Facility close to Seoul changes hands 
South Korean ESR Kendall Square REIT has acquired another mixed-use logistics facility for KRW 103 billion (USD 94.2 million). This acquisition follows the recent launch of “Anseong LP”/“Yongin BRIC” located in the logistics hub of the broader Yongin area about 1.5 hours... plus
First location in Barcelona
The North Germany-based L.I.T. group opened its first location in Spain on 1 May 2021. From the new office in Barcelona close to the international seaport, a team of three employees handle export and import orders covering the Iberian Peninsula. Initially, the business will... plus
The desert lives
The Désert Group, which specialises in bulk and liquid transport, has taken over Jean Moreau Transport. The French company, which had been in receivership since 2018, was sold by owner Frédéric Moreau, who wanted to retire. 55 employees, including 45 drivers, transferred to the... plus
Havi shouldering transport for Gorillas
Duisburg-based Havi Logistics is taking over logistics services in Germany for the start-up Gorillas. The service provider has initially taken over the logistics services for Gorillas' dry and frozen assortment. In addition, the logistics provider uses local locations as... plus
US logistics for European tournament
UEFA, organizer of the Euro 2020, from kick-off at Stadio Olimpico in Rome (Italy) on 11 , until the final whistle at Wembley Stadium in London (UK), on 11 July 2021, is banking on the US-based integrator, Fedex Express, for logistics services during the European Championships... plus
Big plans in Flanders
P&O Ferrymasters has just contracted Genk Green Logistics to build a 10,000 sqm warehouse near the Port of Genk. The new facility – strategically located near the Belgian port in the heart of Flanders’ industrial belt - is positioned to accommodate the import and export of... plus
UPS issues new forecast
UPS has put forward its 2023 financial targets. Consolidated revenues are expected to range between around USD 98 billion and USD 102 billion. The consolidated adjusted operating margin is planned to be in the 12.7% to 13.7% range. The cumulative capital spending from 2021–2023... plus
Knight-Swift acquires UTXL
Phoenix-based Knight-Swift Transportation has bought all equity interests of Kansas City-based third-party logistics company UTXL for around USD 22.5 million. UTXL specialises in full truckload services in USA, Canada and Mexico. It generated over USD 100 million in... plus
An Post tackled difficult 2020
An Post in Ireland has reported its results for 2020. Revenues grew by 2.6% to EUR 916.0 million, a rise of 2.6% over 2019 (EUR 892 million). A parcel boom with a growth rate of 100.0% was partially offset by a decline in letter volumes of 7% and trading declines in the post... plus
25,000 solar panels for Burundi
Bolloré Logistics Portugal has transported more than 25,000 solar panels for the construction of a 7.5 megawatts (MW) renewable energy power plant in Burundi. The operation took place in several stages over a period of four months. A total of 150 teu containers were shipped... plus