Capital deployment at US 3PL CH Robinson has been high on the radar at Premium for some time, even more so since a worst ever 2% payout rise disclosed at the end of 2019.
Whether its capital allocation strategy represents …

Transport Intelligence reports:
The Otto Group has sold a controlling stake in the parcel carrier Hermes UK, along with smaller parts of its last-mile operations in Germany.
The London-based private equity firm Advent International has effectively bought a “75% shareholding …

REUTERS reports:
Liberty Global (LBTYA.O) is taking over Sunrise Communications (SRCG.S) in a deal valuing the Swiss telecoms group at 6.8 billion Swiss francs ($7.40 billion), it said on Wednesday.
Sunrise’s board recommended the all-cash offer of 110 Swiss francs …

Latin America and the Caribbean have been particularly badly hit by the pandemic, with trade expected to contract by almost a quarter this year.
While ocean carriers have seen a strong recovery in the main Asia-Europe and transpacific tradelanes, the …

The stand-off between port employers and labour at the port of Montreal went from bad to worse yesterday morning as longshoremen launched an indefinite strike that has shut down most of Canada’s second-largest port.
The union ‘upped the ante’ after …

The continued lack of demand for passenger services has prompted a renewed focus on cargo at Cathay Pacific – but forwarders are still tackling high rates amid a slow market recovery.
According to Cathay chief customer and commercial officer Ronald …

Tyre maker Michelin is ramping up its use of Inland Port Greer in South Carolina, bringing in products from its facility ten miles away for onward distribution..
So far it has moved raw materials through the port, but now, said …