Business
UK and Central Europe specialist forwarder Xpediator reported profits before tax of £0.2m in the first half of 2022, compared with £2.3m in the first half of 2021. Adjusted earnings per share were 0.27 pence compared with 1.58 pence in H1 2021.
The company said that the fall in profits was primarily due to a combination of higher costs, weaker than planned trading by some areas of the business in the ...
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European freight ferry operator CLdN is to acquire all shares in Irish Sea carrier Seatruck Ferries from its Danish owner, Clipper Group, for an undisclosed sum.
The deal is subject to regulatory approval from the Irish competition authorities, expected before year-end.
Seatruck Ferries carries about a fifth ...
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HM Revenue and Customs (HMRC) says that traders will still be able to use the Chief customs system for import declarations after 1 October, under certain circumstances.
It says that while it still expects import declarations to be made through the new CDS system from that ...
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DB Schenker has completed its previously announced acquisition of USA Truck. Founded in 1983, USA Truck operates a fleet of about 1,900-unit vehicles and has 2,100 employees, and partnerships with more than 36,000 active contract carriers, with terminals across the Eastern half of the US ...
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DHL says that global trade has proved to be surprisingly strong despite recent shocks in its latest report. The DHL Trade Growth Atlas, produced in conjunction with NYU Stern School of Business, found that international trade in goods was as much as 10% above levels ...
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German logistics company Deugro has signed an agreement to sell its Russian business to its former local management. It says it has now completely divested its interests in the country.
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Transmec will acquire an initial 67% stake in TNA, which is a major player in Tunisia and Morocco with its own branches in Tangier and Tunis, as well as the main Italian ports of the Tyrrhenian Sea
It has a turnover of €38 million , a ...
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Deutsche Post DHL Group’s DHL Supply Chain has acquired Mexico-based pharmaceutical and healthcare logistics specialist, New Transport Applications (NTA).
NTA serves more than 80 customers with services that include the storage and transportation of products that require refrigeration and temperature control. It makes more than 165,000 ...
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EV Cargo has acquired 75% of Spanish-based Air Express Cargo from its founding family owners.
Formed in 2004, and operating out of offices in Madrid, Barcelona and Valencia, Air Express Cargo provides air and sea freight forwarding and customs brokerage services across Spain.
The acquisition of Air ...
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Two in five British brands are considering switching to UK manufacturers as shipping costs rise, according to a survey on behalf of global fulfilment firm ShipBob. Research partner CensusWide surveyed more than 750 founders of UK brands that sell consumer goods online that have between ...
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