Cathay Investments acquires Rhys Davies Logistics 
Cathay Investments is purchasing Rhys Davies & Sons Limited (RDL), a logistics transport and warehousing business, its second acquisition this year following the recent addition of Warehouse One Distribution Limited in September. Ben Chaing, CEO of Cathay commented “We... more
Prologis builds logistics centre in Bremen
As from Q4/2019, Prologis will begin developing a logistics facility in Bremen (Germany. The building will be constructed on a speculative basis and cover around 17,000 sqm. Completion is planned for the third quarter of 2020. Prologis purchased the 31,500 sqm plot in... more
Rinchem Company acquires Carolina Tank Lines
Rinchem Company, a chemical management services corporation headquartered in Albuquerque (New Mexico, USA), has acquired the trucking business Carolina Tank Lines, which is based in Burlington, North Carolina. Carolina Tank Lines (CTL) offers transportation services primarily... more
Transbox United is renamed Contargo Transbox
Effective immediately, the container services provider Transbox United will trade under the name of Contargo Transbox. This change underlines the company’s integration into the Contargo group’s European hinterland network. “Already two years ago we took over the remaining... more
More profit for shareholders
Prologis, a global provider in logistics real estate, has reported its results for the third quarter of 2019. Net earnings per diluted share were USD 0.71 for the quarter compared with USD 0.60 for Q3/2018. Core funds from operations per diluted share was USD 0.97 for the... more
Kuehne + Nagel expands its pharma hub in Belgium
Kuehne + Nagel has inaugurated its enlarged pharma distribution centre in Geel, making it one of the largest within the global KN pharma chain network. Tobias Jerschke, managing director of Kuehne + Nagel Belux, said during the opening ceremony: "The enlarged pharma hub... more
DHL Express: EUR 131 million for expansion in South Korea
DHL Express has signed a concession agreement with the Incheon International Airport Corporation to implement its largest investment in South Korea to-date - a EUR 131 million expansion plan for its gateway in South Korea. The multi-year investment is expected to encourage... more
Emons invests EUR 13.5 million in new logistics facility
Emons has made the first cut of the spade for its new freight forwarding hub in Kenzingen (Baden-Wuerttemberg, Germany). On a 30,000 sqm plot the company is setting up an area of roughly 3,000 sqm for handling general cargo. With 42 gates, the state-of-the-art facility will... more
Post Luxembourg develops contract logistics portfolio
Post Luxembourg is adding contract logistics to its portfolio of logistics services. The new logistics facility is located in a former cargo centre. The material flows will be managed by the warehouse management system LFS.wms developed by the Ehrhardt + Partner Group (EPG). The... more
165 job losses in Basel
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel (Switzerland) about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in... more