Another loan for ESR 
With the completion of the ARA Asset Management (ARA) acquisition, ESR Cayman Limited (ESR) has enlarged its portfolio as a major APAC real asset manager, including logistics real estate in Asian countries. The integration with ARA, including its subsidiary Logos, also enables... more
PLP's new site to be finalised in 2022
PLP, a developer, manager and owner of logistics and industrial properties in UK, has contracted Glencar to build a 140,000 sqm (Crewe 460) speculative big box logistics unit at a development site at Basford West in Crewe. Construction work is expected to start imminently, and... more
Aemli 2022 – China and India retain top spots
China and India held their No. 1 and 2 ranking in the ‘2022 Agility Emerging Markets Logistics Index’ (Aemli), the company’s 13th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. The UAE, Malaysia, Indonesia, Saudi Arabia, Qatar,... more
Panattoni discovering Austria
The US company Panattoni is expanding its footprint in Europe. The developer of industrial and logistics real estate is establishing a branch in the Austrian capital Vienna. The office is opening in February and is managed by project developer Jürgen Winklbauer. Panattoni... more
Almost 1 billion for Flexport
San Francisco-based Flexport, a technology platform and digital forwarder, has closed a USD 935 million series E funding round. Investors include Andreessen Horowitz and MSD Partners. In addition to existing partners DST Global, Founders Fund and Softbank Vision Fund, new... more
Three new locations for CEP platform
Let Me Ship, a Hamburg-based provider in multi-carrier shipping solutions founded in 2000, is extending its European network for courier, express and parcel shipments. Besides Germany, Switzerland, France and Belgium, new locations have now been opened in Austria, the... more
Old Dominion does well in 2021 
In 2021, USA-based transport firm Old Dominion, NC, saw its revenues surge by 31.4% to USD 1.4 billion. Profit grew even stronger, by 46.9% to almost USD 279 million. The average number of full-time employees increased by 20.3% in Q4/2021. Old Dominion’s president and chief... more
Logistics real estate a winner
According to an analysis published by BNP Paribas Real Estate, Germany’s logistics markets grew very strongly in the Corona pandemic. With a record 9 million sqm (incl. owner-occupiers) in use in 2021, the previous year’s figures were exceeded by 32 % and the ten-year average by... more
C.H. Robinson all over the ocean
3PL C. H. Robinson has released its full-year results for 2021: revenues went up by 42.5%, amounting to USD 23.1 billion. Operating income grew almost to the same extent, with a 37.8% uptick to USD 1.08 billion. Yet, profit margin rose only slightly from 4.15% in 2020 to 4.68%... more
Swedish double strike in the south
Founded in Gothenburg in 2003, Swedish freight forwarder NTEX recently acquired the transport and forwarding company Scanroad in Belgium and shares in the Italian freight company ITX Cargo. It is a further step on a path already taken, since the Swedes acquired Scanroad Sweden... more