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Penske Logistics completes acquisition of Transfreight North America

Penske Logistics announced that it has successfully completed its planned acquisition of Transfreight North America.... read more.

USPS reports reduced losses in Q2 as revenues rise

USPS has reported rising revenues and an improvement to its operating loss in Q2, although still its loss still registered at $1.47bn.... read more.

ArcBest reports first Q1 profit in seven years

ArcBest has announced its financial results for the first quarter of 2015, reporting its first profit for seven years along with rising revenue.... read more.

Whistl suspends UK final mile delivery services

Whistl, a provider of postal logistics in the UK formerly known as TNT Post, has suspended its final mile delivery services in the UK and is consulting with 2,000 employees on redundancy.... read more.

APL Logistics opens new container freight station in Jakarta

APL Logistics has announced the opening of a new container freight station at the Tungya Collins Terminal in Cakung, Jakarta, Indonesia.... read more.

Loscam opens new depot in Thailand

Loscam has announced the opening of its new depot in Thailand. The facility is the company’s largest in South East Asia and is planned to serve as a hub for the wider region.... read more.

CEVA makes major investment in Australia and New Zealand

CEVA Logistics has announced the construction of a new 166,000 sq m ‘super site’ at Truganina, west of Melbourne, Australia, which will be the centrepiece of the company’s growth plans in Australia and New Zealand.... read more.

Alibaba announces soaring growth through 2015

Alibaba Group has announced its financial results for the quarter and full year ended March 31, 2015, reporting surging revenue and rising EBITDA across the board; although the company’s margin slipped back.... read more.

GWC to become UPS’ service contractor in Qatar

The Gulf Warehousing Company has announced that it will become UPS’ authorized service contractor for express parcel services in Qatar.... read more.

UPS appoints Richard Peretz CFO as Kuehn announces retirement

UPS has announced Richard Peretz, 53, has been named Chief Financial Officer, replacing Kurt Kuehn, 60, who has elected to retire after 38 years with the company.... read more.

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