Latest business news
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NewsDSV acquires DB Schenker
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.
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NewsMeriaura sees revenue growth but profit hit by restructuring
Finland’s Meriaura Group published its financial results for 2024, with revenue up but EBITDA and net profit down on 2023’s figures. The Finnish shipping firm puts this largely down to the restructuring of its business.
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NewsBarnhart bolsters footprint in Southwest USA
Barnhart Crane and Rigging has acquired the assets and operations of two branches belonging to Crane Service, which is owned by ML Holdings, in Texas and New Mexico.
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NewsNTG acquires EDS and Rolls Freight
NTG Ebrex UK, a subsidiary of Nordic Transport Group (NTG), has signed an agreement to acquire 100 percent of the shares in EDS Worldwide and Rolls Freight, both based in the UK.
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NewsCadeler posts strong 2024 results
Offshore installation contractor Cadeler has posted its preliminary financial results for 2024, with revenue up 128 percent on 2023 and EBITDA up 200 percent.
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NewsFred. Olsen Ocean divests stake in United Wind Logistics
Fred. Olsen Ocean has agreed to sell its 50 percent stake in United Wind Logistics (UWL) to United Heavy Lift (UHL).
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NewsHapag-Lloyd sceptical about 2025 due to geopolitical uncertainty
Container shipping group Hapag-Lloyd posted an improved revenue and EBITDA in 2024, although its group profit is down. Looking forward, it highlighted the impact that geopolitical uncertainty could have on its operations.
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NewsHendrik Veder Group and DSF sign merger
Hendrik Veder Group, a supplier of steel wire rope and synthetic rope products, and Dutch Steel Fabricators (DSF) have signed a merger following several years of collaboration.
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NewsNTG snaps up DTK
Nordic Transport Group (NTG) has acquired 100 percent of the shares in Denmark-headquartered DTK.