Ceva Logistics to acquire logistics provider in Turkey

Ceva Logistics, the world’s fifth-largest logistics service provider by gross revenue and part of France-based CMA CGM Group, announced Saturday it has agreed to acquire Turkey-based Borusan Tedarik for $400 million in cash and debt.

Borusan Tedarik offers contract logistics, finished vehicle logistics, truckload and less-than-truckload service, as well as air and ocean freight management, and customs brokerage. In addition to Turkey, it also has operations in Germany, Bulgaria, Hong Kong and...

https://www.freightwaves.com/news/ceva-logistics-to-acquire-logistics-provider-in-turkey

Turkey’s ULS Cargo Airlines to receive 1st A330 freighter in March

Air Transport Services Group, a major lessor and operator of freighter aircraft, expects to deliver its first Airbus A330-300 converted freighter this month to Turkey-based ULS Airlines Cargo and a second one in April, an industry source close to the company said. 

The Airbus A330-300 cargo jets are much larger than the three A310 converted freighters ULS Airlines Cargo currently operates from Istanbul Airport. 

Air Transport Services Group (NASDAQ: ATSG) said in Tuesday’s fourth-quarter earnings...

https://www.freightwaves.com/news/turkeys-uls-cargo-airlines-to-receive-1st-a330-freighter-in-march