M&A

Lufthansa Cargo has signed a contract to buy ground handling company LUG to improve cargo processing at airports in Germany.

Trident Management bought Priority Courier Experts three years ago as a growth platform. Last week, it furthered its strategy with the acquisition of three local express carriers.

Healthcare logistics is a hot market and private equity firm JLL is adding to its portfolio with a deal for specialized logistics firm Life Couriers.

Atlas Air has completed a previously announced deal to take control of Air Atlanta’s freighter fleet and become a minority shareholder in the airline.

DHL Group is adding to its e-commerce logistics portfolio by acquiring Venipak, a prominent parcel carrier in the Baltic states.

Colis Privé, a subsidiary of Ceva Logistics, has reached a tentative agreement to acquire major units of Paack, allowing it to enter the delivery market in Spain and Portugal.

FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary.

Atlas Air announced plans to acquire 49% of Air Atlanta and its fleet, which it will lease back to the carrier to continue operating.

FedEx and UPS will not be major players in the B2C parcel market unless they strategically engage with an e-commerce marketplace, says commentator Satish Jindel.

Mudflap has completed its acquisition of Parade. The deal pairs Mudflap’s location-verified carrier network with Parade’s capacity management platform for brokers, which has facilitated more than $40 billion in total cumulative freight transactions. Mudflap boasts more than 515,000 drivers across over 100,000 verified carriers. The Palo Alto-based fintech company provides fuel discount solutions to carriers […]

21 Air has ambitious plans to enter the cargo airline big leagues upsizing to Boeing 777 freighter aircraft to capture international business as it undergoes a leadership and investor transition.

Echo gets 4 million square feet of warehouse space and a massive drop trailer pool.

Amazon will maintain, and grow, its cargo business with Sun Country Airlines even after the airline merges with Allegiant.

UPS has dropped its planned purchase of Mexican express delivery company Estafeta because closing conditions were unable to be met.

Private-equity backed ADL Final Mile has purchased DMC Logistics, a courier that operates in the Southwest.

Saltchuk Aviation, which is downsizing its air cargo operation, sold StratAir’s cargo handling business to acquisitive airport services provider PrimeFlight Aviation.

SkyWater anticipates growing demand for domestically-sourced semiconductors.

Wells Fargo is selling its rail leasing equipment business to a joint venture of GATX Corp. and Brookfield Infrastructure.

Ocean carrier CMA CGM continues to invest in air cargo. The latest moves include the acquisition of troubled Air Belgium and its logistics subsidiary launching a China-U.S. air charter service.

Germany’s DHL Group is acquiring U.S.-based CryoPDP to boost its health care logistics business.