Annual profit around SGD 1 billion 
Frasers Property has reported its financial results for its financial year ended 30 September 2022 (FY 2022). Panote Sirivadhanabhakdi, Group CEO, commented that the group was “able to deliver improved operating performance over the course of FY 2022." Primarily... more
In-house software for Dachser
Digitalisation is making progress. Dachser has acquired an unspecified majority stake in the software provider Kasasi in Germany. The full takeover will be completed in a series of intermediate steps by 2026. Like Dachser, the medium-sized company Kasasi, which employs 50... more
Broekman and Liebherr form partnership
Liebherr Logistics is expanding its international footprint by partnering with Broekman Logistics to set up its first new location in the Netherlands. The intra-group logistics service provider currently supplies 70 sales companies and their global customers with spare parts... more
A more balanced third quarter
USA-based Schneider National has reported its results for Q3/2022 and for the nine months that ended on 30 September 2022. In 9M/2022, its operating revenues increased by 25% to just above USD 5 billion. Revenues climbed by 18% to USD 4.4 billion, whilst income from operations... more
Chattogram to open in December
A.P. Moller-Maersk’s new 9,000 sqm warehouse at Chattogram (Bangladesh) will soon be operational. The three-storied facility is expected to go live by December. The hub is situated close to Chattogram Port and well-connected by the outer ring road and Karnaphuly tunnel to the... more
Rituals in Hanover
The home and body scents company Rituals Cosmetics and the service provider Arvato Supply Chain Solutions opened a logistics hall at the Hanover Fair site (Germany) last week. Arvato will now handle Rituals Cosmetics’ online business for Germany, Austria, Switzerland, and... more
LMR now spelt Grammer Logistics
The US corporation Grammer Logistics has purchased the company Logistics Management Resources (LMR), based in Baton Rouge LA. LMR specialises in serving the chemicals, industrial gases and related industries. Grammer Logistics itself is a portfolio company of Stellex Capital... more
A Danish acquisition this time
In Denmark, Rhenus Warehousing Solutions has taken over DKI Logistics, including its warehouse investment firm DKI Automatic. The authorities approved the deal so that DKI is already an official part of the Rhenus Group. The responsible managers finally signed the contract... more
Close to Madrid 
Farsound is expanding its operations in Spain with the opening of a new facility close to Madrid-Barajas Airport. The company’s new warehouse and operational facilities will be located in San Fernando de Henares, a town in the province of Madrid, and will be fully... more
More mega-trucks in Spain
XPO Logistics has launched three new mega-truck routes in Spain connecting Bilbao with Valladolid and Madrid with Barcelona on a daily basis. The routes are integrated into XPO’s day and night LTL distribution network with the specific aim to expand service to companies in the... more