EUR 3.5 million for Flagship Founders 
Flagship Founders, a Berlin-based venture studio founded in 2020, has developed a successful new approach to building ventures in the maritime industry. Partner companies such as F. Laeisz, Starthub Ventures or Philipp Ahrenkiel, invested EUR 3.5 million in this company, in a... more
Asian markets to expand till 2030?
It is not necessarily only Asians which are expecting their markets to boom. A recent study conducted by UPS emphasises that "Asian markets are becoming the global epicentre for new consumer demand." According to these findings, trade among twelve key markets in... more
From two railroads to five in one stroke
Gulf & Atlantic Railways (G&AR) has signed an agreement to acquire three midwestern short line railroads from Midwest & Bluegrass Rail. Camp Chase Railroad, Chesapeake & Indiana Railroad and Vermilion Valley Railroad are located in Ohio, Indiana and Illinois,... more
Industry urges more action for modal shift
European railfreight associations, railfreight CEOs and the European Parliament’s transport and tourism committee have endorsed a joint declaration on the need to speed up the modal shift in freight transport. The document predates a 2020 joint declaration which identified the... more
Airlines for Europe elects Ourania Georgoutsakou
Airlines for Europe (A4E), Europe’s largest airline trade association, has named Ourania Georgoutsakou as its new managing director. She has over two decades of policy and public affairs experience in trade and representative associations and joins from Lighting Europe, where... more
ONE now holds 28.7% of Poseidon
Poseidon Acquisition Corp., an entity formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of the board of Atlas, and Ocean Network Express (ONE) and certain of their respective affiliates, has... more
ABC about to return?
Izvestia has learned that Russia's largest cargo airline, which ceased all its operations March 2022, is soon to be reactivated. According to two sources of the Russian daily, Air Bridge Cargo Airlines (ABC) will begin regular flights on the Moscow-Beijing route from June 2023.... more
Thanks to Schenker, DB is back in profit
The Deutsche Bahn Group (DB) is back in the black. Despite the burdens on the rail business caused by the pandemic, the war in Ukraine and the sharp rise in inflation, the company closed 2022 with a significant operating profit. The operating result (ebit adjusted) improved by... more
ATI: solid results for 2022
Asian Terminal Inc. (ATI) posted solid results for 2022 in terms of revenues, handling of teu and the transit of passengers in the international container ports of Manila and Batangas, in comparison to 2021. Revenues increased by 19.2% (PHP 13.62 billion) and 12.7% for... more
Airbus FAL Tianjin delivers first A321neo
Airbus has delivered the first A321neo aircraft assembled at its Final Assembly Line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF engines and features 207 comfortable seats, eight in business and 199 in economy... more