Latest Logistics Sector News

Silk Logistics Holdings Limited will be suspended from ASX trading following court approval of its acquisition by DP World Australia, marking a significant shift in the logistics sector.

Silk Logistics Holdings has secured court approval for its acquisition by DP World Australia, with shares set to be suspended on the ASX and a cash payout scheduled for shareholders.

The Supreme Court of New South Wales has approved DP World Australia’s acquisition of Silk Logistics, paving the way for a $2.14 per share cash payout to Silk shareholders and imminent suspension of Silk shares on the ASX.

Silk Logistics shareholders have decisively approved the acquisition by DP World Australia, marking a pivotal step toward the deal’s completion pending final court approval.

Silk Logistics Holdings shareholders overwhelmingly approved the $174.5 million acquisition by DP World Australia, endorsing a 45.6% premium cash offer. The deal now awaits final court approval to complete by mid-August.

NoviqTech Limited has expanded its sustainability technology footprint through key partnerships in hydrogen and battery recycling, secured a significant grant extension, and announced a $1.25 million capital raise to fuel growth.

Supply Network Limited has reported strong preliminary FY2025 results with a near $40 million profit and a notable increase in its final dividend, signaling confidence ahead of audited figures.

Boom Logistics announces CEO Ben Pieyre's resignation, with a transition period extending to December 2025 as the company begins its search for new leadership.

Silk Logistics Holdings has scheduled its shareholder meeting for August 1 to vote on the proposed $2.14 per share acquisition by DP World Australia, with an independent expert reaffirming the deal’s fairness.

DP World Australia has secured Foreign Investment Review Board approval to acquire 100% of Silk Logistics, clearing a major regulatory hurdle for the deal.

Locate Technologies has successfully raised $168,915 through its At-the-Market Facility, reinforcing its financial position as it continues to develop its delivery optimisation platforms.

The ACCC has approved DP World Australia’s acquisition of Silk Logistics, concluding it won’t significantly harm competition in container stevedoring and logistics services. The decision follows a thorough investigation into potential market impacts.