Axell Group sells off part of its portfolio 
The Dutch Axell Group in Diessen is strengthening its focus on logistics. The Timmermans family has been at the helm of the family business since it was founded in 1933. In 1996, the company opened its first logistics branch in Poland, in 1999, it launched the temporary... more
For more business in France
The freight forwarder Gustav Mäuler, based in Remscheid, Germany, has doubled the palletised general cargo volumes on its routes to and from France. The owner-managed company, which specialises in transport, warehousing, contract and chemical logistics, has been connected to... more
Topocean under a new flag 
Kerry Logistics is taking over Topocean Consolidation Service in Los Angeles, which is owned by Robert Chin Yang Wang and Andy Hsien Cheng Wang. Topocean specialises in international freight forwarding and logistics services. Kerry has agreed to acquire initially 70% of the... more
Better facilities for pharma distribution
German operator Simon Hegele is strengthening its infrastructure for the distribution of pharmaceutical products at its locations in Karlsruhe and Frankfurt/Raunheim. The project also includes applying for and obtaining GxP licences and hiring about 200 employees in the next... more
Direct Connect goes for Performance
It is an American marriage: Indianapolis-headquartered 3PL Direct Connect Logistix (DCL) is acquiring Utah-based company Performance Logistics. The financial terms of the transaction were not disclosed. Performance Logistics, a third-party logistics company specialising in... more
Coface predicts slow pace in 2022
The insurance group Compagnie Française d'Assurance Coface recently published its business barometer, analysing the risks and opportunities lying ahead in 2022. Although economic recovery will continue, "Omicron has highlighted the unpredictability of the pandemic and... more
Expeditors still under fire
The Seattle-based logistics and freight forwarding group Expeditors International is still feeling the impact of a recent cyberattack. The incident led to a partial shutdown of activities on a global scale. The company said that it will cover all expenses for investigating... more
Cargo-partner pushing Slovenian location
Less than a year and a half after the new hub went into operation, Cargo-partner is expanding its iLogistics centre in Ljubljana from the current 25,000 sqm to a total of 39,100 sqm of warehouse space. The warehouse was officially opened in September 2019, and the expansion... more
Investment in Benelux specialist
70% of the shares of Speedlink Worldwide Express have been sold to Logista, a provider of express (time critical) deliveries to and from Belgium and the Netherlands. The purchase contract includes an option to acquire the remaining 30% in the next three years. Founded in... more
GXO's ambitious outlook
GXO, the logistics spin-off of XPO listed at the stock market, has reported its results for 2021. For the full year, revenues increased to USD 7.9 billion, a rise of 21.5% compared to the USD 6.2 billion achieved in 2020. The company reported adjusted ebitda of USD 611... more