Ebitda target is coming closer 
In 2018 Agility reported a net profit of KWD 81.1 million (USD 267 million), up 18.4% compared to 2017. Revenue for the year reached KWD 1.55 billion (USD 5.1 billion), and ebitda was KWD 154.8 million (USD 509.6 million), increases of 10.2% and 14.5%, respectively.... more
Gearing up for carnival
Carnival is one of the longest and most important holidays in Brazil. It is important that companies are prepared, as the event starts making an impact the week before the holiday. During that period fuel sales increase because many Brazilians travel to other cities and... more
Globaltruck Management augments fleet
Globaltruck Management, one of the largest FTL trucking companies in Russia, has tabled its operating results for full year 2018. As of 31 December 2018, the group’s truck fleet in operation totalled 1,363 vehicles, 223 trucks or 19.6% more units compared to 31 December... more
Cosco and Bolloré ink MoU
Cosco Shipping Lines and Bolloré Transport & Logistics have signed a strategic memorandum of understanding (MoU) in Shanghai. The two companies, partners for over 20 years, want to strengthen their commercial relations while exploring new opportunities for cooperation in... more
Toyo Tires renews contract with Fiege
The Japanese tyre maker, Toyo Tires, is extending its logistics contract with Fiege for several years. Fiege has already overseen the supply chain for Toyo Tires Europe in Germany and Austria since 2006. From 2011, Fiege began to supply the Benelux countries with Toyo tyres.... more
Descartes acquires Visual Compliance
Descartes Systems Group has completed its acquisition of the businesses run by the Management Systems Resources group of companies operating under the names “Visual Compliance,” “eCustoms” and “MSR” (collectively, “Visual Compliance”). The purchase cost approximately CAD 330... more
Havi to build new cold store
Havi, a provider of food service logistics, is expanding its nation-wide network by adding a location in Wunstorf, near Hanover (Germany). Over 200 employees will work in the new 15,000 sqm distribution centre, which will supply goods in various temperature ranges to firms in... more
Ensuring cool chain integrity with new conveyor system
Dematic is once again installing a fully automatic high-bay storage system in Agristo’s deep-freeze warehouse. The food specialist is expanding its site in Wielsbeke (Belgium), and has also mandated Dematic to integrate a modern transport system with eight pallet cranes and... more
Ryder launches trailblazing e-commerce solution
The logistics company Ryder System has launched a new e-commerce fulfilment solution. It enables manufacturers of small to large parcel goods across all industries to gain greater control over product selection, inventory management, pricing strategy, and customer service,... more
Kerry sets up Meat Lab in Hong Kong
Kerry Logistics and the Sutherland Company, a meat purveyor in Hong Kong and Macau, have founded a new joint venture named Meat Lab, Hong Kong’s first semi-automated meat processing plant. Meat Lab is unique in Hong Kong in terms of scale and extent of automation, as it... more