Air Freight & Courier Services

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Wheels Group Inc obtains interim order for plan of arrangement with Radiant Logistics, Inc.

Monday, 23 Feb 2015 05:32pm EST

Wheels Group Inc:Says that it obtained an interim order from the Ontario Superior Court of Justice (Commercial List) with respect to Wheels' previously-announced plan of arrangement with Radiant Logistics, Inc. and its wholly-owned subsidiary, Radiant Global Logistics ULC.Under the Arrangement, the Purchaser has agreed, subject to the terms and conditions of the arrangement agreement dated Jan. 20, 2015 among Wheels, the Purchaser and Radiant, to acquire all of the outstanding common shares of Wheels by way of the Arrangement.The Arrangement provides that shareholders of Wheels will be entitled to receive consideration of C$0.77 per common share.

Neptune Orient Lines Ltd to sell APL Logistics to Kintetsu World Express Inc

Tuesday, 17 Feb 2015 04:13am EST

Neptune Orient Lines Ltd:To sell its logistics business, APL Logistics Ltd, to Kintetsu World Express Inc for an aggregate purchase price of $1.2 bln in cash.Completion of transaction is expected to take place in middle of 2015.

Kintetsu World Express to fully acquire APL Logistics from Neptune Orient Lines

Tuesday, 17 Feb 2015 04:00am EST

Kintetsu World Express inc:To acquire 100 pct stake (465,530,000 shares) in APL Logistics Ltd from Neptune Orient Lines Ltd. at 144,200 million yen in June.

Echo Global Logistics Inc acquires Xpress Solutions Inc

Thursday, 5 Feb 2015 04:05pm EST

Echo Global Logistics Inc:Acquires all of the assets of Xpress Solutions, Inc., a transportation brokerage headquartered in Frankfort, IL.Effective immediately, Xpress will begin doing business as Echo Global Logistics, Inc.

Forward Air Corporation announces acquisition of CLP Towne Inc

Wednesday, 4 Feb 2015 04:02pm EST

Forward Air Corp:Says that Forward Air, Inc. has executed a definitive agreement to acquire CLP Towne Inc.Purchase price will be $125 million, subject to an adjustment for working capital.Closing of the transaction is subject to various customary conditions, including compliance with covenants and agreements in the definitive agreement in all material respects.

FedEx Corp completes Genco acquisition

Friday, 30 Jan 2015 02:00pm EST

FedEx Corp:Announces that it has completed the acquisition of GENCO Distribution System, Inc.With the completion of this acquisition, GENCO will now operate as a subsidiary of FedEx Corp. and will continue to be led by Todd R. Peters, Chief Executive Officer.

Radiant Logistics to acquire canada-based Wheels Group Inc

Tuesday, 20 Jan 2015 09:33am EST

Radiant Logistics Inc:To acquire Wheels Group, Inc.Says through its newly formed wholly-owned subsidiary Radiant Global Logistics ULC, has agreed to acquire all of the outstanding common shares of Wheels.Combined company will continue to trade on the NYSE MKT under the symbol "RLGT.".To purchase Wheels for C$0.77 per common share, payable either in cash or by delivery of Radiant shares valued at US$4.25 per share, for a total equity value of about C$69 mln.Transaction is expected to close early in the second calendar quarter of 2015.

SANRITSU to acquire companies from subsidiary

Monday, 19 Jan 2015 02:00am EST

SANRITSU CORP:To acquire three China-based companies from a wholly owned Hong Kong-based subsidiary in middle March, for 18,104,000 yuan in total.

Singapore Post Ltd's Famous Holdings Pte Ltd acquired stake in Famous Pacific Shipping (NZ) Limited

Wednesday, 14 Jan 2015 06:37am EST

Singapore Post Ltd:Acquired 90 pct stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd.Says Famous Holdings Pte Ltd has paid an initial consideration of NZ$3.6 mln for the stake (subject to working capital adjustments) and certain debts owing by FPSNZ to the vendors.A potential earn-out consideration of effectively up to NZ$4.4 mln based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to NZ$8.0 mln.

DX (Group) PLC announces acquisition of certain assets from City Link

Tuesday, 6 Jan 2015 02:00am EST

DX (Group) PLC:Says it has reached agreement with the Administrators of City Link Ltd (City Link) to acquire certain City Link assets, comprising cages, scanners and certain intellectual property, for a total cash consideration of 1.125 mln Pounds.

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