Business
Agility Public Warehousing Company has reached agreement on a recommended cash offer to acquire 100% of airport handling company John Menzies , for about £571 million on a fully diluted basis and £763 million on an enterprise value basis.
The board of Menzies intends unanimously to recommend the cash offer to its shareholders.
The combined group is expected to be the largest airport services company in the world by the number of ...
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The British International Freight Association (BIFA) has welcomed a commitment by HMRC to better communicate with traders on the switchover from the Chief computer to the new Customs Declaration Service (CDS) – which it described as the most significant change in the processing of customs ...
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Port handling equipment makers Cargotec and Konecranes have cancelled their planned merger after it was blocked by the UK Competition and Markets Authority (CMA). , The European Commission had conditionally approved it on the basis of a remedy package, but the latter was rejected by ...
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XPO Logistics has divested its North American intermodal business to STG Logistics for about $710 million. The divested operations provide rail brokerage and drayage services; 48 locations and approximately 700 employees have transferred to STG.
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EV Cargo has acquired and will merge with Netherlands-headquartered Fast Forward Freight. EV Cargo has become the sole shareholder of Fast Forward Freight (and its trading subsidiaries), with the current owners of Fast Forward Freight becoming shareholders of EV Cargo. Fast Forward Freight will be ...
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The British International Freight Association is urging its members to provide their views on government plans to create a £180 million UK Single Trade Window to streamline trader interactions with border agencies. It is currently midway through a 12-week consultation on the issue.
BIFA says it ...
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Logistics UK’s policy manager for Northern Ireland, Seamus Leheny, discussed the impact of Brexit and the Northern Ireland Protocol when he met US President Joe Biden, at the White House St Patrick’s Day reception.
Part of a week-long visit to the US capital, the meeting gave ...
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The UK’s Competition and Markets Authority approved Deutsche Post DHL’s acquisition of specialist beverages forwarder JF Hillebrand on 15 March. DP DHL had signed an agreement to acquire up to 100% of r JF Hillebrand Group and its subsidiaries for around €1.5 billion and planned ...
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Austrian forwarding and logistics company Gebrüder Weiss posted preliminary net sales of €2.54 billion for the 2021 financial year, up 43% on 2020. More than 70% of the increase was generated by the Air & Sea business as the global shortage of cargo capacity led ...
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The Multimodal exhibition and conference on 14-16 June at Birmingham NEC is on track to welcome over 9,000 visitors with 250 companies signed up to exhibit, say the organisers.
Maersk and DP World will set the scene in a discussion chaired by Peter Livey, managing director ...
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