Transport Topics
DHL Acquires UK Mail for $315.5 Million
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Deutsche Post DHL Group has agreed to acquire UK Mail Group on Sept. 28 for 242.7 million pounds ($315.5 million), enhancing the company's presence in the e-commerce market in Great Britain.
Flexport Raises $65 Million in Venture Capital to Expand Operations
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San Francisco startup Flexport Inc. raised $65 million in venture capital to expand U.S. and global operations, the company announced Sept. 26.
Consumer Spending Little Changed as Income Gains Cool
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Consumer spending was little changed in August as income growth cooled, pointing to a softening in consumption after a run of strong gains.
Consolidated Fastfrate Begins Cross-Border Service, Celebrates 50th Anniversary
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Consolidated Fastfrate celebrated its 50th anniversary Sept. 26, and company CEO Ron Tepper announced his direction for the company in a corporate newsletter and company event.
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