Verdion launches iPort Phase 2 with new warehouse deal 
Pan-European logistics provider Verdion has launched the second phase of its iPort logistics hub in Doncaster (UK) by leasing 68,000 sqm to an online retailer. Set to be complete in Q2/2020, the new warehouse will be the first building to start on site on the 1,210,000 sqm... more
Loxxter introduces new cloud solution
At the Transport Logistic exhibition in Munich (Germany), the Munich-based start-up Loxxter presents its cloud solution for an automated control and optimisation of freight costs for the first time. The company’s main target customers are medium-sized shippers and... more
BTK doubles its capacities
BTK is expanding its logistics areas at its location in Raubling (Bavaria, Germany). In the middle of July 2019 and after nine months construction period, the general contractor Goldbeck will hand over the multi-user hall to BTK on schedule. The new facility is 10 m high and... more
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