Standard & Poor’s Corp said said it revised downwards its outlook on TPG NV to stable from positive. The revision reflects concerns that the current uncertainty and weakness in the US and European economies will impact sales growth and profitability in the group’s express business, diluting the more favourable trends in mail and logistics, the ratings agency said.
Read MoreUnited Airlines and BMI British Midland on Wednesday asked the US Transportation Department to give their transatlantic alliance immunity from American antitrust laws, throwing the US and UK’s second largest carriers into a bitter debate on air competition between the two countries.
Read MoreP&O Nedlloyd has seen encouraging results in its second quarter financial breakdown. Operating profit for the second quarter was US$46 million, an improvement of $2 million compared with the same quarter last year
Read MoreKuehne & Nagel has acquired 60% of the Vendor Management business of Rusgen Holding of Canada.
Read MoreOpel Germany has renewed its contract with Emery Worldwide for a further two years to provide logistics and service parts suport in North America.
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