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Business

No let-up in cross-border trade, says DHL report

Geopolitics has had little effect on the trend towards globalisation, except in a few specific cases says DHL in the 2024 edition of its Global Connectedness Report, due to be published on 15 March. It claimed that in 2023 globalisation remained at close to the record of 2022, despite a wars, crises and other geopolitical shocks. But it noted a falling off in trade and ties between the US and down by ... [+]

Brussels’ emission-counting scheme impractical, says trade groups

European forwarder’s group Clecat, the  European Shippers' Council and the European Express Association have welcome a European plan for a common framework for calculating emissions but warn that they have serious concerns over its practicality and effectiveness. They says that the CountEmissions EU initiative would enable ... [+]

Back to normality for Gebrüder Weiss

Austrian forwarder Gebrüder Weiss ended its 2023 fiscal year with a net revenue of €2.47 billion compared with €3bn in 2022. However, the company says it remains above the growth trend seen between 2015 and 2020 and the coronavirus-related effects of the two previous years ... [+]

Dachser completes Frigoscandia buy

Dachser formally completed its purchase of Frigoscandia on 4 March and will now fully integrate the Scandinavian specialist into its Food Logistics network. It follows the agreement signed at the end of December to acquire the company from private equity investor Mutares and approval for the ... [+]

Wincanton recommends acceptance of GXO offer

Wincanton Directors have recommended an offer to buy the company by GXO for about £762 million, or £6.05 per share, 26% higher than that made by CMA CGM subsidiary Ceva Logistics in February. West Country-based Wincanton operates more than 170 sites across the country with a ... [+]

Edinburgh Chamber honours work of a lifetime at Forth Ports

Forth Ports outgoing chief executive Charles Hammond has received a Lifetime Achievement Award from Edinburgh Chamber of Commerce. Charles Hammond, who already has an OBE, steps down from the Scottish and English ports operator after 23 years later this year. He received the accolade at ... [+]

CMA CGM completes Bolloré takeover

CMA CGM Group has almost completed its acquisition of fellow French company Bolloré Logistics to CMA CGM, after the European Commission has approved the deal in late February. Transfer of Bolloré Logistics Sweden to CMA CGM remained subject to foreign investment clearance in that country, at ... [+]

‘Bidding war’ on the cards for Wincanton

A bidding war for Wincanton is emerging after it was revealed that US-owned GXO Logistics was also interested in acquiring the UK-based logistics company. The US firm’s move came on 26 February, about three weeks after CEVA Logistics, a subsidiary of CMA CGM, said it had ... [+]

Commission approves CMA CGM’s Bolloré takeover

The European Commission has approved CMA CGM’s acquisition of fellow French company of Bolloré Logistics. Approval is conditional on divestment of all Bolloré Logistics' activities in Guadeloupe, Martinique, Saint Martin, and French Guiana; and of a number of assets in metropolitan France linked to these ... [+]

NYK group buys Global Freight Solutions

International Logistics Group (ILG), the e-commerce fulfilment arm of the Yusen Logistics/NYK group of companies has acquired enterprise carrier management (ECM) company, Global Freight Solutions, for an undisclosed sum. The move will help GFS accelerate development of its multi-carrier ECM platform.  Established more than 20 years ago, ... [+]