Japan Post books $4.7b writedown on Toll and flags 1700 job cuts at the business

According to a Reuters report today , Japan Post Holdings has confirmed it will book its first annual loss in at least a decade, after unveiling a $US3.6 billion ($4.7 billion) writedown on its Australian logistics arm Toll Holdings. Japan Post estimated its loss at 40 billion yen ($470 million) for the year ended in […]
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3PL Update – CH Robinson acquires APC Logistics

CH Robinson has announced it has entered into a definitive agreement to acquire APC Logistics, a leading provider of freight forwarding and customers brokerage services in Australia and New Zealand. Whilst the agreement is still subject to certain customary closing conditions, including regulatory approval the two companies have had a long-standing exclusive agent relationship for business […]
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3PL Update – DHL Global Forwarding NOT for Sale

Seems that the reports that DHL Global Forwarding was up for sale were not quite true. In a statement to Air Cargo News, Deutsche Post DHL (DPDHL) chief executive Frank Appel has rejected any suggestions that his group’s forwarding arm is up for sale. “To clear up false rumours and to be unequivocal, DP DHL […]
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3PL Update – Is CEVA Logistics an acquisition target for Kuehne and Nagel ?

Following on from last weeks speculation that DHL Global Forwarding may be sold, or spun off by German parent group Deutsche Post, with Japan Post as a possible buyer. The Loadstar blog is reporting that there are further unconfirmed rumors  in the 3PL marketplace that CEVA Logistics could be an acquisition target for Kuehne and Nagel. Stay […]
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