Jaxport retains stable credit rating 
The port of Jacksonville, Florida’s largest container gateway, was pleased that Fitch Ratings recently confirmed the A rating of the port's approximately USD 130 million in outstanding revenue bonds. The credit rating agency issued the port with a ‘stable’ rating outlook.... more
Creating a Korean conversion cluster
More passenger-to-cargo (P2F) aircraft conversion facilities are needed around the world in order to meet the expected rise in demand for widebody freighter aircraft. That is why Israel Aerospace Industries' (IAI) Aviation Group signed a memorandum of agreement with Incheon... more
More block train services to Europe
Ceva Logistics has introduced a new weekly train-ferry service from China to UK. The route's pilot shipment left Xi'an (China) by block train on 18 March 2021, bound for Kaliningrad (Russia), where the cargo was reloaded the same day onto a ferry that arrived in Immingham on 6... more
Pigs in airspace
As China has to import pigs due to losing half of its native population (i.e. approximately 30 % of the world's population) to African swine fever since 2018, 1,030 purebred breeding pigs flew approximately 11,000 km from London STN to Chengdu in a B747-8F last week. The... more
American JAS invests in Hong Kong
JAS Worldwide, a global freight forwarding company headquartered in Atlanta, GA, and founded 1978 in Milan, Italy, has acquired Tigers Limited, a freight forwarding and supply chain management company based in Hong Kong. It is a strategic step for JAS, which covers more than... more
Pop-up terminal opens in California
US class I railways Union Pacific (UP) is opening a new intermodal terminal near the Ports of Los Angeles and Long Beach in an area that is central for the distribution of imports and industrial warehousing in Southern California. The terminal will come on stream in Q2/2021,... more
Swiss Post secures M&A competence
Hannes Caj is changing fronts. After 13 years as a partner at Zetra International, a Swiss consulting firm for mergers & acquisitions, real estate transactions, restructuring and debt advisory, the Austrian-born Hannes Caj has joined Swiss Post as head of finance M&A.... more
Rhine ports steady the ship
The first quarter of this year went rather well for the Port of Switzerland, the operator of the Swiss inland ports on the River Rhine. The port authority’s three hubs handled 1.26 million t of goods in Q1/2021, 2.9% less than the 1.29 million t in the same period last year.... more
New CEO at Istanbul's ISG airport
Malaysia Airports has appointed Berk Albayrak as new CEO to pilot Istanbul Sabiha Gokcen International Airport (ISG), Turkey’s second largest airport. He succeeds Ersel Goral, who resigned effective 27 April 2021, after having served as CEO of ISG for the past three and a half... more
Securing dry ice supplies in the desert
Etihad Cargo, the cargo and logistics arm of the Abu Dhabi-based Etihad Aviation Group, has strengthened its ability to transport Covid-19 vaccines around the world after receiving UAE General Civil Aviation Authority (GCAA) approval to expand dry ice carrying capabilities... more