Business
Stena is to become sole owner of Swedish transport and logistics company NTEX, subject to approval by relevant authorities. The ferry company bought a 75% stake in the firm in 2020 and has now purchased the remaining 25%. NTEX operates 20 offices in 12 countries in Europe, over 1,000 employees and a turnover of around SEK4 billion. The company owns and leases around 1,500 trucks and has 16 terminals and ...
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Langdons, the UK arm of the STEF temperature controlled logistics network, has acquired Scottish-based transport and logistics company Long Lane Deliveries. A family-run group established in 2002 and a long-standing partner to Langdons, Long Lane Deliveries specializes in the transport and logistics of chilled, frozen, ...
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The Bloomberg news agency is reporting that Danish transport and logistics group DSV and a consortium led by CVC Capital Partners have separately put in binding bids for DB Schenker, the forwarding and logistics arm of Germany’s Deutsche Bahn rail group.
The bids value the company ...
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The Freightos online booking platform has acquired online freight-tender procurement specialist Shipsta, used by companies to procure freight from forwarders and carriers. Freightos said the move would add tender procurement to its existing spot pricing, quoting, and booking capabilities.
Shipsta, headquartered in Luxembourg, offers tender management ...
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DP World reported an increase in revenue increased of 3.3% to $9,335 million, driven by its ports and terminals and like-for-like gross container volume growth of 6.1% in its results for the first six months to 30 June 2024.
Adjusted EBITDA earnings fell 4.3% to $2,497 ...
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Humber Freeport says that over £1bn of new investment has been pledged 12 months on from its launch.
Investments committed to tax sites in Hull and Goole are expected to create more than 700 skilled jobs, in sectors ranging from advanced manufacturing and technology to ports ...
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Digital road freight forwarder Sennder is to acquire the European Surface Transportation operations of US-owned global logistics provider CH Robinson, for an undisclosed sum.
Sennder says the combined business will become a top five full truck load (FTL) player in Europe , with a combined revenue ...
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NTG Nordic Transport Group’s NTG Germany arm has signed an agreement to acquire 100% of road and logistics services provider Schmalz+Schön Holdings.
The company has 330 employees and 27 sites across Germany, doubles NTG’s revenue in Germany and significantly strengthens the company’s European network.
Founded in 1959, ...
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TT Club has confirmed Kevin King as its new chief executive, completing a move announced last year. King was deputy chief executive Charles Fenton over the last year, working closely to complete a smooth transfer of responsibilities. He has officially taken up this position from ...
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DHL Group said its second quarter 2024 revenue was slightly higher than in the previous year at €20.6 billion versus €20.1 billion despite the persistently weak economic environment. However, operating profit (EBIT) was below the prior-year level at €1.35 billion (Q2 2023: €1.7 billion). However, ...
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