Uber will acquire San Francisco-based food delivery company Postmates for approximately USD $2.65 billion (AUD $3.79b) in a bid to accelerate a path to profitability.
ACFS Port Logistics is set to acquire Kerry Logistics’ warehouse and transport business in Adelaide, effective 6 July 2020.
Supermarket giant Coles has officially signed the acquisition contract and purchased one of its major customers.
Maersk is expanding its US warehousing network with a $890 million acquisition. Read more
Supermarket giant Coles is a step closer to purchasing one of its major customers. Read more
An American transportation and logistics company has acquired a major stake in Kuehne + Nagel UK contract logistics portfolio.
ARA Asset Management Ltd (ARA) has announced its acquired a majority stake in LOGOS.
LOGOS will now operate as ARA’S platform for logistics assets globally.
Swiss logistics company Panalpina Welttransport Holding, which was acquired by DSV in 2019, has made the decision to cut over 4,000 jobs from the European freight forwarding company DSV Chief Financial Officer Jens Lund said in an interview Thursday.
A.P. Moller – Maersk has announced a new $821 million agreement with US-based warehousing and distribution company to boost its logistics and services.
Texas-based Emergent Cold is moving further into the Australian market with the acquisition of Victoria- based Oxford Cold Storage.
According to a statement released by the company, this acquisition complements the broader Emergent Cold strategy of creating a global network of cold chain businesses and is subject to regulatory approval.
The organisation recently acquired Australian businesses Swire Cold Storage and Montague Cold Storage.
“This is a very exciting time for the Oxford business. The Emergent acquisition provides our staff with increased opportunities and career development. It will also provide for the opportunity to service clients across Emergent’s substantial geographical footprint and to increase our service offerings,” Paul Fleiszig, Oxford’s Operations and Marketing Director said.
“We look forward to welcoming the Oxford Cold Storage team to the Emergent Cold network. Combining Oxford with our platform will further strengthen our offering to the Australian and International market,” Neal Rider, CEO of Emergent Cold said.
Emergent Cold was founded in 2017 with the vision to be the leading global cold chain services partner for its customers. Emergent Cold has grown through a combination of business acquisitions and new greenfield developments and now has a network of 42 cold stores in five countries.