Panalpina has announced it will acquire a majority stake in Airflo, a company based in Kenya and the Netherlands specialised in the export handling of flowers and vegetables. Airflo is part of Dutch Flower Group (DFG), a major flower and plant trader. The acquisition reflects Panalpina’s continued expansion in Africa and its increasing focus on the perishables business. Panalpina World Transport Ltd. will acquire a majority stake in Airflo from DFG, subject to conditions. The two companies … [Read more...] about Panalpina to acquire specialised perishables freight forwarder
Logistics
SEKO triples warehouse footprint in California
SEKO Logistics has tripled its warehouse operations footprint in California with the opening of an Omni-Channel Logistics hub in Chino and expansion into a new 200,000 sq ft facility in San Francisco. Rapid growth for customers in the retail, solar, high-tech, aerospace and medical industries has prompted the investment, alongside the continued global expansion of SEKO's omni-channel logistics strategy. "Our customers are experiencing significant growth in California and that's why we are … [Read more...] about SEKO triples warehouse footprint in California
TAPA highlights rising truck cargo crime
The Transported Asset Protection Association (TAPA), has highlighted a worrying trend as cargo crime climbed a further 10.6 per cent in the third quarter in the Europe, Middle East and Africa (EMEA) region. The Association's Incident Information Service (IIS) recorded 238 cargo crime incidents in the three months to 30 September 2015 with TAPA noting that cargo crime is "massively" under-reported for a variety of reasons. "These latest figures reveal the continuing rise in cargo crime but … [Read more...] about TAPA highlights rising truck cargo crime
DHL plugs Taiwan into Europe-Asia multimodal network
DHL Global Forwarding has added Taiwan into its pioneering and rapidly expanding North Asia multimodal network with a sea link between Taiwan and mainland China, offering customers the full-container load door-to-door service, DHL Railing. The new connection linking Taichung port to Shanghai, effectively plugs into the rail link into Europe via Warsaw from Suzhou, which also serves as a base for over 10,000 Taiwan-funded export-oriented enterprises. The sea link that added Japan and now … [Read more...] about DHL plugs Taiwan into Europe-Asia multimodal network
GEODIS completes acquisition of US-based OHL
GEODIS has announced that it has received the regulatory approvals and officially completed the acquisition of OHL (Ozburn-Hessey Logistics) based in Nashville, Tennessee (USA). OHL is one of the leading 3PL companies in the US, with annual revenue in excess of €1.2 billion. This acquisition is effective from 3 November. The combined structure will generate a consolidated annual turnover of over €8 billion with more than 38,000 employees and 165,000 customers. With around 400 logistics … [Read more...] about GEODIS completes acquisition of US-based OHL
LG Electronics to offload stake in logistics arm
South Korean tech giant LG Electronics Inc. said on Thursday it will sell its full stake in in Hi Logistics Co to Pantos Logistics Co., another logistics firm under LG Group, for KRW 105.4 billion (US$93.1 million), Yonhap News Agency reported. LG International Corp., a trading arm of LG Group, took over Pantos Logistics in May 2015. Hi Logistics currently deals with LG Group’s land logistics needs, while Pantos Logistics is specialised in air and marine transportation. LG Electronics … [Read more...] about LG Electronics to offload stake in logistics arm
