PPE the new ‘hot’ freight and warehouse target for organised crime

The pandemic continues to affect every part of the supply chain, and brings heightened risk of crime, according to a new report by the TT Club and BSI on cargo crime trends last year.
While cargo theft from freight vehicles in transit remained the most dominant threat, there was also a significant increase in theft from facilities such as warehouses as cargo backlogs built up around the world.
In addition, criminals found a …

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Robert Mianowski is new regional sales and marketing director for Geodis

Geodis has appointed former FedEx and TNT executive Robert Mianowski as its new regional sales and marketing director for north, east and central Europe.
Mr Mianowski worked under Geodis CEO Marie-Christine Lombard when she headed TNT and he was MD eastern Europe. He then joined FedEx as vice president operations in Germany, Austria and Switzerland in 2016, and left in December.
In his role at Geodis in Frankfurt, he will report to Thomas …

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Skeptics raise doubts as CMA CGM prepares air cargo services for take-off

CMA CGM is hoping to attract a range of competing forwarders to fill its new air fleet, despite concerns over aircraft type and its ownership of Ceva, which looks set to take some 25% of the capacity.
The shipping line announced yesterday that the first of its four A330-200Fs would begin operations on 8 March, from Liege to Chicago, to be operated by Air Belgium.
Ceva is expected to take up to …

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EXCLUSIVE M&A radar: Mondiale + Visa Global Logistics merger rumoured

The M&A frenzy is alive and well.
And just when you may have thought Europe had regained its M&A pride, following this week’s K + N + Apex news, the spotlight turns again to the Far East.
To curb your enthusiasm: please take what follows with a pinch of salt, as available details for the parties involved are scant.
The latest market talk is that Australia’s Visa Global Logistics, a privately owned logistics …

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Market Insight: Kuehne + Nagel – why Apex (and not Kerry) makes perfect sense

The feedback tsunami that hit me from the eastern hemisphere in the wake of the Kuehne + Nagel + Apex deal not only carried massive strength, but also shed light on why Apex was the chosen one.
Well, sort of.
Still, it didn’t fully answer why the Swiss forwarder would opt to strike a benchmark deal which, as many agreed, strategically may not be worth the bucks it was likely valued at.
It’s …

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Blockchain advances amid predictions of buoyant future in perishables supply chain

Blockchain is on the threshold of a bright future in perishables logistics, according to MarketsandMarkets.
A report published by the research firm predicts that the blockchain market in the agriculture and food supply chain will reach a volume of $948m by 2025.
Propelled by concerns about food safety, the use of the technology in the sector will show a compound annual growth rate of 48.1%, the authors believe. They anticipate the fastest …

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Against the odds: Takeover target Expeditors defies the doom-mongers (again)

Investors in Expeditors International will have done well to ignore broker advice over the past few years.
The US West Coast forwarder – currently trading close to an all-time high of $94 –  has been a “SELL” for most analysts for the past three years, yet its stock rarely dips below the consensus target price ($91.3). Meanwhile, stamping on it a fair value above $70, according to Premium calculations, still requires some creative thinking.
The stock …

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Kuehne + Nagel set to buy Asian forwarder Apex – its largest takeover yet

Kuehne + Nagel is set to expand its presence in Asia with the purchase of freight forwarder Apex International Corporation – described as the largest acquisition in the Swiss company’s history.
The two parties said the purchase price would remain undisclosed for the time being, although a Bloomberg report values the deal at $1.5bn.
Apex was founded in China in 2001 and has expanded across Asia, making it an increasingly attractive takeover …

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M&A radar: Kuehne + Apex – ‘more to come down the track’

While delving into the rationale behind a Dachser + Hellmann tie-up, we told you last Thursday that the rainmakers were busy as ever drafting possible combinations in logistics.
Then our own Merger Monday in supply chain came and a rather pleasing M&A announcement with it, which unfortunately we couldn’t predict but luckily, after a rather long wait, it’s from Switzerland’s Kuehne + Nagel – its Apex purchase was preliminarily flagged here …

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