• Realogy Announces Sale of Its Global Cartus Relocation Business to SIRVA (11/07/19)
    Realogy Holdings Corp. announced today that it has reached an agreement to sell its global Cartus Relocation Business to SIRVA Worldwide, Inc. The sale is projected to be completed in the first half of 2020 and to be valued at $400 million with terms including Realogy to receive “$375 million in cash at closing, subject to certain adjustments, and a $25 million deferred payment.” (See Realogy full press release at: https://www.realogy.com/news)
  • Santa Fe Announces Divestment of Relocation Business (09/25/19)
    Santa Fe Group is reporting today on their website that it has “divested its subsidiary Santa Fe Group Limited, which holds the group’s relocation activities, to Santa Fe Intressenter AB, a company controlled by Lazarus Equity Partners with support from Proventus Capital Partners.” The subsidiary handles the location business activities for the group.  Other details of the agreement can be found at: https://thesantafegroup.gcs-web.com/press-releases
  • Brexit Aborted UK Exit Date Causes Dramatic Volume Drop (08/28/19)
    Lloyd’s Loading List reported earlier this month that “One of Europe’s leading full truckload (FTL) operators, Waberer’s International, posted a decline in both revenue and earnings in the second quarter of the year, largely due to lower volumes in the aftermath of the UK’s aborted 29 March Brexit date.” The operator reported turnover down 6.4% even though regional contract logistics is up 7%. While several industry issues were involved, the Brexit abort event caused a dramatic drop in demand for inbound services to the UK which is being termed as “Demand Shock”. The new Brexit date is 31 October. (For more see: https://www.lloydsloadinglist.com/freight-directory/news/)

Parsifal Enhances PAS™ Audit System Technology

Parsifal Corporation continues to enhance their technology edge in the industry. Parsifal has developed and released an upgraded version of its Audit Technology, PAS™ V. 7.0 which provides the entry/upload of Line Item Details into the Parsifal Audit System (PAS™). This upgrade option allows clients to data mine at a new level and transparency with seeing supplier and geographic trending of various accessorial charges (i.e., who charges shuttles more often, etc.).

Parsifal Exhibiting ERC 2019 Boston Link
Thursday, October 10, 2019
Parsifal Moves Data Center Link
Tuesday, September 24, 2019
Parsifal Exhibiting-SHRM19 Las Vegas Link
Wednesday, June 19, 2019

Standards, Guidelines and More

Stay up-to-date with the latest industry standards and guidelines. Please feel free to download the PDF's below: