Lineage Logistics says it plans to acquire Emergent Cold

In an M&A deal with a direct focus on cold chain logistics, Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled logistics services provider, said it has inked definitive agreements to acquire Dallas-based Emergent Cold, a leading cold chain services and temperature-controlled services provider. Source: logistics Mgmt

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UPS announces healthcare facility expansions and receives compliance certification from EU

Atlanta-based transportation and logistics titan UPS said this week that it is making further inroads to its healthcare-dedicated warehouse and distribution network, in the form of the addition of 1.3 million square-feet (MSF) of United States-based distribution space, as well as receiving the European Union’s Good Distribution Practice (GDP) compliance certification for France- and Germany-based healthcare operations. Source: logistics Mgmt

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XPO enters into partnership with MIT’s Industrial Liaison Program and adds new board member

With an eye on advancing innovation in the logistics sector, Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, said today it has formed a partnership with the Massachusetts Institute of Technology (MIT) Industrial Liaison Program (ILP), and last week it announced it has added Aris Kekedjian to its Board of Directors. Source: logistics Mgmt

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Manitoulin Global Forwarding remains active on M&A trail with acquisition of ACS Logistics

Freight forwarding merger and acquisition (M&A) activity north of a border remains a key focus area for Toronto-based Manitoulin Global Forwarding (MGF), a subsidiary of the Manitoulin Group of Companies, with the company announcing this week it has acquired Montreal-based Associated Cargo Specialists (Canada) Inc. (ACS) Logistics. Source: logistics Mgmt

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IHS Markit asks if global supply chains are at risk of recession

August saw another intensification of the trade conflict between the United States and China. Then, in mid-September, the attack on Saudi Arabian oil production facilities resulted in an oil price spike. Both are bad news for the global supply chain managers coming at a time when the world’s economic growth is already slowing, says IHS Markit. Source: logistics Mgmt

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FedEx issues rate changes and fiscal first quarter earnings

For the holiday season, FedEx said that 2019 will mark the third consecutive year it will not apply residential surcharges, with a few exceptions, including shipments that are oversized unauthorized, or require additional handling. And on the earnings side, total revenue, at $17.058 billion, was flat, and operating income, at $977 million, dipped 9%. Source: logistics Mgmt

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