Kenco Expands North American Logistics with Drexel Acquisition

Kenco Expands North American Logistics with Drexel Acquisition

Kenco strategically acquired the 3PL business of Drexel Industries in Canada to strengthen its position in the North American logistics market and provide more comprehensive and efficient services. This acquisition expands Kenco's presence in Canada, enhances its service capabilities and scope, optimizes its logistics network and efficiency, and strengthens its technology and innovation capabilities. Ultimately, this will bring both parties' customers a broader network, more comprehensive services, and more advanced technologies.

01/30/2026 Logistics
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GXO CEO Discusses Postpandemic Logistics Challenges and Opportunities

GXO CEO Discusses Postpandemic Logistics Challenges and Opportunities

An interview with GXO's CEO-designate, Malcolm Wilson, discussing GXO's preparation, market outlook, peak season strategies, risk management, and industry competition. Wilson emphasizes the importance of automation in achieving GXO's goals and maintaining a competitive edge. The interview covers key aspects of GXO's operational approach and its vision for the future of contract logistics, particularly highlighting how automation will drive efficiency and innovation within the company and the broader industry.

01/30/2026 Logistics Industry Insights
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Bank of England Divides Over Surprise Rate Cut

Bank of England Divides Over Surprise Rate Cut

The Bank of England unexpectedly cut interest rates by 25 basis points in August, but the decision was divisive, requiring a second vote. The policy statement was mixed, with future direction dependent on inflation and employment data. Market reaction was cautious, and the pound fluctuated. This rate cut reflects the Bank of England's difficult balancing act between economic downturn pressure and inflation risks. The future policy path remains uncertain.

01/30/2026 Exchange Rate Query
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Oil Prices Drop Despite Inventory Decline Signaling Weak Demand

Oil Prices Drop Despite Inventory Decline Signaling Weak Demand

While the EIA crude oil inventory data initially appeared positive, a surge in refined product inventories signals weakening demand. Oil prices responded with a decline, issuing a market warning. Investors should delve deeper into the EIA report, focusing on key indicators such as inventory structure and refinery utilization rates, and consider other factors for prudent investment decisions. The apparent positive headline number is masking underlying weakness in demand.

01/30/2026 Logistics Industry Insights
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AI and Realtime Data Revolutionize Global Supply Chains

AI and Realtime Data Revolutionize Global Supply Chains

Modern Yard Management Systems (YMS) are transforming supply chain operations by optimizing vehicle flow, enhancing real-time visibility, and improving dock scheduling efficiency. Facing evolving trade policies and market uncertainty, businesses need to embrace digitalization, strengthen collaboration, and improve risk management to navigate challenges and maintain competitiveness. The application of AI in freight bill payment and Transportation Management Systems (TMS) is further enhancing supply chain transparency and control.

01/30/2026 Logistics Industry Insights
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US Rail Freight Sees Carload Drop Amid Container Growth

US Rail Freight Sees Carload Drop Amid Container Growth

The US rail freight market presents a mixed picture: traditional carload freight volumes have declined sharply, down 13.6% year-over-year, while container traffic has bucked the trend, increasing by 2.3%. Key drivers include economic restructuring, consumption upgrades, changes in global trade patterns, energy structure adjustments, and the rise of e-commerce. Railway companies need to actively embrace change by expanding container business, optimizing carload freight operations, and strengthening technological innovation.

01/30/2026 Logistics
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Toyota Material Handling and Raymond Corp Merge to Create North American Forklift Giant

Toyota Material Handling and Raymond Corp Merge to Create North American Forklift Giant

Toyota Material Handling and The Raymond Corporation announced their integration into Toyota Material Handling North America (TMHNA), effective April 1st. The integration aims to optimize resource allocation, accelerate technological innovation, expand market coverage, and enhance customer service, while maintaining the independent operation of the Toyota and Raymond brands. This move will have a profound impact on the North American material handling industry, promoting innovation and providing customers with better solutions.

01/30/2026 Logistics
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US Service Sector Growth Slows in Latest PMI Report

US Service Sector Growth Slows in Latest PMI Report

The US Services PMI has grown for five consecutive months, but the growth rate is slowing. Declines in several sub-indices suggest future challenges. There is divergence within the industry, and inflationary pressures persist. Businesses need to strengthen risk management, optimize supply chains, and innovate service models to cope with a complex and volatile market environment. The slower growth and persistent inflation highlight potential headwinds for the service sector.

01/30/2026 Logistics Industry Insights
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Kenco Expands North American Logistics with Drexel Acquisition

Kenco Expands North American Logistics with Drexel Acquisition

Kenco's acquisition of Drexel I expands its North American logistics footprint. The addition of a new Canadian warehouse strengthens its B2B and B2C service offerings, enhancing overall competitiveness. This acquisition represents a key strategic move for Kenco in the North American market, allowing for greater reach and improved service capabilities. The expansion will enable Kenco to better serve its existing clients and attract new business opportunities within the region.

01/30/2026 Logistics
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Chinacanada Shipping Costs Key Trends and Insights

Chinacanada Shipping Costs Key Trends and Insights

This article analyzes the key factors influencing shipping costs from China to Canada, including market supply and demand, transportation distance, cargo type and weight, and the destination port. It also provides practical advice on how to inquire about shipping rates, emphasizing the importance of directly consulting freight forwarding companies to obtain accurate quotes. Understanding these factors is crucial for businesses seeking cost-effective shipping solutions between China and Canada.

01/30/2026 Logistics
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