Logistics
Deutsche Post DHL Group has signed an agreement to acquire up to 100% of J.F. Hillebrand Group AG and its subsidiaries at an equity value of around €1.5 billion. Hillebrand is a global service provider specialized in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products that require special care. Hillebrand generated revenue of around €1.4 billion in the last twelve months, will ship c.500,000 ...
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Kerry Logistics Network Limited introduced a new Trans-Pacific air freight service to connect multiple Asian locations to the USA to capture the heightened demands in the pandemic-hit air freight market. Named Kerry Freight Controlled Network (KCN), the freight integrator centers on the Americas hub set ...
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Capstone Partners, a leading middle market investment banking firm, released its June 2021 Transportation & Logistics Public Earnings Update, reporting that third-party logistics companies saw record sales due to the shift in consumer behavior towards e-commerce, with the pandemic playing an important role. The demand ...
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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 ...
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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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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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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 ...
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