Refinancing for Crossbay 
Crossbay, founded in May 2020 as part of the Mark Group’s multi-platform strategy and the first pan-European logistics platform to focus on single-tenant distribution centres, has agreed a GBP 400 million debt facility with global investment bank Citi to help fund its continued... more
New warehouse in Corby
Since the e-commerce boom seems to know no limits in pandemic times, 3PL logistics provider Europa Worldwide Group has announced further investment. Just last year, its warehouse division launched its GBP 60 million and 750,000 sqm 3PL facility in Corby. The ground floor... more
More Amazon in Quebec
Amazon has opened two new sortation centres and its first three delivery stations in Quebec (Canada). A 160,000 sqm in Coteau-du-Lac, a suburb just west of Montreal, will be the company’s largest sortation centre in this province and is set to open in the course of 2021.... more
JV starts operations in the Kingdom
Al Khaldi and Bertling Logistics have formed a joint venture called Al Khaldi-Bertling Logistics. While Bertling’s focus is on global project logistics and transport engineering solutions, Al Khaldi primarily specialises in local logistics and trucking services and transport... more
A good year for Wincanton
Wincanton, headquartered in British Chippenham, has published updated information on its recent business results. After a difficult H1/2020, the group returned to growth in Q3 of the financial year. Wincanton’s revenue rose by over 10% in Q3 compared to the prior year, with... more
Aramex optimises rating
Online platforms are at the forefront in these pandemic times. Open Pricer, a cloud-based pricing platform provider for parcels and road freight carriers, is entering into a strategic agreement with Aramex, whereby Open Price will provide the integrator with a digital pricing... more
Is air-sea the key for Djibouti's hub plans?
Djibouti has strong international backing on the issue of "making Djibouti a hub for air-sea logistics for the region." In a recent summit conference, the outlook of combining Djibouti's expertise in the port and Ethiopian Airlines’ experience in the air with Air... more
Big deal in North America
Canada-headquartered TFI International is buying UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) divisions of United Parcel Service for USD 800 million on a cash-free, debt-free basis before working capital and other adjustments. Amongst others, TFI... more
More space for Iceland Foods
British frozen food retailer Iceland Foods' new contract with XPO Logistics raises the prior level of warehousing and distribution services. In a joint strategy, the freight forwarder will increase growth capacity for the British supermarket chain, with scalable initiatives... more
Chinese investment for Italian Post
Poste Italiane and Cloud Seven Holding recently inked an agreement to form an e-commerce partnership. The Italian group acquired 51% of the shares of Sengi Express, a company based in Hong Kong that specialises in providing logistics solutions for Chinese e-commerce companies... more