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Royal Mail
Royal Mail owner rejects £4.5bn takeover bid from Czech billionaire Křetínský
...IDS is comprised of Netherlands-based parcels business GLS and the UK’s Royal Mail, the postal service and courier company....
April 17, 2024
Drones
NHS to pioneer drone deliveries in bid to improve service
...The world’s largest drone logistics service expects to deliver medical and surgical supplies to more than 30 NHS hospitals and clinics in the north of England in the second half of next year....
December 18, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Wincanton PLC
CMA CGM abandons bidding for UK logistics specialist Wincanton
...Wincanton specialises in providing distribution and other supply-chain services directly to companies. Wincanton did not immediately respond to CMA CGM’s announcement....
March 5, 2024
News updates from January 19: S&P 500 closes at record high, Ford cuts production of electric truck
Wincanton agrees £765mn sale to French logistics company CMA CGM
...French shipping specialist CMA CGM has agreed to buy Wincanton in a deal that values the British delivery and warehousing company’s equity at £765mn....
January 19, 2024
Wincanton PLC
Bidding war for Wincanton drives up UK logistics group shares
...CMA CGM’s bid for Wincanton was made by its subsidiary Ceva Logistics, a logistics company that it acquired in 2019....
February 29, 2024
Aerospace & Defence
Chinese flying taxi sector claims global lead thanks to regulatory support
...of service,” Xie said....
April 22, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Royal Mail
Shareholders of Royal Mail owner hit out at Křetínský’s ‘insulting’ approach
...While EP Group also holds some 30 per cent of PostNL, the Netherlands’ legacy postal service, a potential takeover of IDS would mark the first logistics business that Křetínský controlled....
April 19, 2024
Mergers & Acquisitions
Wincanton bidding war kicks off
...The French company’s bidding vehicle, Ceva Logistics UK Rose, said on Monday that it had received firm commitments to accept its bid from investors holding 16 per cent of Wincanton’s shares, while investors...
February 26, 2024
News in-depthUK defence spending
Lack of logistic support for carriers lays bare state of British navy
...But after years of budget cuts the once-powerful Royal Navy will need its allies to provide many of the additional vessels needed to form a carrier strike group — in particular a key logistics ship....
February 2, 2024
African economy
Africa-focused fund draws early investors to tech industry
...It has a sizeable war chest of more than $100mn and a portfolio that includes logistics company Kobo360 and software training group Andela, which has also received investment from the Chan Zuckerberg Initiative...
April 22, 2024
Wallenius Wilhelmsen Logistics AS
Car-carrier line WW makes record profits on Chinese EV exports
...Kristoffersen said that, unlike some other parts of the shipping industry, car-carrier lines had not been able to bring in spare, unused ships to maintain the same service frequency of services....
February 14, 2024
LexUnited Parcel Service Inc
UPS’s results don’t offer canary in the coal mine hint for US economy Premium content
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
January 30, 2024
Special ReportUK’s Leading Management Consultants
UK’s Leading Management Consultants 2024: the ratings
...) among all awarded companies in each sector and service area received a gold rating...
February 29, 2024
Royal Mail
Heathrow executive recruited to lead Royal Mail turnaround effort
...There were CEOs at Royal Mail and GLS, its Netherlands-based logistics business, and a chair for the overall group....
April 2, 2024
Special ReportFT High-Growth Companies Asia-Pacific
Asia-Pacific start-ups adapt to drop in VC funding
...Logistics and transportation company ISO Tank Management and waste management business Skrya, in third and 10th place in the ranking respectively, are based in the city-state....
April 3, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthRoyal Mail
Robot arms and the humble postie: how Royal Mail plans to deliver
...The company plans to offer seven-days-a-week delivery of parcels — as it does now — even if its regulator Ofcom allows it to cut back some other services....
April 5, 2024
Rail
Russia’s rail boosted by demand to move goods to Europe after Red Sea attacks
...Some logistics companies offer a “southern route” that avoids Russia, going via Kazakhstan, Azerbaijan and Turkey....
March 10, 2024
Shipping
Red Sea reroutings to further disrupt car supply chains, warn shipping executives
...Their decision means that nearly all big car car-carrier operators have now switched their Asia to Europe services to the longer route round the Cape of Good Hope....
January 23, 2024
CMA CGM SA
Red Sea crisis causes surge in container ship costs, warns CMA CGM
...Under chief executive Rodolphe Saadé, the unlisted Marseille-based company has used the windfalls to diversify, buying up port terminals and expanding into the less cyclical business of logistics....
February 23, 2024
Amazon.com
Amazon predicts cloud growth will gain steam as earnings bounce back
...The company has sought to maximise the logistics network it built out during the pandemic — for example by rolling out its Buy with Prime service that allows merchants selling on other platforms to utilise...
February 2, 2024
Automobiles
European ports turned into ‘car parks’ as vehicle imports pile up
...BLG Logistics, the company that operates the car-handling terminal at the German port of Bremerhaven, Europe’s second-busiest port for vehicles, said it had experienced longer dwell times at its facilities...
April 9, 2024
News in-depthBoeing Co
Who can rescue Boeing?
...“Seattle is a logistics business. It is grind and detail and logistics, and that is what has been missing there over the last 12 months....
March 25, 2024
Special ReportEurope’s Climate Leaders
Europe’s Climate Leaders 2024: interactive listing
...As in all previous years, financial services accounted for the greatest number of companies in the list, this time 10 per cent of them....
April 25, 2024
Supply chains
Shippers turn to air freight to alleviate Red Sea crisis
...Mads Drejer, chief operating officer of Denmark-based logistics company Scan Global Logistics, said his company was “increasingly seeing” higher air freight demand....
January 12, 2024
Macquarie Group
Star Macquarie banker who earned more than CEO quits after 28 years
...Simon Wright, a 35-year company veteran, will replace him....
February 13, 2024

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