Next unicorn raises its horn 
The knights of open shirt sleeves and broism are making their way in Europe. The digital freight forwarder Sennder has completed its Series D financing round and receives an investment volume of USD 160 million. The funding round has now led the company's valuation to over... more
Rebranding and uniting
The France-based logistics services provider Geodis changes the name of its Geodis Industrial Projects division to Geodis Project Logistics. In addition to the group’s growing activity in the renewable energy market, as well as in the oil & gas industry, Geodis is... more
The flood of M&A continues 
The Loxx logistics group, headquartered in Gelsenkirchen, home to the famous German football club Schalke 04, is to be taken over by Rhenus. Besides activities in the Rhine-Ruhr region, the company is also a supplier of international logistics services. In addition to the... more
Big Three for GLP
GLP, a developer of logistics warehouses and distribution parks, announced today, 14 January 2021, that it is launching the construction of 300,000 sqm of warehouses across seven units and four sites in Bedfordshire, Northamptonshire and Milton Keynes in UK, following the grant... more
Doubling warehouse capacities in South Africa
DHL Global Forwarding is building a new warehouse costing ZAR 126.5 million (USD 8.3 million) in Johannesburg. The provider's new 13,000 sqm facility will be located within the bonded zone at Skyparks Business Estate close to O.R. Tambo International Airport. Twice the size... more
Amazon's five new sites
Amazon is currently erecting five new facilities in the Detroit metropolitan area. The main site will occupy 252,000 sqm and is expected to be launched in the course of 2021. This hub will be the fourth fulfilment centre in Michigan, using manual work and Amazon robotics to... more
Perfect storm pushes DHL's results
With its preliminary group results for 2020, logistics group Deutsche Post DHL Group has confirmed that Covid-19 was an important driver for business last year. At EUR 4.84 billion, consolidated ebit surpassed the result originally forecast by more than 9%. The growth of... more
Geodis takes next step in USA
Geodis also sees great potential in the e-commerce trade. With its new digital platform, the France-headquartered company aims to enable US retailers to deliver goods such as fashion items, health and personal care products and other merchandise directly to consumers. The... more
Coffee service powered by TST
In Germany, TST has been selected as the new logistics services provider for the Tchibo Coffee Service. Headquartered in Worms, the company operates 75 storage and logistics locations across Europe and the USA. TST will manage the new service from its site in Trebbin in the... more
Bison moves to new pastures
At the turn of the year, 30-year old Bison Transport, one of Canada’s major logistics and trucking companies, was taken over by James Richardson & Sons, an agricultural and industrial conglomerate also from Canada. Bison’s affiliates H.O. Wolding, Searcy Trucking and Britton... more