BUD Cargo City gains another lessee 
The Austrian logistics services provider cargo-partner will lease facilities at BUD Cargo City, the forwarding hub at Budapest airport, which will open at the end of 2019. The hub will comprise 7,500 sqm of storage space as well as offices. The airport is investing EUR 32.6... more
Ceva cuts debts and raises revenue
Ceva Logistics has reported its results for Q4/2018 and full year 2018. Revenue rose to USD 7.35 billion in 2018, 5.2% more compared to the previous year. The group’s ebitda was USD 198 million in 2018 with an ebitda margin of 2.7%. Net debt was down to USD 1.19 billion as... more
K+N banks on improvements via eTouch up to 2022
The strategy of the forwarding & logistics giant Kuehne+Nagel (K+N) remains multifold, as CEO Detlef Trefzger and CFO Markus Blanka-Graff pointed out during the company's annual press conference in Schindellegi (Switzerland). The 2018 turnover came in at just below the... more
Exports in the front row 
State-owned CP sold its railfreight subsidiary CP Carga to MSC in 2015; great criticism followed in 2016, when the firm was renamed Medlog, or Medway in Portugal. The reinvigorated entity is now investing massively in Vila Nova de Famalicão. more
DHL building new parcel centre near Berlin
The Deutsche Post DHL Group is building a new parcel centre in Ludwigsfelde, to the south of Berlin. The 37,000 sqm facility will be equipped with innovative sorting technology so that up to 50,000 packets and parcels per hour can be processed by mid-2021. The site – the... more
Bigger premises for Tigers in Miami
The supply chain specialist, Tigers USA, has moved its Miami USA team into a new, larger facility to strengthen its focus on the Latin American region, and meet growing global e-commerce demands. The new Florida-based purpose-built 3,170 sqm facility, which will be led by... more
Panalpina to hold extraordinary general meeting
Panalpina has been requested by its shareholder Ernst Göhner Foundation (EGF) to implement the one share – one vote standard at an extraordinary shareholders' meeting to be held prior to the annual general meeting. The EGH would like to amend the articles of association of... more
Acito Logistics wins new customer
Acito Logistics has won another customer from the automotive sector. The logistics company from Weil am Rhein (Germany), located close to the German-Swiss frontier, will be responsible for the customer’s warehouse logistics and the supply of materials for production logistics by... more
Symbia acquires iD Commerce + Logistics
Symbia Logistics, a Colorado-based warehousing, logistics and e-commerce fulfilment company has recently acquired Chicago-based iD Commerce + Logistics (IDC), a leader in third-party logistics and e-commerce fulfilment. “This is a strategic acquisition not only to broaden... more
Kerry Logistics introduces IoT solution
Kerry Logistics is putting the internet of things (IoT) into practice in international shipments with the introduction of a smart sensor that enables total supply chain visibility and security measures. With this new product, Kerry can supply customers with timely and useful... more