Pall-Ex prepares for high season 
The palletised freight distribution network Pall-Ex is increasing its East Midlands hub capacity. The logistics group has opened a new 7,000 sqm facility at Watling Park, Northamptonshire, as it handles an additional 3,000 pallets per night, compared to 2019 freight volumes.... more
ESR's latest facility investment
Hong Kong-based ESR Cayman, a major Apac-focused logistics real estate platform, has closed a new facility agreement. The investment amounts to about JPY 15 billion (USD 143 million) for a three-year unsecured term loan facility with an upsize option to JPY 20 billion in the... more
Echo Logistics remains optimistic
Chicago (IL, USA)-headquartered Echo Global Logistics has reported its financial results for Q3/2020. Revenue rose by 23.2% to USD 691.5 million while net revenue increased by 3.6% to USD 100.4 million compared to Q3/2019. FTL volumes grew 13.6% from Q3/2019, and TL revenue... more
Digitisation by Samskip Logistics
Rotterdam (the Netherlands)-based Samskip Logistics, which was founded in Iceland in 1990, has introduced its global forwarding customer portal that will have special significance for reefer and other specialised cargo shippers contributing around three quarters of its volumes,... more
Netherlands weather things well 
Even though goods transport has only been affected indirectly by the pandemic, it nevertheless had to battle many demand problems and correspondingly lower volumes. The sector’s situation in the Netherlands, a classic transport and logistics country, was a bit different,... more
Freja partners with SDK
It is one of the major conglomerates since Queen Margret founded the Kalmar union. Pending approval by the relevant competition authorities, the Danish group SDK will become a 75% shareholder in a newly merged company with Danish Freja. The remaining 25% ownership will be held... more
To Russia with love
Austrian logistics group Gebrüder Weiss (GW) launches a new weekly scheduled service between Vienna and Moscow, effective immediately. It is the company's second regular direct connection to the Russian capital in order to expand its groupage freight services to Russia. The... more
Europa Showfreight's new contract
The event logistics division "Europa Showfreight" of British freight forwarder Europa Worldwide has contracted a substantial piece of new business, despite the ongoing challenges the exhibition industry is facing. Europa Showfreight has been appointed by Prysm Group, a... more
UPS performs as expected
For Q3/2020, Atlanta (GA)-based UPS reported revenues of USD 21.2 billion, a 15.9% increase compared to Q3/2019. For the first nine months of 2020, consolidated average daily volume increased by 13.5% in comparison to the same period in 2019. Net income amounted to USD 2.0... more
Shopify Canada in the black with record Q3
The wave of e-commerce has also advanced the business of Shopify, a proprietary e-commerce platform for online stores and retail point-of-sale systems. In Q3/2020, the Ottawa-based company, which keeps its books in USD currency, posted revenues of USD 767.4 million, a... more