A 10% stake in Lufthansa 
The Kuehne Holding has acquired 10% of the shares of Deutsche Lufthansa via a 100% German subsidiary in the market. Among other investments, Kuehne Holding already holds a majority stake in Kuehne + Nagel International, a more than 30% stake in the carrier Hapag-Lloyd and a 5 %... more
E-commerce pushing Wincanton
Wincanton has reported unaudited results for is financial year running from 1 April 2021 to 31 March 2022. Since e-commerce was pushing business, e-fulfilment's year revenue was up 56% compared to 2020, including the acquisition of Cygnia (+41% excluding acquisition). In the... more
Fedex partners for long-range drones
Fedex Express has agreed with Silicon Valley-based Elroy Air to develop an autonomous drone. The purpose of the cooperation is to test Elroy Air's autonomous air cargo system within Fedex' logistics operations in USA. In a press release, Fedex said that the exponential... more
New electric vehicle for western Switzerland
Camion Transport (CT) continues to upgrade its fleet. The transport and logistics company, which is headquartered in Wil, Switzerland, recently added a DAF CF electric tractor unit from the Dutch manufacturer DAF Trucks to its zero-emission fleet. The handover took place in... more
CMA CGM kisses the bride
The rumours have proved to be true, accelerated by the war in Ukraine. CMA CGM Group is acquiring almost 100% of Gefco’s shares. The group, founded by the French car manufacturers PSA in 1949, is mainly active in automotive logistics. The request for regulatory approval is under... more
Major takeover in Southern African logistics
Two partners in Southern Africa have completed a major takeover in the African logistics industry. The African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund, and the Mokobela-Shataki consortium have acquired 100% of the shares of... more
For spare parts to China and Mexico
Imperial, a provider based in South Africa offering automotive and other logistics services, has been awarded a contract by BMW to manage the foreign supply centre (AVZ) at the Leipzig location in Germany. The project started on 1 April this year. From this location, the BMW... more
Fiege working on its Asian footprint
Fiege Group has acquired 100 % of the shares of World Fashion Logistics (WFL) and incorporated it into the group’s contract logistics business in Asia. WFL provides logistics services for e-commerce, retail, fashion and luxury brands in China, Hong Kong, Singapore, Australia... more
New healthcare facilities in Central Europe
UPS Healthcare has inaugurated a new 13,000 sqm warehouse for its hub near Budapest, Hungary. Offering a variety of cool chain environments to transport temperature-sensitive medicines and biologics, the USA-based CEP player has 37,000 sqm of dedicated healthcare space in the... more
A milestone for Dachser
2021 was a strong year for the Dachser group in financial terms as well. Consolidated revenues rose by 26% to EUR 7.1 billion, surpassing this threshold for the first time. Shipments and tonnage grew by 6.3%, or even 7.7% at group level. Road logistics, Dachser's core... more