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UPS’s Q4 hit by high operating costs over the Holiday Season [23/Jan/2015]

UPS has announced that company earnings for 2014 were lower than previous guidance, primarily due to the underperformance of the US Domestic segment over the holiday season. Read Full Article...

DPD plans 2,500 parcel shop locations [22/Jan/2015]

DPD UK has announced plans to open its own 2,500 location parcel shop network, DPD PickUp, in June 2015. Read Full Article...

Hopscotch e-commerce platform wins $11m angel investment [20/Jan/2015]

Velos Partners and Eduardo Saverin have invested $11m in Hopscotch, an Indian e-commerce portal selling merchandise for children. Read Full Article...

China to allow foreign owned e-commerce firms in Shanghai FTZ [15/Jan/2015]

The Chinese Ministry of Industry and Information Technology has announced that China will allow foreign investors to fully own e-commerce companies in Shanghai's free trade zone as part of a pilot scheme. Read Full Article...

UK online sales exceed £100 billion in 2014 [14/Jan/2015]

Figures released from the IMRG Capgemini e-Retail Sales Index show that £104bn was spent online in the UK over 2014, the first time annual spending has exceeded the £100bn barrier. Read Full Article...

US-NAFTA trade saw record October values despite falling oil prices [12/Jan/2015]

The US Department of Transportation reported that US-NAFTA freight totalled to a value of $108.2bn, the highest ever despite falling oil prices. The growth came as a result of improvements from trucking, air freight and rail. Read Full Article...

OSell acquires TDPRO to foster cross-border e-commerce [07/Jan/2015]

OSell announced that it has acquired TDPRO in a bid to improve cross-border e-commerce connectivity between China and Russia. Read Full Article...

UPS expands Worldwide Express Freight service [07/Jan/2015]

UPS announced that it has expanded its UPS Worldwide Express Freight service in 12 new origin and nine new destination countries. Read Full Article...

UPS expects busy January returns [05/Jan/2015]

UPS announced that it expects to ship more than 800,000 packages back to retailers and merchants January 6, 2015, and a total of 4m by the end of the week. Read Full Article...

Kerry Logistics acquires Able Logistics for $32m [05/Jan/2015]

Growthgate Capital announced that it has exited from its investment in Able Logistics Group by selling its 70% equity stake therein to Kerry Freight Services for $32m. Read Full Article...

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