New logistics fund in the making 
The Asian ESR Group has raised AUD 540 million (USD 351 million) for its new venture, EADP II, a develop-to-core logistics fund. With a targeted fund size of AUD 1 billion (USD 650 million) for EADP II, GIC, ESR's Pan Asia Fund, has committed the lion's share with AUD 490... more
Panattoni's biggest site so far
In Germany’s fashion sector, Panattoni has completed its largest project development to date for its client Horn in Bedburg. Horn, which owns various properties used by the Peek & Cloppenburg Group in Germany and Austria, has leased the new building, which was completed in... more
Agility invests in e-mobility supplier
Agility Ventures, the venture capital branch of Kuwait-headquartered Agility, has invested in Loop Global, a USA-based developer of hardware and software for electric-vehicle (EV) charging stations and networks. Loop, which operates in all 50 US states and more than 15... more
An e-parcel boat on the Spree
In Berlin, DHL has put an electrically powered solar ship into service. The vessel is 10.50 m long and 2.50 m wide. By using photovoltaics on the ship's roof, sufficient electricity can be generated for propulsion and on-board power. For times without sunshine, the energy is... more
Shipper adopts Geodis' carbon reduction programme
The Danish group Grundfos, a major water technology company, has decided to change its global freight policy. Its annual amount of 20,000 containers will now be shipped in a more sustainable manner by the use of the Geodis sustainable fuel programme which aims to replace... more
How shippers can in-source their logistics
In an unusual move, the Nasdaq-listed Coffee Holding, coffee roaster and trader located in USA, is merging with Delta Corp Holdings, a 3PL active in bulk & energy logistics, fuel supply, commodities, and asset management. The deal is a share exchange agreement, whereby... more
Black figures for Unipart
UK-based Unipart Group has reported its financial results for 2021. The group turnover surged by 4.2% to GBP 821.6 million (2020: GBP 786.7 million), delivering an ebitda of GBP 13.7 million (2020: GBP 19.7 million). Last year, Unipart Logistics was contracted by both Jaguar... more
Savino del Bene opens new HQ in Germany
In Germany, Italian logistics provider Savino del Bene is moving the headquarters of its national branch from Düsseldorf to Hamburg. The new office is centrally located in the city centre. Savino Del Bene's presence in Germany also includes sites in Stuttgart-Filderstadt,... more
A reaction to near-shoring 
Group7 strengthening truck transports to improve connections for shippers. It’s the talk of the town that many shippers from industry and commerce have relocated production sites for transport reasons. Group7, from Munich (Germany), has developed a strategy for this, as Günther... more
Breaking ground in Japan
Construction works for the ESR Noda II facility have now begun. The site is located in Chiba Prefecture’s Noda City in Japan and just 4 km away from the operational ESR Noda distribution centre I (Noda l). Scheduled to be completed in August 2023, the Noda II is a 4-storey... more