Business
Deutsche Post DHL Group has closed the acquisition of J.F. Hillebrand Group AG (Hillebrand) and its subsidiaries at an equity value of €1.5 billion. After obtaining all necessary regulatory approvals by the required antitrust authorities, the takeover has been consummated. The companies had already signed the purchase agreement in August 2021. Accordingly, Hillebrand now belongs 100 percent to the DHL division Global Forwarding, Freight."Hillebrand’s expertise in the logistics of beverages, ...
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The Corpus Christi Ship Channel Improvement Project was included in President Joe Biden’s proposed Fiscal Year 2023 Budget under the U.S. Army Corps of Engineers (USACE) Coastal Navigation Construction category. The President’s recommended funding targeted project closeout appropriations of $157.3 million. Once approved by Congress, ...
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Aeroterm, a leading owner and developer of on-airport cargo facilities, has acquired two airport adjacent warehouses in Dorval, Quebec. Located less than 10 minutes from Montréal – Trudeau International Airport and offering a combined total of 220,860 square feet across 13.38 acres, the warehouses are ...
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GEODIS, announced that it has signed a binding agreement to acquire Keppel Logistics. The project will significantly increase GEODIS' Contract Logistics footprint and eCommerce fulfillment services in Singapore and Southeast Asia."The acquisition of Keppel Logistics will mark a key milestone in GEODIS' Asia-Pacific ambitions.” said ...
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PSA International Pte Ltd recently acquired Ceres Halifax Inc. from Nippon Yusen Kabushiki Kaisha. PSA Halifax will now operate two container terminals in Halifax, namely Atlantic Hub and Fairview Cove, jointly branded under PSA Halifax.PSA Halifax’s Atlantic Hub terminal is located at the south end ...
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STG Logistics has acquired the intermodal division of XPO Logistics, one of the largest providers of container transportation services in North America. The combined business, which will go to market as STG Logistics, will stand as North America's leading provider of seamless, fully integrated, port-to-door ...
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The Port of Savannah’s container volume grew nearly 18 percent in February, extending year-over-year increases to 19 consecutive months for the Georgia Ports Authority. To better accommodate that growth, the GPA Board has expedited more than $538 million in capacity expansion projects initially anticipated years ...
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Baumer Food, Inc.’s President Pepper Baumer joined Port of South Louisiana’s Executive Director/CEO Paul Matthews to renew their lease agreement at a ceremonial signing held at the Port’s Guesthouse in Reserve, Louisiana. They were joined by community leaders, business and Baumer Foods representatives, Port renewal ...
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The Port of Brownsville remains a stronghold for the Rio Grande Valley’s economy providing record-setting tonnage and robust operating revenues for FY 2021.Brownsville Navigation District Board Chairman Sergio Tito Lopez highlighted these achievements at the recent 2022 State of the Port.The unaudited operating revenues for ...
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Air Canada Cargo announced that, starting in the next few weeks, its capacity will be available to forwarders on WebCargo, an eBooking platform that allows real-time pricing and booking for customers.
As Canada’s largest air cargo provider, Air Canada Cargo has continually invested and adapted despite ...
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