Seifert approaches the EUR 300 million mark 
The German-based Seifert Logistics Group (SLG) closed its 75th financial year with a record turnover of over EUR 260 million, which is an increase of 20% compared to 2021. The main growth drivers were the logistics division and the opening of the new logistics centre in Ulm... more
Rhenus expands footprint in the Balkans
Continuing its expansion in Croatia, Rhenus is taking over logistics provider Trans Integral, two years after the successful integration of freight forwarder Log Adria. This acquisition is part of the plan to enlarge Rhenus Group’s presence in the region and augment its... more
DB Schenker's 18th terminal in Poland
DB Schenker is expanding its network of 17 terminals in Poland and opening a new facility in Toruń, Kuyavian-Pomeranian region. The property includes a cargo handling hall with an operating area of more than 4,800 sqm and modern office spaces on a plot spanning 41,000 sqm.... more
SGL launches logistics hub for Eastern Europe
Scan Global Logistics (SGL) is opening its first wholly owned office in Bucharest, Romania, which is fast becoming the logistics hub for Eastern Europe. The new location will help strengthen the forwarder’s position in the Balkan Peninsula by leveraging its existing locations in... more
Ready for the shift in routes 
Any logistician such as Gürhan Takil, the head of the forwarder Taklog, who serves markets in the Caucasus, the Middle East as well as in Central Asia, had to be flexible even before the outbreak of Covid-19. Since the northern route of the New Silk Road was eliminated the small... more
New brand for enhanced end-to-end solutions
PSA Cargo Solutions, a business unit of Port of Singapore Authority (PSA), will combine with BDP to form the new brand PSA BDP. This decision follows PSA’s acquisition of BDP in April 2022. Backed by the strength of PSA’s global network of more than 60 deep sea, rail, and... more
Farsound relocates
The Farsound team has moved into its new 5,389 sqm headquarters in Brentwood Essex, UK. The state-of-the art property is located close to Farsound’s old HQ building and has been designed and built entirely from scratch. The building, which is considerably bigger than the... more
Pall-Ex network to get new tracking software
Pall-Ex in UK is partnering with technology specialist The Algorithm People which will help to offer best in class tracking for customers. Following an extensive tender process, Pall-Ex chose The Algorithm People’s Optimize package to help deliver its Nexus ETA project. This... more
Two log tech companies to exploit synergies
ITA Consulting Group, provider of the B2B multi-carrier shipping solution Letmeship, is strengthening its position in the European courier, express and parcel (CEP) market with the acquisition of Parcelparcel. Founded in 2013 in the Netherlands, the company helps companies in... more
Agility grows through acquisitions
Kuwait-based Agility had a strong 2022, which was marked by two major acquisitions. The group reported full-year 2022 earnings of KWD 68 million (EUR 205 million), an increase of 180.7% over the same period in 2021, excluding results from its global integrated logistics unit,... more