Logistics News

FedEx and Advent-led consortium secures more than 89% of InPost's shares in the takeover offer

InPost, a Polish parcel locker operator, announced on Friday that FedEx International, Advent International as well as other InPost shareholders had offered 89.81% of its shares. InPost?reported in a press release that the minimum acceptance threshold of 80% shares had been reached. The consortium agreed in February to purchase InPost for approximately EUR7.8 Billion ($8.95 Billion)?in a cash-only offer of EUR15.60 per equity share. After the transaction is completed, InPost's shares will be removed from Euronext Amsterdam. It is one of Europe's biggest networks of automated parcel lockers. The company operates in nine countries, including Poland. The company will continue
Passenger Transportation Services

Major US airlines reject Air China's bid to schedule more US flights
Brazil Police seize devices from former iFood Employee in Trade Secrets Probe

According to the investigator, Brazilian police conducted a search and seizure this week on a former iFood worker who was suspected of downloading confidential commercial data before leaving the company to 'join rival 99Food. This case is the latest in a larger investigation into allegations of corporate espionage within Brazil's multi-billion dollar delivery industry. Competition has increased since the entry Chinese-backed platforms Keeta and 99Food owned by ride-hailing company DiDi Global. Angelo Lages is the 'police inspector in charge of the investigation, who led the operation on Wednesday. He said that the purpose of the search is to collect electronic
Transportation

Virginia tightens restrictions on data centers amid political backlash
Bloomberg reports that Aramco has halted October crude oil deliveries to certain European refiners following a pipeline attack.

Bloomberg News reported that Saudi?Aramco informed at least two European refinery?customers on Friday that they would not receive any crude?oil in the next?month due to an attack on Saudi Arabia’s main pipeline into the Red Sea. The report stated that European refiners usually buy Saudi crude under term contracts that guarantee monthly deliveries, but Aramco informed its customers that the next month's delivery will not take place. Saudi Arabia informed European customers earlier that some crude cargoes will be cancelled due to a 'drone attack' which shut down its East-West pipeline, damaged three pumping station and disrupted oil loading at
Passenger Transportation Services

London's marine insurance companies expand high-risk zone in the Black Sea as shipping attacks increase

According to a recent advisory, London's marine insurers have widened their high-risk area for the Black Sea as the conflict between Ukraine and Russia escalates. The Black Sea is an important route for the shipment of grain, crude oils and refined products. Russia, Ukraine, Bulgaria, Georgia and Romania all share its waters. In the last two months, Russia and Ukraine have intensified their attacks on each others' commercial shipping, escalating their five-year war. The Joint 'War Committee' (JWC), which is made up of syndicate members in the Lloyd's Market Association, and representatives from the London Insurance Company market, provides guidance
The small English club Oxford Utd apologizes for the 'United 93 clothing line'

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

Italy eliminates road tax on most cars in the run-up to elections

Giorgia meloni, the Italian prime minister, announced on Wednesday that the government would abolish road tax for 14.5 million cars and motorbikes. The government is looking for ways to increase support in advance of the national elections next year. Meloni stated in a press release issued by her office that "today the government will eliminate one of 'the taxes most disliked by Italians. The benefit will apply to all motorbikes, and to more than 70% small-sized cars. However, citizens are only allowed to use it on one vehicle. The election next year is shaping up to be a close race...

Farm groups in Ukraine say that Ukraine is considering ship insurance as a way to boost food exports.

A 'farm lobby group' and a'major farmers union" said that Ukraine was examining the possibility of adding additional insurance coverage to ships transporting food exports in order to help revive seaborne trade, which has been disrupted due to Russian attacks against vessels and port infrastructure. Since the summer of 2016, Russia has intensified its attacks on Ukrainian ports and commercial vessels. This has effectively stopped the seaborne exports from the country. Ukraine used to ship 90% of its cargo via Black Sea ports. The disruption has already reduced agricultural exports by 60 percent, putting the planting campaign in 2027 and...

French and Benelux stocks: Factors to watch September 16

Here are some company news stories and updates from France and Benelux that could impact the markets in these regions or specific stocks. KERING: The French luxury group Kering has appointed Sophie Maddaloni secretary general with immediate effect. She?joined?the executive committee. IMPLANET: Implanet, a French medical technology company, reported a first-half revenue figure of EUR7.1million ($8.20million), an operating loss EUR1.87million and a loss net of EUR2.14million. TFF GROUP Tonnellerie Francois Freres, a French barrel manufacturer, reported a first-quarter revenue below expectations of EUR56.9m. This was due to a massive destocking of customers and alterations in its production capacity. It expects...

Private equity, foreign investors fuel Aussie M&A activity in 2026

Private equity firms and foreign investors have shown a lot of interest in Australian companies so far in the year 2026. However, only a limited number of these approaches have progressed beyond the initial stages. Takeovers have been made by Australian companies this year. Atlas Arteria: IFM Global Infrastructure Fund made a takeover bid for Atlas Arteria in April, valued at A$6.89billion ($4.91billion). Diamond Infraco 1 offered a sweetener to shareholders at the time. It said the price of shares would increase to A$5.10 if the fund secured a stake of 45% or more in the company. BlueScope steel: BlueScope...

Heathrow expansion is not compatible with UK climate targets unless airlines do something more, say advisers

The UK cannot meet its climate goals and expand Heathrow Airport in London unless the airlines take full responsibility for all their emissions, said Wednesday's climate advisors. Last year, the British Labour government backed the construction of a third runway in?Heathrow Airport, one the busiest airports in the world, claiming that the project would boost economic growth. The Climate Change Committee (CCC) published an advisory on Wednesday at the request of the government, concluding that there is no plausible path under current policies to allow Heathrow expansion while Britain meets its goal of "achieving net zero emissions by 2020". Nigel...

Fuel prices are a concern for Norfolk Southern in the third quarter, despite gains in freight share.

Norfolk Southern executives told investors on Tuesday at the Morgan Stanley conference that higher fuel prices will 'create a significant headwind for the third quarter. CFO Jason Zampi stated that fuel prices were expected to peak in May. However, continued increases now represent a roughly 250-basis point headwind for Norfolk Southern's Operating?ratio when compared to expectations two months earlier. He said that the third-quarter performance is expected to be slightly lower than normal seasonal trends. Executives see continued incremental gains in freight market share, even with the current fuel pressure. Norfolk Southern's next big opportunity to move freight from highways...

Passenger Transportation Services

Jet financiers worry as Iran war increases fuel and borrowing costs

Fuel and borrowing costs are now the top concern of jet financiers. This is a significant shift from years of disruption caused by supply. Recent market turmoil has confirmed the shift in mood. This includes?airBaltic?s bankruptcy, an increase in oil prices tied to the advances of?Yemen?s Houthis?in the Middle East War, and a rise in U.S. Treasury Yields. I feel that the market is changing. Thomas Baker, CEO of Aviation Capital Group and host of the International Society of Transport Aircraft Trading's (ISTAT) event, said that he believes winter will be more cold (financially speaking) than people anticipate. Analysts have...