Munich, Germany: Customers using Idem telematics now have access to all data from Thermo King fridges and BPW AxlePower energy generators..The three companies collaborate to share data with customers to provide better visibility of their refrigeration systems, tractors and trailers regardless of their preferred platform. Thermo King’s TracKing e-Vision solution provides customers with insights on …
London, UK: Volta Trucks, which filed for bankruptcy in Sweden where it is based, has been bought out of administration by one of its biggest creditors. Sky News revealed a week ago that Luxor Capital Group, a shareholder and lender to Volta, was in advanced talks with the company’s administrators. Volta, which has prototype elecric trucks …
Novi, Michigan, USA: Cold storage giant Lineage Logistics is aiming for a valuation of over $30bn in its initial public offering (IPO), expected in the first half of 2024, according to press reports. An IPO refers to the process of offering shares of a private corporation to the public in a new stock issuance for …
Daventry, UK: Maritime Transport has a three-year contract with Tesco to deliver Tesco’s rail operations at its central distribution hubs within Daventry International Rail Freight Terminal. “The new agreement builds on Maritime’s 13-year history with the UK’s largest retailer of groceries and general merchandise, providing distribution services by road to Tesco sites and strengthens Maritime’s …
Rueil Malmaison, France: Carrier Transicold unveiled a retrofit system for vector trailer fridges at the Solutrans trade show in France. The [R]eCool converts existing Vector diesel refrigeration units with E-Drive technology installed on semi-trailers into a 100% electric refrigeration powered by a battery. The hybrid [R]eCool can also be recharged via the Vector’s generator set. …
Warsaw, Poland: Lineage has opened its new central eastern European headquarters in Warsaw, Poland. The new office reinforces Lineage’s presence in the region after its acquisition of Pago in 2020. “The opening of the new Warsaw office marks a significant commitment to Central Eastern Europe, and surrounding regions,” said Harld Peters, president, Lineage Europe. “The …
London, UK: Veterans into Logistics, a charity that helps former military personnel to re-train for a career in the logistics sector, has replaced its ageing fleet of three HGV driver training vehicles with modern Volvo trucks. The new vehicles comprise an FH 460 LNG Globetrotter 6×2 tractor unit donated by Volvo Trucks UK & Ireland, …
Keelung, Taiwan: Taiwan’s second largest liner shipping company, Yang Ming Marine Transport, has ramped up its ability to ship more perishables after investing in refrigerated containers and monitoring systems. Carrier Transicold has supplied the company with 2,000 of its PrimeLine refrigeration units. They will also be fitted with Lynx monitoring systems. Lynx Fleet monitors reefer …
Boroughbridge, UK: Reed Boardall reports profits before tax up at £1.4m for the year ending 31 March 2023. In the previous year it reported a £4.1m loss. Marcus Boardall, chief executive, Reed Boardall, highlighted inflationary pressure on costs but said labour shortages had eased over the past year. This was largely due to “initiatives we …
Gricignano d’Aversa, Italy: Last month, CubeCold Europe acquired Frigocaserta, a southern Italian temperature-controlled warehousing company. Domenico Razzano, managing director, Frigocaserta taks about the company’s background and future plans as part of CubeCold. “I entered this business in 2008 without any prior knowledge of it,” Razzano said. “I joined as an accountant. I became the chief …
Reading, UK: The Cold Chain Federation has welcomed the government’s decision to introduce a new six-year Climate Change Agreement scheme, as revealed in the autumn statement. The new scheme would ensure businesses continue to receive reduced rates of Climate Change Levy until at least March 2033. Tom Southall, executive director, Cold Chain Federation, said: “The …
Warrington, UK: Iceland is building a £80m distribution centre in Warrington. The building stage of the 550sq ft site is finished ready for the internal fit-out. The warehouse is due to open in late 2024, according to an article in the Warrington Guardian. This will be Iceland’s largest distribution centre – supplying more than 350 …
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