STOCKHOLM – Swedish retailer Clas Ohlson said on Tuesday it will invest 400-450 million Swedish crowns ($38-43 million) to upgrade its main distribution centre, betting on automation to fuel long-term growth in both store and online sales. The board-approved investment will modernise the company’s logistics hub in Insjön, Dalarna, the town where it was founded over…
EDEN PRAIRIE Logistics giant C.H. Robinson Worldwide Inc. reported a sharp increase in third-quarter profit, crediting its strategic overhaul for allowing it to gain market share and improve efficiency even as the freight industry remains in a prolonged slump. The company said that net income surged 67.6% to $163 million, or $1.34 per share, for…
TOKYO: Japanese distributors ARATA CORPORATION and PALTAC CORPORATION, along with data exchange firm PLANET, INC., said on Monday they will establish a new company to centralize product information management for the consumer goods industry. The new venture, Product Registry Services, Inc., aims to create a single, standardized source for product data – such as descriptions…
ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday. The pact, valued at over $300 million, will see ADNOC L&S build, own and operate the port at the TA’ZIZ…
SEATTLE Cadogan Tate, a global leader in high-value art and interiors logistics, announced today it has acquired Trefethen & Co Bader & Olson (“Trefethen & Co”), a Seattle-based specialist in furniture receiving, warehousing, and installation. The move solidifies Cadogan Tate’s physical presence in the key U.S. Pacific Northwest market. This acquisition marks the seventh strategic…
Net profit for the six months to June 30 fell to 14.1 million euros ($15.1 million) from 29.1 million euros a year earlier AMSTERDAM: Ferrari Group PLC (FERGR.AS), a specialist logistics provider for the luxury goods industry, reported a fall in first-half net profit, weighed down by a one-off provision linked to an Italian customs investigation….
Cash generated from operations surged to $2.63 billion, up 25.6% from the prior year DUBAI: DP World reported robust financial results for the first half of 2025, with revenue rising 20.4% year-over-year to $11.24 billion and adjusted EBITDA climbing 21.4% to $3.03 billion, despite ongoing geopolitical tensions and supply chain disruptions. The global logistics giant…
TONTITOWN: PAMT Corp (NASDAQ: PAMT) announced a consolidated net loss of $9.6 million for the second quarter ended June 30, 2025, significantly wider than the $2.9 million loss reported in the same period last year. The company reported a diluted and basic loss per share of $0.46, compared to a loss per share of $0.13…
Ransa, the leading third-party logistics (3PL) player in Latin America, has acquired Loginsa, a Chilean 3PL company specialized in cold and dry storage, distribution, and customized logistics. The deal, backed by H.I.G. Capital, a global alternative investment firm, strengthens Ransa’s footprint across the entire Pacific Coast of Latin America, spanning 12 countries from Mexico to…
PARIS: CMA CGM, a global leader in maritime transport, announced today that it has completed the purchase of Bolloré Logistics, a leading transport and logistics company in France and worldwide. The deal, worth 4.85 billion euros, is based on the estimated debt and cash on the closing date. It also includes the transfer of Bolloré…
LONDON: GXO Logistics, Inc. (“GXO”) has announced a cash offer for Wincanton Plc (“Wincanton”), a leading UK provider of supply chain solutions, valuing the company at £762 million. Wincanton shareholders will receive 605 pence in cash for each share they hold, a 26 per cent. premium over the final offer from CEVA, a rival bidder,…
Axis Global Logistics, a leading provider of mission-critical supply chain management solutions and end-to-end services, announced the appointment of Jason Bergman as its new CEO. Bergman will oversee the strategic direction and growth of the company, which serves marquee clients in the luxury retail, aviation, life sciences, professional services and other high-touch, high-demand end markets…