Panalpina opens Prague warehouse for auto parts

After agreeing to be purchased by Danish logistics firm DSV earlier this year, Swiss forwarder Panalpina has not slowed down its own growth, in terms of warehouse space or merger and acquisitions (M&A) activity. Last week, Panalpina participated in an opening ceremony for its new 21,000-square-meter, 28-bay warehouse in Prague. Two-thirds of the warehouse capacity […]

Armstrong’s 3PL report calls 2016 ‘mediocre’ for U.S. airfreight

While the third-party logistics (3PL) market had a “mediocre” year in the United States, global 3PL revenues reached US$802 billion in 2016 and are on track to exceed $962 billion in 2020, according to the latest 3PL report by market research firm, Armstrong & Associates. The report, titled “Third-Party Logistics Market Results and Trends for […]

Metro Supply Chain buys emergency automotive logistics firm

To capture part of the automotive supply chain market, Canada-based 3PL solutions provider Metro Supply Chain Group has completed the acquisition of U.K.-based automotive and industrial services emergency logistics provider, Evolution Time Critical. Although the financial details have not yet been disclosed, the deal enables Metro to further its expansion outside North America and carve […]

GEFCO Group acquires IJS Global

The GEFCO Group which specializes in automotive logistics has acquired Netherlands-based forwarder IJS Global, from private equity firm Nimbus. The two companies said they will combine their expertise and geographic networks. IJS Global was founded in 2004 as an air and sea freight forwarder. With its headquarters in Amsterdam, it employs approximately 500 people, generating US$179.5 […]