XPO surges ahead in 2021 
XPO Logistics the company generated revenues of USD 4.1 billion in the full year of 2021, almost 14% up from 2020. Adjusted ebitda amounted to USD 904 million, a similar leap of 15.5% compared to 2020 (USD 764 million). Brad Jacobs, chairman and CEO: "Our company... more
Mixed results for Aramex
Middle East-based CEP company Aramex has reported its unaudited financial results for 2021: in the full year, revenues achieved a record AED 6.07 billion (USD 1.65 billion), an uptick of 10.0% compared to 2020. The group's net profit however dropped by 15% to AED 225 million... more
A new facility near Dresden
France-headquartered logistics group Geodis is planning a multi-user logistics facility in Coswig near Dresden, Germany. The new hub is scheduled to be ready for occupancy in October of this year. The building, developed by Garbe Industrial Real Estate, will feature two... more
New location on Mexican border
International transport and logistics service provider Gebrüder Weiss has opened a branch in the Texan border town of El Paso, which is to become a hub for full load transports between Mexico and USA. With this expansion, the company responds to an increase in trade between... more
Koerber takes over from Siemens
The international technology group Koerber has inked an agreement to acquire Siemens Logistics’ global mail and parcel business. With around 1,200 employees, this Siemens segment generates an annual revenue of about EUR 500 million. The price of the transaction was not... more
Real estate portfolio in China changes hands
In cooperation with a global institutional investor, Hong Kong-based ESR Cayman, an APAC-focused real estate investor, has completed the acquisition of a logistics and industrial portfolio in Greater Shanghai. It represents eleven completed logistics and industrial assets... more
Schneider National's best year so far
Wisconsin-headquartered Schneider National achieved earnings of USD 532.7 million in 2021 (+86% compared to 2020). The company also reported its Q4/2021 results, with total revenues up 21% compared to Q4/2020, amounting to USD 178 million. Intermodal revenues (excluding fuel... more
Lights, camera, action for Gaumont!
The French company Gaumont, known for classics such as "Leon, the Professional", "Nikita" or "The Big Blue", recently entrusted the Hamburg-based forwarding and logistics company A. Hartrodt with a spectacular order for an international film... more
Spare part for helicopter in time
The Northland Emergency Services Trust (Nest) in New Zealand got one of its Sikorsky S-76 rescue helicopters back in the air with an urgent AOG thanks to B&H Worldwide, also an aerospace logistics specialist. Altogether, Nest owns three Sikorsky S-76 emergency rescue... more
Rhenus expands in India
Rhenus is launching Supply Chain Solutions, a new, integrated logistics services business unit in India. The provider reports that its Indian branch achieved "a record year-on-year average growth of 20 to 30% from 2010 to 2021” last year. Rhenus India is planning to... more