Latest news from Heavy Lift & Project Forwarding International Magazine

Russian project forwarder announces merger

March 06 - Project freight forwarder STS Logistics says it intends to merge with RLS to create one of the largest independent logistics providers in Russia.

The two companies are in advanced negotiations and anticipate that the final agreements will be concluded by the end of the month.

Consolidated annual revenues of the new business structure will be at least US$300m and the company says it will employ more than 1,500 people.

STS focuses on international multimodal freight forwarding and customs brokerage services, typically for clients in the oil and gas, construction and automotive sectors, whilst RLS specialises in pan-Russian logistics for FMCG clients.

Heavy Lift | News

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Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
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Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
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