Atlas Air with strong Q1 results
Atlas Air Worldwide Holdings Inc has announced a net income of USD 81.5 million for the first quarter of 2022, or USD 2.38 per diluted share, compared with USD 89.9 million (USD 3.05 per diluted share) in 2021. (Last year included USD 40.9 million of Cares Act grant income, or... plus
Autonomous trucking going ahead
Volvo Autonomous Solutions (VAS) is set to offer new hub-to-hub autonomous transport solutions in the USA, and to this end will partner global logistics provider DHL Supply Chain as its first customer in the project. The solution is designed to serve shippers, carriers,... plus
Mining company tests electric locomotives
Vale, a mining and logistics company based in Brazil, has received its second 100% electric and battery powered locomotive. Manufactured in China by CRRC Zhuzhou Locomotive, the unit will initially operate in the Ponta da Madeira Terminal's switchyard in Sao Luis. Its batteries... plus
For luxury in Latin America
Cosmetics retailer Sephora, an affiliate of LVMH (Moët Hennessy Louis Vuitton), recently inked a new five-year contract with Ceva Logistics, an affiliate of CMA CGM, for activities in Latin America. Ceva has been working with Sephora for its 39 retail stores and studios in... plus
MIA cargo: freight traffic up 8% in Q1/2022
After racking up big numbers during its second-consecutive record-breaking year in freight traffic, Miami International Airport (MIA) is well on its way to a three-peat in 2022 as it kicks off World Trade Month. In Q1/2022, MIA’s total freight volume increased by 8% year... plus
Transflo announces changes at the helm
Transflo, a mobile and cloud-based platform that automates and simplifies the supply chain process for more than 65,000 North American trucking companies and their customers, has named Renee Krug (centre) CEO of Transflo, allowing Frank Adelman (left) to become Transflo’s... plus
War in Ukraine and Omicron weighing on air cargo
The International Air Transport Association (Iata) has released March 2022 data for global air cargo markets showing a drop in demand. The effects of Omicron in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline. Global demand,... plus
Short line railroad now in service
Charlotte Western Railroad (CER), a subsidiary of Jaguar Transport Holdings, has begun its rail operations. The US short line railroad acquired leasehold rights to approximately 21 km of track owned by the North Carolina department of transportation (NCDOT). It connects with... plus
Nuvocargo hires Jay Gerard
Nuvocargo, the first all-in-one digital platform to focus on USA-Mexico cross-border trade, has appointed Jay Gerard as head of customs. Gerard has over 20 years of logistics and operational management experience and was most recently global customs director, North America,... plus
Icao: major trends in January 2022
World freight traffic reported a growth of 2.7% in January 2022 (compared to 2019), 6.2 percentage points down from the increase in the previous month. The softening was broad-based across all regions, particularly in Asia/Pacific, North America, and Latin America/Caribbean.... plus