London City bond opts for freeport advantages 
The freeport status has attracted yet another tenant to DP World London Gateway’s growing port-centric logistics park. London City Bond, which will take the facility on a long-term lease from March, is a major UK tax warehousing company and specializes in storage for renowned... more
J.B. Hunt reaching the zenith
Zenith Freight Lines, a subsidiary of Bassett and based in Conover, NC (USA), is being acquired by J.B. Hunt Transport Services of a purchase of USD 87 million. When the transaction has been finalised, J.B. Hunt and Bassett will enter into a long-term services agreement which... more
Another warehouse in Strasbourg
A new 8,500 sqm warehouse in Strasbourg is in the making, close to the Rhenus head office in Alsace, France. The construction of the multi-client warehouse, designed to store products at controlled temperatures and with a dedicated 2 to 8°C area, will be finished H2/2022. A... more
M&M expands into southwest China
The Militzer & Münch group, which is headquartered in St Gallen (Switzerland) opened a new office in Chongqing in southwestern China on 4 January 2022. It's the company’s eighth location in the country. The municipality of Chongqing, the economic centre of southwestern... more
Next link in Asian chain
Cargo-Partner's liaison office in Jakarta is being upgraded to a branch office. Given that the Indonesian transport and logistics sector is currently showing a growth rate of more than 15%, the Austrian logistics provider is taking advantage of a change in local legislation in... more
ID Logistics: 20 years on track
With an exceptional surge of 21% in revenue, totalling almost EUR 550 million in Q4/2022, France-based ID Logistics continues its upward trend in its domestic and global markets. In Q4/2021, the company’s revenues in France amounted to EUR 208.1 million, up 7.8% compared to... more
Black cat touches the sky
Yamato Holdings (YHD) and Japan Airlines (JAL) are planning to launch air freighter operations between Tokyo and Hokkaido, Kyushu and Okinawa in April 2024. Since logistic providers including YHD are facing a law amendment concerning overtime work hours, YHD needs to secure... more
Automotive logistics reeling from soaring costs
ECG, the Association of European Vehicle Logistics, has pointed out that the finished vehicle logistics (FVL) industry continues to face an unprecedented crisis with rising costs and dwindling capacities and volumes. In the maritime sector for instance, the time charter rates... more
Taking digitalisation to the next level
Ensuring a fast and secure transmission of data has become an increasingly important issue in digitalised logistics. To investigate the reliability of the various communication networks, researchers at the Fraunhofer Institute for Material Flow and Logistics IML joined forces... more
Another big investment in logistics real estate
Düsseldorf (Germany)-based project developer DFI Real Estate massively expanded its business activities in 2021. The developer, which specialises in industrial, logistics and commercial estate, secured six properties with a combined area of 310,000 sqm. The projected investment... more