ESR raises one billion dollars 
ESR, a major APAC focused logistics real estate platform, has upsized its first sustainability-linked loan (SLL) to USD 1 billion after its first close in early November 2021. Taking its inaugural step into sustainable financing, the group announced that it had secured its... more
Contract logistics for wind turbines
Danish Vestas, a provider of sustainable energy that specialises in the manufacture, installation and servicing of wind turbines, has hired Hellmann Worldwide for its contract logistics operations. Under the agreement, the Germany-headquartered company has taken over the... more
GW completes integration in Bulgaria
Austria-headquartered transport and logistics provider Gebrüder Weiss has now completed the integration of Rhenus Bulgaria into its organisation. Four new locations have joined GW’s national network in Bulgaria – in Burgas, Svilengrad, Varna and Plovdiv. Gebrüder Weiss has... more
Canada Post reduces its losses
The rise of e-commerce does not necessarily result in a business boom for national post carriers. For instance, national carrier Canada Post reported a loss before tax of CAD 264 million (USD 207 million) in Q3/2021, a slight improvement compared to the same period last year.... more
Eurotranspharma: cool chains in Czechia
Mitters, a Brno (Czechia)-based last mile specialist for the temperature-regulated distribution of healthcare products in Czechia and Slovakia, is being taken over by the France-headquartered Eurotranspharma. Mitters is a long-time partner of the Walden Group. The... more
Warehouse extension in Poland
H&M Group and its services provider Arvato Supply Chain Solutions have broken ground for the expansion of the distribution centre in Stryków, Poland. The partners, who have been cooperating in Poland since 2018, have extended their contracts for several years. Warehouse size... more
Echo's merger to close this month
Chicago-based and Nasdaq-listed Echo Global Logistics has received the green light from its stockholders for the proposed merger of Echo and Einstein Merger Sub. The American company is a Delaware corporation, a subsidiary of Einstein Mid Co and an affiliate of The Jordan... more
700 new "green" heavy duty vehicles
Stef has contracted Saipol from the Avril group to increase its fleet of HGVs in France. The vehicle in question is the Oleo 100, a “B100” type renewable energy that is powered by diesel and cuts greenhouse gas emissions by a minimum of 60% and particulate emissions by up to... more
Five for Japan
DHL Supply Chain has opened five new logistics centres in Japan to support its operations for GE Healthcare Japan, a medical technology, pharmaceutical diagnostics and digital solutions firm. The new hubs are located in Kawasaki, Sapporo, Nagoya, Osaka and Fukuoka. The... more
Geodis augments activities in Belgium
Geodis has launched a new sorting centre in Schoten near Antwerp in Belgium and a new office at Liege airport. The first facility is intended to support the expansion of an international e-eommerce customer into the Belgian market, the second for multiple customers in Europe.... more