Slump across the board? 
Reuters reports that Fedex lost approximately USD 12.5 billion in market capitalisation after it withdrew its original financial forecast on 16 September 2022 and predicted a USD 500 million drop in turnover for 2022. However, some bank analysts did not agree with Fedex’s... more
Warehouse boom at London Gateway continues
In UK, demand for logistics space continues to grow. DP World has just broken ground to build a new speculative 11,000 sqm green warehouse at London Gateway’s port-centric Logistics Park. According to the company, demand in the Southeast of England is even "reaching... more
Moving to a new site in San Diego
In San Diego, DHL has moved to another facility which is about double the size of the previous location. The integrator spoke of an investment of USD 22 million. The service centre, which is near San Diego International Airport (SAN), is currently the company’s third-largest... more
An energy drink for ID Logistics
In USA, energy drink specialist Nutrabolt has contracted a subsidiary of ID Logistics to cover the management of logistics and co-packing activities in New York State. The new 21,000 sqm site is the fifth operation the logistics company is running for Nutrabolt. It is located... more
Cool chain close to Stockholm
The Swedish grocer ICA Sweden is building an automated fulfilment centre 100 km from Stockholm to be completed by 2026. Once opened, the new facility is intended to significantly speed up the company’s deliveries to the retailers. A 30 m high frozen pallet warehouse will be... more
What crisis? It’s an opportunity! 
In conversation with Nurgül Karabaki, LAM’s airfreight business development manager. Turkey’s skies are full of airfreight activities. Might the Iata World Cargo Symposium, which was scheduled to take place in Istanbul in 2020, return to the Bosphorus again next year? The... more
Two new partners for Transnatur
Transnatur Group signed a partnership for the region of Strasbourg with Ziegler as a new agent on 15 September 2022. The companies have been working together for many years, especially in France, where they already cover the Bordeaux area. Under this partnership, Transnatur will... more
In the mood for Berlin
City Dock Berlin Falkensee is fully let. Moodja, a provider of e-commerce fulfilment solutions for fashion and lifestyle brands, is renting the Panattoni building. The business park’s multi-tenant leasing approach has therefore been changed to single-tenant leasing. Moodja... more
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