UPS issues new forecast 
UPS has put forward its 2023 financial targets. Consolidated revenues are expected to range between around USD 98 billion and USD 102 billion. The consolidated adjusted operating margin is planned to be in the 12.7% to 13.7% range. The cumulative capital spending from 2021–2023... more
Knight-Swift acquires UTXL
Phoenix-based Knight-Swift Transportation has bought all equity interests of Kansas City-based third-party logistics company UTXL for around USD 22.5 million. UTXL specialises in full truckload services in USA, Canada and Mexico. It generated over USD 100 million in... more
An Post tackled difficult 2020
An Post in Ireland has reported its results for 2020. Revenues grew by 2.6% to EUR 916.0 million, a rise of 2.6% over 2019 (EUR 892 million). A parcel boom with a growth rate of 100.0% was partially offset by a decline in letter volumes of 7% and trading declines in the post... more
25,000 solar panels for Burundi
Bolloré Logistics Portugal has transported more than 25,000 solar panels for the construction of a 7.5 megawatts (MW) renewable energy power plant in Burundi. The operation took place in several stages over a period of four months. A total of 150 teu containers were shipped... more
Automax contracts distributor in Iberia
The Spanish affiliate of Maxus, the Asian brand of the Saic Motor group and the seventh largest car manufacturer worldwide, has opted for Bergé Gefco to manage transport and logistics for its new range of commercial vehicles in Spain. The car manufacturer's distributor... more
K2 enters business in Norway
The Bergen (Norway)-based Peak Group, established in 2005, has launched its own project forwarding company, K2 Project Forwarding (K2), in a joint investment with the Deugro group. The unit will act as an independent project freight forwarder in Norway. “We aim to offer an... more
Logistics park finds new tenant
In Egelsbach (Germany), Frasers Property Industrial has secured online wholesaler TB International as a tenant. TB International is a B2B online wholesaler for urban textile products and accessories. The company has leased a warehouse and logistics hall with approximately... more
Rio de Janeiro: more intermodal services
ICTSI Rio has created a new company IRB Logística, to run logistics operations under the long-term lease of Floriano Intermodal Terminal in Barra Mansa, Rio de Janeiro. IRB Logística will take over the terminal operations from Multitex Logistica, starting on 1 July 2021. The... more
UK-Belgian partnership
The road division of British group Europa and Transuniverse Forwarding in Belgium are launching a new groupage partnership. Based in Wondelgem, Transuniverse, which has a turnover of GBP 72 million, Transuniverse provides road haulage services to 43 forwarding destinations in... more
Hellman builds warehouse at Auckland Airport
Down under, Hellmann has launched a EUR 28 million lease and development investment with Auckland Airport to build a 19,200 sqm warehouse for manufacturer Techtronic Industries (TTI). The complex is commissioned to be operative in July this year. The 16,000 sqm ambient... more