Major takeover in Southern African logistics 
Two partners in Southern Africa have completed a major takeover in the African logistics industry. The African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund, and the Mokobela-Shataki consortium have acquired 100% of the shares of... more
For spare parts to China and Mexico
Imperial, a provider based in South Africa offering automotive and other logistics services, has been awarded a contract by BMW to manage the foreign supply centre (AVZ) at the Leipzig location in Germany. The project started on 1 April this year. From this location, the BMW... more
Fiege working on its Asian footprint
Fiege Group has acquired 100 % of the shares of World Fashion Logistics (WFL) and incorporated it into the group’s contract logistics business in Asia. WFL provides logistics services for e-commerce, retail, fashion and luxury brands in China, Hong Kong, Singapore, Australia... more
New healthcare facilities in Central Europe
UPS Healthcare has inaugurated a new 13,000 sqm warehouse for its hub near Budapest, Hungary. Offering a variety of cool chain environments to transport temperature-sensitive medicines and biologics, the USA-based CEP player has 37,000 sqm of dedicated healthcare space in the... more
A milestone for Dachser
2021 was a strong year for the Dachser group in financial terms as well. Consolidated revenues rose by 26% to EUR 7.1 billion, surpassing this threshold for the first time. Shipments and tonnage grew by 6.3%, or even 7.7% at group level. Road logistics, Dachser's core... more
3PL takeover in USA
Becker Logistics is taking over Trek Freight Services. The company, which is located in Lincolnwood, IL (USA), and has been in the business for more than 20 years, will also change its brand to Becker. Trek Freight provides third party logistics services all over the... more
New logistics hub in Jeddah
The Saudi Ports Authority (Mawani) recently inked an agreement with CMA CGM Group to build an integrated logistics platform at Jeddah Islamic Port. The new facility will be established on 130,000 sqm of land to develop a logistics hub. The deal was signed by HE Omar Talal... more
Fresh technology in Ostend
TGW is building a fulfilment centre for Up Fresh in the port city of Ostend by November 2023. The shipper is a Belgian food wholesaler and supplies more than 2,700 points of sale with meat, cheese, salads as well as convenience products. The heart of the system is a shuttle... more
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