VW following in BMW’s tracks 
Johor is an attractive region for German vehicle makers to do business. Four years ago BMW entered the scene; now Volkswagen has followed suit and set up a distribution centre in Malaysia’s southern-most state. It will serve 21 national markets from there. more
Aramex makes the day 
Dubai-based CEP provider Aramex has reported its financial results for 2020. The revenues for the year amounted to AED 5.51 billion (USD 1.49 billion) a surge of 9% compared to 2019. The booming e-commerce activities left their mark over the year. Aramex’s international... more
Uneasy times for XPO Logistics
Greenwich (USA)-headquartered XPO Logistics has reported for the full year 2020. The company generated revenues of USD 16.25 billion, a slight loss compared to the USD 16.65 billion in 2019 (-2,5%). Operating income went down significantly to USD 391 million from USD 821 in... more
Scallog goes Brazil
Scallog, a supplier of logistics robots based in France, has formed a commercial partnership with the Brazilian company Cubicc, an integrator in picking and packing solutions. Cubicc will market Scallog’s goods-to-person robotic solutions in Brazil and more widely in South... more
10th country joins WLP
The World Logistics Passport (WLP), a policy initiative launched by the state of Dubai in 2019 to increase trading opportunities between emerging markets, has welcomed Israel as a participant in the programme. As the tenth country to enter the WLP, whose trade strategy and... more
First office in Manchester
At the beginning of 2021, Austria-based cargo-partner expanded its global network into the UK by opening its first British office in Manchester. This follows an investment in the local partner company Aztek International, which was founded in 2008. Cargo-partner now holds a... more
Where UK traffic is growing
In January 2020, Munich-based logistics services provider Group 7 generated a significant 40% increase in turnover in its truck transports between Germany and UK compared to the previous year. Since its foundation in 2006, the company’s portfolio has included general cargo, as... more
Woodland joins iPort
A new fulfilment and distribution facility has come on stream in Doncaster, Yorkshire, UK. Woodland Group, a British logistics company with offices across the USA, Ireland, Asia and Europe, has opened the warehouse due to new business won in the packaging industry. The group... more
Chinese companies plan big takeover
SF (Shun Feng) Holding, which is listed on the Shenzen stock exchange, is offering to buy a 51.5% stake in Kerry Logistics Network, Hong Kong. The cash offer involves more than 931 million shares costing HKD 18.80 (USD 0.56) per share. In conjunction with the offer, Kerry... more
DSV benefits from 2020
If a company is pushing a share buyback programme, its war chest is full. That is the case of the Danish DSV, which has reported its annual results for 2020. Revenues for the full year amounted to almost DKK 116 billion (EUR 15.46 billion), a significant rise of 18.3%... more