Big Brown in good shape 
UPS is reaching for the stars, approaching the threshold of USD 100 billion in annual revenues. In 2021, consolidated revenue in the CEP business increased by 15% compared to 2020, amounting to USD 97.3 billion in total. Net profit also took a leap, since adjusted operating... more
Road congestion strengthens rail in Asia
DHL has seen significant uptake with its 2021 launched daily connection between Kunming, China and Vientiane, Laos. The rail service shortens transit time between these two destinations to about 20 – 24 hours, compared to 20-30 days with the present heavy traffic on the... more
Swissterminal celebrates half a century
Swissterminal, an international integrated logistics provider headquartered in Frenkendorf near Basel and with locations in Switzerland and France, is celebrating five decades of operations. On 1 February 1972, when Alex Mayer founded Container Depot – the forerunner for... more
‘A’-ratings for The Swedish Club
S&P Global Ratings has reaffirmed the ‘A’-ratings for long-term insurer financial strength and issuer credit for The Swedish Club. S&P also maintained its assessment of the Club's outlook as negative. Managing director of The Swedish Club, Lars Rhodin: “Following such... more
Train instead of truck cuts CO2 by around 75%
A positive result: At the end of last year, automotive industry supplier Webasto tested the delivery of component parts for production by train at its plant in Mecklenburg-Western Pomerania (Germany). The interim results of the pilot conducted by DB Cargo Logistics and... more
London City bond opts for freeport advantages
The freeport status has attracted yet another tenant to DP World London Gateway’s growing port-centric logistics park. London City Bond, which will take the facility on a long-term lease from March, is a major UK tax warehousing company and specializes in storage for renowned... more
New LNG units for PIL
Pacific International Lines (PIL) is investing again. According to the local press in Singapore, the liner has ordered four newbuilds. Currently, two 13,000 teu LNG units are confirmed, and another two are in the pipeline. The vessels will be built at Jiangnan Shipyard.... more
Big order for Boeing's new freighter programme
Qatar Airways will be the 777-8 freighter launch customer with a firm order for 34 jets and options for 16 more, the largest freighter commitment in Boeing history by value (+USD 20 billion at current list prices). Boeing will build the type in its Everett, WA factory, where... more
Geis banks on autonomous local transport
In Germany, the Geis Group is starting a project at its headquarters in Bad Neustadt to further develop autonomous truck driving using the 5G mobile radio standard. The project is designed to run for three years and is part of the "5G-InnoPlatt-NES" joint... more
J.B. Hunt reaching the zenith
Zenith Freight Lines, a subsidiary of Bassett and based in Conover, NC (USA), is being acquired by J.B. Hunt Transport Services of a purchase of USD 87 million. When the transaction has been finalised, J.B. Hunt and Bassett will enter into a long-term services agreement which... more