Rail service to reposition empty containers 
With more and more containers being transported by road to meet growing market demand, congestions can become a major problem and occasionally lead to equipment shortages due to longer turn times for empty boxes. To address this issue, APM Terminals Mumbai in India has... more
AOI Capital buys RK Logistics in California
RK Logistics Group, a Californian 3PL logistics firm specialising in warehousing and e-commerce fulfilment, has been acquired by a group of investors led by Miami-based AOI Capital, which was founded in 2009. This acquisition marks an expansion of AOI Capital’s participation in... more
Changing of the guard at VDR
Effective 30 April 2022, former senator Ralf Nagel will step down after twelve years as chief executive officer and executive member of the presidential committee of the shipowners’ Association (VDR). “We are delighted to have been able to win Martin Kröger, a shipping and... more
MSC going for more mid-haul units
The Mediterranean Shipping Company (MSC), the carrier with the highest maritime container capacity worldwide as of January 2022, is banking on more newbuilds. According to press reports, fourteen new 7,000 teu units have been ordered on Chinese wharfs, an investment of... more
From South Africa to the Middle East
ACC Aviation, the global aviation services group, has successfully transacted a Boeing B737-300 (ZS-TGB) to a Middle East-based investor. ACC Aviation’s asset management division was able to source the off-market 1998-built B737-300 Classic (MSN29327) from Star Air Cargo, an... more
E-vehicle extends green fleet
Arla has acquired a new electric truck from Scania for its daily deliveries. Since early April, the electric distribution truck has been making daily deliveries of Arla products from its city dairy to certain stores in Stockholm’s inner city. With three axles and a battery... more
Franck Jung reaches out to Paris
In France, the transport company Jacquemin has been taken over by Franck Jung Transports. Jacquemin specialises in the distribution of palletised freight and owns a cross-dock platform of more than 2,000 sqm. It is Frank Jung’s second acquisition after taking over Transport... more
Did piracy take a break?
There is a moderate reduction in piracy activities worldwide, as the International Maritime Bureau (IMB) reports in its latest study. The IMB is a department of the Paris-based International Chamber of Commerce. The reported incidents declined by 2.6% from 38 to 37 in... more
Key appointments at Mandata
Transport management software provider Mandata has made four key appointments to its board and senior management team. Allan Farrell (left), a former global IT director of Dell and CTO of several European technology businesses, has been elected to the Mandata board as chief... more
Cargolux again improves performance
The Cargolux Group achieved its best year on record in 2021: 1) revenues: USD 4.4 billion, an increase of 40% over 2020. 2) ebit: USD 1.72 billion (+73%). 3) profit before tax: USD 1.7 billion (+94%). 4) profit after tax: USD 1.3 billion (+68%). The increase in... more