Garbe realigning the boundaries 
Garbe Industrial Real Estate has acquired a brownfield area in Salzgitter in Lower Saxony (Germany). Following a comprehensive redevelopment of the site, Garbe plans to construct a 51,000 sqm logistics property that is scheduled to be commissioned in Q3/2024. It will invest... more
Consolidation among Germany's SMEs in progress
Consolidation is progressing in Germany’s SMEs in the logistics sector. After L.I.T. Spedition took over Westfalia Intralog with 77 employees at five locations on 1 August 2021, it announced its next coup exactly one year later. The Brake-based group is taking over... more
Guardians set for change 
Restraint practiced by cartel authorities could soon come to an end. The cycle of mergers and acquisitions is continuing in the logistics industry. GXO wants to finalise its purchase of Clipper Logistics in the UK by the end of this year. Antitrust authorities’s green lights... more
Australian all-rounder under Bolloré’s flag
Lynair Logistics in Australia has been taken over by Bolloré Logistics, effective 1 August 2022. Lynair, which is based in Adelaide, will retain its brand name temporarily and continue its business operations as usual following the acquisition. Established in South Australia... more
Boom of logistics real estate unbowed
MLP Group, which owns and manages logistics, commercial and industrial parks in Germany, Austria, Poland and Romania, saw its figures improve in H1/2022. Its 2.1 sqm investment property is now worth more than EUR 905.6 million. This corresponds to an increase of 25% compared to... more
Energy transition for Astre network
Because of rising energy prices and fuel shortages, Astre Dach Grieshaber Logistics and Moeller Transporte are converting their heating systems to oil- and gas-free technologies. The aim is to ensure storage quality in the network for temperature-sensitive goods. Grieshaber... more
CJ Logistics is on the move
Seoul-based CJ Logistics has reported its results for Q2/2022. The South Korean company achieved revenues of KRW 3.1 trillion (USD 2.3 billion), up 14.2% compared to the same period last year, while the operating profit rose by 28.2% to KRW 116.1 billion (USD 86 million). CEP... more
Trends of 2021 easing in 2022
A. Hartrodt presented the figures for the 2021 financial year recently. They contain unique records "in the company's history since 1887", the company says. Revenues from the forwarding segment benefited from higher freight rates and, with an additional increase... more
New facility to be established in Yachiyo
In Yachiyo, Japan, DHL Supply Chain, the contract logistics arm of DHL, has broken ground for a new logistics centre. The player thus reinforces its business presence in Greater Tokyo. The 40,000-sqm facility aims at customers in the consumer and retail sector, especially those... more
More parcels for ZTO Express
In China, ZTO Express has reported its Q2/2022 results. The CEP's total revenues were RMB 8.66 billion (USD 1.3 billion) in Q2/2022, a rise of 18.2% from the same period in 2021. Gross profit was RMB 2.2 billion (USD 328.9 million), an uptick of 31.6% from H1/2021. The core... more