100% of ICT Logistics transferred 
It is a Danes-only transaction with an international focus: ferry operator DFDS is acquiring all the shares of Danish freight forwarder ICT Logistics. Since 2006, DFDS has owned 19.9% of the shares in ICT Logistics, which prvides transport solutions between Scandinavia and... more
A warehouse for a dozen countries
The shipper paves the way: Diageo, a major alcoholic beverage player worldwide and owner of brands such as Johnnie Walker, Captain Morgan, Baileys, Guinness, and FM Logistic have opened a new tax warehouse in Dudestii Noi, Timisoara County, in Romania. Around 12.6 million litres... more
How young Hyperloop teams made it in Vegas
People do not go to Las Vegas only to get married. It was a tight race, and only two got through. The “Swissloop Tunnelling” research team from the Swiss Federal Institute of Technology (ETH) in Zurich was one of only two teams from the final twelve teams to qualify to complete... more
Who brings Mexican tuna to USA?
Mexico’s Grupomar has contracted a new logistics service provider to bring its ‘Tuny’ branded canned tuna products to the United States. Grupomar is one of Mexico’s major producers of canned tuna and introduced its ‘Tuny’ brand in the 1990s. Dachser México now manages export... more
Logistics hub in strategic location
French logistics group Geodis is building a new 130,000 sqm logistics hub in the Netherlands. To this end, the group is acquiring 215,000 sqm of land at Trade Port Noord from Greenport Venlo. The logistics facility will comprise a 130,000 sqm contract logistics site... more
More warehouse space in Northern Germany
Logistics group Cargo-partner, which is headquartered in Fischamend near Vienna, is expanding its portfolio in northern Germany. The opening of a new logistics site 70 km southwest of Hamburg increases the network's capacity by 10,000 sqm. The new location will serve... more
Echo Logistics is sold
Echo Global Logistics, founded in 2005, has inked an agreement to be taken over by funds managed by the private equity firm "The Jordan Company" (TJC). The transaction is valued at approximately USD 1.3 billion. Headquartered in Chicago with more than 30 offices in... more
Chinese licence for Ruscon
Russian logistics operator Ruscon's representative office in Shanghai has received an NVOCC (non-vessel operating common carrier) licence from the ministry of transport and communication of the People's Republic of China. With this licence, Ruscon, which was founded in 2008,... more
UPS invests in Great Britain
UPS is continuing its strategic expansion in UK. The company has just opened an expanded air hub at East Midlands Airport (EMA). The extended hub now covers 36,000 sqm and is equipped with automated scanning and sortation systems. The USD 190 million investment allows the... more
Scan Global goes New Zealand
New Zealand freight forwarder Orbis Global Logistics was the next on the list of its North European competitor Scan Global Logistics. On 5 October, Orbis' shares will change hands. Financial details were not disclosed. With this takeover, SGL will significantly strengthen... more