Beacon closes USD 15 million fundraising round 
London (UK)-based Beacon, a next generation freight forwarding and supply chain finance company, has raised over USD 15 million in its series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and the American venture capital firm 8VC.... more
Boosting digitalisation with own IT firm
Russian FTL-trucking company Globaltruck has created an IT company within the group. “Global Truck Information Technology” is designed to enhance the digitalisation of business processes and accelerate the implementation of the group’s plans to develop new services and build... more
Gefco restructures air & sea business
Gefco’s air & sea business has announced a new leadership and a reorganisation in three key sectors: industry, automotive and life science/healthcare. Since February, executive vice president Paul-Henri Fréret has been leading Gefco’s air & sea division. In May,... more
Space for more influx to the Port of Hamburg
The controversial deepening of the Elbe, key to paving the way for the mega vessels' way to the Port of Hamburg, has cleared the last legal hurdle in Germany. The federal administrative court in Leipzig rejected the lawsuit lodged by environmentalists against the supplemented... more
Wabco is now part of ZF
Now that all official approvals have been granted, ZF Friedrichshafen has completed the acquisition of Wabco, a supplier of commercial vehicles. Wabco's shares, which were before listed on the New York stock exchange, were withdrawn from the stock exchange market with immediate... more
Priority Freight hires general manager in Frankfurt
Priority Freight, a time-critical logistics specialist, has further expanded its operations in Europe by opening new premises at Frankfurt airport. The new office, which began operations just before the Covid-19 pandemic, is headed up by Marco Sauer. Sauer joins Priority... more
Merchant fleet officer shortage imminent?
The already existing shortage of officers to crew the global merchant fleet is getting worse. According to the latest manning annual review and forecast report published by the London (UK)-based shipping consultancy Drewry, the reduced attractiveness of a career at sea and... more
E-truck reduces CO2 emissions
Infineon Technologies is taking a further step towards CO2 neutrality by focusing on electric mobility for logistics solutions. Just in time for the international day of the environment (05.06.), an electric truck will enter regular service at the company's branch in Regensburg... more
VTG acquires majority stake in Slovakian carrier
Under an agreement signed in February 2020 and with the approval now received from the relevant antitrust authorities, VTG Rail Logistics has taken over the majority stake of the Slovakian railway company Carbo Rail. With immediate effect, Hamburg (Germany)-based VTG takes... more
Geis breaks billion euro record
The Geis Group ended the last financial year with a new turnover record: in 2019, the international logistics services provider generated a net turnover of EUR 1,038 billion, surpassing the billion euro mark for the first time and exceeding 2018's result by 9.5%.... more