US contract logistics player turns French 
French major player Geodis has acquired 100% of the shares of the US-American "Need It Now Delivers" from the private equity fund Palm Beach Capital and further stakeholders. The contract logistics company, founded in 1987, has built up a road freight network... more
100% Peru
Hellmann Worldwide Logistics now holds all the shares in the Peruvian joint venture Hellmann Worldwide Logistics S.A.C, after Carlos Augusto Dammert, president of the board, decided to sell his stake of 50%. The company will now be fully integrated into Hellmann's global... more
Free trade does the trick 
How important are preferential tariffs in economic treaties? Switzerland as a neutral country – be it ‘actively’ so or not – depends on imports and exports for its economy. It’s economics ministry has teamed up with Efta to investigate the effect free trade has on companies’s... more
Cargo-Partner buys stake in Sim Cargo
The European general cargo network Sim Cargo has accepted Cargo-Partner's offer to acquire a third of its shares. With its 50 employees, Sim Cargo, which was founded in 2020, provides logistics and digital services for 260 medium-sized system partners. Both parties know each... more
Investing in life sciences environment
Singapore-headquartered ESR and its JV partner have acquired a life sciences R&D business park for RMB 268 million (USD 40 million) in Zhangjiang, Shanghai (China). Formerly known as Zhangjiang NEO, the unit of almost 9,000 sqm consists of two blocks with Pharmaceutical... more
Rhenus: latest acquisition in Spain
The Rhenus Group has acquired Aduanas Alié. The Spanish company also provides customs services in Morocco and the Maghreb. Rhenus Logistics Spain is thus reinforcing its operations involving traffic flows with Morocco, a market considered as strategic for the group. This... more
Agility also flourishing
In H1/2022, Kuwait-based Agility achieved a revenue of KD 270.5 million (USD 882 million), an uptick of 22.9%, and a net profit of KD 28.8 million (USD 94 million). Ebitda, which excludes the performance of the GIL business sold by Agility in 2021, increased by 21.5% to KD 71... more
Enhancing a niche market
In addition to the transportation of automobiles across Kazakhstan for Toyota Motor, Gebrüder Weiss is now also handling replacement parts distribution and warehousing for the Japanese automaker’s dealers in Almaty. In 2021, Toyota sold around 14,000 vehicles there – equivalent... more
UPS expands healthcare logistics network
Bomi Group, a multinational healthcare logistics provider with Italian roots, has become the next target of UPS's expansion strategy. The takeover will add temperature-controlled facilities in 14 countries and nearly 3,000 Bomi staff members to the integrator's healthcare... more
Can’t help growing
It is an investment in the automotive industry from another angle. Effective 9 August 2022, Copenhagen-based Scan Global Logistics (SGL) finalised its ninth acquisition in 2022 by taking over the owner-operated German-American logistics service provider AFL, including the assets... more