Is the trade tide turning? 
In an analysis for the G20 countries, based on figures provided by the Organisation for Economic Cooperation and Development (OECD), Flexport has reported a 1.1% decline in imports and a 1.3% decline in exports in the third quarter of this year. The G20 group accounts for about... more
ZTO tackles tough environment
The Chinese CEP services provider ZTO Express, founded in 2022 and listed on the Shanghai stock exchange, has reported its unaudited financial results for Q3/2022. Parcel volumes grew by 11.7% compared to the same period in 2021, with 6.4 billion parcels handled. The company... more
Waberer’s ownership reshuffled
The Hungarian trucking and logistics company Waberer’s International has published notifications received from MHB Optimum, High Yield Vagyonkezelő and Ferenc Mike (the sole owner of MHB Optimum) on changes in the number of shares held by them after the closing of the public... more
Maersk's new centre in Pakistan
Maersk recently opened the gates of its new Integrated Logistics Park at Port Qasim in Pakistan. The facility makes the Danish group the country’s largest logistics and warehousing provider, with more than 120,774 sqm in seven cities. In 2020, Maersk Pakistan decided to... more
Asos contracts Ceva
Ceva Logistics has signed a multi-year contract extension to continue providing fulfilment services to Asos at the online retailer’s 80,000 sqm warehouse in Grossbeeren, Germany. The facility centre can store about 25 million items and ships orders to Asos customers in 62... more
Another player goes to Swiss Post
Swiss Post has acquired 100% of the shares of the forwarding company H. Bucher Internationale Transporte, based in Alpnach, canton of Obwalden. It is a regionally based transport company employing a staff of 47. The forwarder has a vehicle fleet of 34 trucks and specialises in... more
Messi knighted as logistics ambassador
Indonesia-based global logistics provider J&T Express has chosen football star Lionel Messi as its first international brand ambassador. As part of his partnership with J&T Express, Messi will showcase J&T Express' prominence not only as a logistics provider, but... more
Second automotive tenant in logistics park
Garbe Industrial Real Estate, headquartered in Hamburg, has announced the acquisition of another major tenant: a German automotive manufacturer will move into a 18,500 sqm in the "Niedersachsenpark" in Rieste, northern Germany. The vehicle manufacturer intends to use... more
System Alliance repositioned
Effective 1 January 2023, the general cargo network of the System Alliance Netzwerk will be replaced by the NG Network. The structure of shareholder and partner companies will remain unchanged. The medium-sized freight forwarding network offers transport solutions for... more
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