Done Deals: May 5, 2020

Bombardier Transportation and Trenitalia have signed a new contract for integrated logistics services to support the fleet of ETR500 very high-speed trains. The base order is for six years with an option for a further six years. The ETR500 trains are very high-speed electric multiple units. The fleet of 58 trains was manufactured by a consortium of Bombardier, Alstom and AnsaldoBreda. The trains have been in service in Italy since the mid-1990s and they have been operating under Trenitalia’s Frecciarossa (red arrow) brand since 2008. Bombardier will provide around 120 different components to Trenitalia within a 48-hour delivery time, including new, repaired and overhauled items. The contract includes critical components such as traction cooling equipment and transformers.

Seaspan Corporation has taken delivery of the last of four eco-modern vessels, which have each commenced five-year charters with a leading global liner. The vessels are 12,000-TEU capacity, with three built in 2018 and one built in 2017. Seaspan’s global fleet now consists of 123 vessels representing total capacity of 1,023,000 TEU.

CEVA Logistics has renewed its contract with Mondadori Group, the Italian publishing house for books and magazines. The new contract extends a partnership begun in May 2017, for a further five years. Logistics activities under CEVA’s management will be concentrated between Stradella 4 and Verona. CEVA will be in charge of distributing around 65 million items per year on behalf of Mondadori and move around 340,000 different titles.

NovEx Supply Chain, LLC has acquired BGS Fulfillment, a Memphis B2B warehousing and fulfillment provider. NovEx will now allow NovEx to serve the majority of the United States with exceptional final mile service and customer experience. The BGS acquisition provides a strategic foothold in Memphis, a portfolio of clients, an exceptional team, and an operation shipping thousands of packages daily. NovEx has partnerships in and is developing similar roll-up acquisitions in the United Kingdom, India, and Canada.