A group of logistics services companies has bought a 35% stake in the Swiss Federal Railways cargo unit, SBB Cargo AG, in an effort to move more goods to trains from roads and return the government-controlled freight...
Denmark’s DSV acquires Swiss logistics group Panalpina
Denmark’s DSV (DSV.CO) said on Monday it has completed the acquisition of Swiss logistics group Panalpina (PWTN.S), creating the world’s fourth largest freight-forwarding company. The Swiss logistics group accepted a...
Australia’s Automotive Holdings to sell its refrigerated logistics business
Australian car dealer Automotive Holdings Ltd on Friday said it had decided to sell its refrigerated logistics business following a strategic review and had informed its suitor AP Eagers. AP Eagers, Automotive’s biggest...
UPS buys stake in TuSimple, testing self-driving trucks in Arizona
UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world’s largest package delivery company has been testing the startup’s autonomous trucks since May on a busy freight route...
TVS Group looks to sell 20% stake in logistics arm for up to ₹400 crore
TVS Group plans to raise ₹350- ₹400 crore by selling about a 20% stake in its logistics and warehousing business to private equity investors, said two people aware of the development, requesting anonymity. TVS...
Rivigo raises $65 million from Warburg Pincus, SAIF Partners
Technology-enabled logistics firm Rivigo said on Thursday it has raised a funding of $65 million in its ongoing series E round, led by existing investors Warburg Pincus, a private equity fund, and SAIF Partners, a multi...
Blackstone to acquire US warehouse assets from GLP for $18.7 billion
Blackstone Group LP is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally. The...
Blackstone in $18.7 billion deal to acquire U.S. warehouse assets from GLP
Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the...
BlackBuck raises fresh funds in series D round
Zinka Logistics Solutions Pvt. Ltd, which operates online freight service provider BlackBuck, said it has raised $150 million ( ₹1,050 crore) in a Series D equity funding round led by Goldman Sachs Investment Partners...
Allcargo plans to invest Rs 1,000 crore in logistics park development
Allcargo Logistics, part of the Avvashya group, has no plans to set up more container freight stations or inland container depots. The company said it would focus on developing logistics parks that is witnessing growing...
Warburg Pincus-backed Stellar Value Chain buys logistics firm Patel Roadways
Warburg Pincus-backed Stellar Value Chain Solutions Pvt. Ltd has acquired Patel Roadways, a company operating in the express logistics segment. Stellar caters to the logistics needs of customers across e-commerce...
BlackBuck raises Rs 550 cr from Accel Partners US, Goldman Sachs, B-Capital
BlackBuck, a logistics start-up backed by Sequoia Capital, has raised Rs 550 crore from Accel Partners US, Goldman Sachs and B-Capital, at a valuation just shy of a billion dollars. The recent company filings, sourced...
