A good year for Geis Group 
Geis Group, which is headquartered in Germany, increased its turnover by 19.4% year-on-year to almost EUR 1.2 billion last year. It had recorded a slight decline of 3.3% in 2020. The air + sea services segment proved to be the growth driver in 2021, with turnover up by 60%.... more
3PL Century Logistics is sold
Metro Supply Chain Holdings, an affiliate of Canadian-based Metro Supply Chain, is acquiring Century Logistics, a 3PL headquartered in Suffolk, UK. The price of the transaction was not disclosed. Metro Supply Chain currently manages approximately 4 million sqm in over 80... more
More money for Forto
In its series D financing round, digitised freight forwarding and supply chain provider Forto has raised an additional USD 250 million in investor funds, increasing the company's valuation to USD 2.1 billion. Existing investors were also involved, in addition to banks and funds,... more
Freeports in UK 12 months later
The demand for relocation to the logistics zone at Thames Freeport is growing fast. With the announcement that a new GBP 300 million fourth berth at London Gateway – one of Europe’s biggest infrastructure projects – will create even more capacity for the world’s largest vessels,... more
Dachser expands warehouse in Linz
The German logistics provider Dachser is investing EUR 4.3 million in the expansion of its warehouse in Hörsching near Linz, Austria. The additional storage and logistics space has a footprint of 5,640 sqm and will provide an additional 10,500 pallet spaces to the existing... more
Robots on the move in Sweden
Located in Sisjön, Gothenburg, Kollmorgen Automation is moving into new 1,900 sqm premises. The change is part of a strategic initiative to push the implementation of AGVs and mobile robots into processes. "The new building is located next to our testing and simulation... more
Nippon Express goes for Delhi Airport
Japan-headquartered freight forwarder Nippon Express (NE) India recently opened a logistics centre in the cargo area of Indira Gandhi International Airport in Delhi. So far, NE India has transported the cargo collected from its customers directly to the airlines or stored it... more
Joint venture investing heavily in USA
It is an invitation for two. The US real estate investor and developer Oxford Properties Group (Oxford) and the real estate investment management firm Ever West Real Estate Investors (Ever West) formed a joint venture in late 2021, planning to invest around USD 1 billion in US... more
Ikea opts for Glencar
Ikea has contracted the construction company Glencar in UK for a GBP 12 million fit out project. In Ikea’s 150,000 sqm new distribution centre, located at the former Littlebrook Power Station site on the south bank of the River Thames in London, the project involves the... more