ESR grows in its core markets 
ESR, an APAC focused logistics real estate platform, has announced its results for the financial year 2019. The group recorded revenue of USD 357.4 million in FY 2019, up 40.6% from USD 254.1 million in FY 2018. Net profit was USD 245.2 million, representing 20.8% growth from... more
Pandemic hits Austrian logistics companies hard
The Austrian Zentralverband Spedition & Logistik (central association for forwarding & logistics) calls on the Austrian government to take measures to maintain European supply chains. One of the main demands is the installation of a system of information between the... more
Geodis expands air and rail capacities
Geodis is responding to the capacity bottlenecks caused by Covid-19 with a comprehensive expansion of its existing services. For instance, the company will provide new charter flights between Europe, Asia, USA and Latin America as well as alternative transport options per rail.... more
Yusen acquires additional shares of AB Logistics
Yusen Logistics Thailand announces will acquire additional shares of AB Logistics of the Ajinomoto Group and make it a subsidiary on 1 April. Accordingly, the company name will also be changed from ABLT to Yusen Food Supply Chain (Thailand). Yusen Logistics Thailand will... more
Timocom: quick response in difficult circumstances
In this time of crisis, Timocom is expanding the means of access to its logistics system. “We want to contribute to ensuring the supply of the population and the maintenance of supply chains even under the current exceptional conditions,” says Timocom’s managing director Tim... more
Fiata appeals to forwarders and governments
Fiata, the international federation of freight forwarders associations, has voiced its concern as to the impact of the current coronavirus crisis on the movement of goods. It requests to relax a variety of monopolistic positions held by governmental and non-governmental entities... more
Winsped dangerous goods centre: more data
LIS (Logistische Informationssysteme) has further extended the Winsped module dangerous goods centre (GGC): effective immediately, the application also displays the transport status defined in the “European agreement concerning the international carriage of goods by road” and... more
ESR closes USD 250 million unsecured term loan
ESR, the large Asia Pacific focused logistics real estate platform, has entered into a new facility agreement for a USD 250 million three-year unsecured term loan facility with prominent international banks at a rate of Libor plus 3%, which was drawn down in full in March 2020... more
Active logistics relies on JITpay
As the first provider of transport management systems, active logistics has now integrated the accounting module developed by JITpay digital into its systems. This tool simplifies and speeds up so-called factoring between senders and forwarders and between senders and transport... more
P3 Logistic Parks develops new park for Amazon
From March 2020, a new distribution centre for Amazon will be built in Lengede near Braunschweig (Germany). P3 Logistic Parks has signed a long-term lease with the online retailer. Packages arriving from Amazon's logistics and sorting centres will be picked up by delivery... more