Delta Air Lines taps Peter Penseel to lead cargo division

Peter Penseel is leaving Ceva Logistics, where he is chief operating officer of the airfreight division, to become president of cargo at Delta Air Lines (NYSE: DAL), effective June 1.

Photo: (Delta Cargo)

The veteran air cargo executive will replace Robert Walpole, who led Delta Cargo for three years. Delta Cargo quietly announced Penseel’s hiring on Wednesday. Walpole’s LinkedIn page shows his employment with Delta ending in February. Delta spokesman Drake Castaneda confirmed Walpole is no...

https://www.freightwaves.com/news/delta-air-lines-taps-peter-penseel-to-lead-cargo-division

Wincanton board approves GXO’s competing buyout proposal

The board of U.K. logistics firm Wincanton said Friday it unanimously recommended that shareholders approve GXO Logistics Inc.’s (NYSE: GXO) $965 million all-cash offer to acquire the company.

The Wincanton board withdrew its recommendation of Ceva Logistics S.A.’s lower-priced offer for the company. Based on current foreign exchange rates, the GXO offer is priced at $7.75 a share, while the CEVA offer is priced at $6.07 per share, or approximately $764 million.

“The Wincanton directors are...

https://www.freightwaves.com/news/wincanton-board-approves-gxos-competing-buyout-proposal

GXO offers $965 million for UK logistics firm Wincanton

Contract logistics provider GXO Logistics Inc. (NYSE: GXO) said Thursday it has made a $965 million, or $7.65 per share, all-cash offer for U.K. logistics firm Wincanton, topping by 26% an offer made earlier this week by French logistics rival Ceva Logistics.

The latest step in the bidding war involving one of the U.K.’s largest logistics firms sent Wincanton’s shares soaring in London trading. Shares were up 20% from Wednesday’s close. 

Wincanton’s board earlier this week agreed to an improved,...

https://www.freightwaves.com/news/gxo-offers-965-million-for-uk-logistics-firm-wincanton

573 layoffs hit logistics firms in California, Illinois and Michigan

Mass layoffs continue across the freight and logistics industry, with companies in California, Illinois and Michigan recently announcing job reductions and facility closures.

DHL Supply Chain

Third-party logistics provider DHL Supply Chain is laying off 161 workers in Joliet, Illinois, as a result of losing a customer, according to a filing with the state.

Company officials did not name the customer in the filing, but the facility’s address is listed as a distribution facility for snack and candy...

https://www.freightwaves.com/news/573-layoffs-hit-logistics-firms-in-california-illinois-and-michigan

Global first for Formula 1: CEVA Logistics transports Ferrari equipment by rail

CEVA Logistics, CMA CGM-owned third-party logistics provider, recently designed an innovative rail transport solution for Scuderia Ferrari’s F1 racing team in North America.

In a global first for Formula 1, Ferrari equipment is being transported by rail between three North American F1 grand prix races as part of the two companies’ efforts to cut carbon emissions.

Since the start of their cooperation in 2022, CEVA has been altering the Scuderia Ferrari logistics programme. As CEVA guarantees that...

https://container-news.com/global-first-for-formula-1-ceva-logistics-transports-ferrari-equipment-by-rail/

CEVA to use robots from Boston Dynamics in new California transload facility

CEVA Logistics recently opened a 12,540 m² transload facility, where robots from Boston Dynamics will be used to serve CEVA’s customers at the site within miles of both the ports of Long Beach and Los Angeles.

According to CEVA Logistics, the new site is the only transload facility in North America to offer a cross-belt sortation device, enabling 10,000 parcels to be sorted every hour based on preselected variables such as size, color or preferred carrier.

“The facility caters to automotive,...

https://container-news.com/ceva-to-use-robots-from-boston-dynamics-in-new-california-transload-facility/

CMA CGM’s CEVA Logistics expands presence in India through acquisition deal

CMA CGM’s logistics arm CEVA Logistics has signed an agreement to acquire 96% 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 has become an important local player in contract logistics with omni-channel fulfillment services in the eCommerce, automotive, food products, consumer, fashion and retail, healthcare and pharmaceuticals market segments.

Anshuman...

https://container-news.com/cma-cgms-ceva-logistics-expands-presence-in-india-through-acquisition-deal/

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