Gebrüder Weiss positive about growth despite revenue slip
The international transport and logistics company Gebrüder Weiss remains positive about its growth despite the slip in revenue from €3 Billion in 2022 to €2.47 Billion in fiscal year 2023. The company said that despite...Read more
Kerry Logistics acquires French freight forwarder BBA
AcquisitionsKerry Logistics Network (KLN) has acquired a majority stake in a French freight forwarder Business By Air (BBA) strengthening its position in the EMEA region. Furthermore, the company said the acquisition strengthens its international freight...Read more
Scan Global Logistics eyes larger stake in Africa’s markets
Scan Global Logistics (SGL) has set its sights on a better position in the African markets by opening its second office in Kenya. The company has established a presence in the coastal city of Mombasa,...Read more
CMA CGM cleared to acquire compatriot freight forwarder Bolloré Logistics
Shipping major, CMA CGM, has received the approval of the European Commission for its proposed acquisition of compatriot freight forwarder Bolloré Logistics. However, during the investigation the commission found that the merger would have reduced...Read more
Casper Group acquires compatriot freight forwarder
AcquisitionCasper Group, which is the UK’s leading independent maritime services company, has recently acquired Johnson Partners, a specialist freight forwarder. Johnson Partners specialises in handling abnormal loads, project cargoes, and out-of-gauge cargoes. This acquisition is...Read more
Freight forwarder Unsworth names Thomas Kuehn as new MD
London-based independent freight forwarder Unsworth has appointed Thomas Kuehn as the managing director of its UK business. The current director, Richard Hogg will become the chief executive officer (CEO) of the Unsworth group with Charles...Read more
Step up freight forwarding apprentice recruitment, BIFA says
“It’s a tough call, with so much uncertainty facing the freight forwarding and logistics sector, but now is the time to step up apprentice recruitment,” says the British International Freight Association (BIFA).Read more
AIT acquires another Dutch freight forwarder
The US-based supply chain solutions provider AIT has continued its shopping spree and acquired Global Transport Solutions Group (GTS), a prominent international freight forwarder specialising in time-critical marine spare parts logistics. The terms of the...Read more
Noatum launches its new Middle East logistics brand
Noatum, the leading light of AD Ports Group’s logistics cluster, has launched Noatum Logistics Middle East, the company’s new brand. The new brand, according to AD Ports Group takes over from MICCO Logistics, which has...Read more
DSV reports expected earnings drop
Freight forwarding giant DSV saw a reflection of the softening demand and normalising freight market in its financial results for the year 2023. The company reported a decrease in gross profit of 13.4 per cent,...Read more
Rhenus Logistics buys Hungarian freight forwarder
Just a few months after integrating Croatian logistics provider Trans Integral, Rhenus Logistics has made a new acquisition in the region with the addition of the Hungarian freight forwarder ITS Logistics Hungary KFT to its...Read more
Freight forwarder enables power plant construction in Colombia
UTC Overseas, an international freight forwarder with headquarters in Houston, completed the transportation of the equipment needed to operate a new power plant in Colombia. According to the company, this mobilisation was the transportation of...Read more
DSV Panalpina cuts 3,000 jobs in pandemic response
Freight forwardingDSV Panalpina is cutting 3,000 jobs as part of a cost-cutting exercise sparked by Covid-19. The freight forwarder wants to reduce costs by EUR 190 million annually. Read more