Noatum Maritime sets up MIQ Logistics purchase

US-headquartered freight forwarder MIQ is set to be sold to Spanish maritime and logistics group Noatum Maritime, in a deal that was first predicted by The Loadstar Premium in early January.
Given that MIQ’s current owner is private equity firm Austin Ventures, which bought it from US trucking company YRC Worldwide in 2010, the purchase price has not been disclosed, although in a statement Noatum said the consolidated revenues of its …

The post Noatum Maritime sets up MIQ Logistics purchase...

https://theloadstar.com/noatum-maritime-sets-up-miq-logistics-purchase/

Rhenus snaps up two forwarders as it spreads its global footprint

Germany’s Rhenus Group is in acquisitive mode – which will no doubt itself attract interest from the increasingly M&A-focused logistics market. 
This week the company snapped up not one, but two forwarders, strengthening its global network. 
Today, it announced it had acquired South Africa’s World Net Logistics, which not only has operations in Africa but also Germany, Hong Kong, China, Malaysia, Taiwan, Thailand and Singapore. 
World Net Logistics offers air freight between South Africa and...

https://theloadstar.com/rhenus-snaps-up-two-forwarders-as-it-widens-its-global-footprint/

Technology and data sharing can mitigate the risks of carrying dangerous goods

The aviation and maritime sectors should work together to mitigate risks in the declaration and handling of dangerous goods, a grave situation impacting both. 
This week a British Airways 777 was diverted following reports of smoke in the cargo hold, (although the reason is unknown).
Insurer TT Cub yesterday said 20% of DG loads are poorly packed or identified, translating into 1.3m unsafe containers travelling the world each year on ships. A major containership fire …

The post Technology and...

https://theloadstar.com/technology-and-data-sharing-can-mitigate-the-risks-of-carrying-dangerous-goods/

Supply chain radar: DSV & XPO Logistics: same same but different

After our XPO Logistics analysis was published yesterday, and a senior account executive of XPO – still formally employed stateside by the US-based group – commented “probably [XPO] went silent Monday as they were busy laying off myself and 30 other account executives”, all sorts of market reactions ensued from my trade sources.
Two words, four letters
The most common feedback I got came in the form of two words, each four …

The post Supply chain radar: DSV & XPO Logistics: same same but...

https://theloadstar.com/supply-chain-radar-dsv-xpo-logistics-same-same-but-different/