Gary G Burrows
As part of its development strategy, CEVA Logistics has announced that it signed an agreement to acquire 100% of the shares of Cargex S.A., an international freight forwarding and perishable goods expert based in Bogotá, Colombia. At closing of the acquisition, CEVA would also take complete control of the Cargex customs brokerage affiliate, Agencias de Aduanas Aduanamos S.A. Nivel 2.“With the addition of Cargex, CEVA Logistics continues its strategic push ...
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GCT USA, at its GCT New York terminal, welcomed the largest Intra-Asia carrier, Wan Hai Lines, to its facilities with the arrival of the Cape Mayor on July 30, 2021.The Cape Mayor is the first vessel call of Wan Hai Lines' new independent weekly service between Asia and the East ...
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GEODIS, a global supply chain operator, has reached an agreement to acquire substantially all of the assets of Velocity Freight Transport, Inc., a leading freight brokerage company based in Plano, Texas, from McLane Company, Inc., a subsidiary of Berkshire Hathaway.
"With the acquisition of Velocity, we are welcoming an exceptionally talented ...
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Japan Airlines has awarded new online and offline handing contracts to Worldwide Flight Services (WFS) in Europe.The airline has partnered with WFS in Liege to provide cargo handling and ramp transportation for its new weekly Boeing 747 freighter flight from the Belgian airport to Tokyo. In a separate development, Japan ...
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Kerry Logistics Network Limited is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends Kerry Logistics Network’s presence in ...
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Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. and the remainder in cash.
Uber Freight’s acquisition of Transplace will create one of ...
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XPO Logistics Inc. announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies.
XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world. XPO ...
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Lenovo, a leading manufacturer in connected devices such as laptops, PCs, tablets and smartphones, experienced significant sales growth over the past year despite the constraints imposed on the global economy and restrictions to the supply chain due to the COVID-19 pandemic. GEODIS played a prominent role in Lenovo's sales growth ...
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IAG Cargo, the cargo division of International Airlines Group (IAG), reported strong Q2 revenue amid a confident outlook for the cargo business and in-line with an improved air-cargo market.
IAG Cargo achieved revenues of €419 million from April 1 to June 30 2021; an increase of 17.3% at constant currency versus ...
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While good for the environment, supply chain sustainability can also be good for the bottom line if incorporated into a company's supply chain strategy. Logistics software company, Route4Me, has been leading by example to make a serious environmental impact:• Already saved the emissions equivalent of planting 87,000,000 trees• Prevented 10 ...
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