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
integrated logistics
8th PLA Awards now open for nominations
Regional air cargo and logistics publication Payload Asia is pleased to announced that nominations are now open for the 8th edition of the Payload Asia Awards. In its eighth edition, the PLA Awards promises a much bolder awards ceremony to celebrate the remarkable achievements of industry leaders and forward thinkers in the air cargo and logistics supply chain. This year we’re bringing back categories from the earlier editions of the awards as we give recognition to the companies that … [Read more...] about 8th PLA Awards now open for nominations
Kerry Logistics revenue up 30 percent in 2020
Announcing the company’s 2020 results, William Ma, group managing director of the Kerry Logistics Network (KLN) Group thanked colleagues and business partners for achieving record year in terms of revenue and core net profit. This he said clearly demonstrated the logistics company’s ‘resilience and capability to evolve through the pandemic.’ Kerry Logistics recorded revenue of US$6.7 billion (HK$53.7 billion) up 30 percent over 2019, as operating income climbed 20 percent to US$420 … [Read more...] about Kerry Logistics revenue up 30 percent in 2020
Toll to acquire full ownership of Chinese operation
Australian group Toll, one of the Asia region’s leading providers of integrated logistics, has announced it has reached an agreement with China Merchants Group to acquire all the remaining 49 per cent of shares in Shenzhen-based ST-Anda Logistics. ST-Anda has an extensive logistics network across mainland China with warehouses and depots in more than 30 cities and a distribution network reaching over 1,500 cities across the country, according to Toll. “Moving ST-Anda to … [Read more...] about Toll to acquire full ownership of Chinese operation