Takeover fortifies Rhenus Switzerland's results 
Rhenus Alpina’s sales in Switzerland leapt by 20% in 2020, despite the pandemic. Total revenues of CHF 410 million (CHF 341 million in 2019) were largely due to the integration of Interfracht’s activities into the group.The firm didn’t report its adjusted revenues, and doesn’t... more
Big in Poland
In Poland, CAT and the Polish subsidiary of the Mosolf Group have merged to form CAT Mosolf Polska (CMPL), which, with Gefco, makes them the largest competitors in car transport across Europe. The merger has already been approved by the relevant competition authorities and... more
Rebranding in Brazil
International project logistics management company Trans Global Projects Group (TGP), which is headquartered in UK, has renamed transport and logistics provider NPT Brasil (NPT). Part of the TGP Group since 2018, NPT will adopt the parent brand TGP. From now on, it will... more
Astre Association renews contract with Recoa
The Astre European Transporters Association has ratified its agreement with Recoa Collection, a company that specialises in the recovery of unpaid credits. In June 2020, three months after the outbreak of the pandemic, Astre reached an agreement with Recoa which became the... more
What Cargo Digital World has to offer
At a recent press conference, European general cargo cooperation Cargo Line presented Cargo Digital World (CDW), a company which was founded in Paderborn in January 2021. CDW’s aim is to offer technology-based logistics solutions in cooperation with logistics start-ups. ... more
Agility becomes DSV Panalpina
After acquiring the Inkas Group of companies in 2021, UTI Worldwide in 2015 and Switzerland-based Panalpina in 2018, Danish transport and logistics company DSV is taking over Agility Global Integrated Logistics (GIL). The transaction is valued at USD 4.2 billion (DKK 26... more
E-commerce: great expectations
Inspired by a recent report issued by Transport intelligence (Ti) on the global e-commerce logistics market, which grew by 27.3% in 2020 and is expected to hit EUR 557 billion by 2025, Simon Wong, CEO of the Hong-Kong-based U-Freight Group said: “E-commerce has been one of the... more
Geis contracts and improves
Germany-based Geis Group carried out a portfolio adjustment in 2020, but ended the financial year on a positive note. In 2020, the internationally active logistics service provider achieved net sales of just over EUR 1 billion. Managing partners Hans-Georg Geis and Wolfgang... more
Toll's Express brand to stay for two years
Toll Group is selling its global express business to Australian Allegro Funds, a private equity firm. The global express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New... more
Strong environment for K+N
Q1/2021 brought large profits for Kuehne + Nagel. Net turnover (CHF 6 billion), ebit (CHF 431 million) and a CHF 318 million profit in this quarter were all significantly above the levels of Q1/2020. The positive turnaround, which had already begun in the second half of 2020,... more