Archive

DSV makes bid to take over Panalpina

Posted By Tony Sanchez / Logistics Company / 0 Comments

January 16, 2019 DSV has made an unsolicited, non-binding proposal to acquire Panalpina for CHF 170 per share, through a mix of cash and DSV shares. Panalpina has confirmed it has received the offer and the board of directors is reviewing the proposals in conjunction with its professional advisers. The offer consists of 1.58 DSV […]

UK freight forwarders ready to clear up the Brexit mess

Posted By Tony Sanchez / Logistics Company / 0 Comments

January 16, 2019 Responding to the decision yesterday by the UK Parliament to reject a deal, which set out the terms of Britain’s exit from the European Union on March 29, Robert Keen, director general of the British International Freight Association (BIFA) said: “The decision taken by Parliament is historic and needs to be acknowledged. With just […]

Kuehne + Nagel acquires Quick International Courier

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November 21, 2018 Kuehne + Nagel has acquired Quick International Courier, a provider of time-critical transportation and logistics solutions focusing on the aviation and pharma industries. The Jamaica, New York-based company has 550 employees specialized in ‘Next Flight Out’ and ‘Next Drive Out’ shipments. Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics […]

Losses continue to add up for CEVA in Q3

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November 13, 2018 Losses continue to pile up at CEVA Logistics with a negative third quarter result of $86 million, not helped by issues in Italy. The third quarter result compares to a loss of $22 million in the same period of 2017, with year-to-date losses coming in at $198 million, compared to $124 million […]

K+N to manage spare parts for Pratt & Whitney

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November 8, 2018 Kuehne + Nagel has signed multi-year contract with Pratt & Whitney to manage the distribution of military and commercial aftermarket spare parts. Under the agreement, Kuehne + Nagel will manage a 300,000 square foot distribution centre in Atlanta, Georgia. With responsibility for the receipt, warehousing and inventory control of over 40,000 aircraft […]

DSV withdraws offer to acquire CEVA Logistics

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October 24, 2018 DSV has withdrawn its offer to acquire CEVA Logistics after the board of the Swiss firm rejected the offer. The Danish company sent a revised offer of 30 Swiss francs per share to CEVA’s board of directors on 18 October. Under the proposals, CEVA shareholders would have received a premium of 60 […]

ULD CARE launches tools to improve ULD safety

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October 11, 2018 ULD CARE has launched two new tools, the Strap App and Wind Speed Calculator to help ULD operators improve safety and reduce damage. The Strap App is available in the iTunes store with an Android version coming soon, with the Wind Speed Calculator being available on ULD CARE’s website. ULD CARE president, […]

Novo Holdings acquires 25% equity stake in Envirotainer

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September 19, 2018 Novo Holdings has agreed to acquire a 24.9 per cent of the equity in Envirotainer in partnership with the private equity firm Cinven. The Danish life science investor says Envirotainer was an attractive investment due to its innovative product offering; consistent service delivery and global delivery capability; attractive market due to the […]

FlyKargo to manage cargo services for JetBlue Airways

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September 11, 2018 FlyKargo is partnering with JetBlue Airways to move cargo between Fort Lauderdale and San Juan, Puerto Rico as part of a three month pilot programme beginning on 15 October. Miami-based FlyKargo specialises in managing air cargo services to low cost airlines and will focus on providing fast and reliable services to registered […]

Kerry Logistics forms subsidiary in Pakistan

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September 10, 2018 Kerry Logistics has extended its foothold in Pakistan by forming a new subsidiary to tap into trade and opportunities on the China-Pakistan Economic Corridor (CPEC). The subsidiary provides air and ocean freight, cross-border road freight to Afghanistan and China, project logistics and inland trucking services through its offices in Karachi and Lahore. […]