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Geodis to buy US last-mile specialist

Geodis has signed an agreement to acquire US-based operator, Need It Now Delivers. The French forwarder said it would increase its presence in the US in contract logistics and last-mile delivery. Chief executive Marie-Christine Lombard commented: “The acquisition of Need It Now Delivers is a key step through which we will strengthen and diversify our offerings in the U.S., providing our customers with a global and integrated end-to-end freight network in ... [+]

UPS set to buy healthcare specialist

UPS says it plans to acquire healthcare logistics provider Bomi Group. It will add temperature-controlled facilities in 14 countries and nearly 3,000 team members to the UPS Healthcare network in Europe and Latin America. [+]

Another buy for Scan Global Logistics

Scan Global Logistics (SGL) has acquired German-US operator AFL Logistics in Germany and American Freight Line SE (AFL) in the US. The Copenhagen-headquartered forwarder said the move would strengthen its position in the automotive sector.  It is SCL’s ninth acquisition in 2022. The company bought ... [+]

Use it or lose it, HMRC warns importers

HMRC is warning that 3,500 businesses risk losing the ability to import goods if they fail to switch to the Customs Declaration Service for import declarations from 1 October. It says that while many businesses are already using CDS, around 3,500 businesses are yet to move ... [+]

Port groups sign MoU to develop gulf, Asia and Africa trade

Abu Dhabi-based AD Ports Group has signed a Memorandum of Understanding (MoU) with Hutchison Ports, the Hong Kong-based owner of the port of Felixstowe. The partners will identify joint investment and business opportunities in feedering, logistics, and port activities across the Gulf, Africa, and Asia. ... [+]

‘Tensions’ boost Geodis revenue

French owned forwarding and logistics group Geodisachieved revenues of €6.748 billion in the first half of 2022, an increase of 34% compared with the previous year. It said that growth was driven by all activities and in particular by freight forwarding. The sustained increase was ... [+]

Brussels takes action over Northern Ireland Protocol

The European Commission launched four new infringement procedures against the UK for not complying with significant parts of the Northern Ireland Protocol on 22 July but said it had refrained from launching others for over a year in order to look for joint solutions with ... [+]

DFDS acquires Ireland’s Lucey Transport Logistics

DFDS has entered into an agreement to acquire 100% of the capital of Dublin-based Lucey Transport Logistics. DFDS will operate Lucey’s distribution centre in Dublin and regional depots across Ireland. It will also will take over Lucey Transport Logistics’s trucking operations and its  400 trailers. The transaction ... [+]

UPS revenue up 5.7%

UPS has announced second-quarter 2022 consolidated revenues of $24.8 billion, a 5.7% increase over the second quarter of 2021. Consolidated operating profit was $3.5 billion, up 8.5% compared to the second quarter of 2021, and up 9.3% on an adjusted basis. [+]

DSV doubles forwarding earnings

DSV says its Air & Sea forwarding division achieved a 105% increase in EBIT earnings in the first half of 2022 amid strong half-year results in all divisions and regions. Gross profit grew 61% in the first half of 2022 compared to the first half ... [+]