Facility close to Seoul changes hands 
South Korean ESR Kendall Square REIT has acquired another mixed-use logistics facility for KRW 103 billion (USD 94.2 million). This acquisition follows the recent launch of “Anseong LP”/“Yongin BRIC” located in the logistics hub of the broader Yongin area about 1.5 hours... more
Sichuan Group in long-term agreement
The Sichuan Port and Shipping Investment Group (Spsi) and the Cargotec Corporation signed a contract on 8 June 2021 in Chengdu, China. The agreement establishes a long-term cooperative relationship with the development of land port, water port, logistics park, multi-mode... more
New locomotive pulls 7,100 t
Sinara and the Russian Railways (RZD) have agreed on supplying 2TE5A mainline freight two-sectioned diesel locomotives with asynchronous traction drive. The agreement envisages the production and delivery of 200 2TE35A diesel locomotives by 2031 and the construction of... more
Air freight specialists for Aero Africa
Hong Kong-based air cargo management group Aero Africa has welcomed Joey Xu (photo) in the newly-created position of director airfreight Asia, and Gary Tobias as regional operations manager. They will join the management team in China and Southern Africa. Xu will be... more
Fake luxury watches, not "plastic cards"
US Customs and Border Protection (CBP) in Louisville recently halted a shipment, manifested as plastic cards, which was arriving from Hong Kong and heading to Miami. They found a total of 20 Rolex watches deemed to be counterfeit by CBP’s trade experts. All of the watches... more
Idealworks picks Schneider
Michael Alexander Schneider is the new CEO of Munich (Germany)-based Idealworks, which was founded in November 2020 as a wholly owned subsidiary of the BMW Group. Completing the management team, Schneider has been working with CFO Karin Korber, COO Markus Bauer and CTO Jimmy... more
50 preighter flights for Egetrans
A year ago, Lufthansa Cargo started offering its customers transport options in so-called preighters - passenger aircraft used for transporting cargo only. Since March 2020, the cargo airline has operated about 1,500 such services globally. Recently, the 50th preighter... more
Bimco and ICC promoting e-BL
The Baltic and International Maritime Council (Bimco) has partnered with the International Chamber of Commerce (ICC) and other stakeholders to develop a global electronic bill of lading model for vessels operating in tramp traffics. Bimco says that this initiative will be... more
First location in Barcelona
The North Germany-based L.I.T. group opened its first location in Spain on 1 May 2021. From the new office in Barcelona close to the international seaport, a team of three employees handle export and import orders covering the Iberian Peninsula. Initially, the business will... more
Fuel cell trucks for emission-free fleet
In Germany, the Esslingen district in Baden-Württemberg has commissioned EFA-S, a specialist for new and converted e-transporters, to build two trucks with fuel cell technology. In addition to a battery, the vehicles have hydrogen tanks and a fuel cell that converts the... more