Baxter Freight on the rise 
In its recently published mid-year financial results, Nottingham-based logistics firm Baxter Freight reports that its figures are on a record mark, despite the effects of Covid-19 and Brexit. Turnover saw a big leap forward, rising from GBP 7.7 million in H1/2020 to GBP... more
To Russia with love
It is Maersk's first time in Russia. The Danish carrier's logistics arm has opened an inland container depot in Southern Russia. It is located 10 km from the port Novorossiysk, the largest port on the Black Sea. The site is connected by rail and highways to major industrial... more
An acquisition in Japan
M&G Real Estate Asia (M&G) has acquired a stake in the Singapore-based joint venture which owns the ESR Yatomi Distribution Centre (ESR Yatomi DC) in Japan on behalf of M&G Asia Property Fund. The ESR Cayman Limited (ESR)'s APAC core direct real estate fund has... more
New warehouse close to Vienna
The construction of a new logistics facility in Austria's Burgenland is now underway. The property with 31,500 sqm of hall space is being built in the Müllendorf Business Park, 55 km south of Vienna. The new building is scheduled for completion in Q1/2022. The Hamburg-based... more
CMA CGM banks on development in Indonesia
The CMA CGM Group has launched its fourth container depot in Indonesia. The site in Cakung, East Jakarta, covers a surface of 35 000 sqm and has an operating capacity of more than 4,000 teu. Indonesia exports paper and rubber as well as manufactured garments, footwear and... more
Mixed results for ZTO Express
Shanghai-headquartered ZTO Express (Cayman) has released its financial results for Q2/2021. Parcel volume amounted to 5.8. billion, a 25.6% increase compared to Q2/2020 (4.6 billion). Revenues grew by 14.4% to RMB 7.3 billion (USD 1.1 billion), recording an uptick of 14.4% (RMB... more
Not Lewis & Clarke, but Lewis & Clipper
Retailer John Lewis & Partners has contracted Leeds-based Clipper Logistics to provide further e-commerce and logistics services for points of sale in UK. The services are based in Clipper's new distribution centre in Bardon, near Leicester. The logistics company already... more
Hornbach chooses Panattoni development
Do-it-yourself chain Hornbach Baumarkt has signed a contract to lease Panattoni Park Speyer, a logistics property located in Rhineland-Palatinate, Germany. The facility will be handed over to the new tenant in November this year. Based in Bornheim (near Landau,... more
JAS Worldwide targets Nordic countries
Freight forwarding services provider JAS Worldwide, which is based in Atlanta, Georgia (USA), is acquiring Greencarrier Freight Services International, the freight forwarding, logistics and supply chain management division of Greencarrier Group. The company is headquartered... more
Good results for ESR
APAC focused logistics real estate platform ESR Cayman Limited (ESR) has released its results for the six months from January till June 2021. Revenues in H1/2021 amounted to USD 177.7 million, up 24.7% from the same period a year earlier (USD 142.4 million). Ebitda... more