Business
EV Cargo reported EBITDA earnings growth of 84% to £53.3 million, with revenue up 8% to £848.7 million over 2023. Its Global Forwarding & Technology arm, which represents 68% of EV Cargo’s gross profit, increased by 20% as compared to 2023. EV Cargo has completed a number of acquisitions in recent years and opened offices in new regions. It has also increased the Palletforce member network.
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Austrian-based forwarding and logistics company Gebrüder Weiss closed the 2024 fiscal year with net revenues of €2.71 billion, a 10% gain over the previous year’s €2.46 billion.
The Air & Sea sector, the group reported the highest increase in revenue with €939 million, a gain of ...
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Customs clearance specialist Derry Bros has launched a new service taking advantage of the Regime 42 EU procedure. The company will now be able to assist customers, initially in Belgium and France, with streamlining customs clearance and VAT management for goods imported from the UK.
Regime ...
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A consortium comprising shipping line MSC’s Terminal Investment Limited (Til) arm and US investment fund BlackRock-TiL is to acquire an 80% stake in a clutch of 43 ports worldwide from Hong Kong’s CK Hutchison, including Felixstowe, the UK’s main container hub. The $22.8 billion deal ...
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Changes to the EU’s Carbon Border Adjustment Mechanism (CBAM) are in prospect, says the British International Freight Association (BIFA) in an episode of BIFAlink TV (EU CBAM: Will It Be Simplified?)
CBAM will from 2026 require importers to report and pay a charge for carbon-intensive goods ...
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European forwarders group Clecat has welcomed the European Commission’s Omnibus proposals, saying that they are a significant step towards regulatory simplification and reduced administrative burden for many sectors, including the European freight and customs sector. It says that the initiative to streamline compliance obligations across ...
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US President Donald Trump indicated at a meeting with Prime Minister Kier Starmer on 27 February that he would be willing to sign a tariff-free trade deal with the UK - - avoiding the 25% import duties that he is threatening to slap on EU-produced ...
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TT Club revealed the winners of its Innovation in Safety Award in London on 26 February, hosted by the International Cargo Handling Association (ICHCA).
The Turning data into insight prize went to Voxel for its AI powered worksite visibility platform. Pandora Intelligence was highly commended for ...
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DHL eCommerce has acquired an equity stake in Saudi Arabian parcel logistics company AJEX. The Saudi company began its operations in 2021, and its 1,500 team members provide domestic parcel processing and delivery through a network of over 50 facilities and a fleet of more ...
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Teesside International Airport is to develop a Digital Trade Testbed in partnership with Teesside University and Tees Valley Combined Authority. It will demonstrate how digital technology coupled with 5G connectivity can be used to make trade easier, cheaper, more equitable, and sustainable.
The testbed will draw ...
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