A big deal about cash 
The Spanish company Prosegur Cash, which specialises in logistics services for securities and cash management, has bought the majority of shares from the 1991-founded Change Group, a global provider of foreign currency and financial services. The takeover of a non-specified... plus
For direct rule in Kloten 
ATS-Hellmann is giving up its air and sea freight activities in Switzerland and handing them over to Hellmann directly. From 2023 on, Hellmann will be working with its own Swiss national company and taking over part of its long-standing partner’s team and market presence in... plus
DHL is not Fedex
Deutsche Post DHL Group is celebrating its preliminary results for Q3/2022. A particular focus lay on the group’s ebit, which passed the threshold of EUR 2 billion over the period (Q3/2021: EUR 1.78 billion). Thus, with its group ebit for the first nine months of 2022... plus
Two for a special site in the Netherlands
The Dutch ministry of defence contracted Rhenus Warehousing Solutions Netherlands for the construction of a centralised logistics centre at the site of the Kamp Soesterberg military barracks to better support logistics operations for land-based systems. The 37,800 sqm... plus
New logistics fund in the making
The Asian ESR Group has raised AUD 540 million (USD 351 million) for its new venture, EADP II, a develop-to-core logistics fund. With a targeted fund size of AUD 1 billion (USD 650 million) for EADP II, GIC, ESR's Pan Asia Fund, has committed the lion's share with AUD 490... plus
Panattoni's biggest site so far
In Germany’s fashion sector, Panattoni has completed its largest project development to date for its client Horn in Bedburg. Horn, which owns various properties used by the Peek & Cloppenburg Group in Germany and Austria, has leased the new building, which was completed in... plus
Agility invests in e-mobility supplier
Agility Ventures, the venture capital branch of Kuwait-headquartered Agility, has invested in Loop Global, a USA-based developer of hardware and software for electric-vehicle (EV) charging stations and networks. Loop, which operates in all 50 US states and more than 15... plus
An e-parcel boat on the Spree
In Berlin, DHL has put an electrically powered solar ship into service. The vessel is 10.50 m long and 2.50 m wide. By using photovoltaics on the ship's roof, sufficient electricity can be generated for propulsion and on-board power. For times without sunshine, the energy is... plus
Shipper adopts Geodis' carbon reduction programme
The Danish group Grundfos, a major water technology company, has decided to change its global freight policy. Its annual amount of 20,000 containers will now be shipped in a more sustainable manner by the use of the Geodis sustainable fuel programme which aims to replace... plus
How shippers can in-source their logistics
In an unusual move, the Nasdaq-listed Coffee Holding, coffee roaster and trader located in USA, is merging with Delta Corp Holdings, a 3PL active in bulk & energy logistics, fuel supply, commodities, and asset management. The deal is a share exchange agreement, whereby... plus