Bolloré receives billion-euro offer from MSC 
In December the Bolloré Group received an offer from the Geneva-based MSC Group to acquire its entire African logistics operations. The offer was submitted on the basis of a valuation (net of minority interests) of EUR 5.7 billion. Bolloré has granted MSC exclusivity until the... more
LF Logistics sold for USD 3.2 billion
Just before Christmas Copenhagen-based A.P. Moller-Maersk announced the acquisition of LF Logistics, a Hong Kong-based contract logistics company that specialises in omni-channel fulfilment services in the Asia-Pacific region. According to CEO Soren Skou the move represents... more
Swiss Post keeps on expanding
The next coups have been completed. On 1 January Swiss Post acquired the company Stella Brandenberger Transport, based in Pratteln near Basel (Switzerland). The family business employs almost 80 people and specialises in domestic transport for overseas containers. In addition,... more
Posti Group sells Russian investments
Posti Group has completed its divestment from companies forming the Itella Russia business group. The buyer is international logistics services provider Tablogix, which has been active in the Russian market since 1994. Posti sees its divestment of Itella Russia as a further... more
"A strong year for forwarders"
Transport Intelligence (TI), a consultancy located near Bristol (UK), expects 2021 to have been a brilliant year for freight forwarders. According to its analysis, the forwarding market is forecast to have grown by 12% in value compared to 2020. In terms of modes of transport,... more
Clipper Logistics grows in Europe
Leeds (UK)-based Clipper Logistics has reported its results for the first six months of its financial year which ended on 31 October 2021 (H1/FY 2022). While revenues increased significantly by 33.1% to GBP 406.1 million (EUR 476 million), the group's ebit surged 12.1% to GBP... more
Patrizia's latest coup aims at Maasvlakte
Patrizia, a German investor in global real assets, is acquiring a 233,000 sqm distribution centre from Dutch logistics developer DHG. Valued at EUR 230 million, the facility is located in the container hub Smartlog Maasvlakte in Rotterdam. The acquisition, which - according... more
New locations in Mainland China
Logistics services provider Rhenus has extended its presence in China by establishing a new branch in Zhuhai. The city is home to China's second-largest port and has been playing a major role in China's belt and road initiative since the Guangdong Pilot Free Trade Zone (GPFTZ)... more
Big retailer opens another hub in UK
Asos, an online retailer for fashion and textiles, currently operates fulfilment centres in Barnsley UK), Berlin (Germany) and Atlanta (GA, USA). A further distribution centre built by GMI has now come on stream at Fradley Park in Lichfield, UK. The 133,000 sqm facility is a... more
Ground breaking for Group 7's fifth site
The managers of the Munich-based freight forwarding company Group 7, members of the construction management and representatives of the general contractor have broken ground for a new logistics centre in Hamburg. After the hubs in Frankfurt, Munich-Parsdorf, at Munich... more