Logistics
A.P. Moller – Maersk (Maersk) recently announces the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialized in technology solutions for B2C warehousing for the fashion industry. This is Maersk´s third acquisition this year within E-commerce Logistics and it comes through our venture activities with Maersk Growth.As a disruptive force in the E-commerce space, the acquisition of HUUB strengthens Maersk´s technology capabilities, bringing the best attributes of a modern entrepreneurial ...
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RoadOne IntermodaLogistics, a single source intermodal, distribution, and logistics services company, announces today the acquisition of Rose Transportation, an intermodal transportation services company serving rail and port facilities in Pennsylvania, Maryland, Ohio, Florida, Georgia and South Carolina. Rose Transportation will further enhance RoadOne’s national intermodal logistics ...
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Georgia Gov. Brian Kemp has suspended enforcement of federal limits on hours of service for commercial vehicleoperators in Georgia. He also loosened weight restrictions for trucks on Georgia highways.
The announcement came by an update to Kemp’s executive order declaring a COVID state of emergency. The ...
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North Carolina Ports has reached an agreement with Sun Valley, Idaho-based Cold Summit Development to further expand its cold chain and cold storage capabilities.Plans for the development of a 280,000 square foot multi suite cold storage facility located on the Ports Raleigh Street property. The ...
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Just under six months after breaking ground, the new PhilaPort Distribution Center reached a new high point in its construction.On August 27, a Beam Signing and Topping Off Ceremony celebrated the placement of the top piece of steel in the new structure underway at the ...
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Agility announced that it expects to complete the sale of its Global Integrated Logistics (GIL) business to DSV Panalpina A/S.
The all-shares transaction gives Agility 19,304,348 DSV shares upon full completion of the deal in all jurisdictions, representing approximately 8% of all post-transaction shares of DSV. ...
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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, ...
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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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