Schenker's profit exceeds EUR 1 billion 
DB Cargo and DB Schenker, Deutsche Bahn's railfreight and logistics divisions, are on the upswing. DB Cargo carried 6.3% more goods by rail in 2021 than in 2020. Transport performance rose by 7.9% and operating performance on DB's rail network by around 4% to 1.1 billion tkm.... more
Yet more chartered vessels
In a new charter transaction with a group of investors initiated by MPC Capital, ZIM Integrated Shipping Services has decided to add more vessels to its fleet. The Haifa-based shipping group will charter a total of up to six 5,500 teu wide beam newbuild vessels for a period... more
Keeping the wheels turning in the air
Within just two weeks, Czech cargo handler Skyport has handled over 11 t of automotive parts across six charter flights from Prague to Girona (GRO) in northeast Spain. Both ATR-42 and Saab 340 aircraft, operated by Air Charter Service (ACS), were utilised to fly the cargo to its... more
HMM nominates Kyung-bae Kim
HMM has selected Mr. Kyung-bae Kim, the former Hyundai Glovis CEO, as the final candidate for the next HMM CEO. Kim is regarded as a logistics expert who had led the steady growth of Hyundai Glovis while serving as chief executive of the company for about nine years. With... more
Modern vehicles for Congo's terminal operations
Congo Terminal, a subsidiary of Bolloré, recently commissioned ten tractors and ten trailers worth more than EUR 1 million. This is the fourth order for rolling stock since the concession began in 2009. These latest generation YT193 and RT223 tractors, equipped with mobile... more
French takeover in Singapore
Singapore-based Keppel Logistics is to be Geodis' next acquisition. The takeover is designed to increase the French Group's contract logistics footprint and e-commerce fulfilment services in Singapore and Southeast Asia, as CEO Marie-Christine Lombard said. Keppel Logistics... more
2022: mixed picture at the Spanish ports
The Spanish ports moved a total of 88.3 million t of goods in the first two months of 2022, 8.6% more than in the same period of 2021. While January practically reached the pre-pandemic level, this trend did not continue in February, and the freight traffic accumulated in these... more
José Rueda Salinas joins APM Terminals
Company veteran José Rueda Salinas has been appointed managing director at APM Terminals Moín, Costa Rica’s largest container terminal, located in the port of Limón. Rueda Salinas will relocate to Costa Rica once the necessary permits have been obtained. He joins Moín from APM... more
John Menzies deal fixed
The deal is inked. Agility and John Menzies PLC have reached agreement on the terms of a recommended cash offer for the takeover of 100% of the ordinary shares of the latter. The deal values John Menzies at approximately GBP 571 million (EUR 675 million) on a fully diluted basis... more
Inner Mongolia now linked with Laos
China has launched a new cross-border rail service between Inner Mongolia and Laos. Transport time on the China-Laos railway is reduced by about half compared to previous road haulage services. The first freight train, loaded with 37 t of automobile accessories, recently... more