Panattoni discovering Austria 
The US company Panattoni is expanding its footprint in Europe. The developer of industrial and logistics real estate is establishing a branch in the Austrian capital Vienna. The office is opening in February and is managed by project developer Jürgen Winklbauer. Panattoni... more
Almost 1 billion for Flexport
San Francisco-based Flexport, a technology platform and digital forwarder, has closed a USD 935 million series E funding round. Investors include Andreessen Horowitz and MSD Partners. In addition to existing partners DST Global, Founders Fund and Softbank Vision Fund, new... more
Three new locations for CEP platform
Let Me Ship, a Hamburg-based provider in multi-carrier shipping solutions founded in 2000, is extending its European network for courier, express and parcel shipments. Besides Germany, Switzerland, France and Belgium, new locations have now been opened in Austria, the... more
Old Dominion does well in 2021 
In 2021, USA-based transport firm Old Dominion, NC, saw its revenues surge by 31.4% to USD 1.4 billion. Profit grew even stronger, by 46.9% to almost USD 279 million. The average number of full-time employees increased by 20.3% in Q4/2021. Old Dominion’s president and chief... more
Logistics real estate a winner
According to an analysis published by BNP Paribas Real Estate, Germany’s logistics markets grew very strongly in the Corona pandemic. With a record 9 million sqm (incl. owner-occupiers) in use in 2021, the previous year’s figures were exceeded by 32 % and the ten-year average by... more
C.H. Robinson all over the ocean
3PL C. H. Robinson has released its full-year results for 2021: revenues went up by 42.5%, amounting to USD 23.1 billion. Operating income grew almost to the same extent, with a 37.8% uptick to USD 1.08 billion. Yet, profit margin rose only slightly from 4.15% in 2020 to 4.68%... more
Swedish double strike in the south
Founded in Gothenburg in 2003, Swedish freight forwarder NTEX recently acquired the transport and forwarding company Scanroad in Belgium and shares in the Italian freight company ITX Cargo. It is a further step on a path already taken, since the Swedes acquired Scanroad Sweden... more
GDP and WDA for NX Spain
Two certificates at the same time: Nippon Express de España has obtained the wholesale distributor authorisation (WDA) and good distribution practice (GDP) certification from the Catalan department of health. Effective 24 January 2022, temporary storage, import/export... more
Developing Angola's logistics sector
Port and terminal operator DP World and the government of Angola have inked a memorandum of understanding (MoU) to develop the country’s trade and logistics sector. The Dubai-headquartered DP World player started operations at the multipurpose terminal (MPT) at the Port of... more