Logistics
North Carolina Ports has reached an agreement with Sun Valley, Idaho-based Cold Summit Development to further expand its cold chain and cold storage capabilities.Plans for the development of a 280,000 square foot multi suite cold storage facility located on the Ports Raleigh Street property. The facility would offer 40,000 pallet positions and could house a broad range of product categories, including pork, poultry, produce, grocery as well as life sciences ...
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Just under six months after breaking ground, the new PhilaPort Distribution Center reached a new high point in its construction.On August 27, a Beam Signing and Topping Off Ceremony celebrated the placement of the top piece of steel in the new structure underway at the ...
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Agility announced that it expects to complete the sale of its Global Integrated Logistics (GIL) business to DSV Panalpina A/S.
The all-shares transaction gives Agility 19,304,348 DSV shares upon full completion of the deal in all jurisdictions, representing approximately 8% of all post-transaction shares of DSV. ...
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Deutsche Post DHL Group has signed an agreement to acquire up to 100% of J.F. Hillebrand Group AG and its subsidiaries at an equity value of around €1.5 billion. Hillebrand is a global service provider specialized in ocean freight forwarding, transport and logistics of beverages, ...
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Kerry Logistics Network Limited introduced a new Trans-Pacific air freight service to connect multiple Asian locations to the USA to capture the heightened demands in the pandemic-hit air freight market. Named Kerry Freight Controlled Network (KCN), the freight integrator centers on the Americas hub set ...
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Capstone Partners, a leading middle market investment banking firm, released its June 2021 Transportation & Logistics Public Earnings Update, reporting that third-party logistics companies saw record sales due to the shift in consumer behavior towards e-commerce, with the pandemic playing an important role. The demand ...
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As part of its development strategy, CEVA Logistics has announced that it signed an agreement to acquire 100% of the shares of Cargex S.A., an international freight forwarding and perishable goods expert based in Bogotá, Colombia. At closing of the acquisition, CEVA would also take ...
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GEODIS, a global supply chain operator, has reached an agreement to acquire substantially all of the assets of Velocity Freight Transport, Inc., a leading freight brokerage company based in Plano, Texas, from McLane Company, Inc., a subsidiary of Berkshire Hathaway.
"With the acquisition of Velocity, we ...
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Kerry Logistics Network Limited is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends ...
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Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. and the remainder in cash.
Uber Freight’s acquisition of ...
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