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Transportation & Distribution: Page 448

C.H. Robinson Buys Freight Forwarder Phoenix International

C.H. Robinson Worldwide has agreed to purchase freight-forwarding rival Phoenix International Inc. for $635m in cash and stock options. C.H. Robinson expects the deal, which is slated to close in the fourth quarter of 2012, will modestly add to earnings per share in the first year, while boosting C.H. Robinson's international freight forwarding activities.

Change Is Coming to India's Congested and Undeveloped Seaports and Terminals

India is changing, growing and shifting its weight in anticipation of greater maritime independence as a result of much-needed port and terminal development.

Air China Cargo Inaugurates Freighter Flights to Schiphol

Air China Cargo has begun scheduled freighter flights from China to Amsterdam Airport Schiphol.

DB Schenker Logistics Opens Office in Sochi, Russia

DB Schenker Logistics has opened an office in Sochi, Russia, host city of the 2014 Winter Olympic and Paralympic Games.

Uncertainty Affects Entire Airfreight Industry, Says Head of American Airlines Cargo

Uncertainty is the only certainty in the current airfreight market, according to Kenji Hashimoto, the new man in charge of American Airlines Cargo.

Companies Want Innovation When Outsourcing Distribution Operations, Study Finds

More than 40 percent of companies that outsource intend to conduct a bid or rebid for part of their network to a logistics service provider within the next 12 months, according to the Outsourced Distribution Report by Tompkins Supply Chain Consortium.

Class 8 Commercial Vehicle Demand Remained Soft in August

Weakness at the front end of the demand cycle for heavy-duty commercial vehicles persisted into August, although underlying fundamentals are healthy. This updated status of the North America commercial vehicle market was included in the State of the Industry report, released by ACT Research Co., which covers Class 5 through 8 vehicles for the North American market.

Is Amazon About to Enter the Grocery Delivery Business in California?

Building a profitable service is difficult because grocery stores have painfully low margins. Remember dot-com flameouts HomeGrocer and Webvan? Peapod, a pioneer in the space, still delivers in such cities as Chicago, New York and Philadelphia, but recently it's resorted to opening actual pickup locations to make the model work. FreshDirect has come as close as anyone to building a brand around home grocery delivery, but it remains small, operating primarily in the New York area. Yet, Amazon seems poised to move into the business in at least two California cities.

Report Raps Under-Investing in U.S. Airport, Marine Port and Inland Waterway Infrastructure

Aging infrastructure for marine ports, inland waterways and airports threatens more than a million U.S. jobs according to a new Failure to Act report from the American Society of Civil Engineers (ASCE).

Glum About the Economy, FedEx Cuts Its Outlook

FedEx Corp. says the global economy is worsening and it's cutting its forecast for the fiscal year ending in May.

As Battles Over Pipelines Continue, Rail Moves Great Volumes of Canadian Oil

Canada's oil patch is quietly sending large new volumes of oil on rail cars, even as it fights to overcome mounting opposition to plans for new pipelines to the U.S. Gulf Coast and Canada's West Coast.

Global Civil Aviation Group Urges Stricter Security on Airfreight

International Civil Aviation Organization authorities have encouraged the more than 700 officials that convened in Montreal for its High-level Conference on Aviation Security to adopt new airfreight security measures. A risk-based approach to cargo safety is key, ICAO personnel reiterated during the conference.

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