ECU Worldwide

Allcargo Logistics completes 75% stake acquisition in German logisitcs firm

Allcargo Logistics, an Indian logistics solutions provider and the parent company of ECU Worldwide, has completed the acquisition of a 75% stake in the German logistics firm Fair Trade GmbH.

Therefore, Allcargo Logistics will be the majority shareholder, while the previous owner will retain the remaining 25% stake.

Allcargo Logistics made the acquisition move through its subsidiary Allcargo Belgium NV, operating ECU Worldwide network, but financial information of the transaction have not been...

https://container-news.com/allcargo-logistics-completes-75-stake-acquisition-in-german-logisitcs-firm/

ECU’s parent Allcargo acquires German cargo consolidator Fair Trade GmbH

Allcargo Logistics, India’s leading 3PL provider, has added another partner to its global NVOCC network, operated under its wholly-owned subsidiary brand ECU Worldwide.

The company has signed an agreement to buy a controlling 75% stake in Germany’s Fair Trade GmbH, which offers FCL and LCL consolidation services.

“The company’s wholly-owned subsidiary Allcargo Belgium N.V. (WOS) has entered into a share purchase agreement with NBG Logistik Beteiligungs- und Beratungsges. mbH to acquire 75% stake...

https://container-news.com/ecus-parent-allcargo-acquires-german-cargo-consolidator-fair-trade-gmbh/

ECU Worldwide selects new leader for Central Eastern Europe region and Germany

The Antwerp-headquartered multimodal logistics company ECU Worldwide has announced the appointment of Marc Meier as country manager for the company’s branch in Germany and regional head for the Central Eastern Europe region.

Meier will take over the duties of Thomas C. Heydorn, who will now take on the role of global head of Operations and Process Transformation.

Tim Tudor, CEO of ECU Worldwide, welcomed Meier to the company’s Europe management leadership team. “He comes with a wealth of industry...

https://container-news.com/ecu-worldwide-selects-new-leader-for-central-eastern-europe-region-and-germany/

Interview with Dr. Philip Blumenthal, CTO of ECU Worldwide

What are the reasons for the global port congestion? What has caused the record-high freight rates? What are the expectations and estimations for 2022?

Dr. Philip Blumenthal, the Chief Transformation Officer (CTO) of ECU Worldwide, an international cargo & air freight logistics company, has shared his views on the shipping industry’s developments in an exclusive interview with Container News.

  • What are the main causes of the continuing global port congestion?

Several factors have contributed to...

https://container-news.com/interview-with-dr-philip-blumenthal-cto-of-ecu-worldwide/

Supply chain dysfunction will continue to drive LCL demand, says ECU

ECU Worldwide is betting on further growth in India as global importers source more Asia-made goods to meet roaring consumer and manufacturing demand.
ECU is one of the largest global cargo consolidators and a leading non-vessel-operating common carrier (NVOCC) and CEO Tim Tudor told The Loadstar demand for LCL (less-than-container-load) services would continue to grow as ocean capacity tightened this year, because of widespread disruption caused by the pandemic.
“There are currently 100 …

The...

https://theloadstar.com/supply-chain-dysfunction-will-continue-to-drive-lcl-demand-says-ecu/

Sub-continent shippers and forwarders switch to bulkers to stay profitable

As container pricing and related supply chain challenges mount amid wild demand swings and capacity imbalances, Indian and Bangladeshi shippers and freight forwarders – in co-ordination with government logistics leaders – have begun switching to breakbulk and other unconventional modes.
Mumbai-based Allcargo Logistics, parent company of less-than-container-load (LCL) consolidation heavyweight ECU Worldwide, is among many freight forwarders offering customers such alternatives.
“We have...

https://theloadstar.com/sub-continent-shippers-and-forwarders-switch-to-bulkers-to-stay-profitable/

ECU Worldwide acquires 65% stake in Nordicon

The US logistics company, ECU Worldwide, and the Scandinavian neutral consolidation firm, Nordicon, have announced a global partnership agreement, creating a holding company.

Allcargo Logistics-owned ECU Worldwide will hold a 65% stake and the rest 35% will remain to the present owners of Nordicon, while the business will continue to operate under the existing Nordicon name, without disruptions and with expanded global capabilities, according to a statement.

The partnership agreement will help...

https://container-news.com/ecu-worldwide-and-nordicon-launch-joint-venture/

Interview with Tim Tudor, CEO of ECU Worldwide: “The pandemic opened new avenues for logistics companies”

The global supply chain is facing continuing challenges, with the Covid-19 pandemic having triggered multiple disorders in the global supply chain processes, such as the severe global port congestion. At the same time, crises, like the Suez Canal blockage, are deteriorating, even more, the situation.

Tim Tudor, CEO of ECU Worldwide, has expressed his views on the global supply chain situation in an exclusive interview with Container News.

ECU Worldwide is an Antwerp-headquartered and privately...

https://container-news.com/interview-with-tim-tudor-ceo-of-ecu-worldwide-the-pandemic-opened-new-avenues-for-logistics-companies/

Amid cyberattacks, how does the supply chain stay resilient?

Trucking hauling intermodal containers to illustrate cybersecurity threats to the supply chain.

In a theme that has played out countless times in science fiction, from “Terminator” to “Star Trek,” the very technology that helps realize some of humanity’s loftiest ambitions can also be a source of serious headaches. In the global supply chain, the vast streams of information that allow a shipment of artisanal coffee beans to seamlessly transit from Kenya to Kentucky on trucks and a container ship also represent golden opportunities for hackers staging ransomware attacks.

Recent attacks on...

https://s29755.pcdn.co/news/amid-cyberattacks-how-does-the-supply-chain-stay-resilient

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