Carrying forward a Chinese REIT 
ESR Group has received approval for its REIT application in China. As part of this real estate investment trust, the company is expected to raise over RMB 2.438 billion. The China securities regulatory commission approved the group’s application to register and list ESR China... more
UPS sells 3PL unit
UPS is selling its 3PL business unit Coyote Logistics to RXO, a North Carolina-based freight forwarder. The transaction has been agreed on for USD 1.025 billion. The sale will help UPS to focus more on expanding its portfolio as a small package provider in future. Coyote... more
KN for French fashion
Kuehne + Nagel (KN) is establishing a distribution hub in Piscataway, New Jersey, which will be used for the French fashion brand Sézane’s e-commerce operations. Founded in 2013 in Paris, Sézane has since grown its brand and is now looking to expand its network in the USA.... more
Trans-o-flex's Tapa triumph
Trans-o-flex’s entire “ThermoMed Austria” (TMA) network has now been certified with the FSR-C 2023 standard, ensuring the safety of its temperature-controlled operations. The logistics provider has received a Tapa certification for its newly opened branch in Lebring, Austria,... more
Collaborating on shipment tracking
Westlake Global Compounds will be working with Fourkites, a supply chain visibility platform, on real-time shipment tracking and minimising disruptions and delays. By integrating the Fourkites platform, Westlake Global Compound will be able to monitor its truck shipments in the... more
From racing to robots
Driftshop, a manufacturer of motorsport equipment, is inaugurating a new 8,000 sqm site in Ensisheim (Alsace, France) this month. The new hub will feature a robotic solution courtesy of Scallog. Of the total area, more than 1,000 sqm of space will be used for Scallog’s Goods... more
Fiege's five AI rules
Based on the EU's artificial intelligence act, Fiege Group, which is headquartered in Greven, Westphalia, has developed five guidelines to regulate the use of AI within its own organisation. The guidelines are intended to harmonise AI with the company’s activities in five... more
Sustainable at 130 
Von Bergen is reducing its dirty emissions. The transport company von Bergen, from the village of Domdidier in the canton of Fribourg, is celebrating its 130th anniversary this year. The future of the family-owned firm is all about quality, innovation and going easier on the... more
Panoramic view at Lake Geneva
Renault Trucks (Switzerland) and Friderici Services have agreed to strengthen their joint sales activities in some parts of French-speaking Switzerland, with the move contributing to their growth and electrification strategy. To this end the truck manufacturer’s long-standing... more
DP World's UK expansion
On over 55,500 sqm DP World has opened its largest ever warehouse in Coventry, as part of a GBP 50 million investment into its UK network, which also includes boosting its sites at Bicester and Burton upon Trent. The logistics provider’s newest addition features a fully... more