Two tandems to lead L.I.T. subsidiaries 
The L.I.T. Group is expanding the management for two of its subsidiaries. Since 1 July 2022, Robert Hennemann has been heading L.I.T. Cargo together with Ingo Schreiber, while Michael Borowski has been appointed to the management team of L.I.T. air & sea alongside Simeon... more
Estonian-made locomotive licenced in Finland
After nearly a year of test drives and administrative processes, Finland has granted permission for the first C30-MF locomotive constructed in Operail’s depot in Tapa, Estonia, to operate on Finland’s public railways. Operail Finland has so far carried out shunting... more
Egyptair stops monkey flights
Thanks to the efforts of Peta, other animal protection organisations, and activists from around the globe, nearly every major airline in the world has stopped transporting monkeys to laboratories. A senior official from Egyptair has sent an e-mail to Peta US announcing that... more
26 forwarders acquired in just eight years
PS Logistics has finalised the acquisition of Noble Trucking and Noble Logistics via its DMT Trucking subsidiary. The price of the transaction was not disclosed. The transaction will further strengthen DMT Trucking’s operations in USA with the addition of over 400 power... more
Overtime in Savannah
Not all ports are effected by strikes and shutdowns. At the beginning of its fiscal year, the US East Coast Georgia Ports (GPA) processed almost 531,000 teu in one month. This July saw a throughput 18% higher than the same month last year. The employees and partners are the... more
Agility also flourishing
In H1/2022, Kuwait-based Agility achieved a revenue of KD 270.5 million (USD 882 million), an uptick of 22.9%, and a net profit of KD 28.8 million (USD 94 million). Ebitda, which excludes the performance of the GIL business sold by Agility in 2021, increased by 21.5% to KD 71... more
Apex Rail welcomes Martin Metz
Martin Metz joined Apex Rail as managing director & partner on 1 August 2022, bringing more than 30 years of experience in the banking industry. Metz previously spent more than 20 years as global head of land transport finance at DVB Bank. He moved to Landesbank... more
Good vibes in San Pedro Bay
The Port of Long Beach is keeping the pace. July’s throughput of almost 786,000 teu is just ahead (+0.13%) of the record achieved in the same month last year. While imports declined by 1.8% to 376,000 teu, exports went down by 0.5% to 109,000 teu. Yet, empty containers moved... more
Enhancing a niche market
In addition to the transportation of automobiles across Kazakhstan for Toyota Motor, Gebrüder Weiss is now also handling replacement parts distribution and warehousing for the Japanese automaker’s dealers in Almaty. In 2021, Toyota sold around 14,000 vehicles there – equivalent... more
WFS adds cargo capacity at Heathrow
Worldwide Flight Services (WFS) has increased its facility footprint at London’s Heathrow Airport after a 30% growth in volumes in the past year. WFS has signed a five-year lease on Building 578 in the airport’s cargo area, boosting its warehouse and office space by a... more