All stakes in Irish helicopter lessor in one hand 
Libra Group, the parent company of Dublin-based aircraft lessor LCI, has acquired the minority interest in LCI Helicopters held by global investment firm KKR. Libra Group chairman and CEO George Logothetis: "We are proud of what LCI has achieved and look forward to... more
Global cargo chair for Swissport
Swissport International has elected Dirk Goovaerts to the new position of cargo chair. He will assume this function in addition to his current responsibilities as head of the Middle East & Africa region. The new chair will bring together Swissport's cargo experts from... more
China Navigation changes its brand
The China Navigation Company (CNCo) has been renamed Swire Shipping. It is the Swire Group’s oldest operational brand. “Swire Shipping is widely recognised as the operating name of the business,” commented James Woodrow, managing director of Swire Shipping. Founded on the... more
Anniversary train on Brenner route
With an anniversary train, Lokomotion and Rail Traction Company (RTC) are celebrating 20 years of cooperation in railfreight services on the Brenner axis. On 15 October 2001, the company’s first freight train set off from the Munich Riem station in Germany bound for Verona in... more
A good quarter for J.B. Hunt
In Q3/2021, the Arkansas-based US firm J.B. Hunt Transport Services achieved earnings of USD 199.8 million, an upswing of 59.2% compared to the same period in 2020. Revenues amounted to USD 3.14 billion, an increase of 27% compared to the USD 2.47 billion in Q3/2020. The... more
Bonds for Savannah
The Georgia Ports Authority (GPA) does not intend to finance the build-up of its port facilities via credits from banks. Instead, it has announced plans to issue via public offering approximately USD 425 million in revenue bonds to fund infrastructure projects at the Port of... more
Breaking ground for C3
BLG Logistics is building a new warehouse in Bremen (Germany). The abbreviation C3 stands for the initial letters of the words customer, climate and comfort. The sustainable real estate is also intended to be used as a blueprint for other sites belonging to the Bremen-based... more
Hermes expands India product team
Hermes Logistics Technologies (HLT), which specialises in IT solutions and cargo management systems for the global air cargo industry, has made four appointments to its product team in India. The new members of the team – Gulshan Kataria, Divya Gulati, Rohit Bhadbhade and Ganesh... more
Another Amazon gateway in PNW
Amazon has started operations at its new air gateway at Spokane airport (GEG), WA, USA. This is Amazon Air’s second location in the state of the Pacific Northwest (PNW) region. The first flight on Amazon Air’s branded B737 freighter, operated by Sun Country Airlines, arrived... more
Plug-in-hybrid truck (also) runs for research
Scania recently delivered a plug-in-hybrid truck (PHEV) to Havi. The truck will be deployed in regular service in Stockholm and its suburbs, but also be part of a series of trials for research projects. In one of these projects, Havi has been performing night time deliveries... more