Changes at Mitsui O.S.K. Lines 
Mitsui O.S.K. Lines (MOL; president & CEO: Takeshi Hashimoto) has announced the following changes: Yoshiro Sakamoto, former general manager, secretaries & general affairs division, has been named general manager of legal division, effective 21 June 2022. Masaaki... more
Expeditors tackling the cyber attack 
1979-founded Expeditors International based in Seattle has reported its results for Q1/2022. The group with 18,000 employees saw its revenues climb by 46% compared to Q1/2021, achieving USD 4.7 billion, while its operating income rose by 20% to USD 462 million. According to... more
Investment needed to shift more semi-trailers
Standard vertical transhipment technologies (gantry cranes/reachstackers), in combination with containers, are becoming more competitive with road-only transport solutions over distances of around 1,000 km, a study has concluded. It added that most intermodal transport chains... more
Cargo operations re-open in Kyiv
AirBaltic has cooperated with Ukrposhta to organise a multimodal mail transport system and thus reopen cargo operations from Kyiv. The first mail shipment from the Ukrainian capital arrived in Riga on 12 April. Since then the company has handled more than 7,000 mail bags... more
More capacity on the ground and in the air
A Boeing B767-300 has arrived in Singapore for a P2F conversion to be carried out by ST Engineering. It will subsequently join Icelandair Cargo in October. The aircraft will be acquired on lease from AerCap, which had previously leased it to TUI Airways. Another converted... more
Change at the Cargotec helm
The Cargotec Corporation’s board of directors, elected by the members at the annual general meeting, has appointed Jaakko Eskola as company chairman. Eskola will succeed Ilkka Herlin, who has chosen to step down, having served as chairman for 17 years since 2005. Herlin will... more
Finnlines growing in these difficult times
Traffic in the Baltic Sea started well in 2022. In Q1/2022 the Finnlines Group reported revenues of EUR 157 million (124.1 million in Q1/2021), an increase of 27% compared to the same reporting period in the previous year. Cargo volumes also surpassed 2021’s level and revenues... more
Sun power on the roof to reduce emissions
Guernsey Post in the UK has implemented solar power on five of its larger vehicles with the photovoltaics provided by Trailar, a solar power solutions company from the UK. The solar vehicles include three 8.5 t Mitsubishi Fuso canter trucks, a 7.5 t Iveco Eurocargo unit and a... more
GXO remains largely Anglo-Saxon
GXO, a spin-off from XPO Logistics, has reported its Q1/2022 results. Revenues amounted to USD 2.1 billion, rising by 14% (from USD 1.8 billion) compared to the same period last year. Its operating income went up by 23.3% to a still-modest USD 37 million (USD 30 million in... more
Leadership restructured at Konecranes
Konecranes has decided to merge two business units, ‘service’ and ‘industrial equipment’, under one leadership, to strengthen its role as a lifting leader. From 1 June Fabio Fiorino, the current executive vice-president of the ‘service’ division, will head the ‘industrial... more