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Penske Logistics Completes Acquisition of Transfreight North America

2015-05-14 12:31:07| Industrial Newsroom - All News for Today

READING, Pa - Penske Logistics announced it has successfully completed its planned acquisition of Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui Co., Ltd. Financial terms were not disclosed. Were pleased to have successfully completed the acquisition, said...

Tags: north america acquisition logistics

 

OMVS Poised For Strong Growth As Logistics Economy Picks Up Steam

2015-05-08 13:04:53| Logistics - Topix.net

Leading supply-chain experts predict the logistics industry could see strong growth in the second half of 2015, and companies involved in trucking and related services, such as On the Move Systems, Inc. , are ready to take advantage of the improving economic climate. OMVS' groundbreaking "Uber for trucking" platform, now under development, is designed to put independent drivers and brokers together for efficient booking and quick turnaround on delivery.

Tags: up strong growth economy

 
 

Third Party Logistics (3PL) Market Analysis, Growth, Trends To 2020: Grand View Research, Inc.

2015-05-07 11:36:19| Logistics - Topix.net

The global 3PL market is expected to reach USD 925.31 billion by 2020, according to a new study by Grand View Research, Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalization has led to several companies outsourcing their logistics function.

Tags: view research market party

 

XPO Logistics (XPO) Stock Rises in Pre-Market Trading after CEO Appears on Jim Cramer's 'Mad Money'

2015-05-06 16:39:05| Logistics - Topix.net

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Tags: money stock appears trading

 

Contract logistics expected to expand at a healthy rate

2015-05-03 19:26:31| Logistics - Topix.net

The global contract logistics market expanded by 5.4 per cent last year to 177.6 billion euros , according to TI's new report, which incorporates market sizing data techniques, A healthy compound annual growth rate of 6.8 per cent is forecast for the global market from 2014-18, which will see Asia's importance to solutions providers loom large. Over this period, the Asia-Pacific market could grow by a CAGR of 10.7 per cent to 85.5 billion euros and account for 37 per cent of the global market, up from 32 per cent last year.

Tags: rate expected expand contract

 

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