• XPO logistics spin-off GXO sees ‘massive scope for organic growth and M&A’ Jun 16,2021

  The spin-off of XPO’s logistics division into GXO, planned for the third-quarter (Q3) of this year, will focus on the “massive scope” for organic growth as well as merger and acquisition (M&A)-based expansion, according to a senior company executive.The pitch to potential inv... [learn more]

• PayCargo secures US$125m investment Jun 16,2021

  Rapidly growing freight payment platform PayCargo has attracted a US$125 million Series B investment by global venture capital and private equity firm Insight Partners.The Series B Round comes just nine months after Insight Partners invested US$35 million in a Series A Round with the fintech innovator, which ... [learn more]

• CEVA and Prologis bring art to the logistics park Jun 16,2021

  CEVA Logistics is celebrating a premiere today at its Somaglia site in Italy in which a logistics park has been transformed into an open-air, urban art gallery.As part of property group Prologis’ PARKlife initiative, eight internationally renowned Italian urban artists are using 40,000 square metres... [learn more]

• Latest ocean disruptions ‘highlight fragility of JIT model’ Jun 15,2021

  The latest ocean freight backlogs and challenges following many months of supply chain disruptions have highlighted the fragility of just-in-time (JIT) supply chain models and require cargo owners to rethink their approaches to supply management, according to several freight and logistics industry insiders an... [learn more]

• Police dismantle Port of Algeciras cocaine trafficking network Jun 15,2021

  The Spanish Guardia Civil, with the support of the European union Agency for Law Enforcement Cooperation (Europol) and its European Economic and Financial Crime Centre (EFECC), has dismantled a criminal network that trafficked cocaine from South America to the Port of Algeciras, in Spain.Europol said the ... [learn more]

• Brexit and pandemic hit UK port throughput volumes Jun 15,2021

  The twin impacts of Brexit and the pandemic have had a negative effect on UK port throughput in the first quarter of 2021.Statistics released by the Department for Transport show that total freight tonnage fell 9% year on year between January and March to 103.9m tonnes.Total imports were down 8% to 67.2m ... [learn more]