A.P. Moller-Maersk (Maersk) has ordered 110 more Volvo VNR Electric Class 8 trucks for its North American operations from Swedish truck manufacturer Volvo Trucks. With the additional order, the Danish container logistics company has increased its total commitment to 126 electric trucks in the region. Maersk expects the Volvo VNR Electric Class 8 trucks to […]
Mahindra Logistics Ltd. (MLL), an Indian third-party logistics (3PL) solution provider, has acquired a stake of 60% in ZipZap Logistics, a last-mile logistics service provider that operates under the brand ‘Whizzard’. The consideration for the acquisition is INR 71.73 crores to be paid in cash. Founded in 2018, the Hyderabad-based Whizzard runs an intracity distribution […]
MercuryGate International, a US-based transportation management system (TMS) provider, has unveiled an advanced software platform dubbed Smart Transportation. The Software-as-a-Service (SaaS) product suite features MercuryGate Final Mile and Claims Management solutions, which are designed to make shipping intelligent, easier, sustainable, and transformative for customers. Smart Transportation is expected to help shippers, brokers, third-party logistics providers […]
ID Logistics, a European contract logistics firm, has signed a $240 million worth deal to acquire Kane Logistics, an American pure player in value-added warehousing and contract logistics. The acquisition of the third party logistics provider will help ID Logistics increase its footprint in the US with 20 new locations with a combined area of […]
H.I.G. Capital said that one of its affiliates has purchased a majority stake in Berardi Bullonerie, an Italian distributor of fasteners and supplier of integrated logistics services, for an undisclosed price. Established in 1919, Berardi Bullonerie has 14 warehouses in Italy in addition to commercial offices in Croatia and Morocco. Raffaele Legnani — H.I.G. Capital […]
A.P. Moller – Maersk (Maersk) said that it has joined forces with Ispahani Summit Alliance Terminals Limited (ISATL) for the construction of a 200,000sft custom bonded warehouse in Chattogram, Bangladesh. ISATL is engaged in constructing and operating warehouses and container freight stations (CFS). The Bangladesh-based firm is operating four container freight stations within Chattogram and […]
Mahindra Logistics (MLL) has signed a long-term lease agreement with LOGOS, an Asia Pacific logistics specialist, for developing 1.4 million square feet (mmsf) of warehouse facilities located at the LOGOS Luhari Logistics Estate in Delhi-NCR. According to the Indian third-party logistics (3PL) solutions provider, the transaction marks the largest warehousing facility in a single park […]