November 2024
DFDS has abandoned its bid to acquire the international transport network of one of Turkey’s largest operators, Ekol Logistics. It said that completion of the transaction was conditional upon regulatory approvals and certain contractual conditions. Some of the latter had not been satisfied by the agreed deadline, forcing it to terminate the share purchase agreement.
The two parties signed an agreement for the Danish firm to acquire Ekol Logistics transport network ...
[+]
The UK’s Competition and Mergers Authority (CMA) has decided to refer US-owned GXO Logistics acquisition of UK logistics firm Wincanton for an in-depth, phase 2 investigation unless the parties undertake to address these competition concerns.
A GXO spokesperson said: “We are reviewing the decision and will continue to engage constructively and ...
[+]
FedEx Corporation has opened an automated sorting facility at its Memphis World Hub. The LEED Certified building, which is now fully operational ahead of the holiday peak season, spans 1.3 million square feet across four levels, includes11 miles of conveyor belt, has dedicated space for bulky, non-conveyable shipments, and can ...
[+]
Finnish-headquartered Nurminen Logistics Services has acquired ILP-Group Logistics, which operates in Vantaa and Espoo. ILP-Group Logistics has operated since 1994 specialising in warehousing services, sea, air, and road transport and forwarding and has a revenue forecast for 2024 of €4.5 million. Nurminen said the move would strengthen its terminal operations ...
[+]
AP Moller-Maersk says it has achieved growth across its businesses and financial results significantly above those of the previous year in its third quarter figures, published on 31 October. Its performance was primarily driven by Ocean, but Logistics & Services and Terminals also contributed through improved earnings with the third ...
[+]
The CMA CGM Group has signed a joint venture deal with Marsa Maroc to equip and operate for 25 years a 750-meter section of quay and 35 hectares of yard at the Nador West Med container terminal in north-east Morocco. CMA CGM and Marsa Maroc will hold 49% and 51% ...
[+]
