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
Fashion brand moves to fancy Frihamnen port
Ports of Stockholm and Gant have signed a seven-year tenancy agreement for 4,700 sqm of premises at Frihamnen port in Stockholm, Sweden. The premises are on the ground floor of the Magasin 3 building, one of the historic warehouse buildings at the port with a panoramic view over... more
EUR 10 million logistics hub to open in September
Global freight forwarder Geis Group is building a new logistics terminal n Naila, Upper Franconia, Germany. Construction was symbolically kicked off with the ground-breaking ceremony on a 56,000 sqm plot of land in the Kalkofen industrial estate. Geis Bischoff Logistics will... more
UPS investing in healthcare segment
Logistics provider UPS has opened a new location for healthcare products in Giessen. It is the first UPS branch in Germany to specialise in such products. The new hub has a GMP- and GDP-compliant certified area of 27,200 sqm and also offers a modern track-and-trace system,... more
Carbon neutral warehouse for UK’s Midlands
PGS Global has invested GBP 10 million (EUR 11.3 million) in developing the greenest storage and distribution hub in central England to support the growth of European manufacturers and retailers. The purpose-built carbon neutral warehouse is attracting strong interest from... more
Asian markets to expand till 2030?
It is not necessarily only Asians which are expecting their markets to boom. A recent study conducted by UPS emphasises that "Asian markets are becoming the global epicentre for new consumer demand." According to these findings, trade among twelve key markets in... more
Thanks to Schenker, DB is back in profit
The Deutsche Bahn Group (DB) is back in the black. Despite the burdens on the rail business caused by the pandemic, the war in Ukraine and the sharp rise in inflation, the company closed 2022 with a significant operating profit. The operating result (ebit adjusted) improved by... more
EV Cargo boosts Chinese network
EV Cargo has expanded its air and sea freight office network in China with the recent opening of new branches in Shanghai, Ningbo and Qingdao, adding to its existing footprint in Shenzhen and Hong Kong. The development sees EV Cargo extend its global network of owned offices and... more
Warehouse extension for French milk branch
Real estate company Argan is building the second phase of its logistics warehouse in La Crèche, Western France. The facility is being leased to Eurial, the milk branch of the Agrial cooperative group. The two new 12,400 sqm cells will extend the future complex to 32,800 sqm... more