Gefco celebrates 10th anniversary of Chinese subsidiary 
Present in fifteen cities with 1,300 employees, Gefco China and its two Chinese joint-ventures Dong Feng Gefco and Shenzhen Minsheng Gefco Logistics (SMGL) expect to increase revenues by a minimum 40% in 2021, anticipating growing demand for next-generation automotive logistics... more
Swiss Takeover Board rules on Panalpina
After DSV published a public exchange offer for all publicly held registered shares of Panalpina, the Basel-based company filed various requests with the Swiss Takeover Board. The Takeover Board's decision reads as follows: Request no. 1 is partially granted: cover... more
Investing in warehousing in Australia
The Australian property firm GPT has purchased five logistics properties in Sydney for AUD 212 million (around USD 146 million), and also started a new development in western Melbourne.The Sydney assets have a lettable area of more than 88,000 sqm, a combined weighted average... more
Rhenus and E-Dentic develop new loading solution
The Rhenus Group has collaborated with the French start-up E-Dentic to develop a solution at its logistics centre in Rade, near Hamburg (Germany), to make loading procedures safer and more transparent through Bluetooth devices and video cameras, thus ensuring 100% shipping... more
K+N issues inaugural bonds for CHF 400 million
Kuehne + Nagel International has issued two inaugural bonds, as part of its ordinary financing efforts. The proceeds of the bonds will be used for general corporate purposes.The first CHF 200 million bond has a fixed coupon of 0.02% and a tenor of three years and five months,... more
Night Star Express enhances infrastructure
Night Star Express has installed new conveyor equipment at its hub in Hünfeld (Germany). Among other advantages, the belt system significantly improves ergonomics and increases occupational safety. The flow of more than 11,000 packaging units per night was simplified and... more
Swiss Post sees profit dwindle
Swiss Post achieved a lower result in Q1/2019 than a year earlier. The mail service provider’s Q1/2019 consolidated net profit amounted to CHF 130 million, CHF 17 million lower than in Q1/2018. Ebit came in at CHF 172 million, CHF 35 million lower than in Q1/2018. The... more
Kale Logistics Solutions joins Pan Asia Alliance
Kale Logistics Solutions, a global IT logistics partner, recently joined the Pan Asia Alliance (PAA) to foster trade facilitation and digitalisation in Asia. Kale Logistics is the only Indian company with this distinction. The PAA was founded in July 2000 by four companies... more
That special difference 
Nova Traffic offers its customers ‘the fine art of logistics – made in Switzerland’. Daniel Stein, the managing director of the company founded in 1982, invited ITJ editor Andreas Haug to its headquarters in Kloten, near Zurich airport, to explain what this means. more
Garbe Industrial Real Estate expands logistics location
Garbe Industrial Real Estate is expanding its location in Witten (Germany). A logistics centre with a 22,000 sqm hall is currently being built on an almost 75,000 sqm tract of land in the Brauckstrasse industrial estate. Completion is scheduled for October 2019. The... more