In a bold move signaling its unwavering commitment to industry growth and enhanced capabilities, Challenge Group, the end-to-end solution provider for complex verticals, announces the acquisition of an additional Boeing 747-400F aircraft. This strategic decision demonstrates Challenge Group's con...

Nippon Express Holdings, Inc. has successfully completed the acquisition of multiple subsidiaries of cargo-partner Group Holding AG, a significant move in the global logistics sector. The share transfer agreement, finalized on May 12, 2023, involved cargo-partner subsidiaries, including Multi Tra...

UPS has announced that it has completed the acquisition of MNX Global Logistics (MNX), a global time-critical logistics provider. The acquisition closed on Nov. 2, 2023, following all required regulatory approvals. The acquisition of MNX expands UPS's capabilities of time-critical logistics, espec...

Rhenus consolidates its foothold in Central-East Europe by acquiring Hungarian freight forwarder ITS Logistics Hungary KFT, just a few months after the successful integration of Croatian logistics provider Trans Integral d.o.o. This new development emphasizes just how committed Rhenus is to provi...

CEVA Logistics announced today that it has signed an agreement to acquire 96 percent of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders. Started in 2016 by Anshuman Singh, Stellar Value Chain Solutions in India has grown in...

Mediterranean Shipping Company (MSC) has recently made a significant move by acquiring a majority stake in AlisCargo, an air freight carrier based in Milan. This strategic acquisition marks a crucial step for MSC as it aims to enhance its air cargo solution capabilities, ultimately benefiting its...

IBS Software has announced the completion of a transaction to acquire Accenture Freight and Logistics Software (AFLS). AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation. The...

EV Cargo, a Hong Kong headquartered global freight forwarding and supply chain services company, has announced, subject to merger control approval, the acquisition of the remaining 60% of the shares of Allport Netherlands from its joint venture partner, making EV Cargo the sole shareholder of the co...

SATS Ltd. (SATS) today announced it has finalised its funding plan for the proposed acquisition of Worldwide Flight Services (WFS). In view of current market conditions, the funding plan for the total acquisition cost of S$1.8 billion has been structured to comprise a balanced mix of term loan an...

Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, today announced that its shareholders voted to approve the Company’s pending acquisition by an investor group led by funds managed by affiliates of Apollo Global Management, Inc., together with i...

UPS  yesterday announced the closing on its previously announced acquisition of Bomi Group, an industry-leading multi-national healthcare logistics provider. Through the acquisition, the company’s healthcare unit, UPS Healthcare, will add temperature-controlled facilities in 14 countries, and ...

Bolloré Logistics announced today that it has completed its acquisition of Lynair Logistics thereby expanding its footprint in Australia. With the acquisition, effective 1st August 2022, Bolloré Logistics Australia will fully own Lynair Logistics which is based in Adelaide. Lynair will retain ...

Servicios Aeroportuarios Andinos Global, a subsidiary of Servicios Aeroportuarios Andinos (SAASA) has acquired Globalia Handling forming SAASA México. SAASA is the only airport operator in Latin America and the fifth in the world, to have the triple IATA CEIV Certification which include CEIV Pha...

Alliance Ground International (AGI) has acquired Airport Terminal Services (ATS) as part of its ongoing growth strategy across North America and into the passenger operations market. ATS has over 5,500 employees and offers full-range ground handling services, including passenger, ramp, and cargo ...

SEKO Logistics (SEKO), the leader in global end-to-end logistics solutions, today announced the acquisition of Pixior, LLC. (Pixior), a leading 3PL and fulfillment services provider based in Commerce, CA. With seven locations along the West Coast, and one location in Connecticut, Pixior has become...