Focus on leasing business 
Suttons International is acquiring ISO tank containers, personnel and overseas customer contracts from VTG Tanktainer, including VTG's shares in the Brazilian JV Mission Line. VTG's stake in the Cosco VTG Tanktainer JV to serve the Chinese market is not included in the Suttons... more
CMA CGM buys FMS in Los Angeles
It is a new chapter in CMA CGM's Transpacific trades. The French Group is acquiring the Fenix Marine Services (FMS) container terminal at the port of Los Angeles. The transaction is valued at about USD 2 billion. CMA CGM already holds a 10% stake in FMS and is to buy the... more
No limits for DHL Group
Deutsche Post DHL Group has again improved its figures, in Q3 of the current financial year 2021 as well. Revenues surged by 23.5% to reach the threshold of EUR 20.0 billion, while the group's operating profit (ebit) went up by 28.6% to EUR 1.8 billion. The ebit margin... more
Rushlift GSE wins global contract with Menzies
Rushlift GSE, the specialist airport ground support equipment subsidiary of Doosan Industrial Vehicles UK, has entered into a six-year global framework agreement with airport ground services company, Menzies Aviation, to supply GSE equipment. Under the arrangement, Rushlift... more
Hydrogen production site planned in Gothenburg
The Port of Gothenburg and the Norwegian energy company Statkraft have formed a coalition to construct a hydrogen production facility at the port, with operations due to commence in 2023. Initially, the facility will have a capacity of four MW, producing up to two tonnes of... more
Unipart chooses Ian Truesdale
Ian Truesdale has been appointed managing director of Unipart Logistics, the logistics and supply chain arm of Unipart Group, one of Britain’s largest independent companies in the sector. He succeeds Frank Burns, who has been named executive vice president, Unipart Group.... more
European road freight rates at record highs
The European road freight rate benchmark for Q3/2021 shows that prices have hit historic highs across Europe, driven by a mix of robust economic growth, global supply chain bottlenecks, rising costs and scarce capacity, the International Road Union (IRU) reports. The Q3/2021... more
Geodis' first generation of mobile robots
Geodis is upgrading a distribution centre in Hong Kong, SAR China, by implementing warehouse-based robotics and automation technology supplied by Geek+, a supplier of smart logistics tools through advanced robotics and artificial intelligence (AI), in order to accelerate a shift... more
ID Logistics US picks William Parramore
ID Logistics has named William Parramore as managing director of ID Logistics USA. He has 25 years of experience logistics and supply chain and holds an MBA in business/managerial economics from Paris Dauphine University. In 1996, Parramore joined Geodis and became vice... more
First autonomous electric pod system in service
Swedish freight technology specialist Einride and GE Appliances (GEA) are working together to implement electric and autonomous transport at scale. It will be the first time an autonomous and electric truck will be operating on American soil, the companies said. The... more