Freight News
The UK’s Competition and Mergers Authority (CMA) has decided to refer US-owned GXO Logistics acquisition of UK logistics firm Wincanton for an in-depth, phase 2 investigation unless the parties undertake to address these competition concerns.
A GXO spokesperson said: “We are reviewing the decision and will continue to engage constructively and collaboratively with the CMA to secure a positive outcome. We strongly believe that the transaction will deliver meaningful benefits for ...
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FedEx Corporation has opened an automated sorting facility at its Memphis World Hub. The LEED Certified building, which is now fully operational ahead of the holiday peak season, spans 1.3 million square feet across four levels, includes11 miles of conveyor belt, has dedicated space for ...
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Finnish-headquartered Nurminen Logistics Services has acquired ILP-Group Logistics, which operates in Vantaa and Espoo. ILP-Group Logistics has operated since 1994 specialising in warehousing services, sea, air, and road transport and forwarding and has a revenue forecast for 2024 of €4.5 million. Nurminen said the move ...
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AP Moller-Maersk says it has achieved growth across its businesses and financial results significantly above those of the previous year in its third quarter figures, published on 31 October. Its performance was primarily driven by Ocean, but Logistics & Services and Terminals also contributed through ...
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The CMA CGM Group has signed a joint venture deal with Marsa Maroc to equip and operate for 25 years a 750-meter section of quay and 35 hectares of yard at the Nador West Med container terminal in north-east Morocco. CMA CGM and Marsa Maroc ...
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American Airlines Cargo has relocated 16-year-old Bengal tiger Lucy from an Eco Park in Mendoza, Argentina to The Wildcat Sanctuary in Sandstone, Minnesota. The former Mendoza Zoo is being turned into an Eco Park and its animal residents are being moved to sanctuaries where they ...
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The Sutton and Broadhurst families have completed the sale of their interest in Suttons Tankers Holdings and its trading subsidiary, Suttons Tankers to Netherlands company Schenk Tanktransport. The transaction does not affect the European and global ISO-tank operations of Suttons International, which remain fully owned ...
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DHL Express officially opened a new service centre at Gatwick at a ceremony in the presence of local MP, Mims Davies.
The area has seen an increase in parcel shipments, calling for a larger facility. The new £37 million facility includes a £2m automated shipment processing ...
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Not even zero growth in November and December could deflect the global air cargo market from landing a year of unexpected double-digit demand growth in 2024, says analyst Xeneta.
In its latest report, published on 31 October, it says that healthy volumes of +11% in October ...
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The An Bord Pleanála (Irish planning board)’s decision that it will propose restrictions on Dublin Airport night flights will severely hamper businesses, says FTA Ireland.
It says that the long-delayed decision, which proposes the introduction of both a noise quota system and cap on flights, will ...
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