£9bn per year: the “real cost of Brexit”

ParcelHero has weighed up the cost of EU membership versus lost EU exports since Brexit. Forget extra money for the NHS. It says Brexit has cost the UK 9bn a year. Remember the Brexit bus promise: ‘We send the EU £350 million a week. Let’s fund our NHS instead. Vote leave’? The truth is that… Continue reading £9bn per year: the “real cost of Brexit”

Yellow CEO Hawkins predicts ‘great year’ as it transforms into ‘super regional’ carrier

Darren Hawkins, CEO of Yellow Corp., which controls about 10% of the $50 billion LTL market, said recently he is “very pleased” with his company’s transformation from a national carrier with three separate regional trucking companies and a logistics arm into a unified “super regional” carrier with integrated services across the country. “It’s important for… Continue reading Yellow CEO Hawkins predicts ‘great year’ as it transforms into ‘super regional’ carrier

E2open makes second acquisition in less than a year, bringing Logistyx Technologies into the fold

Another major logistics acquisition was announced last week, with Austin, Texas-based E2open, a network-based provider of cloud-based, mission-critical, end-to-end supply chain management platform services, saying it has bought Rolling Meadows, Ill.-based Logistyx Technologies, a provider of global parcel and e-commerce shipping and fulfillment technology services, for $185 million. This marks E2open’s second acquisition in the… Continue reading E2open makes second acquisition in less than a year, bringing Logistyx Technologies into the fold

Sustainable packaging manufacturer celebrates anniversary year

In its anniversary year, ORBIS Europe, an international manufacturer of reusable transport packaging, continued its growth path in the European market. “With a strong demand for durable, innovative and sustainable solutions in the market, our transport packaging solutions really hit the mark,” says Jürgen Krahé Senior Commercial Director EMEA. “Green logistics is more important than… Continue reading Sustainable packaging manufacturer celebrates anniversary year

GXO Logistics posts strong Q4 and calendar year 2021 earnings

Fourth quarter and calendar year 2021 earnings for Greenwich, Conn.-based global contract logistics services provider GXO were very strong, the company reported earlier today. This was GXO’s second standalone earnings release since it was spun off from XPO Logistics in August 2021. GXO reported fourth quarter revenue came in at $2.3 billion, marking a 28%… Continue reading GXO Logistics posts strong Q4 and calendar year 2021 earnings

Extra Space Storage Employees Share Lunar New Year Traditions

People around the world are celebrating a new year. Beginning February 1st and lasting 15 days, Lunar New Year is an important holiday that marks the beginning of a calendar year that bases its months on moon cycles. Dating back as early as the 14th century B.C., Lunar New Year is a time to pray… Continue reading Extra Space Storage Employees Share Lunar New Year Traditions

IANA reports that Q4 and calendar year 2021 volumes are mixed

Fourth quarter and calendar year 2021 intermodal volumes were decidedly mixed, according to the most recent edition of the “Intermodal Quarterly,” which was issued by the Intermodal Association of North America (IANA) this week. For the fourth quarter, IANA reported that total intermodal volume, at 4,397,013 units, fell 9.8% annually. Trailers were down 10.9%, to… Continue reading IANA reports that Q4 and calendar year 2021 volumes are mixed

UPS posts strong Q4 and calendar year 2021 earnings results

Fourth quarter and calendar year 2021 earnings results issued today by Atlanta-based global transportation and logistics services bellwether were strong amid a challenging environment. Quarterly revenue—at $27.8 billion—saw an 11.5% annual gain, and adjusted earnings per share—at $3.52—marked a 35% annual gain, topping Wall Street expectations of $3.08 per share. Quarterly operating profit was up… Continue reading UPS posts strong Q4 and calendar year 2021 earnings results

December and calendar year 2021 intermodal volumes are mixed, reports IANA

December and calendar year 2021 intermodal volumes were mixed, according to data provided to LM by the Intermodal Association of North America (IANA). Total December volume—at 1,437,036 units—was off 10.4% annually, steeper than November’s 9.0% annual decline. Trailers—at 108,972—were off 12.3%, compared to November’s 5.4% decline and more in line with October’s 14.3% decrease. Domestic… Continue reading December and calendar year 2021 intermodal volumes are mixed, reports IANA

7 Best Places for New Year Eve Celebrations in Bangalore

Bengaluru New Year Party: New Year is there at the door. You have shifted to Bangalore a few days back. So, you don’t have time for planning what should you do on New Year Eve in Bangalore? No worries. You are not alone. Many people in the city have not made the plan yet for… Continue reading 7 Best Places for New Year Eve Celebrations in Bangalore