Benelux








Transport Infrastructure

Freight Logistics

Freight Logistics

Worldline hires a new auditor to assess clients at high risk

Worldline, a French payment company, has announced that it has hired Accuracy as an auditing firm to evaluate its remaining merchant portfolio for risky activity. A group of 21 European news outlets claimed last month that Worldline covered-up client fraud in order to protect its revenue. Last week, Belgian prosecutors announced that they had launched an investigation into possible money laundering activities within its Belgian division. Worldline responded to media reports by stating that it has strengthened merchant risk control since 2023 and terminated client relationships with non-compliant clients. The group announced that in addition to the hiring of Accuracy,...

Freight Logistics

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Airbus Airbus signed a letter with DRF Luftrettung on Wednesday for the purchase 10 H140 helicopters. The New York State Police also placed an order for an Airbus H160, three H145 helicopters and signed a contract with Omni to buy three H160 helicopters. Lotus Bakeries Lotus Bakeries announced Wednesday that it will expand its partnership with Mondelez International into the Ice Cream category. ID Logistics ID Logistics released its annual results for 2024 on Wednesday. Pluxee Pluxee launched its first...

Freight Logistics

French and Benelux stocks-Factors to watch

Below are companyrelated news and stories from France and Benelux which might have an impact on the region's markets or private stocks. PLANE: Plane said it delivered 361 helicopter in 2024 with a continued development in sales throughout the year. CRÉDIT AGRICOLE: Crédit agricole Personal Financing & & Mobility got 50% of GAC Finance Leasing Co. in China FRENCH POLITICS/ELON MUSK: Elon Musk, the billionaire owner of social networks network X. and a close ally of U.S. President Donald Trump, presents a hazard. to democracies, French Prime Minister Francois Bayrou said on. Monday. GAZTRANSPORT ET TECHNIGAZ:. French engineering business GTT...

Freight Logistics

French and Benelux stocks-Factors to watch

Below are companyrelated news and stories from France and Benelux which could have an influence on the area's markets or specific stocks. CARREFOUR: Food retailer Carrefour Brasil has consented to offer 15 properties to a property fund for 725 million reais ($ 127.4 million), it said on Tuesday. COVIVIO: The French realty company published on Tuesday an boost in its profits group share at 509 million euros at end of September. ECB/VILLEROY: The European Reserve bank might undershoot its inflation target, particularly if growth remains slow, and the bank might then be at danger of acting too late in loosening...

Passenger Transportation Services

Passenger Transportation Services

French air traffic controllers strike for second day disrupts flights

The strike of French air traffic controllers is now in its second day, and many passengers are left stranded as Europe's busy travel season begins. The civil aviation agency DGAC has told airlines that 40% of flights will be cancelled at three of Paris' main airports this Friday due to the strike. Air traffic controllers claim the strike is caused by a lack of staff and outdated equipment. DGAC also said that up to half of the flights at France's airports in other regions, mainly the south, had been affected. Mariano Mignola said, "We are hostages to Paris", an Italian...

Passenger Transportation Services

Air India Express was warned by regulators about the delay in fixing an Airbus engine and falsifying records.

A government memo revealed that India's aviation regulator reprimanded Air India in March after the budget airline failed to change engine parts on an Airbus A320 within the time frame specified by European Union's Aviation Safety Agency, and for falsifying records as proof of compliance. Air India Express issued a statement in which it admitted the mistake to the Indian watchdog, and took "corrective action and preventive actions". Air India is under scrutiny after the Boeing Dreamliner crash that occurred in June, which claimed the lives of all but one person on board. Investigations are still ongoing into the world's...

Passenger Transportation Services

KLM union: wage offer insufficient; strike continues

The CNV union announced on Friday that KLM's wage proposal this week did not meet the needs of the ground staff of the Dutch branch of Air France-KLM. A strike at Amsterdam Airport scheduled for July 9th will take place. This means that the consultations have not yet resumed and that the strike that was announced for next Wednesday will still continue. Souleiman Amallah said in a press release that CNV had informed KLM. KLM announced wage proposals for Wednesday, including a payment of 1,177 euros in 2025 as well as a structural increase of up to 2,5% by July...

Transportation

Logistics

Logistics

InPost parcel lockers to be acquired by Advent for a 3.5% stake

Bookrunners reported on Tuesday that a company controlled by Advent International, a private equity firm, had offered institutional investors an approximately 3.5% stake in the parcel locker firm InPost. AI Prime & Cy S.C.A., a company owned by Advent. InPost offered 17.5 millions shares through an accelerated placement at 13.25 euros per share. This represents a discount by 6% from Monday's closing prices of 14.1 euro in Amsterdam. The bookrunner stated that once the placement is completed, AI Prime will hold a stake of around 6,5% in InPost. In September 2024, the company sold a 4% stake to InPost at...

Logistics

US importers use brokers to negotiate Trump's tariffs at a price

U.S. importers rely on customs brokers more and more to keep up with the ever-changing policies of President Donald Trump. The industry said that the booming demand for assistance in processing foreign products has increased the cost of these services, which adds another cost to tariffs. Customs brokerages, which were until recently an unrecognized branch of the import industry, now handle all the paperwork required to process shipments, calculate tariff bills, and calculate the paperwork. Brokers interviewed by said they were raising their fees. Major logistics companies like Memphis, Tennessee based FedEx, and Germany based DHL have also added staff...

Logistics

Cycling-Del Toro wins stage 17 and extends Giro Lead

Isaac Del Toro, of UAE Team Emirates - XRG, continued his excellent form in the Giro d'Italia by winning stage 17 on Wednesday with a perfectly timed sprint. The Mexican's stage win was his first of the race and allowed him to extend his overall lead. The 155 km route from San Michele all'Adige in Italy to Bormio on Tuesday was not as punishing, but it featured two tough climbs -- Passo del Tonale (passo del mortirolo) and Passo del Tonale -- totalling 3,800 metres. Del Toro, the youngest man in the field at the end of this final ascent,...

Logistics

Warner Bros Discovery gets at least 2 bids for Polish broadcaster TVN

Polish businessman Michal Solowow has actually made an offer to purchase regional broadcaster TVN from Warner Bros Discovery Inc, according to his MS Galleon fund, while media group WP Holding has actually likewise made a bid, a source acquainted with the matter stated. Reuters reported in December that Warner Bros Discovery was dealing with advisers at JPMorgan on the sale of TVN Group. Two sources said in December that TVN Group, which includes 24-hour news channels TVN24 and TVN24BiS, could be valued at more than 1 billion euros ($ 1 billion) in a sale. At the invitation of JPMorgan and...

Logistics

PostNL cuts 2024 profit projection again, citing 'unsustainable' business design

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Logistics

Poland's InPost to invest additional 600 mln pounds in Britain by 2029

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Logistics

Parcel locker firm InPost Q4 volumes rise 20%.

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

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European stocks slide as Trump's caution spooks financiers

European shares were on course to post their worst week in three months on Friday, as U.S. Presidentelect Donald Trump's comments about prospective tariffs on the European Union even more startled investors currently stressed about the rate outlook. The pan-European STOXX 600 index fell 0.8% by 0812 GMT, trading at its lowest in nearly a month and on course for its most significant weekly decrease considering that early September. Trump stated that the EU should acquire U.S. oil and gas to offset its remarkable deficit with the world's biggest economy, or face tariffs. All the major European subsectors remained in...

Logistics

US Postal Service chief protects plan to buy increasing variety of EVs

U.S. Postmaster General Louis DeJoy protected plans to buy a rising number of electric delivery lorries and said he did not plan to return funding allocated for zeroemission models without legislation from Congress. In 2023, Congress provided USPS $3 billion as part of a $430. billion environment expense to buy EVs and charging infrastructure--. consisting of $1.2 billion for electrical cars. It prepares to purchase. some 66,000 electrical cars by 2028. DeJoy stated at a U.S. Legislature hearing on. Tuesday that the EV purchase strategy makes service sense for USPS. Reuters reported recently that Donald Trump's shift. group is thinking...

Logistics

Trump may cancel United States Postal Service electrical mail truck agreement, sources state

Donald Trump's transition group is considering canceling the U.S. Postal Service's agreements to energize its delivery fleet, as part of a wider suite of executive orders targeting electric cars, according to three sources knowledgeable about the strategies. The relocation, which could be unveiled in the early days of Trump's administration that begins on Jan. 20, is in line with Trump's project guarantees to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. change-- a program Trump has actually stated is unnecessary and possibly. damaging to the economy. Reuters has previously reported that Trump is preparing to....

Logistics

Trump might cancel United States Postal Service electric mail truck contract, sources state

Donald Trump's transition group is considering canceling the U.S. Postal Service's contracts to amaze its shipment fleet, as part of a more comprehensive suite of executive orders targeting electric automobiles, according to three sources acquainted with the strategies. The move, which might be revealed in the early days of Trump's administration that begins on Jan. 20, remains in line with Trump's project assures to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. modification-- a program Trump has stated is unneeded and possibly. harming to the economy. Reuters has previously reported that Trump is planning to....

Logistics

Trump may cancel United States Postal Service electrical mail truck agreement, sources state

Donald Trump's transition group is thinking about canceling the United States Postal Service's. agreements to electrify its shipment fleet, as part of a broader. suite of executive orders targeting electrical lorries, according. to 3 sources knowledgeable about the strategies. The relocation, which might be revealed in the early days of. Trump's administration that starts on Jan. 20, is in line with. Trump's campaign promises to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. change-- an agenda Trump has stated is unneeded and potentially. damaging to the economy. Reuters has formerly reported that Trump is planning...