Project 44 knighted by Goldman Sachs 
Project 44 has found new investors. The seven-year-old Chicago-based company raised USD 202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Players from the sector like Girteka and Lineage Logistics also participated in the... more
FM Logistic catching up
FM Logistic, a French logistics Group founded in 1967, has reported its results for the 2020 financial year. Turnover, at EUR 1,4 billion, declined by 3.6% compared to the previous year. Besides the economic slowdown caused by Covid-19 in spring 2020, an unfavourable... more
Charles Morgan joins network
Charles Morgan Transport has joined the Fortec Distribution - and thus the Pall-Ex Group - as a shareholder member. After setting up his business at the age of just 17, Charles Morgan incorporated his own business in 2016. Based in the village of Full Sutton, Yorkshire,... more
Hansetrans goes digital
Hanseatische Transportgesellschaft, a subsidiary of the Hansetrans group of companies, integrates digital solutions. Prices for any consignments can be called up on the homepage and orders including all required additional services can be booked directly. Users may also order... more
More logistics at Llubljana's airport
Cargo-partner is expanding its warehouse capacities in Brnik near Slovenia's Ljubljana Airport. Now that the warehouse opened in 2019 has reached its full capacity, this expansion, which was originally planned between 2024 and 2026, will start in 2022. In its final stage,... more
Cargo Sous Terrain rolls on
The Council of States, the second chamber of the Swiss Parliament, has unanimously approved the federal underground freight transport act, which gives the Cargo sous terrain (CST) underground transport system the legal basis to implement the project within a secure framework.... more
Symphony Group with a new site
A new 101,500 sqm production warehouse is to be developed by GMI Construction in UK. The building is for the Symphony Group, a British manufacturer of fitted kitchens and bedroom and bathroom furniture. The facility is coming up at Symphony headquarters in Barnsley (South... more
Gebrüder Weiss enhances Bulgarian position
Rhenus has decided to quit the road haulage business in Bulgaria and hand its activities over to the Gebrüder Weiss logistics group (GW), which has been active in Bulgaria since 1993. The acquisition includes facilities in Sofia, Burgas, Svilengrad, Varna and Plovdiv. The... more
More money for Sennder
The digital road forwarder Sennder, based in Berlin (Germany), raised USD 80 million through the second closing of its series D funding round. Thus the total size of the round, including the first close in January, amounts to USD 240 million. All in all Sennder has raised a... more
Re-branding in the North
In 2019 Bolloré Logistics took a majority stake in the Swedish company Global Freight Solutions and in its Finnish affiliate. The forwarder G-Solutions, which has operated under the Global Freight Solutions (G-Solutions) name so far, will now use the Bolloré Logistics brand with... more