Doubling up in Dammam 
Saudi Global Ports (SGP), a subsidiary of Singapore’s PSA International, and Mawani, the Saudi Ports Authority, have agreed to build and operate two container terminals at the King Abdul Aziz Port in Dammam. Saudi Customs’ measures also support the move. more
Two traditions merging in Basel 
An acquisition in Switzerland: The Basel-headquartered Nauta, a freight forwarding and logistics company founded in 1947, has acquired the company Bonatrans, founded in 1977. Marino Ballo, managing director and owner of Bonatrans, will stay on board in supporting the... more
Hyperloop project Zeleros raises EUR 7 million
Zeleros Hyperloop has completed a financing round worth more than EUR 7 million. The company starts a new and important phase in the development of its version of hyperloop, the “fifth mode of transport” and an alternative for the future to provide efficient and sustainable... more
New facility for automotive logistics
After almost a year of construction, Garbe Industrial Real Estate has completed an automotive logistics centre in Flechtorf to the south of Wolfsburg in Lower Saxony (Germany) for engineering services provider Bertrandt. The property with a 30,000 sqm hall area was officially... more
DFDS partners with Global & Local Enterprises
DFDS Logistics in Ghent (Belgium) has decided to outsource its repair and maintenance workshop to Global & Local Enterprises, which manages a chain of workshops with well-trained mechanics and supervisors. This company will now handle the repairing and maintenance of DFDS’... more
Nippon Express acquires MD Logistics
Following an equity purchase agreement concluded with MD Logistics and MD Express, a logistics group operating in the USA, Nippon Express acquired the entire equity interests of MD Logistics through its subsidiary Nippon Express USA on 22 May 2020. MD Logistics is... more
Beacon closes USD 15 million fundraising round
London (UK)-based Beacon, a next generation freight forwarding and supply chain finance company, has raised over USD 15 million in its series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and the American venture capital firm 8VC.... more
Wabco is now part of ZF
Now that all official approvals have been granted, ZF Friedrichshafen has completed the acquisition of Wabco, a supplier of commercial vehicles. Wabco's shares, which were before listed on the New York stock exchange, were withdrawn from the stock exchange market with immediate... more
New hotspots in the west
The national market for logistics real estate is developing particularly dynamically in western Switzerland. Major projects in the cantons of Valais, Geneva and Vaud are set to begin operations soon. The Gros-de-Vaud region, north of the city of Lausanne, is now the area of the... more
Geis breaks billion euro record
The Geis Group ended the last financial year with a new turnover record: in 2019, the international logistics services provider generated a net turnover of EUR 1,038 billion, surpassing the billion euro mark for the first time and exceeding 2018's result by 9.5%.... more