to its China-Euro rail option
UPS has announced an addition to its China-to-Europe rail shipments as the new modal option continues to gather steam as a both a reliable and viable addition, or alternative, to ocean shipping and air freight. UPS’ Less-than-Container Load (LCL) service offering is available from Zhengzhou to Hamburg and becomes part of the UPS Preferred multimodal freight services portfolio. UPS established a Full Container Load (FCL) solution for China-to-Europe in June 2014. Full Container Load … [Read more...] about UPS adds LCL to its China-Euro rail option
UPS expands global heavy freight service
UPS Worldwide Express Freight is expanding its global express freight service, adding eight origin and five destination countries for time-sensitive, high-value heavyweight shipments. This brings the total number of origin and destination countries and territories served by UPS Worldwide Express Freight to 58 and 56, respectively, UPS said. In January, UPS added 12 origin and nine destination countries to its express freight service and since its 2013 launch, the service has enjoyed double-digit … [Read more...] about UPS expands global heavy freight service
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
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