Business

Acquisitions

DSV Panalpina warns of job cuts during restructure

By Rachelle Harry

DSV Panalpina Group has announced the possibility of job cuts as it relocates the former Panalpina headquarters (in Basel) to…

Read More

No rest for DSV Panalpina as it plans for more acquisitions

DSV Panalpina is planning to once again hit the acquisition trail in 12-18 months time, with “larger rather than smaller”…

Read More

ECS Group expands Australasia presence with Wexco acquisition

By Damian Brett

Australia and New Zealand-based Wexco (not to be confused with Wexco Cargo GSSA) has been acquired by the ECS Group…

Read More

Larsen steps down as DSV chairman

Kurt K. Larsen has today resigned as chairman and board member of fast-growing Danish logistics giant DSV, having been a…

Read More

FedEx strengthens Latin America operations with Cargex acquisition

By Rachelle Harry

FexEx has announced that it will acquire Colombian freight forwarder Cargex. Cargex, a specialist in the transportation of perishable goods,…

Read More

DSV Panalpina carries out first shipment through its combined network

By Rachelle Harry

DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created…

Read More

Panalpina announces changes to board of directors

By Rachelle Harry

Panalpina has made changes to its board of directors following its merger with DSV. The company said that it had…

Read More

DSV-Panalpina merger creates world’s second largest airfreight forwarder

By Rachelle Harry

DSV has announced that its acquisition of Panalpina will finally be completed today in a deal worth $5.5bn. The combined…

Read More

Swissport targets further acquisitions after refinancing

By Damian Brett

Ground handler Swissport said it will target further acquisitions following the refinancing of debt by the group. Swissport Group today…

Read More

Menzies Aviation expands into Canada with GTO Global Logistics deal

By Damian Brett

Menzies Aviation has acquired Canada-based GTO Global Logistics as the wholesale airfreight provider gains its first foothold in Canada. GTO…

Read More