Contract Logistics News

France's CMA CGM said it had agreed to buy most of Ingram Micro's Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping group's push into end-to-end logistics.CMA CGM, one of the world's largest container shipping lines, said it will finance the acquisition from its own funds and expects the transaction to close in the first half of 2022.The part of Ingram Micro's CLS business being bought specialises in logistics outsourcing for e-commerce and order fulfilment across sales channels…

Following the friendly takeover bid for CEVA Logistics, the CMA CGM Group has implemented a turnaround plan which includes a new governance, a new brand identity and priorities reset. CEVA’s new operations center opened in Marseilles.The CMA CGM Group now holds 99.6% of CEVA's equity. Structural decisions have been made during the second quarter of 2019 to enable CEVA’s financial recovery and create the conditions of a solid and successful turnaround.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, was elected Chairman of the Board of Directors of CEVA Logistics at the Annual General Shareholders Meeting held on 29 April 2019.A new, stronger governance structure has been put in place.

The shipping & logistics company GAC is tapping into the growing contract logistics business potential of the Asia Pacific, Indian Subcontinent and Middle East, with plans to further develop and expand in its operations in the regions.That was the message Lars Bergström, GAC’s Group Vice President for Asia Pacific & Indian Subcontinent, had for the Group’s Contract Logistics Solutions experts who gathered in Colombo, Sri Lanka, to chart GAC’s strategy to increase its share of the business in their regions. They discussed growing demand as a result of the rise of e-commerce, last mile deliveries and technological advancements, as well as the challenges the contract logistics sector faces.According to Transport Intelligence’s Global Contract Logistics 2018 report…

Following the friendly takeover bid for the contract logistics and freight management solutions provider CEVA Logistics, the French container transportation and shipping giant CMA CGM Group now holds 99.4% of CEVA's equity.The shipping Group is resolutely committed to CEVA's financial recovery, and has already taken major structural decisions paving the way for CEVA’s rapid return to profitability.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, was elected Chairman of the Board of Directors of CEVA Logistics at the Annual General Shareholders Meeting held on April 29th, 2019.A new, stronger governance structure has been put in place.

French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16."Merging CEVA's operations into the CMA CGM Group will strengthen its position as a worldwide leader in maritime transport and logistics. Present in 160 countries, the Group will be 110,000 people strong with more than $30 billion in revenue," said a statement from the company.The CMA CGM Group will now be able to meet the logistics needs of its customers around the world with a comprehensive range of solutions across the supply chain…

The global Shipping Software market is valued at 1160 million in 2018 and is expected to reach 1880 million by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.The shipping software market stands tall as one of the most proactive industry verticals, claims a study by Market Study Report LLC. The study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration.A gist of these driving factors, in tandem with myriad other dynamics pertaining to the shipping software market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Shipping Software market…

CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The deal is expected to close in the second quarter of 2019 pending regulatory approval.A press release from the global logistics supply chain company in both…

Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total. In 2014, PKT acquired a strategic 70-acre piece of land in Batu Kawan Industrial Park, Penang, to develop an auto hub, a landmark investment to support the logistics needs of automotive and electronics manufacturers in northern Malaysia.

Shanghai NYK-ANJI Logistics - a joint venture operated by Nippon Yusen Kabushiki Kaisha (NYK), Yusen Logistics and ANJI Automotive Logistics (ANJI) - has begun service under a new name.NYK and Yusen Logistics will use this collaboration to begin efforts to expand their supply chain logistics, particularly in the areas of auto parts logistics and finished car logistics.Until recently, the company had been known as NYKANJI Car Transportation Co. Ltd., a joint venture founded in 2004 by ANJI (51%) and NYK (49%).Over the past decade, NYKANJI Car Transportation Co. Ltd. had offered land transportation for finished cars in China, especially for the Shanghai Automotive Industry Corporation (Group)…

Mitsui O.S.K. Lines has announced that it acquired 20.9% share in PKT Logistics Group (PKT), a leading Malaysian logistics company. PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors. PKT owns and operates state-of-the-art, environment-friendly warehouses at its 'One Logistics Hub' in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total. In 2014, PKT acquired a strategic 70-acre piece of land in Batu Kawan Industrial Park, Penang, to develop the 'One Auto Hub'. The 'One Auto Hub' is PKT's landmark investment to support the logistics needs of automotive and electronics manufacturers in the north of Malaysia.

SAAM, multinational company that provides port, towage and logistics services in 15 countries in Latin America, held this morning a Shareholders’ Meeting, where it reported on the positive results of the 2015 exercise and the perspectives for 2016. In this context, the Company announced investments for US$140 million during the current year, which will be allocated to works being performed by some port terminals. Worthy of notice are the expansions undertaken at San Vicente Terminal Internacional (SVTI) and San Antonio Terminal Internacional (STI) in Chile, in addition to the expansion of Terminal Portuario de Guayaquil in Ecuador. Likewise, said figure will allow increasing and renovating the tugboat fleet, where SAAM is the fourth actor at a global level.

Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry. The main criterion for this acquisition was to cater to the growing requirements not only of coastal shipping but regional trade and commerce as well. India has over 7,000 km of coastline. Considering India’s demography and strategic location as a global trade hub, the coastline will play a major role in coastal shipping services which lead to efficient, cost effective and time saving mode of cargo transport.

Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy. In its Contract Logistics business line, CEVA has established an industry sector and solutions approach led by industry operations experts in Automotive, Industrial, Technology, Consumer and Retail, Healthcare and Energy. This team's role is to drive global standardization and innovation across all of CEVA's vertical sectors while helping its customers meet today's challenges in the marketplace.

CEVA Logistics, one of the world’s leading supply chain management companies, today announced plans to expand its presence in the San Diego market with a new Freight Management and Logistics facility totaling 125,000 sq. ft. (11,612 sqm.) and 23 dock doors. The new facility will be the largest Freight Management and Logistics facility serving the San Diego market and represents the largest new warehouse agreement completed in central San Diego in the past five years. It will combine two current CEVA operations – a customer-dedicated facility presently based in Poway, CA, and the company’s current Freight Management operation, which is located in the same office park as the new facility in Mission Trails Industrial Park…

CEVA Holdings LLC, one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 30 June 2014. Xavier Urbain, CEO of CEVA, said, “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth. Since joining CEVA in January, I have focused on strengthening the executive management team, expanding our current talent base with additional industry experience to drive forward our strategy, building revenue and improving operational efficiency for the benefit of our customers. The numbers show we are gaining traction and are positioned well to make further progress in the future.

GAC, a global provider of integrated shipping, logistics and marine services, has moved Claus Schensema, its previous Managing Director in Shanghai, China, to Houston, Texas, to take the helm of GAC North America Logistics. Schensema brings 25 years’ experience in shipping and logistics to his new role as GAC North America Logistics’ Managing Director, including expertise in international freight forwarding, contract logistics management, automotive logistics, oil & gas support and ship agency management.

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings 25 years’ experience in shipping and logistics to his new role as GAC North America Logistics’ Managing Director, including expertise in international freight forwarding, contract logistics management, automotive logistics, oil & gas support and ship agency management. Prior to his latest appointment, he served as Managing Director of GAC China for 12 years, based in Shanghai. GAC China now has six offices and almost 200 employees providing a wide range of integrated logistics services throughout the country.

Hapag-Lloyd announced changes in its Executive Board resulting from departure of Michael Behrendt and Ulrich Kranich; Anthony J. Rolf Habben Jansen, who has been a member of the Hapag-Lloyd AG's Executive Board since April 1, has assumed the position of CEO effective July 1. He succeeds Michael Behrendt, who left the Hapag-Lloyd AG's Executive Board as scheduled on June 30, as did COO Ulrich Kranich. The new COO is Anthony J. Firmin who joined the Executive Board today after 19 years at the company. Peter Ganz continues as CFO, a position he has held since April 2009.

In its latest report, Global Contract Logistics 2013, Transport Intelligence (TI) found the global contract logistics market grew by 3.4% in 2012 to €159.35 billionn. However this figure hides an increasing divergence in the performance of regional markets, with growth in emerging markets much higher than those in Europe or North America. For example, the Middle East grew at 5.7%, whilst the Asian contract logistics market grew at 6.0%; due to an emphasis on intra-Asian trade. This contrasts with growth in North America which was only 3%, and an even weaker 0.9% growth rate in Western Europe. This gap in performance is set to widen with the outlook for emerging markets through 2016 remaining strong.

Amarcon, a member of the ABB group, announced that it has received an order for two Octopus-Onboard motion monitoring systems for Heavy freight cargo vessels KOREX SPB no.1 & 2 from CJ Korea Express. CJ Korea Express is a result of the merger between Korea Express and CJ GLS. With a head-office in Seoul, the company is providing differentiated logistic services across the globe. The company is South-Korea’s largest total cargo delivery company, providing services as contract logistics, forwarding, stevedoring and international express.

Over 80% of the world’s population resides in what is known as “emerging markets.” This group of countries represents a diverse collection of economies from China to Peru and Ethiopia to Kazakhstan. Combined, emerging markets have witnessed impressive economic growth over the past few years in comparison to developed economies such as the European Union and the U.S. and present great opportunities for logistics and transportation providers. As a percentage of global import and export value, emerging markets have expanded their share over the past four years. From 26.1% of total global import value in 2009, emerging markets now comprises almost a third of global import value at 30.8%.

NOL Group reported net profits of $20 million for the third quarter of 2013, and year-to-date net profits of $61 million. The Group posted year-to-date Core EBIT improvement of 33% or $42 million, from a $127 million deficit in the same period last year. Singapore-based NOL attributed the better showing so far this year to its continuing focus on operational efficiency and cost management. Its two operating companies – APL and APL Logistics – both delivered better 2013 year-to-date performances at the Core EBIT level compared to the same period in 2012.

Group narrows net loss; lifted by $470 million (USD) cost savings and building sale. NOL Group today reported a 2013 net loss of $76 million, improving 82 percent from a $412 million loss the previous year. The group’s full year financial results were helped by a non-recurring $200 million gain from the completed sale of its headquarter building in Singapore, as well as its continued focus on operational efficiency and cost management, which delivered $470 million worth of cost savings in 2013. Coupled with $504 million saved in 2012, NOL had shed almost $1 billion in costs over the past two years. “The delivery of new tonnage in 2013 added to the over-capacity in the container shipping industry.