Fulfilment startup raises EUR 35 million 
International expansion is the aim of the Paris-headquartered on-demand fulfilment startup Cubyn. The firm has collected EUR 35 million in a financing round led by Eurazeo and Bpifrance Large Venture with the participation of new partners like First Bridge Ventures and Fuse... more
GIE France PCS banks on digitisation
France is pushing its logistics industry. The interest group (GIE) France PCS offers concrete solutions to make the country’s logistics industry more competitive. Launched at the end of 2020 in line with the recommendations of the Hémar-Daher report, France PCS underlines... more
Laso's transport for Leixoes
Laso Transportes, a Portuguese road haulier specialising in the transport of conventional goods and project cargo, recently took on a challenging assignment for its client Central de Cervejas in Santarém, 70 km from Lisbon. Some of the cargo exceeded 5.50 m in width. The... more
Fedex can't help winning
Fedex remains a winner of the 2020 pandemic. The company recently reported its consolidated results for the quarter ended 30 November 2020.In the three months from September to November, revenues surged from USD 17.3 billion to USD 20.6 million (+16.1%) compared to the same... more
Hegelmann adds 1,000 trucks
Due to the spot market’s high demand for FTL transport, Germany’s Hegelmann Group is adding 1,000 trucks to its fleet in 2021. The acquisition involves replacement and expansion investments in roughly equal parts. The first tranche of 550 trucks from Daimler has already been... more
New option for dangerous goods declaration
The Geis Group, based in Neu-Isenburg near Frankfurt (Germany), digitalised the registration of dangerous goods for its customer Siemens Healthineers within a few weeks, with the support of IT service provider Dakosy.The freight forwarding group, which surpassed the threshold of... more
AIT Worldwide fills its war chest
Less than three months after taking over Fiege's IFF activities, AIT Worldwide Logistics has concluded its partnership with private equity group Quad-C Management. While Quad-C sold its full stake, the New York City-based middle-market financial firm The Jordan Company (TJC)... more
KWE's new facility learns how to fly
The Malaysian affiliate of Japanese Kintetsu World Express (KWE) has started operations at the new warehouse in the Free Commercial Zone (FCZ) of Penang Airport, Malaysia. This follows a new warehouse which opened 3 km from Shanghai Pudong Airport in August 2020. Penang is... more
XPO gives birth to GXO
US-headquartered XPO Logistics has created an umbrella spin-off of the group’s logistics business. The new company is to be named GXO Logistics. Brad Jacobs, current chairman and CEO of XPO Logistics, emphasised that the group's recent investments in technology have launched GXO... more
Dachser bypasses congestion in US ports 
In response to the congestion in the ports on the US West Coast that has been increasing since February this year, Dachser has launched a LCL expedited service connecting China to the USA with a cut on dwell time. Providing much-needed reliability with fixed weekly schedules... more