Fiege Group

Freight forwarder AIT Worldwide makes equity partner move

Global freight forwarder AIT Worldwide Logistics announced an agreement Wednesday to recapitalize with The Jordan Company (TJC), a middle-market financial firm with a background in transportation and logistics investments like Capstone Logistics and GlobalTranz Enterprises. 

AIT Worldwide will conclude its current equity partnership with Quad-C Management, which will sell its full stake to TJC at the end of March. The recapitalization is said to be valued at over $1.2 billion.

“TJC has proven...

https://www.freightwaves.com/news/freight-forwarder-ait-worldwide-makes-equity-partner-move

AIT Worldwide Logistics buys German forwarder Fiege

A white truck below tail of a white aircraft delivering cargo.

AIT Worldwide Logistics on Monday announced a firm agreement to acquire German-based FIEGE Group’s international freight-forwarding division, the latest in a string of transactions implementing the company’s expansion strategy.

The move increases AIT’s global footprint by adding locations in Belgium, China, Germany, Italy, the Netherlands and Switzerland.

Itasca, Illinois-based AIT Worldwide provides a full suite of third-party logistics services, including international ocean and air freight...

https://s29755.pcdn.co/news/ait-worldwide-logistics-buys-german-forwarder-fiege

Lufthansa Cargo taps 3PL to run Frankfurt hub

Cargo pallets sit inside Lufthansa's warehouse at Frankfurt Airport.

Lufthansa Airlines (OTC US: DLAKY) is consolidating outsourced operation of its main cargo hub in Frankfurt, Germany, turning the facility over to third-party logistics provider Fiege Group as part of a larger effort to increase efficiency through use of technology.

Physical handling of inbound and outbound shipments was previously carried out by several small- and medium-size handling partners, but their functions will gradually transition over to  Fiege’s new air cargo logistics subsidiary,...

https://www.freightwaves.com/news/lufthansa-cargo-taps-3pl-to-run-frankfurt-hub

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