January 11 - Simest, part of the Italian CDP group, has acquired 9 percent of Fagioli Group's subsidiary in North America.
According to Fagioli, the investment of Simest is equivalent to EUR750,000 (USD789,863).
Fagioli says that Simest's investment is in line with the strong demand of the market and the company's increasing business in North America.
Pinnacle Logistics Solutions has opened an office in Edmonton, Alberta.
North American trailer manufacturer Trail King Industries has promoted Kara Kayser to marketing manager.
The shareholders of Hansa Meyer Global Transport USA and Hansa Meyer Heavy Haul & Rigging USA have agreed to sell all shares of both USA-based companies. The asset-based businesses will continue to operate under the branding ATLAS Heavy Projects and ATLAS Heavy Transport, respectively.
The global freight forwarding market experienced one of its most challenging years in 2020 contracting by 8.7 percent in real terms, according to Transport Intelligence (Ti). IMF data suggests that global GDP contracted by 3.3 percent year-on-year in 2020, while world trade growth slowed to -5.2 percent.
The Project Cargo Network (PCN) has launched its Meeting Hub – a bespoke virtual meeting centre to help its members maintain strong working relationships.
Crane Worldwide has appointed John O’Connor as executive vice president, strategic development.
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