10 May 2021 – E-commerce has been a rapidly advancing trend for years, and the COVID-19 pandemic has further accelerated the growth of online sales along with the demand for e-commerce services in both B2B and B2C. To expand its expertise and complete its service portfolio, cargo-partner has purchased the German-based company Repalog – a…
1 May 2021 – SecurCapital, an expanding investment firm that specializes in partnering with mid-tier supply chain and financial services providers, has announced the acquisition of BIG Logistics, a privately-owned, leading 3PL provider with warehouse locations in four distribution and gateway strategic cities. In addition, to their pharmaceutical licensed temperature-controlled warehousing, fulfillment, transload, and e-commerce…
27 April 2021 – It’s big news that will shock no one. Some two years after DSV leapt into the list of forwarding superstars with its bold acquisition of Panalpina, it is now adding some $4bn to annual revenues with the acquisition of Agility’s Global Integrated Logistics (GIL). It’s a new twist in an old…
17 March 2021 – Ambitious AIT Worldwide Logistics has been taken over by private equity firm The Jordan Company (TJC) in what is expected to mark the start of another period of growth for the forwarder. Its partnership with its PE owner Quad-C Management has come to an end as the company recapitalises. TJC doesn’t…
22 February 2021 – Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia. Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn. The deal is the largest…
Dec 9 2019 / Lexology Sanctions Contractual Provisions Were Insufficient to Avoid OFAC Liability On November 7, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $210,600 settlement agreement with Florida-based Apollo Aviation Group, LLC (“Apollo Aviation”) to resolve 12 apparent violations of OFAC’s Sudan Sanctions Regulations (“SSR”).[1] OFAC…
By Richard Clayton, Chief Correspondent Dec 6 2019 / Lloyd’s loading List Logistics businesses have come late to the digital era. The sector is plagued with legacy systems and processes politely described by external observers as “out-dated”. Senior management is split between those who understand the tremendous potential of analysing customer data and those who…
By Will Haraway Dec 3 2019 / Resilience360 TROISDORF, Germany, Dec. 03, 2019 (GLOBE NEWSWIRE) — Resilience360 has released the results of a customer survey launched to assess the impact of the U.S.-China trade war for companies with global manufacturing networks. Among other findings, the results revealed that two-thirds (66%) of the nearly 300 customer…
By James Baker Oct 30 2019 / Lloyd’s Loading List After taking control of CEVA Logistics, CMA CGM is going further down the supply chain with a collaboration with an online delivery service. CMA CGM, the French container transportation and shipping company, is extending its vertical integration of the logistics supply chain with Wing, an…
By Reinhard Poelzl Oct 24 2019 / Logistics Viewpoint Historically, governments have focused on the exporter of record when looking for sanction or embargo violations, including of the movement of sensitive dual-use products and technologies across borders. However, all parties to an export transaction, including freight forwarders and carriers, are subject to the same rules,…
