Business
Wincanton Directors have recommended an offer to buy the company by GXO for about £762 million, or £6.05 per share, 26% higher than that made by CMA CGM subsidiary Ceva Logistics in February.
West Country-based Wincanton operates more than 170 sites across the country with a 20,300-strong team – including 5,000 drivers – and a fleet of 8,500 vehicles, mainly involved in domestic UK and Irish distribution.
US-owned GXO, which already owns ...
[+]
Forth Ports outgoing chief executive Charles Hammond has received a Lifetime Achievement Award from Edinburgh Chamber of Commerce. Charles Hammond, who already has an OBE, steps down from the Scottish and English ports operator after 23 years later this year. He received the accolade at ...
[+]
CMA CGM Group has almost completed its acquisition of fellow French company Bolloré Logistics to CMA CGM, after the European Commission has approved the deal in late February.
Transfer of Bolloré Logistics Sweden to CMA CGM remained subject to foreign investment clearance in that country, at ...
[+]
A bidding war for Wincanton is emerging after it was revealed that US-owned GXO Logistics was also interested in acquiring the UK-based logistics company.
The US firm’s move came on 26 February, about three weeks after CEVA Logistics, a subsidiary of CMA CGM, said it had ...
[+]
The European Commission has approved CMA CGM’s acquisition of fellow French company of Bolloré Logistics. Approval is conditional on divestment of all Bolloré Logistics' activities in Guadeloupe, Martinique, Saint Martin, and French Guiana; and of a number of assets in metropolitan France linked to these ...
[+]
International Logistics Group (ILG), the e-commerce fulfilment arm of the Yusen Logistics/NYK group of companies has acquired enterprise carrier management (ECM) company, Global Freight Solutions, for an undisclosed sum.
The move will help GFS accelerate development of its multi-carrier ECM platform.
Established more than 20 years ago, ...
[+]
DP World Trade Finance says it has financed non-oil trade worth more than AED 1 billion (£215m) for the UAE a year after signing a deal with Etihad Credit Insurance. It adds that a significant portion of the transactions were from small and medium-sized enterprises ...
[+]
Clarion Events, Organisers of the Multimodal supply chain event say that they have seen a surge in visitor registrations for the show at Birmingham’s NEC on 11-13 June.
Multimodal 2024 already has over 230 exhibitors signed up, including Amazon, CEVA Logistics, DP World, Hapag-Lloyd, Kuehne+Nagel, Maersk, ...
[+]
Turkish Cargo, the air cargo brand of flag carrier Turkish Airlines, received "Innovative International Cargo Airline of the Year" award at the "International Award for Excellence in Air Cargo" ceremony, held by Stat Trade Times magazine. Turkish Cargo has been also awarded as the most ...
[+]
CLECAT (European Association for Forwarding, Transport, Logistics and Customs Services) and the European Shippers Council have warned Members of the European Parliament that the EU Customs Reform proposal could have unforeseen consequences.
While supporting the overall objectives of the plan, they say that the programme is ...
[+]
« Back
More »
