Jumia partners with Goliath 
A new partnership in Africa: the multinational trade and omnichannel group Jumia, founded ten years ago, is giving UPS access to its last mile logistics infrastructure, including the network of Jumia's drop-off and pick-up stations. The UPS services offered will include... more
Californication of warehouse space
Los Angeles-based 3PL Weber Logistics has acquired the warehousing company Pacific Coast Warehouse Company (PCWC). The financial terms of the deal were not disclosed. The PCWC brand will vanish and the company will be fully integrated into Weber Logistics. All PCWC employees... more
QCS to open new branches in Eastern Europe
Bucking the trend, the freight forwarder Quick Cargo Service (QCS) is opening up to Eastern Europe. The first of several new branches will come on stream in Bucharest on 15 April. The new office will be headed by Alina Moldovan. Other branches are to follow. "Bucharest... more
New development site in UK
A new industrial and distribution hub is being built in Crayton, UK. The property spans 54,000 sqm and will be split up into units ranging from 1,500 to 28,000 sqm. The development, which is being marketed as Segro Park Croydon, is situated at Redhouse Road, just off the... more
A 10% stake in Lufthansa
The Kuehne Holding has acquired 10% of the shares of Deutsche Lufthansa via a 100% German subsidiary in the market. Among other investments, Kuehne Holding already holds a majority stake in Kuehne + Nagel International, a more than 30% stake in the carrier Hapag-Lloyd and a 5 %... more
E-commerce pushing Wincanton
Wincanton has reported unaudited results for is financial year running from 1 April 2021 to 31 March 2022. Since e-commerce was pushing business, e-fulfilment's year revenue was up 56% compared to 2020, including the acquisition of Cygnia (+41% excluding acquisition). In the... more
Fedex partners for long-range drones
Fedex Express has agreed with Silicon Valley-based Elroy Air to develop an autonomous drone. The purpose of the cooperation is to test Elroy Air's autonomous air cargo system within Fedex' logistics operations in USA. In a press release, Fedex said that the exponential... more
New electric vehicle for western Switzerland
Camion Transport (CT) continues to upgrade its fleet. The transport and logistics company, which is headquartered in Wil, Switzerland, recently added a DAF CF electric tractor unit from the Dutch manufacturer DAF Trucks to its zero-emission fleet. The handover took place in... more
CMA CGM kisses the bride
The rumours have proved to be true, accelerated by the war in Ukraine. CMA CGM Group is acquiring almost 100% of Gefco’s shares. The group, founded by the French car manufacturers PSA in 1949, is mainly active in automotive logistics. The request for regulatory approval is under... more
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