Ceva Logistics narrows losses 
In its consolidated results for 2020, Ceva Logistics, the logistics arm of CMA CGM, shows an 4.1% increase in revenue to USD 7.4 billion and an operating income of USD 135.0 million, four times more than the USD 31 million in the prior year. Losses for the period narrowed to... more
Formula I renews logistics contract
Shortly before the start of the new FIA Formula 1 World Championship, the Formula 1 organisation has renewed its contract with DHL. DHL, which has been on board since 2004, will thus remain Formula 1's official logistics partner for the next few years and continue to transport... more
Kwik Delivery expands in Nigeria
Lagos-headquartered Kwik Delivery has officially launched its just-in-time delivery service in Nigeria's capital Abuja. Launched in 2019, Kwik Delivery is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters.... more
A lot of money for Lineage Logistics
Lineage Logistics, a major player in temperature-controlled logistics since 2008, has raised USD 1.9 billion in equity from new and existing strategic partners for investments in facilities and technologies. Among the investors are Bentall Green Oak, D1 Capital Partners,... more
More time for industry in UK
The British International Freight Association (Bifa) does not overestimate the extension of the border operating model deadlines in UK till the year 2022. "It’s no surprise that the government has extended the deadline for the introduction of checks and customs... more
Stef Group hit hard by Covid-19
The pandemic inflicted heavy casualties on the Stef Group, a European provider of temperature-controlled transport and logistics services for food products. 2020's annual results saw operating income contracting by 28% to EUR 117 million compared to EUR 162.9 million in... more
Well prepared 
The Munich-based logistician has recorded increasing demand for warehouse space and handling in the airfreight and parcels segments. Brexit brought in some new clients. more
Ready for e-commerce?
The e-commerce-boom opens up new opportunities, but are companies ready to seize them? Geodis and Accenture have jointly developed a methodological approach to measure the level of e-commerce readiness in cooperation with 200 companies. The new kid on the block is called... more
Swiss Post against the trend
Swiss Post is clearly in the black in 2020, but does not benefit from the parcel boom as much as other postal organisations in Europe. Revenue fell significantly year-on-year from CHF 450 million to CHF 272 million (-40%), which was partly due to the decline in letter volumes... more
Roll-out starts in Madrid
As part of its digitalisation strategy, Deugro, a project freight forwarder, has begun implementing cargowise, an integrated logistics execution platform developed by Wise Tech Global. Starting with the company’s branch in Madrid, the software will be employed in all branches... more