FM Logistic banks on renewables 
French logistics service provider FM Logistic has started to use electricity from renewable sources in its own warehouses in central Europe, signing renewable energy contracts with Poland's power group PGE and Czechia's utility Pražská Energetika. In Poland, PGE will supply... more
Switzerland joins ICS2
Switzerland will participate in the European Union's Import Control System 2 (ICS2). Customs data that are mainly generated in online trade will already be transmitted from the country of origin when the goods are shipped. This allows the Federal Customs Administration (FCA) to... more
How Agility weathered 2020
Kuwait-headquartered logistics group Agility has reported its results for 2020. While revenues for the year went up by 2.7% and reached KWD 1.6 billion (USD 5.3 billion), net profit declined by a significant 52.1% to KWD 41.6 million (USD 137.7 million). Ebitda, in turn, lost... more
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
