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Air Freight & Courier Services

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Air T says a partially owned unit of co entered into business loan agreement with Old National Bank

Wednesday, 10 May 2017 08:16am EDT

May 10 (Reuters) - Air T Inc :Air t inc - on may 5, 2017, contrail aviation support, llc partially owned unit of co entered into business loan agreement with old national bank.Air t inc - loan agreement provides for revolving credit borrowings by contrail in an amount up to $15 million - sec filing.Air t inc - loan agreement replaces revolving credit facility that contrail had entered into with BMO harris bank n.a. On july 18, 2016.Air t inc - borrowings under loan agreement will bear interest at an annual rate equal to one-month libor plus 3.00%.

On time logistics holdings vendors, offeror and guarantors entered into spa on 8 may 2017

Monday, 8 May 2017 07:02am EDT

May 8 (Reuters) - On Time Logistics Holdings Ltd <6123.HK>:Vendors, offeror and guarantors entered into SPA on 8 may 2017.Total consideration for sale shares is hk$1.04 billion, equivalent to HK$4.0698 per sale share.Vendors have agreed to sell and offeror has agreed to purchase, in aggregate, 255.8 million sale shares.vendors being LAM, Haenisch, LAM Investco and Haenisch Investco.Haitong International Securities launches cash offer for and on behalf of offeror to acquire all issued shares of on time logistics.Offeror is YTO Express Group Co.

On time logistics holdings vendors, offeror and guarantors entered into spa on 8 may 2017

Monday, 8 May 2017 07:02am EDT

May 8 (Reuters) - On Time Logistics Holdings Ltd <6123.HK>:Vendors, offeror and guarantors entered into SPA on 8 may 2017.Total consideration for sale shares is hk$1.04 billion, equivalent to HK$4.0698 per sale share.Vendors have agreed to sell and offeror has agreed to purchase, in aggregate, 255.8 million sale shares.vendors being LAM, Haenisch, LAM Investco and Haenisch Investco.Haitong International Securities launches cash offer for and on behalf of offeror to acquire all issued shares of on time logistics.Offeror is YTO Express Group Co.

Xinjiang Tianshun Supply Chain sees H1 FY 2017 net profit up 20 pct to 70 pct

Tuesday, 25 Apr 2017 01:58am EDT

April 25(Reuters) - Xinjiang Tianshun Supply Chain Co Ltd <002800.SZ>:Sees H1 FY 2017 net profit to increase by 20 percent to 70 percent, or to be 17.6 million yuan to 24.9 million yuan .Says H1 FY 2016 net profit was 14.6 million yuan .Says supply chain business increase is the main reason for the forecast.

UPS appoints Juan Perez as Chief Information and Engineering Officer

Monday, 24 Apr 2017 03:00pm EDT

April 24 (Reuters) - United Parcel Service Inc ::UPS names Juan Perez Chief Information and Engineering Officer.Aligns Critical Technology and Engineering teams in one organization.Forms Advanced Technology Group to develop new solutions for customers and UPS operations.Mark Wallace will continue to lead global engineering and sustainability as a member of company's executive management committee.

CTS International Logistics to dissolve three logistics controlling units

Monday, 17 Apr 2017 11:23pm EDT

April 18 (Reuters) - CTS International Logistics Corp Ltd <603128.SS> ::* Says it will dissolve three logistics controlling units located in Shanghai, Shenzhen and Xiamen respectively .

Xinjiang Tianshun Supply Chain to dissolve two branches and logistics unit

Thursday, 13 Apr 2017 03:01am EDT

Xinjiang Tianshun Supply Chain Co Ltd <002800.SZ> :Says it plans to dissolve its two branches based in Xinjiang and a wholly owned Xinjiang-based logistics unit.

Radiant Logistics acquires Canada-based Lomas Logistics

Monday, 3 Apr 2017 08:00am EDT

Radiant Logistics Inc : Radiant Logistics acquires Canada-Based Lomas Logistics . Radiant logistics - on April 1, acquired Lomas Logistics, division of L.V. Lomas Limited, through its wholly owned subsidiary, wheels international . Radiant Logistics Inc - Lomas Logistics will transition to operate as wheels international .Radiant Logistics Inc - "expect integration to take place quickly over next couple of months".

DX Group says in talks to merge with John Menzies' distribution unit

Friday, 31 Mar 2017 02:00am EDT

DX(Group) Plc : Potential combination of DX And John Menzies' distribution division . They are in discussions regarding potential combination of dx and john menzies' distribution division . Boards of dx and john menzies believe that combination has strong strategic logic for all stakeholders . Based on a preliminary joint assessment, boards of dx and john menzies estimate combination would generate cost synergies in range of £8 million to £12 million per annum . It is currently envisaged that transaction would be effected by dx acquiring menzies distribution for consideration, on a cash and debt free basis . Dx (group) - consideration comprising £60 million in cash and issue of new dx ordinary shares representing 80% of dx's issued share capital as enlarged by transaction . Cash consideration will be satisfied by new borrowings by enlarged group . As part of transaction, it is proposed that approximately 17% of john menzies' defined benefit pension scheme would transfer to enlarged group . Enlarged group would comprise a new chairman and new independent non-executive directors . Dx (group) - greg michael and paul mccourt, currently managing director and finance director, respectively, of menzies distribution, would become group ceo and cfo of dx . Daljit basi, currently finance director of dx, will become an executive director. . Anticipate transaction will be completed during summer of 2017..

DX Group says in talks to merge with John Menzies' distribution unit

Friday, 31 Mar 2017 02:00am EDT

DX(Group) Plc : Potential combination of DX And John Menzies' distribution division . They are in discussions regarding potential combination of dx and john menzies' distribution division . Boards of dx and john menzies believe that combination has strong strategic logic for all stakeholders . Based on a preliminary joint assessment, boards of dx and john menzies estimate combination would generate cost synergies in range of £8 million to £12 million per annum . It is currently envisaged that transaction would be effected by dx acquiring menzies distribution for consideration, on a cash and debt free basis . Dx (group) - consideration comprising £60 million in cash and issue of new dx ordinary shares representing 80% of dx's issued share capital as enlarged by transaction . Cash consideration will be satisfied by new borrowings by enlarged group . As part of transaction, it is proposed that approximately 17% of john menzies' defined benefit pension scheme would transfer to enlarged group . Enlarged group would comprise a new chairman and new independent non-executive directors . Dx (group) - greg michael and paul mccourt, currently managing director and finance director, respectively, of menzies distribution, would become group ceo and cfo of dx . Daljit basi, currently finance director of dx, will become an executive director. . Anticipate transaction will be completed during summer of 2017..

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