Norway to implement minimum wage for freight companies

Norway is going to implement a minimum wage for drivers hired by all the freight firms operating in the country on July 1, wnp.pl web portal reported on Wednesday. The wage will be 10 times higher than it stands in Poland, the portal estimated.

Locked content OT Logistics with over 300% higher net profits in Q1

OT Logistics, Poland’s largest inland shipping operator recorded a 306 percent increase in net profits year-on-year, totaling PLN 6.1 million in the first quarter of the year, a press release informed. The firm’s revenue increased by 1.3 percent y/y, amounted to PLN 186 million. EBITDA r...

Record demand for warehouse space in 2014 – JLL

Over 2 million sqm of warehouse space was leased throughout 2014, the highest figure in the history of the Polish warehouse market. Last year saw a 6 percent increase on 2013, “despite the lack of spectacular entries (such as Amazon in 2013),” real estate consultancy JLL wrote in a repor...

Locked content CBRE GI Fund acquires Ideal Idea Park

CBRE Global Investors announced that it has purchased Ideal Idea Park from BPH TFI investment fund for some €32 million. “It is our third acquisition in the area. Previously, we acquired Warsaw Distribution Center in December 2012 and Manhattan Business & Distribution Centre in November 2013. &#...