State-owned Japan Post will buy Australian logistics company Toll Holdings Ltd. for US$5.07 billion, as it seeks new sources of growth ahead of an initial public offering planned for later this year. Under the deal, Toll will retain its name and run as a division under Japan Post. Toll’s board of directors has unanimously recommended shareholders accept the offer. The move came as Toll announced a 22 per cent slide in its first half profit because of challenging economic … [Read more...] about Japan Post to buy Toll for US$5B
Logistics
DHL invests in new hub at Brussels Airport
DHL will invest EUR 114 million (approx. US$129 million) in the construction of a new hub at Brussels Airport. The new hub is expected to triple capacity from 12,000 to 39,500 shipments per hour. The original Brussels facility was set up in 1985 as a regional hub. In the last five years, Brussels has enjoyed solid double-digit volume growth. Due to this continuous growth and its central location in Europe, the Brussels Hub is increasingly being used as an international and transit hub, … [Read more...] about DHL invests in new hub at Brussels Airport
UTi Worldwide expands presence in Malaysia
UTi Worldwide Inc. has expanded its freight forwarding footprint in Malaysia by opening new facilities in Port Klang and Kuantan. UTi combined its former offices in Kuala Lumpur and Port Klang into a new facility boasting the latest technology. "Our growth in footprint and investment in this new facility in Port Klang and our new office in Kuantan reflect the momentum that our business in Malaysia has seen over the last two years. Some of this is coming from our strategic interest in … [Read more...] about UTi Worldwide expands presence in Malaysia
Geodis appoints Indian sales head
Geodis India has appointed Martijn Tasma as its national sales manager, with responsibility for sales and the market development of its freight forwarding and logistics business in the country. Tasma's main priorities in his new role will be to strengthen and increase the company's trade lane activities, particularly with a focus on Brazil, China and the USA. He brings over 14 years of experience in the industry to his new position, and has worked for Geodis since 2006. Managing director … [Read more...] about Geodis appoints Indian sales head
DB Schenker sets up business entity in Cambodia
DB Schenker announced the opening of its new company, DB Schenker (Cambodia) Ltd effective 1 January 2015. With the creation of this new business entity, DB Schenker fully takes over the business and operations of its former exclusive partner in Cambodia, SGL (Cambodia) Ltd. “We are pleased to announce that the same operations teams who have been successfully handling the requirements of DB Schenker’s customers in Cambodia will continue to perform the same functions and … [Read more...] about DB Schenker sets up business entity in Cambodia
CEVA expands Vancouver facility
CEVA Logistics is expanding its market presence in Vancouver, British Columbia, Canada. The new location for the company’s operations, in Richmond, BC, is positioned near Vancouver International Airport, the Port of Vancouver – Canada’s largest port – and major road arteries. CEVA will occupy the facility, which totals 53,189 sq. ft. (4,941 sq m), on 1 March 2015. The new facility is located at 18233 Blundell Road and – in addition to more square footage – … [Read more...] about CEVA expands Vancouver facility
