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  • SEC investigates Alibaba Group

    HONG KONG: May 24, 2016. In its annual report filing to the U.S. Securities & Exchange Commission (SEC), Alibaba Group Holding (AGH) has acknowledged the SEC is investigating whether the group has violated any U.S federal securities laws. The holding company, based in Hong Kong and registered in the Cayman Islands, said the SEC has requested documents and information relating to the consolidation policies and practices of its Cainiao Network logistics subsidiary, as well as policies and practices applicable to related party transactions in general, and Alibaba’s reporting of operating data from its Singles Day that generated sales of US$14.3 Read More
  • Asciano takeover raises competition concerns

    SYDNEY: May 26, 2016. The Australian Competition and Consumer Commission (ACCC) says its review of the proposed A$9 billion acquisition of rail and logistics company Asciano by rival Qube and Brookfield Infrastructure Partners has prompted a “very large number” of industry concerns, according to ACCC chairman Rod Sims. Asciano's business includes container terminal operations in Sydney, Melbourne, Brisbane and Perth that have a capacity of 4.9 million TEUs; port, terminal and supply chain services (right) ; and nationwide rail operations with the capacity to move 180 million tonnes of freight across mineral and bulk haulage, steel and intermodal sectors. As part Read More
  • Airports to launch global pharma organization

    BRUSSELS/MIAMI: May 25, 2016. Brussels and Miami airports have announced they will launch a new organisation in October this year to improve the quality and handling of pharma products by air. Both airports are an IATA certified Center of Excellence for Independent Validators (CEIV). The new organisation called 'Pharma Aero' will focus on airport communities that support the IATA CEIV program with the ultimate goal of enabling lane certification for pharma transportation by air. Together with IATA, Brussels was the first to launch the CEIV program in 2014 followed by Miami last year. Since then the management of both airports Read More
  • FedEx completes €4.4 billion TNT takeover

    MEMPHIS, TN: May 25, 2016. Fedex Corp. has completed its acquisition of TNT Express for a closing price of €4.4 billion. The result combines the world’s largest air express company with the leading European express road network. “The timing of this historic event is important, particularly in the current market environment where global e-commerce is growing at double-digit rates,” said Fred Smith, FedEx founder, chairman and CEO. “Adding TNT’s capabilities to our existing world-class suite of services, including GENCO and the recently re-launched FedEx CrossBorder, will further expand the ability of FedEx to support business connections around the world.” Smith Read More
  • Teamsters protest XPO Logistics

    GREENWICH, CT. May 11, 2016. The International Brotherhood of Teamsters has joined with XPO Logistics workers in the U.S. and Europe to protest against what they claim is the company’s anti-worker behavior. In October last year XPO completed its US$3.0 billion purchase of Con-way to become the second largest less-than-truckload (LTL) provider in North America. XPO chairman and CEO Bradley Jacobs said at the time: "We have an unprecedented opportunity to create value for our customers and investors as a result of the Con-way transaction. We're moving quickly to eliminate redundancies and leverage our scale to better serve our more Read More
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Latest News

Written on 27/05/2016, 12:30
sec-investigates-alibaba-groupHONG KONG: May 24, 2016. In its annual report filing to the U.S. Securities & Exchange Commission (SEC), Alibaba Group Holding (AGH) has acknowledged...
Written on 25/05/2016, 18:04
airports-to-launch-global-pharma-organizationBRUSSELS/MIAMI: May 25, 2016. Brussels and Miami airports have announced they will launch a new organisation in October this year to improve the quality...
Written on 24/05/2016, 20:22
unilever-tops-supply-chain-listPHOENIX: May 20, 2016. For the first time Unilever has topped the annual Gartner Supply Chain Top 25 index followed by McDonald’s, Amazon, Intel and...
Written on 24/05/2016, 19:42
three-month-hiatus-for-ocean-container-verificationLONDON: May 23, 2016. The Maritime Safety Committee (MSC) of the International Maritime Organisation (IMO) has agreed a three-month hiatus to apply its...
Written on 22/05/2016, 21:40
singapore-to-boost-trade-with-eurasian-economic-unionMOSCOW: May 19, 2016. Singapore has signed an MoU with the Eurasian Economic Commission (EEC) to boost trade and increase Customs and IT...
Written on 22/05/2016, 21:09
china-clears-nol-purchase-by-cma-cgm MARSEILLE: May 25, 2016.  The competition bureau of the Chinese Ministry of Commerce (MOFCOM) has cleared CMA CGM's proposed acquisition of Neptune...

freightweek - sustainability in the global logistics industry

According to Unilever CEO Paul Polman, geopolitical and climate-related factors mean an extra €300 million a year in distribution costs. He says this not only impacts shareholders but also five million people in the company's supply chain and more than two billion consumers. Unilever's answer: http://www.unilever.com/sustainable-living-2014/.

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