1.14 million sqm of warehouses change hands 
Last mile operator Crossbay is outsourcing its warehouses. The portfolio comprises 128 logistics properties and six new sites under development. The buyer is Prologis, a global player in the logistics real estate industry. With the acquisition, Prologis will add a total of... more
Austria goes USA
It's long after Arnold Schwarzenegger's time. The Austrian company Berger Logistik is taking over the US freight forwarding company Super T Transport, headquartered in Idaho Falls, Idaho. The US player specialises in temperature-controlled transports. The parties have agreed... more
First project in France
Logistics real estate developer Panattoni is beginning to build its first logistics platform in France, one year after opening its first office in the country. The project, a site of 38,600 sqm, is being developed in white. It is located at the gates of Greater Paris, in the... more
More Mediterranean flair in Stockholm
Swedish food import company Fontana Food is relocating parts of its operations from Tyresö to the Euroglobe premises at Stockholm Norvik Port. This will shorten the supply chain, and goods can be distributed right from the port area. Sweden’s newest port, Stockholm Norvik, will... more
Hong Kong player goes shopping in Spain
EV Cargo, a Hong Kong-based global forwarder, is investing in Europe. The company has acquired 75% of the shares of Spain’s Air Express Cargo from its family of owners. Air Express Cargo was founded in 2004, operates from Madrid, Barcelona and Valencia, and is active in air and... more
Cold acquisition by Dixon International Logistics
The British temperature-controlled transport business Dixon International Logistics has acquired the Monaghan-based Irish firm Carna Transport. The latter will continue to operate independently from its locations in Monaghan and Armagh.The takeover is part of Dixon’s ambition to... more
External support for Swiss logistics IT
Automation and digitalisation are increasing year by year in Swiss Post, even though there’s a growing shortage of IT specialists in Switzerland. Swiss Post is therefore setting up its own European IT development site in Portugal, with up to 120 additional employees in the... more
Transmec widens bridge to North Africa
The Italian family-run company Transmec Group is acquiring Vicenza-based TNA Cargo. This purchase will not only enlarge its network, but also help Transmec approach the threshold of EUR 500 million in annual turnover. A first agreement covers the acquisition of a 67% stake... more
An automotive alliance in the Middle East
Bahri Logistics, the logistics arm of the former National Shipping Company of Saudi Arabia, has inked an agreement with the Germany-headquartered Mosolf Group, a European service provider for the automotive industry. The partners plan to establish and develop an automotive... more
From TSC to Scoular Global Shipping
USA-based Scoular has knighted its freight forwarding business with its own brand name: Scoular Global Shipping. Scoular has been operating a freight forwarding business, previously known as TSC Container Freight, for over two decades. “Scoular’s shipping business has long... more