Connect with us

Freight Forwarding

cargo-partner becomes part of Nippon Express Group

Published

on

cargo-partner becomes part of Nippon Express Group. Image: Cargo Partner
cargo-partner becomes part of Nippon Express Group. Image: Cargo Partner
Listen to the story (FreightComms AudioPost)

 

As cargo-partner is celebrating its 40th anniversary, company owner and founder Stefan Krauter has decided to sell the Austrian global logistics player to Japanese stock-listed Nippon Express Holdings, which is also the parent company of Nippon Express, APC, Franco Vago and others. Having started operations in 1983 with only five employees at Vienna Airport and having developed the company almost completely organically to now 4,000 employees in 40 countries around the globe, Stefan Krauter had already passed on the baton to his management and now has also passed over ownership to his “ideal successor” NX.

After exceeding the billion euro mark in global turnover for the first time in 2020, cargo-partner’s turnover increased by 72%, reaching over 1.8 billion euro in 2021, and further increased to 2.06 billion euro in 2022.

“Leadership by agile founders bears some considerable advantages, but from a certain stage on, highly professional and long-term stable ownership is the bigger asset. It is the founders’ challenge and responsibility to decide about both management and ownership succession at the right time. Not too early to be able to build a stable internal management succession but, for sure, also not too late,” Krauter says. “That is why, together with the Corporate Executive Board, we started evaluating different options for the future of cargo-partner.”

Stefan Krauter continues to explain: “It would also have been a good option for the management and employees to continue going completely alone, but since the ideal new strategic owner was found in NX Group, we were ultimately convinced that this was the right way to go forward. Following the integration policy we have seen from NX Group so far, cargo-partner will remain cargo-partner in regard to both organization and branding – and it will become the strongest cargo-partner ever!”

The deal was signed on May 12, 2023 and will come into effect subject to the usual regulatory (anti-trust and FDI) approvals in an estimated four to seven months along with the subsequent closing.

“Both organizations will benefit from considerable synergies in global office coverage, an expanded service portfolio, strengthened regional, product and IT know-how, increased scale and others. NX Group will benefit from our strong and extensive network in Central and Eastern Europe that complements NX’s existing network in an ideal way, and cargo-partner will jump several leagues in the Intra-Asian and Trans-Pacific trade lanes,” Stefan Krauter states. He adds: “cargo-partner will also continue to work with its current global agents’ network, strive to expand this section of its business and support it in future with its upgraded platform which is presently under development.”

“I will personally continue to support the transition in my new role on the Corporate Supervisory Board and in my advisory function to the Corporate Executive Board. I will be focusing on smart partial integration with the new owners as well as on other matters regarding strategy, M&A and ESG. What an interesting and rewarding challenge at the end of my career!” Krauter says.

The sellers have been advised by J.P. Morgan (financial), ValueAdd (financial), BCG (commercial), Schönherr (legal), and Deloitte (accounting and tax) on the transaction.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Freight Forwarding

Kuehne+Nagel acquires South African freight forwarder Morgan Cargo

Published

on

Kuehne+Nagel acquires South African freight forwarder Morgan Cargo. Image: Kuehne+Nagel
Kuehne+Nagel acquires South African freight forwarder Morgan Cargo. Image: Kuehne+Nagel
Listen to the story (FreightComms AudioPost)

 

Kuehne+Nagel signed an agreement to acquire Morgan Cargo, a leading South African, UK and Kenyan freight forwarder specialised in the transport and handling of perishable goods. During 2022 the company handled more than 40,000 tonnes of air freight and more than 20,000 TEU of sea freight globally, managed by approximately 450 logistics experts.

The acquisition of Morgan Cargo ideally complements Kuehne+Nagel’s perishables logistics service offering, while improving connectivity for customers to and from South Africa, the UK and Kenya, which includes state-of-the-art cold chain facilities.

Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, commented: “With Morgan Cargo, we acquire a reliable logistics service provider for the benefit of our customers. Expansion in high-growth markets such as Africa clearly ties into our Roadmap 2026 and reinforces our commitment to the Middle East and Africa Region. We have been active in Africa for many years, but this acquisition is an ideal addition to our regional presence.”

Schalk Bruwer, CEO of Morgan Cargo, added: “We wanted to expand our successful family-owned business and took the opportunity to become part of one of the world leaders in logistics. This new development will provide greater opportunities for our customers in terms of global reach and allow our team to advance their careers beyond the realm that was previously possible. Morgan Cargo is extremely excited to become part of Kuehne+Nagel.”

Closing of the transaction is expected during the third quarter of 2023 and is subject to customary closing conditions, including clearance by the competent merger control authorities.

Continue Reading

Freight Forwarding

Yusen Logistics partners with Toyota Motor to accelerate decarbonization

Published

on

Yusen Logistics partners with Toyota Motor to accelerate decarbonization. Image: Yusen Logistics
Yusen Logistics partners with Toyota Motor to accelerate decarbonization. Image: Yusen Logistics
Listen to the story (FreightComms AudioPost)

 

Following on from last week’s press release Toyota to decarbonise its logistics activities in Europe, Yusen Logistics Europe partners with Toyota Motor Europe in this proactive approach to alternative powertrain development.

Together with VDL Special Vehicles, Yusen Logistics is honored to be part of the team to help accelerate the decarbonization of Toyota’s logistics network with the use of hydrogen fuel cell trucks. Using Toyota’s fuel cell modules VDL will convert an existing vehicle into a zero-emission truck for Yusen Logistics to operate within Toyota Motor Europe’s logistics network.

The innovative technology project is a significant step towards reducing both companies’ overall carbon footprint and aligns with Yusen Logistics’ wider commitment to working together with our partners and communities towards a more sustainable future.

Continue Reading

Freight Forwarding

DHL Freight introduces a new sustainable intermodal rail freight solution

Published

on

By

DHL Freight introduces a new sustainable intermodal rail freight solution. Image: DHL
DHL Freight introduces a new sustainable intermodal rail freight solution. Image: DHL
Listen to the story (FreightComms AudioPost)

 

DHL Freight, one of Europe’s leading providers of road freight services, is introducing a new, sustainable intermodal rail freight solution between Germany and Denmark. The freight trains will depart from the Ziel Terminal GmbH in Duisburg every Monday, Wednesday, and Friday. In Denmark, departures from Padborg will occur every Tuesday, Thursday, and Sunday from the combined transport terminal. The rail transport takes about 12 hours and is available to customers with full-truckload shipments. Of course, DHL Freight also offers an end-to-end solution including pick-up and delivery.

Operator of the rail connection is the rail logistics company TX Logistik, which maintains an efficient European network with connections in eleven countries. As part of Mercitalia Logistics, TX Logistik is responsible for the development of the group’s international activities. Being able to strengthen the network with a renowned customer like DHL is therefore an important step for the company on this path.

“We are introducing this new train connection exclusively for our customers. In line with our sustainability strategy of net-zero emission logistics by 2050 and the growing demand from our customers for green transport solutions, a modal shift from road to rail on certain relations is a powerful lever to save CO2 emission. We expect this new rail service alone to save up to 11,500t CO2 emissions per year. A perfect complement to our recently introduced GoGreen Plus service,” states Uwe Brinks, CEO DHL Freight.

This solution is another milestone in shifting DHL Freight’s road business to the rails and benefits the route from Denmark to BeNeLux countries and Germany, offering smoother logistics, lower emissions, and increased freight reliability. As part of its sustainability roadmap and in line with Deutsche Post DHL Group’s sustainability goals DHL Freight plans to further increase the use of rail connections and intermodal solutions. Today, DHL Freight already transports freight on more than 3,900 trains on various trade lanes in Europe in cooperation with different rail carriers. In Germany alone, DHL Freight moves more than 970 trailers per week by rail in heavy-load transport.

Reducing emissions through rail transport

The new connection will considerably relieve road traffic thanks to the intensified use of rail networks. Up to 240 truckloads per week can be fulfilled via rail transport. As rail transportation is a less carbon-intensive logistical option, this leads to considerable CO2 savings. For each truck shifted, 1.05 tons of CO2 are saved, up to 250 tons per week and as much as 11,500 tons per year. In combination with DHL Freight’s GoGreen Plus service for pick and delivery customers get the opportunity to reduce the emission for their land transport significantly.

Deutsche Post DHL Group is constantly pursuing its goal of reducing all logistics-related emissions to net zero by 2050. The new train connection is expected to be another effective element in achieving this important goal and represents a firm step forward in their sustainability strategy.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore