Project44 Buys Convey for 255M to Boost Lastmile Tracking

Project44 Buys Convey for 255M to Boost Lastmile Tracking

Project44 acquired Convey for $255 million, aiming to expand its end-to-end supply chain visibility platform, particularly strengthening its last-mile delivery capabilities. Convey's technology helps shippers connect parcel and freight data, optimizing the final mile delivery experience. This marks project44's third acquisition this year, demonstrating its strategy to build a more robust supply chain visibility platform. The acquisition will integrate Convey's expertise in last-mile delivery with project44's existing capabilities to provide enhanced tracking and management for shipments.

01/19/2026 Logistics
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XPO Logistics Spins Off GXO to Capitalize on Supply Chain Growth

XPO Logistics Spins Off GXO to Capitalize on Supply Chain Growth

XPO Logistics announced the spin-off of its logistics business, with GXO Logistics set to become an independent publicly traded company, expected to be completed in the third quarter. GXO will be the world's second-largest contract logistics provider, focusing on e-commerce, automation, and supply chain outsourcing. Strong performance growth is projected for 2022. The company is customer-centric and offers global, technology-driven logistics services, promising a bright future. GXO aims to capitalize on the growing demand for outsourced logistics solutions.

01/27/2026 Logistics
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Trucking Fleets Struggle with Data Use Under ELD Mandate

Trucking Fleets Struggle with Data Use Under ELD Mandate

A recent survey reveals that despite the Electronic Logging Device (ELD) mandate, one-third of US truck drivers still use paper logs. The survey highlights the underutilization of ELD technology, with fleets failing to fully leverage data analytics for optimized operations. Experts advocate for enhanced training to unlock the value of data, improving fuel efficiency, vehicle maintenance, driver safety, and customer service, ultimately leading to a competitive advantage. The mandate's potential remains untapped without proper data analysis and integration into fleet management strategies.

01/29/2026 Logistics Industry Insights
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Quest for Quality Awards Honor Top Logistics Firms

Quest for Quality Awards Honor Top Logistics Firms

The 42nd Quest for Quality Awards, revealed by Logistics Management magazine, are based on customer evaluations of logistics service providers across key metrics including on-time delivery, value, information technology, customer service, and equipment & operations. Through a rigorous assessment process, the awards recognize outstanding performers in various categories, providing a valuable resource for companies seeking high-quality logistics partners. The awards offer insights into service providers that excel in meeting customer expectations and delivering exceptional performance across crucial aspects of the supply chain.

01/30/2026 Logistics Industry Insights
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Volkswagen Boosts China EV Push with Xpeng Stake

Volkswagen Boosts China EV Push with Xpeng Stake

Volkswagen is investing $700 million in XPeng, acquiring a 4.99% stake. The two companies will jointly develop two mid-size electric vehicles, utilizing XPeng's smart technology. Simultaneously, Audi will expand its partnership with SAIC Motor to co-develop a luxury electric vehicle platform. This move aims to address the intense competition in the Chinese electric vehicle market, accelerate Volkswagen's electrification transformation, and enhance its technological capabilities. The collaboration signifies Volkswagen's commitment to strengthening its position in the rapidly evolving EV landscape in China.

02/05/2026 Logistics Industry Insights
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Domestic Deals Fuel Q2 Logistics Transportation MA Rebound

Domestic Deals Fuel Q2 Logistics Transportation MA Rebound

PwC's report reveals a surge in both volume and value of M&A deals in the logistics and transportation sector during the second quarter, with domestic transactions dominating. Shipping and freight segments witnessed significant M&A activity, fueled by strong interest from financial investors. Looking ahead, lean operations and value creation will be crucial for success in this evolving landscape. The report highlights the ongoing consolidation within the industry and the increasing importance of strategic partnerships.

01/30/2026 Logistics Industry Insights
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IF Coconut Water Opens Shanghai HQ to Expand China Presence

IF Coconut Water Opens Shanghai HQ to Expand China Presence

IF Coconut Water's China headquarters settles in Hongqiao. Walmart upgrades its stores. China achieves breakthroughs in underwater space station technology. Hainan Free Trade Port opens a new multimodal transport channel. China Merchants Group increases its investment in Hainan's shipping industry. Hainan's coffee industry flourishes. The China-ASEAN Free Trade Area is upgraded. Hainan Free Trade Port's independent customs operation yields significant results. Coca-Cola appoints a Chief Digital Officer. A new export channel for chemical products from Hainan Free Trade Port opens.

02/12/2026 Logistics
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Xtool Plans Hong Kong IPO to Expand Global Market Share

Xtool Plans Hong Kong IPO to Expand Global Market Share

xTool, a brand under Shenzhen Maker Works, has filed for an IPO on the Hong Kong Stock Exchange, aiming to compete in the global creative tools market. The company positions itself as a high-end consumer technology brand, primarily focusing on laser-based personal creative tools, driven by an AI-powered hardware-software integration. In recent years, xTool has experienced rapid revenue growth, with significant contributions from overseas markets. It holds a leading position in niche markets such as laser engraving machines.

02/03/2026 Logistics Industry Insights
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Customs Representatives Association Revitalized on International Customs Day

Customs Representatives Association Revitalized on International Customs Day

The Customs Representatives Association held its annual conference on International Customs Day, aiming to reshape the association and meet new global trade challenges. By building a customs "family", promoting international cooperation, and driving digital transformation and green customs concepts, the association is committed to strengthening customs cooperation among countries, facilitating and securing global trade, and contributing to an open, prosperous, and sustainable future. The focus is on collaboration to address evolving trade complexities and leveraging technology for enhanced efficiency and security in customs procedures worldwide.

02/12/2026 Customs Knowledge
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WCO Explores Global Trade Facilitation Efforts

WCO Explores Global Trade Facilitation Efforts

The World Customs Organization (WCO) Secretariat is a key player in global trade, responsible for strategic planning, technical support, capacity building, and international standard setting. Composed of the Policy and Standards Directorate and the Implementation and Capacity Building Directorate, the Secretariat enhances global trade efficiency by simplifying customs procedures, promoting information technology applications, and strengthening international cooperation. It contributes to building a more open, inclusive, and sustainable global trading system. Its work is vital for facilitating legitimate trade and ensuring a secure and predictable international trade environment.

02/06/2026 Customs Knowledge
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