Cargologic Germany files for insolvency 
Another victim of the war in Ukraine: the cargo airline Cargologic Germany, which only started operations in September 2019, has had to file for insolvency. The competent insolvency court in Leipzig appointed airline restructuring expert Lucas F. Flöther (Airberlin, Condor... more
Alliance Ground Intl acquires TAS
Alliance Ground International (AGI) has entered into a transaction to acquire passenger and cargo handling specialist Total Airport Services (TAS) as it continues to expand its ground handling operations. The transaction is subject to customary regulatory approvals. TAS... more
Leman's activities on the rise
The Danish transport and logistics company Leman looks back on 2021 with joy. The company's turnover took a leap of 60%, rising from DKK 2.2 billion (EUR 300 million) to DKK 3.6 billion (EUR 480 million). Operating profit was back in the black in 2021 at DKK 64 million (EUR 8.6... more
Dirk Verstraeten now CEO of De Grave-Antverpia
Dirk Verstraeten is taking over the position of CEO at inland waterway shipping company De Grave-Antverpia. In this role, he will also represent the interests of the majority shareholder, HGK Shipping, at the ARA ports. Verstraeten: “As the new CEO, I’ll continue to... more
Montreal pushed projects in 2021
The Canadian Port of Montreal recorded a throughput of 1.7 million teu in 2021, up 7.5 from 2020. In tonnage, however, the port saw a decline of 3%, handling a total of 34 million t of goods last year. Financial results remained stable, with operating income moving sidewards... more
First electric trucks in Hong Kong
Kerry Logistics started deploying 5.5 t electric trucks in Hong Kong in May 2022, which makes it the first company to test such vehicles in this city. The trial run is part of Kerry Logistics Network’s green initiative to achieve net zero emissions by 2050. Kerry Logistics... more
David Berling joins DDS Logistics
Following the fundraising in November 2021, digital supply chain solutions provider DDS Logistics has recruited David Berling as a sales engineer. His mission will be to support the company's international expansion and to encourage shippers to use the provider’s solutions to... more
Profits to be invested in Damietta
As expected, Hapag-Lloyd achieved strong results in Q1/2022, handling the same volumes as in Q1/2021, approximately 3 million teu. While revenues went up by 11.2% to USD 9 billion, ebitda was at USD 5.3 billion (+11.3%) and profit amounted to USD 4.7 billion (+10.6%). The... more
A cold takeover
The French group Clareton has acquired Christian Gaillard’s cool chain business. The unit comprises cold warehouses covering a surface of 7,000 sqm (frozen, fresh and ambient storage). The staff and 25,000 sqm of land are also part of the deal. Clareton, which recently built... more
Increased sustainability for Australia
Linfox Logistics has introduced the first electric truck for the Australian retailer Coles. The electric vehicle is an important step towards Linfox and Coles’ shared sustainability goals, the two companies said. The Fuso eCanter services several Coles stores in New South... more