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French-German rail merger blocked by Brussels

Alstom makes TGV high-speed trains   Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China.   The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices. The firms had said the merger would create an

FedEx Acquires Australia’s Manton

    Acquisition designed to expand freight forwarding capabilities and connect customers to global markets.   FedEx Corp. announced Thursday that it has agreed to acquire Manton Air-Sea Pty Ltd, a provider of logistics services including freight forwarding and customs brokerage solutions headquartered in Sydney, Australia. FedEx said Manton’s capabilities complement and expand its portfolio

Fraport sells its stake in Hannover Airport

Today, airport operator Fraport has sold its 30 percent stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport, to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20 percent stake in FHLG 1998, followed by another 10 percent five years later. Looking at Fraport Group’s most recent

Lyft gets into bike-share business, acquiring operator of Capital Bikeshare and Citi Bike

Lyft has acquired Motivate, the operator of Capital Bikeshare, the company announced Monday. (Astrid Riecken for The Washington Post) Lyft is getting into the bikeshare business, announcing Monday it has acquired the nation’s largest bikeshare operator, Motivate. The ride-hailing company acquired Motivate, the operator of Capital Bikeshare and New York’s Citi Bike,

Lufthansa’s Eurowings says Air Berlin plane transfer almost done

The BEST fare seats are seen inside an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary of German Lufthansa Group, as Eurowings opens a new route from Duesseldorf to New York, in Duesseldorf, Germany, April 27, 2018. REUTERS/Wolfgang Rattay   Lufthansa’s budget carrier Eurowings expects the transfer of planes from

Panalpina acquires Argentine logistics network for perishables

Panalpina agreed to acquire the Argentinian perishables specialist Newport Cargo S.A., subject to conditions. On Wednesday, Swiss forwarder Panalpina released news of a new deal to acquire Argentine logistics company Newport Cargo S.A. in a move that will bolster its orientation toward the growing Latin American perishables market. Newport Cargo handles 24,000