Business news – Page 3
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NewsSarens signs MoU to boost influence in Cambodia
Belgian heavy transport engineering firm Sarens has signed a memorandum of understanding (MoU) with a trio of companies, forming a strategic partnership that will provide logistics, heavy transportation and installation solutions in Cambodia.
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NewsWallenius Wilhelmsen completes Armacup acquisition following strong Q1 results
Ro-ro shipping and logistics group Wallenius Wilhelmsen has acquired the remaining shares in New Zealand-headquartered shipping company Armacup.
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NewsDenzai establishes Ukrainian operation
Japanese heavy lifting and transport specialist Denzai has set its sights on the Ukrainian market with the establishment of an office in Kyiv and a partnership with heavy lift provider Crane Ukraine to support the construction of wind farms in the country.
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NewsPSA BDP acquires majority stake in ED Forwarding
USA-based PSA BDP has acquired a majority stake in ED Forwarding, a Mexico-based logistics services provider.
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NewsWallenius Wilhelmsen finalises sale of MIRRAT
Ro-ro shipping group Wallenius Wilhelmsen has finalised the sale of its Melbourne International RoRo & Auto Terminal (MIRRAT) to Australian Amalgamated Terminals.
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NewsSarens and XCMG form strategic cooperation agreement
Crane rental services, heavy lifting, and engineered transport provider Sarens and global construction machinery manufacturer XCMG Machinery have signed a strategic cooperation agreement.
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NewsLaso forms partnership with Tagar Group
Portugal’s Laso Transportes and Tagar Group have formed a strategic partnership aimed at expanding and consolidating their presence in the lifting and transport sector.
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NewsRotrex Winches rebrands as LGH Winches
UK-headquartered winch specialist Rotrex Winches has rebranded as LGH Winches across the UK, the Netherlands and Belgium, effective May 1, 2025.
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NewsDSV completes DB Schenker acquisition
In a deal worth approximately DKK106.7 billion (USD16.27 billion), DSV has completed the acquisition of Schenker after all conditions and requirements from Deutsche Bahn have been met.
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NewsDates set for Shipping Days 2026
France’s La Rochelle will host the fourth edition of the Shipping Days exhibition, an event dedicated to maritime transport and breakbulk shipping, from April 8-9, 2026.
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NewsCeva acquires Borusan Tedarik
Ceva Logistics, a subsidiary of the CMA CGM Group, signed a binding agreement to acquire 100 percent of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, which is based in Türkiye.
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NewsBlu Logistics LATAM rebrands under Rhenus banner
Rhenus Group has officially rebranded Blu Logistics LATAM to Rhenus Logistics, following its acquisition in 2023.
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NewsCargolux sees growth in revenue and profit
All-cargo airline Cargolux has seen an increase in both its revenue and profit for its 2024 financial year, despite ongoing geopolitical obstacles to contend with.
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NewsManitowoc opens Colombia office
USA-based crane manufacturer Manitowoc has opened an office in Colombia, with the aim of both supporting customers and maximising machine uptime across Latin America.
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Newspewag acquires Aberdeen Web
pewag has acquired manufacturing partner Aberdeen Web, which makes webbing slings, round slings and ratchet systems.
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NewsTrio of NYK firms to merge
Three shipping and ship-management firms within the NYK Group will merge as part of a strategic business integration.
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NewsITI releases third edition of Rigging Engineering Basics
Industrial Training International (ITI) has released the third edition of Rigging Engineering Basics, offering updated guidance on lift planning, crane selection, and rigging safety.
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NewsDSV’s deal for DB Schenker cleared
DSV said in a press release issued April 15 that it had fulfilled all closing conditions for its acquisition of Germany’s DB Schenker.
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NewsDenholm unifies logistics arms under single brand
Denholm UK Logistics and Denholm Good Logistics will come together under a single trading brand.
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NewsOIA Global acquires JF Moran
Portland, USA-based OIA Global has acquired compatriot Customs brokerage and freight forwarding firm JF Moran.