Investors for MENA "trukker" platform 
The IPO round for the privately-held Trukker Holding, a major digital freight network active in Saudi Arabia, UAE, Egypt and neighbouring countries, is underway. Investcorp led the initial close of this round with USD 51 million investment alongside new and existing... more
More warehouse space close to New York City
Additional space for the peak season to come - that's what World Distribution Services (WDS) has created by extending one of its warehouses. The provider of warehouse logistics solutions made 18,600 sqm additional space available at its Linden, New Jersey facility. The... more
Abu Dhabi hosts Hope summit
The Hope Consortium, an Abu Dhabi-led public private partnership for pharma logistics, is one of the organisers of the second edition of the International Pharma Logistics Masterclass which is now taking place at Khalifa University in Abu Dhabi. 120 participants from 50... more
JD Logistics grows global foot print
China-based JD Logistics has reported its interim Q2/2022 results. The company’s revenues from external customers increased by 27.7% to RMB 18.2 billion compared to Q2/2021. This division accounts for nearly 60% of total revenue for the quarter. Main commodities were FMCG, home... more
Boughty and Windfall join forces
A new partnership in UK: Boughey Distribution will work with FMCG supply chain specialist Windfall Logistics of St Albans to provide an additional service for around 100 of Boughey’s existing customers. The link with Windfall Logistics will provide the brands with a... more
Electric deliveries in Munich
A new city logistics concept is taking hold in Munich. Dachser will deliver its general cargo consignments with electric trucks in future. As from September 2022, companies and private recipients have been supplied exclusively by a fully electric 7.5 t Fuso e-Canter truck. Two... more
A new acquisition for Hub Group
The North-American Hub Group has acquired Tagg Logistics (Tagg), a provider of e-commerce, B2B and omnichannel fulfilment solutions, including warehousing and transportation services. Since its foundation in 2006, Tagg has built up a portfolio of almost 372,000 sqm of... more
Stef: 23% increase in turnover in H1/2022
The French Group Stef achieved a turnover of more than EUR 2 billion in H1/2022, a growth rate of around 23%. Amongst others, the refrigeration transport company recorded capital gains from asset disposals totalling EUR 10 million. In France, the fresh segment experienced... more
How to push furniture expansion worldwide
Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer. The aim of the agreement is to reduce waiting times for orders to one to two months, approximately three times less than the industry average of three to six months. As Castlery expands... more
TFI International selling a big piece
TFI International, a Canadian transport and logistics group that is also operates in USA and Mexico, has decided to sell CFI’s truckload and Mexican non-asset logistics businesses to Heartland Express. The price was USD 525.0 million, subject to customary closing adjustments and... more