Global port operator PSA has snapped-up US freight forwarder BDP International, its first foray into logistics, it announced yesterday.
The Singapore-based terminal operator is to acquire all BDP’s shares from Greenbriar Equity Group for an undisclosed sum.
The private equity …

Aerotranscargo (ATC), a Moldova-registered freighter operator, appears to have succeeded in its quest for a carrier with a European aircraft operating certificate.
Its first attempt failed when Aerotranscargo Netherlands (ATC NL) was declared bankrupt in May, before it had even …

The first phase of Singapore’s new mega-port has been completed, with two of the port’s 21 berths set to be ready for use by year-end.
A commemoration event was held yesterday, with transport minister S Iswaran saying that the milestone, …

BUSINESS INSIDER writes:
– The White House blames shipping companies for inflation and supply-chain issues.
– “Price-gouging by the ocean shipping cartel” has fueled inconvenience and inflation for Americans, the Biden administration said in an email to reporters.
– The …

PRESS RELEASE 
PSA Inks Agreement to Acquire BDP International From Greenbriar Equity Group

November 30, 2021 19:00 ET | Source: BDP International

Philadelphia and Singapore, Nov. 30, 2021 (GLOBE NEWSWIRE) — JOINT NEWS RELEASE
PSA International Pte Ltd (“PSA”), a …

SUPPLY CHAIN DIVE reports…
Dive Brief:
– The Federal Trade Commission will order nine major retailers, wholesalers and CPGs to hand over data on supply chain challenges to “shed light on the causes behind ongoing supply chain disruptions,” the agency …

SEEKING ALPHA reports:
– UPS (NYSE:UPS) is slightly lower after attracting a downgrade from Deutsche Bank to a Hold rating from Buy. The firm warns that stocks known for dividend payments and yield typically underperform in a rising rate environment. …