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PSA International Pte Ltd (PSA) and BDP International, Inc. (BDP) jointly announced today that PSA Cargo Solutions (Cargo Solutions), a business unit of PSA, will combine with BDP to form a new brand: PSA BDP. This announcement follows PSA’s successful acquisition of BDP in April 2022. The new PSA BDP brand blends complementary strengths and capabilities of both companies to enhance service and solution offerings across the entire supply chain.
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PSA International Pte Ltd (“PSA”), a leading global port group and trusted partner to cargo stakeholders, has signed an Agreement to acquire 100% of the shares of privately-held BDP International, Inc. (“BDP”) – a leading provider of global integrated supply chain, transportation and logistics solutions – from New York-based private equity firm Greenbriar Equity Group, L.P. (“Greenbriar”).
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BDP’s expertise in end-to-end supply chain services will complement PSA’s far-reaching network to create new cargo solutions for customers.
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Canada’s foreign minister is holding talks in Washington as the clock ticks down to reach a deal on updating the North American Free Trade Agreement that could pass Congress this year and skirt metal tariffs.
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The governments of Saudi Arabia, the United Arab Emirates, and Bahrain announced that they have severed diplomatic relations with Qatar.
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The agreement means the Gulf carrier will hold a 9.6% stake in Cathay at a value of about $600 million.
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Qingdao Port Authority recently announced that Qingdao Port (including QQCT and QQCTU) would resume the operations for dangerous cargoes in DG Classes 2,3,4,5 and 6 beginning October 29, 2018. These classes were previously forbidden since August 15, 2017.
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The agreements, which cover more than 31,000 employees and are subject to membership ratification, have been reached with Brotherhood Railway Carmen (BRC), the International Association of Machinists and Aerospace Workers (IAM), the International Brotherhood of Electrical Workers (IBEW), and the Transportation Communications Union (TCU).