Panalpina rejects DSV proposal 
Panalpina has confirmed that the Ernst Göhner Foundation, Panalpina's largest shareholder, representing approximately 46% of the total share capital, informed the board of directors that it does not support the current non-binding proposal from DSV, and that it rather supports... more
Gefco to be listed on Paris branch of Euronext exchange 
The French logistician is planning to open up to new shareholders. Majority stakeholder RŽD could reduce its share to less than 50%. Gefco also recently fortified its position in its French domestic market by extending a contract with Würth. more
New freight forwarder gracing greater Nuremberg
The general cargo alliance, Vernetzte-Transport GmbH (VTL), has gained a new partner for the Nuremberg region in the shape of Barsan Global Logistik (BGL). The latter, an international freight forwarding company, operates twelve trucks for local haulage tasks within the entire... more
All's well that ends well for crew of MSC Mandy
The six crew members who had been kidnapped from the containership “MSC Mandy” during a pirate attack about 55 miles off the coast of Cotonou (Benin), on 1 January 2019, are now free. Seven to nine pirates with automatic firearms and knives boarded the 2,700 teu vessel,... more
Brazilian cargo airline expands fleet
Backed by the private-equity firm DXA Investments, Modern Logistics (Brazil) is preparing to put a fourth B737F into commercial service in coming weeks. The logistics company, based in Jundiaí, São Paulo, also plans to add several more narrowbody freighters to its fleet... more
Honold and Premium Aerotec working together
Honold Logistik and the aviation supplier Premium Aerotec have opened a new materials management centre in Augsburg (Germany). The platform is both a digitally controlled material warehouse and a hub for all deliveries to/from the four Premium Aerotec parts factories in... more
Big bridge encouraging Gambia - Senegal trade
A new 942 m long bridge spanning the Gambia River has become a safer and quicker route compared to the risky ferry crossing or the long detour between the northern and southern parts of Gambia and Senegal. The USD 93.68 million bridge, which was almost entirely financed by... more
World Insurance Services appoints new CEO
World Insurance Services, a marine insurance provider for independent freight forwarders, has named former executive Monica Lee as CEO. Bryce Barnhart, who previously led the insurance facility, is now WCA’s vice-president of North America. World Insurance was created in... more
Cannabis faster out of Zimbabwe?
With Fruit Logistica opening its doors in Berlin this week, the landlocked Southern African country Zimbabwe is discussing whether to accelerate the granting of export licences for cannabis. Government sources pointed out that legal marijuana has started gaining traction... more
Strong Q4 rounds off a strong year
UPS has tabled its Q4 and full-year earnings for 2018. Total 2018 revenue increased by 7.9% to USD 71.9 billion on shipment growth; the revenue-yield expansion of 4.3% surpassed the 2017 yield by 200 basis points. The company opened 14 major facilities in the USA in... more