On 29 February, CMA CGM completed the purchase of French firm Bolloré Logistics with a deal worth 4.850 billion euros. The latest acquisition is CMA CGM’s largest to date since its creation in 1978 and will create another powerhouse in the shipping and logistics sector. The new combined entity will be made up of CEVA and Bolloré Logistics, which is expected to position it as the world's number 5 in the industry. Some 14,000 employees will be integrated into the merged … [Read more...] about CMA CGM buys Bolloré Logistics for almost €5 billion
e-commerce logistics
Cainiao, Saudia, WFS form Liège eHub trifecta
Saudia Cargo, Worldwide Flight Services, and Cainiao Group have officially launched their strategic collaboration at Cainiao’s e-commerce hub in Belgium’s Liège Airport. The companies said the collaboration is aimed at optimizing logistics processes through operational streamlining and the adoption of logistics innovations at the eHub. Cainiao and WFS have been working together since November 2021 to enhance operational quality for joint partners like Saudia Cargo. Key service-level … [Read more...] about Cainiao, Saudia, WFS form Liège eHub trifecta
Cathay Cargo Terminal eyes ‘cashless, plastic-free’ ops
Cathay Cargo Terminal has become the first air cargo terminal in Hong Kong to introduce a business-to-business ePayment solution for import collection, in partnership with PayCargo. This marks another milestone in the company’s digital journey after enabling eAWBs (electronic airwaybills) and introducing eSRF (electronic Shipment Release Forms) to provide more choice and convenience for freight forwarders and their trucking agents. Freight forwarders can now settle transactions anytime … [Read more...] about Cathay Cargo Terminal eyes ‘cashless, plastic-free’ ops
Kuehne+Nagel widens Asia road network with acquisition
Kuehne+Nagel looks to bolster its road logistics capabilities in the region as the forwarder entered into an agreement to acquire Malaysia-based City Zone Express, a subsidiary of SGX mainboard-listed company Chasen Holdings Ltd The move is expected to strengthen the forwarder’s cross=border road network across Southeast Asia, as the region continues to grow as a manufacturing hub for the high-tech and e-commerce industries. Established in 2006, City Zone Express has over … [Read more...] about Kuehne+Nagel widens Asia road network with acquisition
dnata’s autonomous drones take off in Dubai
dnata has successfully integrated autonomous drones into its cargo operations in Dubai, as it looks to deliver enhanced operational efficiencies and remarkable benefits for its airline partners. The airside services provider first introduced drones to its cargo operations in the UAE in 2022, which have now integrated into the operations’ daily workflow and warehouse inventory processes. The company found out that the use of drones resulted to 20 percent reduction in processing … [Read more...] about dnata’s autonomous drones take off in Dubai
Hactl unveils Cool Chain Complex in Hong Kong
Hactl has launched its newest Cool Chain Complex which is expected to provide a seamless handling process for temperature-controlled shipment transiting Hong Kong International Airport (HKIA). Whilst the company did not mention how much space the facility occupies, Hactl said it is the largest of such facilities at the airport. The cold chain facility offers direct airside access and dedicated landside truck docks and features three separate zones for different types of shipments, … [Read more...] about Hactl unveils Cool Chain Complex in Hong Kong
