Another Canadian-US marriage 
The Canadian company GTI Transport Solutions has purchased Foxconn logistics, a brokerage company based in Nashville, Tennessee. Foxconn logistics is a non-asset contract brokerage specialising in container management and drayage within intermodal logistics, including... more
Joint entry into Portuguese market
Stuart is entering the Portuguese market. The on-demand logistics platform, formerly a start-up acquired by Geo Poste in 2017, is launching a new delivery service with the DPD Group. DPD Now is an on-demand parcel delivery service one hour after ordering in the verticals retail... more
Urby's acquisition expands portfolio
First and last mile logistics specialist Urby, a subsidiary of La Poste and Banque des Territoires, has bought an 80% stake in Lille-based start-up Stocknord, which specialises in container rental. The acquisition is intended to broaden Urby's service offer by proposing a new... more
AOI Capital buys RK Logistics in California
RK Logistics Group, a Californian 3PL logistics firm specialising in warehousing and e-commerce fulfilment, has been acquired by a group of investors led by Miami-based AOI Capital, which was founded in 2009. This acquisition marks an expansion of AOI Capital’s participation in... more
Franck Jung reaches out to Paris
In France, the transport company Jacquemin has been taken over by Franck Jung Transports. Jacquemin specialises in the distribution of palletised freight and owns a cross-dock platform of more than 2,000 sqm. It is Frank Jung’s second acquisition after taking over Transport... more
Two new clients in Shanghai
Arvato Supply Chain Solutions has won two new contracts in the e-commerce sector in China: One of the new customers is the American nutritional supplements brand GNC. The second new e-commerce client at Arvato Shanghai's logistics centre in Qingpu is an up-coming Chinese... more
J.B Hunt gets off to a good start in 2022
In Q1/2022, the USA-based J.B. Hunt group saw its revenues grow by 33.2% to USD 3.49 billion, compared to USD 2.62 billion in Q1/2021, while operating income increased by 66% to almost USD 243.3 million. All segments contributed to the revenue growth versus the prior year... more
Kuehne stays on the rise
Kuehne + Nagel improved its net turnover by 68% to CHF 10.2 billion in Q1/2022, generating a net profit of CHF 832 million. In ocean freight, originally Kuehne's core segment, container volumes reached 1 million teu in this period and the division's net turnover amounted to CHF... more
Trans-o-flex launches B2C pharma offer
Germany-based express service Trans-o-flex is now offering a B2C pharma service, which was developed for the temperature-controlled shipment of medicines to end customers. The timing of the service expansion was deliberate, the company commented. "The mail order... more
Two platforms soon to merge
The holding has given the green light. Icontainers, an online freight platform heaquartered in Barcelona, is to merge with the digital freight forwarding branch, Dubai-based Shipa Freight. The combined company, wholly owned by Agility, will offer standard air and ocean... more