A strategic airfreight partnership in Australia 
Team Global Express has entered into a strategic USD 480 million, seven-year partnership with the trans-Tasman cargo airline Texel Air Australasia. This cooperation has introduced four Boeing 737-800 BCF (Boeing converted freighter) aircraft to Team Global Express’ domestic... plus
Hupac extends terminal fleet in Italy
Hupac has added a new shunting locomotive to boost train-in/train-out services at its intermodal terminal in Busto Arsizio and Piacenza. The Swiss combined transport specialist manages eight shunting locomotives at its Italian transload facilities in the Busto Arsizio,... plus
Carrying forward a Chinese REIT
ESR Group has received approval for its REIT application in China. As part of this real estate investment trust, the company is expected to raise over RMB 2.438 billion. The China securities regulatory commission approved the group’s application to register and list ESR China... plus
UPS sells 3PL unit
UPS is selling its 3PL business unit Coyote Logistics to RXO, a North Carolina-based freight forwarder. The transaction has been agreed on for USD 1.025 billion. The sale will help UPS to focus more on expanding its portfolio as a small package provider in future. Coyote... plus
Kombiverkehr: modal shift reduced in 2023
With a total of 815,467 truckloads (one load corresponds to the capacity of a truck-trailer combination), or 1.63 million teu, the overall number of containers, swap bodies and semitrailers transported dropped by 15.9% last year compared with 2022. Transport volumes... plus
Expanding Europe-wide shipping service
CLDN and Transfennica have added another link to their shipping services in Zeebrugge, offering broader connections in Northern and Western Europe. Transfennica's service between Antwerp and the ports of Hanko, Kotka, Rauma (Finland), and Paldiski (Estonia) will call at CLDN's... plus
IBS Software picks CEO
IBS Software, a global SaaS solutions provider to the travel industry, has appointed Somit Goyal as its new chief executive officer (CEO), effective immediately. Somit succeeds Anand Krishnan, who has served as CEO of IBS Software since 2018. Goyal brings a wealth of... plus
KN for French fashion
Kuehne + Nagel (KN) is establishing a distribution hub in Piscataway, New Jersey, which will be used for the French fashion brand Sézane’s e-commerce operations. Founded in 2013 in Paris, Sézane has since grown its brand and is now looking to expand its network in the USA.... plus
Powerful e-truck charging network ready to go
Citywatt, a German service provider for electric mobility, is opening up its charging network to electric lorries. This will ensure more e-mobility for heavy goods vehicles at more than 50 charging park locations in Germany. The charging parks with more than ten HPC charging... plus
Sustainability milestone for HGK Shipping
HGK Shipping recently launched its newest dry cargo vessel, "Helios," in Düsseldorf (Germany). Serving ADM, a global food and agriculture company, the ship features the world's largest solar panel array on an inland vessel. The "Helios" includes low-water... plus