USD 250 million for logistics real estate in Asia 
ESR and its affiliate Logos have completed th finance round for the co-branded Pan Asia Core+ Venture (PACV) and raised USD 250 million in equity commitments in total. This initial raising includes investment from two institutional capital partners in Europe and America: the... plus
E-commerce and logistics combined
ESW, a major direct-to-consumer (DTC) E-commerce company, and Seko Logistics have concluded a partnership agreement. The alliance, which is meant to reduce the rising cost of cross-border e-commerce for DTC brands, is also a technology agreement. While ESW will support... plus
Zencargo banks on tracking
London-based digital freight forwarding company Zencargo will cooperate with Tive, a data provider for shipment locations. In this partnership, Zencargo will offer customers deeper insight into the location and condition of critical goods. With its condition trackers, Tive... plus
Another hub for Evri's parcel network
A new warehouse in a Bury St Edmunds business park in Suffolk, UK is now operational. Developed by the property group Jaynik, the 7,000 sqm the site next to the A14 will be run by the parcel delivery company Evri, formerly named Hermes Parcelnet. Among the shippers who have... plus
More space for lithium batteries in the air
The news was announced at the current International Air Transport Association’s (Iata) annual World Cargo Symposium (WCS), but not by a classic aviation company. Instead, Ceva Logistics has expanded its owned air cargo programme by adding five more stations to its network of... plus
Green warehouse south of Greenland
A.P. Moller – Maersk (Maersk) is going to build the company’s first low GHG emissions contract logistics warehouse in Denmark. The facility will be constructed in partnership with Taulov Dry Port, a Danish joint venture between ADP A/S and PFA Pension. The warehouse is part... plus
Three for zero emission heavy transport
One shipper, one vehicle manufacturer and one logistics and transport company have opted for a common approach in green logistics: Ikea Industry, Volvo Trucks, and Raben Group have inked a collaboration agreement on zero emission heavy transport in Poland. To this end, Ikea... plus
Partnership for SME's webshops and fulfilment
DHL Supply Chain has now got the bigger piece of the cake. The affiliate of Deutsche Post DHL Group has announced the acquisition of a majority stake in Dutch e-commerce specialist Monta. The business model is a partnership to serve small and mid-sized webshops in e-fulfilment... plus
New Antwerp offices for Bolloré
Bolloré Logistics in Belgium recently inaugurated its new headquarters in the city centre of Antwerp. The company's agencies at Brussels and Liège airport will be run from this new location. It will offer professional transport and logistics services focusing on maritime... plus
Geodis sees clouds on the horizon
Geodis, the forwarding branch of the French state-owned railway SNCF, is witnessing a decline in Asia-Europe trade. While H1/2022 ended well with an operating profit surging by 53% and revenues going up by 34% compared to the same period last year, Q2/2022 results already... plus