Leading shipping line Mærsk A/S has reached an agreement to acquire 100 percent of the shares in the contract logistics business of Hong Kong-based LF Logistics in an all-cash deal valued at US$3.6 billion. The acquisition is expected to strengthen Maersk’s capabilities as an integrated container logistics company that offers end-to-end supply chain solutions to its customers. Also read: Shipping giant Maersk beefs up air freight operations LF Logistics, owned by fashion and retail … [Read more...] about Maersk boosts fulfilment service with LF Logistics takeover
contract logistics
CEVA Logistics targets ecommerce with new merger
CMA CGM is strengthening its supply chain capabilities in contract logistics and e-commerce fulfilment with the planned acquisition of ‘most’ of US-based Ingram Micro’s contract logistics business (CLS). The deal includes order fulfillment platform Shipwire and its operations in North America, Europe, Latin America and Asia Pacific. The transaction, valued at US$3 billion, is expected to propel CEVA Logistics to fourth largest provider of contract logistics services, … [Read more...] about CEVA Logistics targets ecommerce with new merger
Sealed Air: From Bubble Wrap to smart packaging
Who would have thought that what was once invented as a 3-D wallpaper would find its way to revolutionize packaging? The bubble wrap, as we all have popped more than once when we were kids, has come a long way from its heavy industry use to everyday packaging for perishable food and for high-value and general e-commerce shipments. As one of the pioneers in the packaging business, Sealed Air has certainly seen how the market has changed over the years, particularly over the last year in which … [Read more...] about Sealed Air: From Bubble Wrap to smart packaging
DHL Express opens newly expanded hub in Bangalore
DHL Express last week opened its expanded EUR22 million facility located within the Kempegowda International Airport in Bangalore, India. Spanning over 112,000 square feet, the new gateway is more than four times larger than the previous facility and the largest airside handling facility for DHL Express in India. At full capacity, this new and expanded facility can handle over 90,000 tonnes of shipment per year and will provide support to India’s robust trade driven by the … [Read more...] about DHL Express opens newly expanded hub in Bangalore
K+N unveils e-commerce fulfilment hub in Luxembourg
Kuehne+Nagel is expanding its contract logistics footprint with the opening of its latest fulfilment centre in Contern, Luxembourg, covering 34,000 square metres of warehousing space. The Swiss forwarder said the expansion reaffirms Luxembourg as a strategic location for the company in Europe. It will offer integrated value-added solutions, particularly in the area of e-commerce fulfilment, including inventory management, picking, packing and shipping orders, managing returns, … [Read more...] about K+N unveils e-commerce fulfilment hub in Luxembourg
Q&A with Geodis on new Indian logistics facility
Geodis earlier this month announced the planned launch of a multi-user logistics facility in Luhari, Haryana, slated to open in March next year. The 26,654-sqm warehouse, located in Luhari, Haryana, 60 kilometres north of Delhi, will be on lease from logistics property group LOGOS for a 10-year period. The hub will feature a state-of-the-art storage system, equipped with both selective and very narrow aisle (VNA) pallet racks to ramp up order processing procedures for both retailers and … [Read more...] about Q&A with Geodis on new Indian logistics facility
