Category: Business
UPS to Acquire Estafeta, Enhancing Presence in Mexican Market
ATLANTA, GA – UPS (NYSE: UPS) has announced a definitive agreement to acquire Estafeta, a prominent Mexican express delivery company. This strategic move is part of UPS’s ambitious ‘Better and Bolder’ strategy, aimed at solidifying its position as a premier global provider of small package and logistics services. “With global supply chains evolving and Mexico…
XPO Enhances US-Mexico Freight Services with Launch of XPO Mexico+
Greenwich, CT – XPO (NYSE: XPO), a prominent provider of LTL (Less-Than-Truckload) freight transportation across North America, has unveiled a significant expansion of its cross-border operations with the introduction of XPO Mexico+. This initiative comes as a response to escalating demand from customers amid a shift towards regional production in North America, reducing reliance on…
Impact of Recent Recession on Logistics in the USA and Canada
The logistics industry in the USA and Canada is facing unprecedented challenges due to the recent recession. Dive into the impacts, trends, and future outlook for transportation and supply chain businesses in this comprehensive blog.
Maersk Withdraws Bid for DB Schenker, Citing Integration Challenges
A.P. Moller-Maersk A/S has decided to withdraw its bid for DB Schenker, the logistics unit of Deutsche Bahn AG, which was reportedly valued at over $16.1 billion. The Danish logistics giant made this decision after conducting a thorough due diligence process over the past few weeks, as confirmed in a statement on July 1. Earlier…
Barrett Distribution Centers Expands Operations with New Fulfillment Center in Dallas, Texas
Barrett Distribution Centers, a leading provider of third-party logistics solutions, has announced the launch of its second fulfillment distribution center in the Dallas, Texas area. This expansion signifies Barrett’s commitment to bolstering direct-to-consumer (DTC) eCommerce and omnichannel fulfillment services, as well as catering to retail/B2B distribution needs, warehousing requirements, and comprehensive transportation solutions. Scott Hothem,…