USD 100 million for Project44 
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
GLP investing in Venlo
GLP has acquired a 44,000 sqm logistics asset in Venlo (Netherlands), situated close to the German border. The fully-leased facility is located in ‘Trade Port Nord’, within easy distance of the three ports of Rotterdam, Antwerp and Amsterdam. The company said that this... more
TT Club: malpractice costs USD 6 billion a year
British TT Club’s recent analysis pointed out that two thirds of incidents related to cargo damage are caused or exacerbated by poor practices at the time of packing goods into a freight container. Such supply chain malpractice can result in containership fires with loss of... more
Takeover in Morocco completed
Ceva Logistics, an affiliate of CMA CGM, has acquired the Asti Group in Morocco as part of its ongoing strategy to expand its portfolio in Northern Africa. The companies have been long-standing partners for more than two decades and have delivered a range of multi-modal services... more
Broekman enlarges Benelux footprint
Rotterdam-headquartered Broekman Logistics, with branches in South Asia and Europe, has taken over the Belgian activities of Freight Forwarder Ipsen Logistics, further strengthening its position in the Benelux region. Following the acquisition of chemical warehousing... more
Penske rides the Black Horse
US-headquartered Penske Logistics started the new year with the acquisition of the logistics company Black Horse Carriers. The agreement with the Chicago-based trucking company was inked in November 2020. The transaction has now been completed. “The Penske organisation has... more
Kerry Thailand on stock exchange
Kerry Express Thailand (KETH), established in 2006 as an affiliate of Kerry Logistics Network, has been listed on the Stock Exchange of Thailand (SET) since the end of December. KETH remains a subsidiary of Kerry Logistics Network after the spin-off. The price of the initial... more
Three projects for Glencar
Glencar, a British construction company specialising in the industrial, logistics, distribution and manufacturing sectors, has secured three new contracts valued at GBP 20 million (EUR 22.1 million). The project sites are in Northampton, Dartford and Witham, Essex. The... more
Shippers and forwarders query carriers' policy
The associations of European shippers and freight forwarders ESC and Clecat have appealed to the European Commission and criticised the policy currently pursued by liners. In a joint letter to the Competition Directorate of the EC, the associations complained about the... more
Rabelink and Gesink have three years to merge
Rabelink Logistics, an affiliate of the German Huettemann Group, has purchased Gesink Transport, effective 1 January 2021. At Gesink, a company which was founded more than 160 years ago, 140 employees and a fleet of more than 100 tractor units and 115 trailers will be... more