John Nardi (NYSA) named Person of the Year 
John Nardi, president, New York Shipping Association (NYSA), has been named the 2022 Person of the Year by the New York/New Jersey Foreign Freight Forwarders and Brokers Association (NYNJFFFBA). A 38-year maritime industry veteran, John Nardi was appointed president of NYSA in... more
A good Echo from the market
Chicago-based and Nasdaq-listed Echo Global Logistics has reported its financial results for Q3/2021. In September, Echo entered into a definitive merger agreement to be acquired by funds managed by The Jordan Company, a global private equity firm. Revenues in Q3/2021... more
Maersk's affiliate turns 150
Precisely on this day 150 years ago, the Hamburg-Südamerikanische Dampfschifffahrts-Gesellschaft – better known as Hamburg Süd – was founded in Hamburg by German and English business men, as the successor of the 1869-founded Hamburg-Brasilianischen Dampfschiffahrts-Gesellschaft.... more
Aercap acquires GE Capital Aviation Services
As announced in our March issue, Aercap Holdings (“Aercap”) (NYSE: AER), a global specialist in aircraft leasing, has completed its acquisition of the GE Capital Aviation Services business (“Gecas”) from General Electric (NYSE: GE). The acquisition positions Aercap as the... more
Forward to the biggest hydrogen-powered fleet
Canadian Pacific (CP) is receiving a USD 15 million grant from the non-profit-organisation Emissions Reduction Alberta (ERA), which will dramatically expand the scope of its pioneering hydrogen locomotive programme. CP will increase the planned number of hydrogen locomotive... more
ATC Aviation assists ITA Airways' cargo business
ATC Aviation Services started its partnership with ITA Airways on 15 October. The globally active GSSA will be responsible for the cargo sales promotion and marketing activities of Italy's new national carrier in Canada, Chile, Colombia, Ecuador, Germany, Peru, South Africa,... more
Cargo Force: four new facilities for USPS
Cargo Force is opening four new facilities in USA to facilitate mail and express mail services in partnership with United States Postal Service (USPS) after signing a USD 100 million seven-year contract. The new hubs, located in Seattle, Washington; San Diego, California;... more
Ontario on its way to confirming cargo role
Located in the eastern part of the Los Angeles agglomeration, Ontario International Airport (ONT) is celebrating five years of local ownership. On 1 November 2016, leaders of the City of Ontario and San Bernardino County thankfully accepted ownership of the airport from the City... more
Adelaide Airport picks Brenton Cox
Airport Ltd (AAL) has appointed Brenton Cox as its new managing director. He will take up the position on 10 December 2021. Prior to joining AAL, Cox was a non-executive director of Sydney Airport and Hobart Airport and worked as an executive with Macquarie Airports and... more
Global container throughput high but volatile
The container throughput index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) increased from 123.7 points (seasonally adjusted) to 124.8 points in September, according to the current flash estimate. The value... more