Elite Partners Capital acquires warehouse in Poland 
Elite Partners Capital has acquired a warehouse in Mszczonow, Poland for more than EUR 30 million from a subsidiary of Singapore's sovereign wealth fund GIC. The transaction spearheads its build-up of a portfolio of specialised logistics assets in Europe to address... more
Segro expands
Segro has been granted the building permit to expand the storage and logistics area in the new Segro Logistics Park Oberhausen (North Rhine-Westphalia, Germany) by a further 48,000 sqm. The company has been developing the logistics park since 2019. When the extension is... more
Kerry Logistics: core net profit up 26% in H1
Kerry Logistics has announced the group’s interim results for the six months ended 30 June 2020. Revenue increased by 10% year-on-year to HKD 21.885 billion (EUR 2.372 billion). The core operating profit increased by 12% to HKD 1.489 billion (EUR 161 million) and the core... more
Supporting the Tour de France for 40 years
Last weekend, on 29 August 2020, XPO Logistics took to the roads of the Tour de France as official transport partner for the 40th consecutive year. A team of 68 XPO drivers will pilot 52 trucks for 3,479 km, moving over 420 t of cargo along the course. XPO is responsible for... more
Pet supplies retailer partners with Shippeo
The Fressnapf Group, one of Europe’s largest pet supplies retailers (EUR 2.3 billion turnover in FY 2019), has partnered with Shippeo, a European leader in real-time transportation visibility solutions, as part of the company’s ongoing digital transformation project. Now in... more
ESR delivers strong H1/2020 results 
ESR, an APAC focused logistics real estate platform, has announced its unaudited consolidated results for the six months ended 30 June 2020. The group recorded revenue of USD 198 million in H1/2020, up 26.9% from USD 156 million in H1/2019. Ebitda was USD 269 million, up... more
Rhenus Sports Tech expands cooperation with gym80
Rhenus Sports Tech is expanding its range of services to include Europe-wide transport operations and the assembly of fitness equipment as part of the gym80 anniversary celebrations. In doing so, the sports tech logistics specialist is supporting the German manufacturer of... more
Swiss Post hasn't benefited from pandemic
In the first half of 2020, Swiss Post generated a group profit of CHF 30 million, CHF 163 million less than in the prior-year period. The corona pandemic has had a significant financial impact on the company, with a negative effect of around CHF 120 million on the H1/2020... more
STI relies on Sixfold
The Duisburg (Germany)-based logistics company STI Freight Management continues to press ahead with the digitalisation of its transport solutions. Its endeavours are supported by a cooperation with Sixfold, whose platform provides customers with real-time information on... more
Optimised network with a new facility in Hesse
Pharmaceuticals and other sensitive and high-value goods can be sorted and transported through Germany more quickly, ecologically and economically in future. This is why trans-o-flex is celebrating the laying of the foundation stone for its new logistics centre in Driedorf,... more