Business
The Welsh Government opened the bidding process for the country’s Freeport programme on 1 September. Applicants have until 24 November to complete and submit their bids. The successful bid will be announced in early spring 2023, with the freeport being established by summer 2023.
It follows the agreement between the Welsh and Westminster governments In May to establish a Freeport Programme similar to that in England.
Welsh Ministers agreed to support freeport ...
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AP Moller-Maersk (Maersk) has completed acquisition of Hong Kong-based LF Logistics, for US$3. billion. LF Logistics, which will be rebranded as Maersk, operates omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region. The move will add 223 warehouses to Maersk’s existing portfolio, bringing ...
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AP Moller-Maersk’s APM Terminals (APMT) has agreed to divest its 30.75% shareholding in Global Ports Investments (GPI) to joint venture partner Delo Group, which alsoowns 30.75% of the shares in GPI. It is part of Maersk’s commitment to discontinue activities in Russia earlier this year. ...
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Head of consumer research at ParcelHero, David Jinks is warning that the logistics industry is facing a “perfect storm” with dock, rail and postal workers and even Amazon operatives staging industrial action over the summer.
He said: “It’s estimated that the port strike alone will disrupt ...
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Rhenus Warehousing Solutions is to acquire Danish company DKI Logistics and its warehouse investment affiliate DKI Automatic. Founded in 2001, DKI has 350 employees at seven warehouse locations offering over 280,000sq m and with customers in healthcare, FMCG, furniture, clothing, household appliances and DIY products. ...
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Customs solutions provider C4T, said in mid-August that it was increasingly concerned about the number of UK importers yet to register for, and become familiar with HMRC’s new Customs Declaration Service (CDS). The deadline for migration from the old CHIEF system is 30 September and ...
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Geodis has signed an agreement to acquire US-based operator, Need It Now Delivers. The French forwarder said it would increase its presence in the US in contract logistics and last-mile delivery.
Chief executive Marie-Christine Lombard commented: “The acquisition of Need It Now Delivers is a key ...
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UPS says it plans to acquire healthcare logistics provider Bomi Group. It will add temperature-controlled facilities in 14 countries and nearly 3,000 team members to the UPS Healthcare network in Europe and Latin America.
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Scan Global Logistics (SGL) has acquired German-US operator AFL Logistics in Germany and American Freight Line SE (AFL) in the US. The Copenhagen-headquartered forwarder said the move would strengthen its position in the automotive sector. It is SCL’s ninth acquisition in 2022. The company bought ...
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HMRC is warning that 3,500 businesses risk losing the ability to import goods if they fail to switch to the Customs Declaration Service for import declarations from 1 October.
It says that while many businesses are already using CDS, around 3,500 businesses are yet to move ...
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