Business
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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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For the first time in its history, the Port of Savannah has moved 5.3 million TEUs, growing cargo volumes by 20% in FY2021, or nearly 900,000 TEUs compared to the previous year.“GPA leadership, our employees and our partners across the logistics community put in tremendous ...
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