A strong 2021 for J.B. Hunt 
The USA-based group J.B. Hunt has reported its figures for 2021. Revenue grew by significant 26%, amounting to USD 12.17 billion, while operating income increased by 47% to almost USD 1.05 billion. All segments contributed to the revenue growth versus the prior year period.... more
Raising funds for development in Vietnam
After entering the Vietnam market in 2020 through a strategic joint venture with SLP Singapore and Ho Chi Minh City, real estate developer GLP has now set up the GLP Vietnam Development Partners I (GLP VDP I) with an investment capacity of USD 1.1 billion. The fund has... more
Dedicated warehouse in Malaysia
A new chemical and dangerous goods warehouse has come on stream in Port Klang, Malaysia. Leschaco recently opened the facility that has a floor space of 36,500 sqm on two levels in which up to 13,000 pallets of chemical products and hazardous materials can be stored.... more
Big money for fresh disruptors
Venture fund Dutch Founders has launched its second fund, providing more than EUR 62 million (USD 70 million) to early-stage marketplaces and so-called marketplace enablers. The group, which was founded in 2019 by We Transfer, Treatwell, Just Eat, Hiber and fonQ, joins the... more
Ceva to manage warehouse near Wroclaw
Ceva Logistics continues to expand its global e-commerce business: the company has just won a five-year contract with "About You", a European fashion platform. Ceva Logistics will manage a new 40,000-sqm fulfilment operation in Wroclaw-Magnice, Poland.... more
More development near Duisburg
Garbe Industrial Real Estate has acquired a 56,000 sqm of land in the Meiderich district of Duisburg (North Rhine-Westphalia, Germany). The plot will be used for a new multi-user park covering a floor space of 29,000 sqm. Construction is scheduled to begin in the middle of this... more
B&H World augments OBC offering
Onboard courier (OBC) services are thriving as a result of cargo capacity constraints due to the ongoing reduction in global flights. B&H Worldwide, an aerospace logistics specialist, says that customers are turning to OBC as a reliable means of delivering their time... more
Posti fishing in Swedish waters
The Finnish Posti Group Corporation recently acquired the Swedish company Veddestagruppen, which is majority-owned by PEQ Invest and members of the company management. The Posti Group, which recently sold its Russian affiliates, is now expanding in Scandinavia, amongst others.... more
GDP for pharmaceuticals facility in Brussels
Nippon Express (Belgium) has gained good distribution practice (GDP) certification for air and ground forwarding operations, inclusive of inventory control, at its facility in Brussels Airport’s cargo area. Belgium has become a hub for pharmaceutical manufacturing and Nippon... more
An American-European software marriage
The US-American company Four Kites has acquired NIC-place, a European supply chain visibility provider. With its own data control centre (DCC), NIC-place offers carriers ways to share supply chain data with customers and keep complete control of their business, their networks... more