XPO's spin-off takes its toll 
XPO Logistics generated revenues of USD 1.83 billion in Q4/2022, surpassing the USD 1.77 billion achieved in Q3/2021. Yet, the company witnessed a net loss due to three impacts primarily related to the RXO spin-off completed in November: a USD 64 million non-cash goodwill... more
Xpediator wins on the Continent
In a first draft of its 2022 unaudited results, UK-based freight management company Xpediator reported rising revenues due to a strong Continental business. The Braintree-based freight forwarder stated that its 2022 revenues were just below GBP 400 million (EUR 454 million), up... more
Jungheinrich strikes in USA
The Hamburg (Germany)-headquartered intralogistics specialist Jungheinrich is acquiring Storage Solutions Group, a USA-based provider of racking and automation solutions. The transaction is valued at USD 375 million. Storage Solutions, headquartered in Westfield, Indiana and... more
Building for Dachser
Dachser has begun the construction of another distribution centre in Germany, this time in Rottenburg am Neckar in Baden-Württemberg. The project has been contracted to Panattoni, which is now realising the eighth such development in partnership with Dachser. The new... more
El Mosca expands fleet
El Mosca, a Logista affiliate based in Southern Europe, has added the duo trailer format to its fleet. The duo trailer will be able to transport 70 t – twice as much as a normal truck- by means of two joined trailers, thus reducing carbon emissions by 20% compared to the same... more
Cargo-Partner values sustainability
Cargo-Partner is reducing paper consumption in its global network. It has already digitised and by revamped a range of business processes. In air freight, Cargo-Partner began the ongoing transition to e-AWBs in 2015 and increased its share of e-AWBs by 26% for shipments from... more
More e-vehicles in Swiss transport
E-mobility is the order of the day. In the fleet of DPD Switzerland, headquartered in Buchs near Zurich, 130 of 750 vans are currently fully electric. The courier service recently put ten more Renault Trucks E-Tech Masters into operation at its depot in Rothenburg. With an... more
Conforama on the move in Poland
French home furnishings retailer Conforama has found a new 51,000 sqm location for the distribution of its products from Eastern Europe. The shipper has partnered with Geodis for both consolidation and distribution services to organise the delivery of its products... more
Migros to build hub with multimodal access
Migros has begun building its new online distribution centre in Regensdorf near Zurich (Switzerland). The property will have a total area of 38,000 sqm on four floors, with completion scheduled for 2026. The new warehouse is primarily intended for the distribution of online... more
Another speculative warehouse near Paris
A group of real estate developers are building a new warehouse close to Paris on a speculative basis. The Harbert European Real Estate Fund V, Foncière Magellan and Grand Paris Aménagement have joined forces to develop a 20,400 sqm two-storey business park. It will be located... more