Coface predicts slow pace in 2022 
The insurance group Compagnie Française d'Assurance Coface recently published its business barometer, analysing the risks and opportunities lying ahead in 2022. Although economic recovery will continue, "Omicron has highlighted the unpredictability of the pandemic and... more
Expeditors still under fire
The Seattle-based logistics and freight forwarding group Expeditors International is still feeling the impact of a recent cyberattack. The incident led to a partial shutdown of activities on a global scale. The company said that it will cover all expenses for investigating... more
Cargo-partner pushing Slovenian location
Less than a year and a half after the new hub went into operation, Cargo-partner is expanding its iLogistics centre in Ljubljana from the current 25,000 sqm to a total of 39,100 sqm of warehouse space. The warehouse was officially opened in September 2019, and the expansion... more
Investment in Benelux specialist
70% of the shares of Speedlink Worldwide Express have been sold to Logista, a provider of express (time critical) deliveries to and from Belgium and the Netherlands. The purchase contract includes an option to acquire the remaining 30% in the next three years. Founded in... more
GXO's ambitious outlook
GXO, the logistics spin-off of XPO listed at the stock market, has reported its results for 2021. For the full year, revenues increased to USD 7.9 billion, a rise of 21.5% compared to the USD 6.2 billion achieved in 2020. The company reported adjusted ebitda of USD 611... more
French takeover in CEP segment
It is a Franco-German wedding. Group Sterne is taking over the provider nox Nacht Express. Founded in 1972, Groupe Sterne has developed three complementary service solutions for its business in Europe (time-critical, urban and day express, in the aftersales market) alongside its... more
China and C.H. Robinson
The 3PL C.H. Robinson is opening a new office in the Chaoyang district in Beijing and thus expanding its presence in Greater China to over 23 locations. The opening follows the company’s successful performance in 2021. “The recent geographical expansion of our global... more
Cargo Line and Leman become partners
The German general cargo network Cargo Line and the Danish transport and logistics services provider Leman have inked a cooperation agreement. In an initial phase, the partnership will cover procurement logistics by sea freight from six Chinese metropolises – Shanghai,... more
Hermes and DPD stop joint venture
Hermes Germany and DPD Deutschland have decided not to prolong the operations of Parcel Lock, a joint company that was created to develop IT solutions for locker systems. The operational activities of the joint venture, which started in 2016, will be terminated in the course of... more
KWE also wins in 2021
Japan’s Kintetsu World Express (KWE) has reported its financial results for the first nine months of the fiscal year ending 31 March 2022. While revenues went up by JPY 703.2 billion (USD 6.06 billion), an increase of 65.6% compared to the same period in 2020, operating income... more