USD 31.3 million net income for Descartes 
The Descartes Systems Group has announced its financial results for the full fiscal year ended January 31, 2019. Revenues were up 16% to USD 275.2 million, compared to USD 237.4 million in the previous fiscal year. Income from operations amounted to USD 41.4 million, up 15%... more
Panalpina signals its strengths 
The IT platform is paying off, the airfreight division is growing and the sea freight unit achieving the turnaround. The Swiss logistics company had a good last year. The uncertainties and disturbances in the wings seem to be boosting day-to-day business. It remains to be seen... more
Three new logistics parks by 2020
Panattoni Europe, an industrial and logistics property developer, is to build three new logistics parks in Germany by 2020, in response to demand for more space. Construction work will start at Kaltenkirchen, near Hamburg, Schwanewede, north of Bremen, and Wörrstadt, near... more
Continental Cargo Carriers relocates UK team
The specialist part and full load operator, Continental Cargo Carriers (CCC), has completed the relocation of its Ramsgate sales and operations team to Dartford (both UK). The move was the first of a series of developments the business is announcing following its acquisition... more
Swiss Post suffering
2018 was full of woes for Swiss Post. The service provider was forced to repay more than CHF 200 million to the confederation and cantons for unlawfully subsidised public bus services. In addition, the Postfinance (bank) ebit shrank by more than 50%. The 2018 group revenue... more
Cats ‘n’ dogs reign in Spain
From its multi-client centre in Guadalajara XPO Logistics manages all of the logistics needs in Spain and Portugal of Zooplus, an online German pet supplies retailer. The Munich-based company is growing rapidly on the Iberian Peninsula. more
Ntex builds up its trade with France
The Swedish logistics services provider Ntex has taken over France Sped, a forwarder headquartered in Gothenburg that specialises in transport services to France and Belgium, a segment Ntex would like to expand. France Sped was founded in 1990, has seven employees and... more
Neutral Air Partners joins forces with Priority Freight
By appointing the Priority Freight group as its European partner in 2019, Neutral Air Partners (NAP) improves its members’ access to time-sensitive logistics solutions for the automotive market. Neutral Air Partners, headed by Christos Spyrou, has developed a global network... more
Good year for Logwin from Luxembourg
The Logwin Group increased its revenue to EUR 1.15 billion in 2018 (2017: EUR 1.12 billion) due to a favourable business development and concluded the fiscal year 2018 with a substantially higher operating result (ebita) of EUR 49.2 million (2017: EUR 38.1 million). The... more
C.H. Robinson acquires Space Cargo Group
C.H. Robinson has expanded its global network with the acquisition of The Space Cargo Group. The latter is a provider of international freight forwarding, customs brokerage, and other logistics services in Spain and Colombia. C.H. Robinson purchased Space Cargo for approximately... more