MNX Logistics purchases cold-chain company NGL’s express division

This week, Long Beach-based MNX Logistics acquired the express division of Colorado-based Network Global Logistics (NGL) – a provider of same-day air courier and logistics services, with locations on six continents. MNX called the procurement “one in a series of strategic business moves” to bolster its time- and temperature-sensitive industry focus. John Labrie, CEO of […]

Six companies merge to form largest privately owned logistics firm in U.K.

This week, six United Kingdom-based logistics companies have joined up to create the largest privately owned logistics conglomerate in the country, to be called “EV Cargo.” According to Ecommerce News Europe, a Hong Kong-based private-equity investment firm EmergeVest – which has been expanding its foothold in the logistics industry -- is the force behind the […]

CEVA board rejects takeover bid from DSV as ‘inadequate’

Yesterday, after Danish logistics firm DSV made an unsolicited, non-binding acquisition bid to CEVA Logistics AG, the CEVA board of directors unanimously rejected the offer of roughly US$28 per share in cash, saying that the bid – totaling about $1.5 billion – was “not in the best interest of the company and its shareholders.” The […]

Etihad renews commitment to 777F fleet amidst rumors of takeover by Emirates

Beginning Oct. 1, Etihad Airways cargo will “reboot” its freighter network with an adjusted flight schedule that reflects the carrier’s ongoing commitment albeit with a smaller freighter fleet, which now consists of just five 777Fs. As part of the new schedule, Etihad will continue to operate freighter flights along core trade lanes connecting Asia and […]

DSV acquires fulfillment company S&H, CEO Elshout steps down

Today, Danish freight-forwarder DSV acquired Netherlands-based fulfillment company, S&H, purchasing 100 percent of the company’s shares. In the same statement, DSV said that CEO Hans Elshout has stepped down from his position. In the deal, S&H will remain a distinct unit under DSV’s umbrella, but will take the name DSV Multi-channel Fulfilment. CEO of DSV’s […]

Walmart Flipkart deal: Not the blockbuster it may seem?

Yesterday’s blockbuster US$16 billion deal, in which Walmart said it plans to buy a 77 percent stake in India’s online retail powerhouse Flipkart, caused some wild speculation about whether the acquisition could open up a new battleground in the Indian e-commerce wars currently being fought mostly by Alibaba and Amazon to expand their market share across […]

Perishables Power Play: How forwarders are adapting to e-commerce disruption

Less than three hours after the chartered 747-8 freighter, named “The Spirit of Panalpina,” touched down at the U.K.’s Stansted Airport, the last load of frozen guacamole was in the hands of the customer in Braintree, Essex. The pale-green concoction of fresh mashed avocados, tomatoes, onions, garlic and other spices was chilled to precisely -18°C, […]

Bolloré extends network to Scandinavia with purchase of Danish forwarder

In a bid to broaden its network into Scandinavian territory, French forwarder Bolloré Logistics purchased a majority stake in the Danish freight forwarder Global Solutions A/S. This acquisition, the company said, is part of its strategy of “development through external growth.” Bolloré, which has a presence in Norway, will now operate out of two of […]

Top 4 forwarders that may be ripe for M&A activity in 2018

Although mergers and acquisitions (M&A) in the 3PL community so far in 2017 were not quite as numerous as they were in 2016, many airfreight industry analysts say the current boom times for air cargo should make 2018 another banner year for consolidation in the still fragmented freight forwarding business. Just two months ago the […]

Dachser Acquires majority interest in Johnston Logistics

Dachser has become a majority shareholder in Ireland-based Johnston Logistics, allowing Dachser to expand its “all-important” European logistics network in northwestern Europe, said Michael Schilling, COO of road logistics at the German logistics firm.  Johnston Logistics is focused on the Irish market, but also serves the U.K. with warehouse and operations facilities spanning nearly 40,000 […]
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