AAL's Asia-Americas Trade lane scores
The multipurpose and project heavy lift carrier AAL Shipping (AAL) transported a heavy lift barge from Taicang, China to Papeete, Tahiti On its ‘Asia – Americas Trade Lane’. The barge weighed-in on hook at 410 t and measured over 53 m in length and 3,657 cbm, and was stowed... more
Experienced transport analyst joins GXO
Mark Manduca has been appointed chief investment officer of GXO Logistics, the intended spin-off of XPO’s logistics business, effective May 2021. His task will be to analyse GXO’s growth opportunities, optimise its asset portfolio and oversee its UK pension investments. Manduca... more
Funding for female-led Frisco drone company
Mightyfly, an autonomous air cargo carrier based in the San Francisco Bay Area, has closed USD 5.1 million in seed funding. The round includes investments from 500 start-ups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. It will be used to... more
A bigger fleet for Harren Bulkers
The new star was born only recently. Just a few months after the launch of Harren Bulkers, three 93,000 tdw post-panamax bulkers will now form part of its fleet on a long-term basis. The Bremen-based shipping company acquired the post-panamax bulker “Topas” (built 2011),... more
Radiopharma Logistics Group certified
Radiopharma Logistics Group (RLG) has announced that the Iso and Afnor certifications for its three affiliate companies were renewed in February 2021. RLG comprises the three companies Isovital (founded in 2005), Isolife (2007) and Isotopes Services International (ISI). RLG took... more
Powered by 100% green electricity
DB Cargo is consistently setting its signals to green. With a symbolic container campaign in major German cities and on motorways, the German railfreight company presented its new climate goals to the general public on Earth Day, yesterday, 22 April. DB Cargo wants to become... more
"Curiosity of the Day"
In Australia, horses kill five people per year. That is more people than are killed by all poisonous animals on the continent combined. more
Cargo railways fined for antitrust offences
The European Commission has fined rail companies ÖBB, DB and SNCB a total of EUR 48 million for breaching EU antitrust rules. The companies participated in a customer allocation cartel, which concerned cross-border rail cargo transport services, conducted by their freight... more
CN outbids CPR
Canadian National Railways (CN) has made a superior proposal to combine with Kansas City Southern (KCS). With USD 325 per KCS share, the bid represents a 21% premium over the implied value of Canadian National Railways' (CP) transaction and rates KCS at an enterprise value of US... more
Healthcare partner for Fiege
Fiege took over the handling of e-commerce logistics for the healthcare retailer recusana at the beginning of April this year. Recusana is an affiliate of the McKesson Corporation, specialises in material for wound care and delivers dressings, hygiene supplies and skincare... more