An independent fourth-party chemical logistics services provider (4PL) was established in an international joint venture between three of Europe’s leading logistics companies, Bertschi, De Rijke Group and Hoyer. The new business will operate under the name Log4Chem.
By pooling activities in chemicals-related logistics, transport volume of around EUR 200 million ($259.3 million) is expected to be generated in the coming years, according to the Log4Chem partners. The new company has a portfolio including all logistics services, such as coordination and execution of liquids and solids transports.
Log4Chem will function as a neutral facilitator between contractors and services providers, instead of having equipment of its own or other assets, according to the Log4Chem partners. Its role is to focus on gearing up the efficiency of the supply chain for example to eliminate unproductive “empty legs” and to concentrate on the sustainable use of intermodal transport.
The joint venture is designed to market, coordinate and optimize all new 4PL transport activities of the three shareholders. This particularly affects transport and logistics services for the chemicals industry in Europe, Africa, and the Middle East. Log4Chem aims to become market leader in these regions.