Gefco 's air & sea wins in 2020 
It is the pandemic paradox again. In 2020, Gefco experienced a 19.7% fall in revenues due to disruptions in customers’ businesses around the world, but maintained a 3.7% ebit margin, (4.3% in 2019). In total, Gefco's revenues in 2020 amounted to EUR 3.8 billion, a 19.7% decrease... more
TFI International digests UPS Freight
Montreal-headquartered TFI International has finally closed its previously announced acquisition of UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) divisions of US-player United Parcel Service. All regulatory authorities have given their green light.... more
Gruber grows near Milan
After opening a 50,000 sqm logistics hub in the Pavia area earlier this year, Gruber Logistics is further expanding its network with a new warehouse in Lainate, near Milan. It will be the main transhipment point for traffic to France and also serve the Lombardy hinterland.... more
Bolloré anchors in Strasbourg
Bolloré Logistics and Strasbourg Airport have joined forces to set up a logistics centre dedicated to the pharmaceutical industry on Skyparc, Strasbourg Airport's business park. The 10,000 sqm temperature-controlled warehouse, operated by Bolloré Logistics under its own... more
White paper on Brexit impact
In its white paper "What Post-Brexit Really Means for Businesses", DDC FPO, an USA-based provider of business process outsourcing (BPO) solutions for the freight industry, examines current short and mid-term effects of Brexit. In its outlook for the coming 12-18... more
To sunny times in Austria and Germany
Gebrüder Weiss (GW) is banking on solar power. The logistics group has built four new photovoltaic systems in southern Germany and Vorarlberg (Austria) to meet its electricity needs. The systems have been installed at the logistics terminals in Nuremberg, Esslingen, Aldingen... more
New York money for Texan freight forwarder
ATL Partners, an equity firm based in New York City, recently launched a funding round of about USD 300 million to invest in Austin (TX)-headquartered Arrive Logistics. The relatively young logistics firm, which was founded in 2014 and also runs an office in Chicago,... more
No surprises for UPS in first quarter
UPS reports consolidated revenue of USD 22.9 billion in the first quarter of 2021. This is a significant rise of 27% compared to Q1/2020. Consolidated average daily business volume grew 14.3% year-on-year. Consolidated operating profit clocked in at USD 2.8 billion, showing... more
Biggest location for DHL in Germany
Deutsche Post DHL is investing a low three-digit million euro sum into the expansion of its parcel centre in Aschheim (Germany). The new warehouse is being built adjacent to the existing facility. By connecting the two locations via a tunnel for trucks, the company will... more
