Private equity firm Great Range Capital (GRC) has announced the acquisition of LLL Transport, a specialty transportation company employing more than 130 people across the Midwest. "LLL Transport fit squarely with our investment criteria and performed extremely well through the recent recession," said Ryan Sprott, co-founder and Managing Partner. "And with additions to the management…
DHL Global Forwarding has acquired Lufthansa’s 50% ownership in joint venture company LifeConEx. The end-to-end life sciences cold chain logistics provider is now a 100% DHL subsidiary. "After running the innovative specialised logistics service together for six years, DHL Global Forwarding and Lufthansa Cargo agreed that a change in ownership would best prepare LifeConEx to…
EUR 340 million investment: Deurganckdock lock provides port access to the world’s largest vessels. In a few weeks the first ground will be broken in Antwerp for a giant port construction project. The largest lock in the world will be built at the head of the Deurganckdock on the left bank of the Scheldt river….
The Panama Canal Authority joined the Port in Corpus Christi today at the Congressman Solomon P. Ortiz International Center to celebrate the Port’s 85th anniversary and sign a memorandum of understanding (MOU) to work with one other to promote trade opportunities. With cotton as its first cargo, 85 years ago Port Corpus Christi opened its…
As the US struggles with high unemployment and a listless economy, it is faced with an infrastructure system that desperately needs updating. The last notable investment in US infrastructure dates to the 1950-1960s period when the interstate system was built. Many changes within the country have occurred since then. However, the infrastructure has not been…
Deutsche Post DHL has announced it will invest approximately €750m in the modernisation of its German-wide parcel network. Given the consistent growth in parcel volumes, the parcel business has already become an important pillar of the Mail division. Mail order-business in Germany has seen consistently growing online sales figures, which serves as further confirmation of…
UPS has announced plans to significantly expand its European air hub facilities at Cologne/Bonn Airport in Germany. The expansion project, due to be completed by the end of 2013, will include a major extension to the existing building. This extension will be partially dedicated to processing larger freight shipments. Together, these initiatives will significantly increase…
In the search for new logistics markets, China has always been an obvious target due to the prospect of huge and sustained growth. In a new stage of this development, global logistics service providers are establishing domestic road networks. The movement of economic development in China westward has triggered a change in the type of…
Old Dominion Freight Line Inc. has opened its newest service centre in Madison, Wisconsin (US), after experiencing sustained growth in the region. The move, part of a $100-120m investment that Old Dominion is committing to expansion projects in 2011, will bolster the company’s existing presence in Wisconsin, where the trucking industry hauls nearly 90% of…
About eight million hybrid cars will be made in 2021, each with a range extender, the additional power source that distinguishes them from pure electric cars. Add to that significant money spent on the same devices in buses, military vehicles, boats and so on and a major new market emerges. This unique report is about…
Die europaweit aktive Spedition Transalliance wird ihre rund 4.000 Sattelauflieger bis Ende 2011 mit dem Trailer-Management-System TX-Magellan Geo von Transics ausrüsten. Alle Transalliance-Zugmaschinen sind bereits seit 2002 sukzessive mit zeitgemäßen Transics-Bordcomputern ausgestattet worden. Mit der neuen Trailertelematik will die zu den führenden französischen Speditionen gehörende Gruppe ihre Aufliegernutzung effizienter und rentabler gestalten. Transalliance ist auf…
To meet the constantly growing demand for logistics services and warehouse space in Duisburg, Germany, Kuehne + Nagel has further expanded its logistics facilities at the logport site, which have been in operation since 2003. The new building consists of seven sections and a warehouse space of 42, 000 sq m. For a major FMCG…
FedEx Express, a subsidiary of FedEx Corp., has announced the launch of FedEx Express Nacional, a domestic next-business-day service providing express shipping solutions for businesses in Colombia’s main cities (Bogotá, Medellín, Cali, Barranquilla, Cartagena and Bucaramanga). It also serves multinationals who move goods within the country. Earlier in 2011, FedEx Express began providing a direct…
Die europaweit aktive Spedition Transalliance wird ihre rund 4.000 Sattelauflieger bis Ende 2011 mit dem Trailer-Management-System TX-Magellan Geo von Transics ausrüsten. Alle Transalliance-Zugmaschinen sind bereits seit 2002 sukzessive mit Transics-Bordcomputern ausgestattet worden. Transalliance ist auf Landtransport- und Logistiklösungen spezialisiert, verfügt über 60 europäische Standorte und mehr als 3.200 Zugmaschinen. Die mit Transics-Bordcomputern ausgestatteten Fahrzeuge sind…
First turn of the sod for TLC Temmel’s new logistics centre in Ilz, Styria The Graz-based logistics specialist TLC Temmel has recently started tackling a new major project. The Unger Steel Group will construct a 15,000m² logistics centre for TLC in Ilz, Styria. A 12,438m² logistics hall shall be finished by the end of December…
CSX has announced that a $59m intermodal freight terminal expansion is underway in Columbus, Ohio (US). This terminal expansion is part of the National Gateway initiative, linking deep water east coast ports with Midwestern markets. The overall project covers six states and the District of Columbia and includes rail capacity enhancements and intermodal terminal capacity…
APM Terminals has signed a $992m 33-year concession contract with the Costa Rican Government to design, finance, construct, operate and maintain the new Moin Container Terminal (TCM) on the Caribbean coast. 80% of the country’s commerce is handled in the current port complex of Puerto Limon/Moin. Henrik L. Pedersen, Vice-President, Business Development for the Americas…
The freight forwarding industry has historically been a fragmented one. Small ‚local heroes‘ based in one location could compete with larger forwarders by using their agility and industry knowledge. There has been the implication that this is changing. Kuehne + Nagel in particular has reported increases in volume and sales that appear to be above…
The Japan logistics market is being influenced by a number of trends, including ageing logistics stock, demand for larger facilities due to consolidation, and an undersupply of high quality, modern logistics facilities. In this context, and following a detailed assessment of the opportunities available in the market, including options to acquire portfolios of completed assets,…
Tradeteam is investing in 60 new ‚teardrop‘ trailers. The investment forms part of Tradeteam’s Secondary Distribution fleet replacement programme.The decision follows the addition last year of 113 teardrop trailers to Tradeteam’s Primary Distribution fleet, as part of its company-wide Go Green commitment. Focusing on short deliveries to inner city and town locations, the new trailers…
UPS announced the purchase of 100 all-electric delivery vehicles for deployment in California, bolstering UPS’s efforts to reduce the emissions of its truck fleet and improve its energy security. The 100 vehicles will be acquired from Electric Vehicles International (EVI) and will replace older generation diesel trucks. These electric vehicles will have a 90-mile range…
Toll Group has reported sales revenue of A$8.2bn for the year ended June 30, 2011, up 18% on the prior year. Total operating profit (EBIT) was A$436m, up 7%. Net profit after tax was A$295m, up 4%. Commenting on the result, Paul Little, Managing Director of Toll said: "This is a very credible result for…
Whilst the three major economies of Europe may be becalmed over the next quarter or two, there are still parts of parts of Europe that are growing vigorously. In particular, the Baltic region is seeing double digit growth in volumes, driven both by the strength of the Scandinavian and Baltic states‘ economies as well as…
German Equity Partners III (GEP III), der von ECM Equity Capital Management (ECM) verwaltete Eigenkapitalfonds, veräußert seine mehrheitlich gehaltenen Anteile am Anbieter von europaweiten Direkt- und Expresstransporten IN tIME Express Logistik GmbH (IN tIME), Hannover, an Barclays Private Equity (BPE) Deutschland. Das bestehende Management-Team bleibt weiterhin signifikant am Unternehmen beteiligt und reinvestiert im Rahmen dieser…
Express-1 Expedited Solutions, Inc. has announced its financial results for the second quarter of 2011. Total revenue from continuing operations for the second quarter was $44.1 million, a 9.3% increase from the same period in 2010. Net income from continuing operations for the second quarter was $0.9m, or $.03 diluted earnings per share, compared with…
Lehnkering Reederei GmbH boosts its position in the gas inland waterway shipping sector by continually rejuvenating its fleet: In mid-August 2011 Lehnkering Reederei GmbH added a modern double-hulled gas tanker to its inland waterway fleet. The newly constructed liquid gas vessel LRG GAS 88 picked up its first load in the Netherlands and is used…
Port of Rostock takes action to consolidate its position as a Baltic Sea hub for ferry and ro-ro traffic with Central and Eastern Europe: Rostock Port is running a comprehensive investment program. In 2011 about EUR 50 million will be invested to improve the port infrastructure. About EUR 15 million thereof are budgeted for the…
Silting of three harbour basins until 2012 enlarges logistics park at Port of Linz to 66.5 ha: As warehousing capacity and the container terminal at the Port of Linz are used to their full capacity, the long-term planned silting project is now being implemented. From August 2011 to December 2011 the water surface of…
Unitech Europe, Entwickler und Produzent von Mobilen Datenerfassungsgeräten stellt den neuen PA690 vor. Es ist das neueste professionelle PDA aus diesem Hause. Das neue Industriegerät mit dem einzigartigen, großen LCD Display von 3.8 Zoll beinhaltet allumfassend sämtliche Funktechnologien, welche Außendienstmitarbeiter in den verschiedensten Märkten benötigen und erwarten. Auf die Displaygröße kommt es an Anders als…
According to PwC US, transportation infrastructure deals remain attractive, with regional domestic local transactions accounting for almost 75% of deal volume. Deal activity in the transportation and logistics industry jumped nearly 15% in the second quarter of 2011 compared with the prior year period, according to Intersections, a quarterly analysis of global M&A activity in…
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