RiverOak to build cargo hub at Manston Airport

RiverOak Strategic Partners acquired Manston Airport (MSE) for £16.5 million in a transaction that was completed earlier this week, Director George Yerrall confirmed to Air Cargo World.  The U.K.-registered company, which has spent over £30 million on the acquisition so far, plans to convert the site to a cargo hub. Yerrall said RiverOak anticipates a late 2021 opening, taking into consideration that RiverOak can’t begin construction unless the U.K. government approves […]

Dachser expands network in Ireland with Johnston Logistics acquisition 

Germany-based logistics company Dachser announced today that it has acquired Ireland-based Johnston Logistics Ltd., which will be fully integrated into the Dachser network and officially launched as Dachser Ireland Ltd. by September this year.  According to the press release, Dachser and Johnson Logistics have been partners since 2007. The new acquisition and integration by Johnson Logistics into Dachser comes approximately two years after Dachser bought […]

Magnate Worldwide sells PTL ground logistics company

International logistics company Magnate Worldwide sold Premium Transportation Logistics (PTL), a ground logistics company, to the trucking company’s senior management team last week.  “We became sort of an inconsequential part of [Magnate’s] story so it made more sense for us to spin off,” PTL President Jeff Curry told Air Cargo World, pointing out that the larger […]

E.U. Court sides with UPS in blocked TNT deal

Earlier this week, a Luxembourg-based General Court annulled a European Union decision made back in 2013, to block Atlanta-based UPS’ proposed US$7 billion takeover of Dutch package delivery company, TNT Express. Even though the decision will not revise history, since TNT has already been acquired by FedEx Corp., the ruling could pave the way for […]

C.H. Robinson acquires APC Logistics in bid for Asia-Australia e-commerce

C.H. Robinson has entered into a US$225 “definitive agreement” to acquire APC Logistics, a provider of freight forwarding and customs brokerage services in Australia and New Zealand. With 10 percent of the Australian forwarding market, APC will allow C.H. Robinson to capture a significant portion of shipments moving between Europe, Asia and Australia, said C.H. […]