Allcargo makes big purchase 
The Belgian affiliate of India-based Allcargo has inked an agreement with NBG Logistik Beteiligungs- und Beratungsgesellschaft to acquire 75% of the shares of Fair Trade Schiffahrt, Handel und Logistik. The price of the transaction is approximately EUR 12 million, subject to... more
A new project team is on
The German L.I.T. Group has spun off the company's own L.I.T. Solutions to make its own projects more professional. The cross-sector team, which emerged from the business engineering department, currently has eight employees. It will provide internal support from the beginning... more
Air & logistics united for net zero
It takes two to tango - in carbon reduction as well. Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, is partnering with DSV Global Transport and Logistics to purchase sustainable aviation fuel (SAF) to compensate for the carbon emissions of its cargo... more
Gymshark's support in new waters
British fitness community and apparel brand Gymshark has contracted DSV to take over the logistics for its fitness wear, apparel, and accessories. Established in UK in 2012, Gymshark has grown in recent years, with current revenues of around GBP 480 million in its most... more
UWL's China office in operation
The US American NVOCC and 3PL UWL has opened its first office in China. From Shanghai’s Bund area, UWL will start servicing customers, effective 1 December 2022. The Shanghai location is the fourth new office UWL has opened in the last twelve months, following an office in... more
A triple of shares for Emons
A Cologne (Germany)-based company is pursuing its international activities and pushing air, sea, and logistics in Asia. As part of its "go international" strategy, Emons is acquiring stakes in three Chinese companies: Founder Air & Sea Cargo, Wanda International... more
Logwin: high expectations
Despite declining freight rates, Logwin is expecting better results for the full business year 2022. Revenues in the air + ocean and solutions segments as well as for the whole group are expected to exceed in total EUR 2.2 billion. They will thus exceed the previous year's... more
More space for luxury
Beauvais is not only the site of the highest French cathedral tower, it also houses a major LVMH logistics facility. About a dozen years after the construction of the site, the French luxury brand is expanding its hub. The planned 7,300 sqm extension includes two new halls... more
Next to Tesla
Panattoni is developing a new building in Grünheide, Brandenburg (Germany), directly adjacent to international car manufacturer Tesla’s Berlin-Brandenburg production site. The developer is realising a total floor space of almost 56,000 sqm, of which approx. 46,500 sqm is... more
For a new fulfilment hub in UAE
A new fulfilment centre in Abu Dhabi is in the making. The Khalifa Economic Zones Abu Dhabi –Kezad Group, Abu Dhabi’s integrated trade, logistics, and industrial hub and an affiliate of AD Ports Group, is working with Noon.com, a Middle East-based online shopping platform to... more