Maersk goes for logistics in Jafza 
Maersk Kanoo UAE has inaugurated its first integrated logistics centre at DP World’s trade and logistics hub Jafza in Dubai, UAE. Here, the carrier aims to build an integrated solution wherein it customers will receive single window access to multiple logistics requirements, not... more
Fresh cash for Waberer's
The publicly listed Hungarian transport company Waberer's International has issued a EUR 111 million corporate bond in a private placement. Proceeds from the fixed-rate, ten-year, amortised bond will be used to build a warehouse, to finance individual regional acquisitions,... more
Startup to build up a new platform
Karlruhe (Germany)-based Neo Cargo is developing a neutral and digital networking platform for medium-sized forwarders. Freight is to be organised with just a few clicks and forwarders can, for example, process their orders automatically in a network via the Neo Cargo interface.... more
More Raben in Romania
The Raben Group has added two new locations in Oradea and Buzau to its nine existing warehouses in Romania. The existing three warehouses in Bucharest, Sibiu and Timișoara, which have been operational since 2021, have a cross-docking area that can also offer logistics solutions.... more
Nordic Transport Group buys US player
The Nordic Transport Group (NTG), founded in Denmark in 2011, is acquiring US-based Aries Global Logistics. AGL is an international air and ocean freight forwarder founded in 1985. This is the group’s largest deal so far, after it bought the Swiss Group Gondrand in 2018, amongst... more
2021 a pushy year for Liebherr
In 2021, the Liebherr Group achieved a total turnover of EUR 11.6 billion which corresponds to a rise of 12.6% or EUR 1.3 billion compared to the previous year. The group was thus almost able to match its previous record year in 2019 in terms of annual turnover. Net profit for... more
New platform for Tanzania's businesses
DP World is launching its wholesale e-commerce platform dubuy.com in Tanzania. The online marketplace will attempt to give Tanzanian businesses more opportunities to buy wholesale products across a variety of categories both domestically and abroad - and a broader access to... more
Bolloré and MSC clinch deal in Africa
White smoke is rising. The negotiations between the French Bolloré Group and the Geneva-headquartered MSC, which were announced in December 2021, have come to a successful conclusion. On 31 March 2022, the Bolloré Group inked the contract of sale with the MSC Group for 100%... more
Repurchase of Gefco shares?
The Gefco Group hasn't remained untouched by developments in Eastern Europe. Since RZD, the Russian railways, bought 75% of its capital in 2012, the sanctions imposed on its shareholder by the European Union are having a negative impact on the group’s activities, in the UK, for... more
Smiling faces in Hong Kong
2021 was good to Kerry Logistics. In its annual results, the Hong Kong-based group reported revenues amounting to HKD 81.7 billion (USD 11.2 billion), a rise of 53% compared to 2020 (HKD 53.3 billion). Operating profit clocked in at HKD 6.2 billion (USD 790 million), an increase... more