DPD 2021 in full swing 
France-headquartered DPD group, an affiliate of Geo Post, has reported its results for 2021. Revenues amounted to EUR 14.7 million, a 14.8% increase compared to 2020, while operating profit went up by 25%, passing the mark of EUR 1 billion (EUR 1.06 billion). 2.1 billion parcels... more
Series B funding round raises USD 40 million
Berlin-headquartered start-up Instafreight recently closed is Series B funding round at USD 40 million. The financing round was led by Heliad and the European Investment Bank (EIB). All previous investors also participated in this round. EIB vice president Ambroise Fayolle... more
Interline service from Mexico to Chicago launched
In partnership with Kansas City Southern (KCS), Canadian Pacific Railway (CP) recently launched the first dedicated international intermodal train between Lazaro Cardenas in Mexico and Chicago in the US Midwest. This first train was born out of the need to avoid excessive delays... more
Rail bridge to ship relief supplies to Ukraine
In Germany, DB Cargo and DB Schenker have set up a logistics network in cooperation with Polish and Ukrainian railway companies to ship relief supplies by truck and rail from Germany directly to Ukraine. Donations are collected in Germany by truck, packed into containers and... more
Tidewater expands offshore services
Banyan Overseas, a subsidiary of Hong Kong-based Swire Pacific, has entered into a sale and purchase agreement with Tidewater, a company listed on the New York stock exchange. The subject of the deal is the sale of 100% of interest in Swire Pacific Offshore. The transaction... more
Cargobeamer strengthens management
Cargobeamer, an operator of unaccompanied transport of non-cranable semi-trailers in Europe, has appointed manager Boris Timm (left) as COO. Timm will also join the company’s executive board. He recently served as head of intermodal Europe at Amazon and spent many years at... more
Finnair finds ways to Asian cargo hubs
Finnair is updating its traffic programme after the closure of Russian airspace. With cargo prices still rising, the company can continue its passenger services to its key Asian markets despite the longer flight times. Finnair is still serving Seoul and Shanghai from its... more
Vygon takes over distributor in Peru
France-based Vygon, a global medical devices group, has acquired Macatt Medica, a distribution company headquartered in Lima (Peru). Founded in 1997, Macatt Medica has been distributing the majority of Vygon’s products, including a wide range of enteral nutrition products,... more
First fully electric car transporter in service
In Switzerland, the transport company Galliker, the body manufacturer Kässbohrer and the e-truck manufacturer Designwerk have jointly developed and built the country's first fully electric car transporter. The vehicle is now ready for operation. It will be used to deliver... more
ZIM sees volumes rise
ZIM has reported its consolidated results for the full year 2021: the Haifa-based carrier handled 3.48 million teu over the year, an increase of 23% compared to the same period last year, thus recording a stronger performance in this field than a number of other players in the... more