Kuehne+Nagel has completed the acquisition of Chinese forwarder Apex International with a purchase price of more than US$1.2 billion (CHF 1.1 billion), adding significant forwarding expertise, particularly on the transpacific and intra-Asia routes. The forwarder says it will offer customers a 'compelling' value proposition in the competitive Asian logistics industry, especially in e-commerce fulfilment, hi-tech and e-mobility. Also read: Kuehne+Nagel teams up with pharma distributor … [Read more...] about Kuehne+Nagel completes Apex acquisition
freight forwarding
DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
DSV Panalpina is set to become the world's third largest transport and logistics company as it announced the acquisition of Agility's Global Integrated Logistics (GIL). The transaction, valued at US$4.2 billion (DKK 26 billion), is the latest acquisition of the Danish company after it bought out Swiss-based Panalpina 2 years ago. DSV recently completed the integration with Swiss Panalpina, and with the acquisition of GIL, the company is set to become the world’s third largest with a combined … [Read more...] about DSV Panalpina acquires Agility’s GIL unit for US$4.2 billion
Dimerco switches modes for just-in-time delivery to Morocco
Taiwan-based forwarder Dimerco delivered high-density cargo from China to Morocco four days ahead of the deadline by making changes to the planned transport mode in response to delays at Ningbo Port. As vessels got cancelled due to Covid-19, causing delays to cargo bound for North Africa, the Dimerco team found an alternative solution for its customer, a manufacturer of high-end automotive parts and accessories. With late delivery equating to expensive production down time, the team worked … [Read more...] about Dimerco switches modes for just-in-time delivery to Morocco
Toll Group to sell express unit for US$386 million
Melbourne-based logistics provider Toll Group announced it has agreed to sell its express business to Australian private equity firm Allegro Funds for A$500 million (US$386 million), according to a press release. The Japan Post subsidiary said the move is consistent with its strategy to focus on its logistics strengths in Asia Pacific, particularly in contract logistics and freight forwarding. Also read: ESR Australia to buy logistics assets portfolio for US$3b “We have spent the last … [Read more...] about Toll Group to sell express unit for US$386 million
PLA Global Wrap: Week 14
In week 14 of the Global Wrap, we feature new pharma facilities from leading forwarders, Rickenbacker's milestone with Emirates, as well as the first A320neo in Taiwan, new features on Amarex website and new model types for Vallair's MRO services. Here's the wrap from week 13. Paris, France: Bolloré Logistics' new pharma unit at CDG hub Bolloré Logistics is reinforcing its logistics resources for healthcare with an 800-sqm extension of a pharmaceutical unit at its hub in Roissy … [Read more...] about PLA Global Wrap: Week 14
WFS secures authorised receiver status at MXP
Worldwide Flight Services (WFS) has become the first cargo handler at Milan Malpensa Airport to be awarded authorised receiver status by Italy’s Customs authority. This means freight forwarders can now clear and offload cargo directly at WFS’ cargo terminal at the airport, which offers significant time savings and productivity efficiencies. Also read: WFS to pick up Ukraine International’s cargo at MXP Massimiliano Introini, managing director in Italy, said: “We are honoured to have … [Read more...] about WFS secures authorised receiver status at MXP
