UPS issues new forecast 
UPS has put forward its 2023 financial targets. Consolidated revenues are expected to range between around USD 98 billion and USD 102 billion. The consolidated adjusted operating margin is planned to be in the 12.7% to 13.7% range. The cumulative capital spending from 2021–2023... more
Four new administrators for ID Logistics
On 31 May 2021, ID Logistics Group's general assembly appointed four new administrators to the board of directors, 50% of whom are now independent administrators. Éric Hémar, ID Logistics’ president: “Their international expertise in the fields of transport and logistics, CSR... more
Measures against piracy in the Gulf of Guinea
The Deep Blue project in Nigeria is shaping up well. On 10 June, the authorities announced a significant investment in its military and law enforcement infrastructure to protect its maritime dominance in the Gulf of Guinea. Managed by the Nigerian Maritime Safety Agency... more
Car deliveries per mouse click
Gefco is building on its expertise in the last mile delivery segment for the used car and mobility market. The automotive logistics provider has been contracted by online auction platform autobid.de to transport used cars. The agreement specifically applies to Gefco's... more
Eco-friendly winds from Japan
Japan-based shipbuilder Namura Shipbuilding and operator NS United Kaiun Kaisha have entered into a partner agreement for a joint research project aimed at developing a wind-powered system. Following the International Maritime Organisation’s decarbonisation targets to reduce... more
Third Swiss humanitarian flight to South Asia
After supplying aid to India and Nepal during May, Switzerland is also helping Sri Lanka to combat the Covid-19 pandemic. On Monday 7 June 2021 Swiss Humanitarian Aid dispatched medical supplies weighing 16 t and worth CHF 3.5 million (EUR 3.2 million) to Colombo, including half... more
K Line bestows environmental awards
This is the seventh round of environmental awards since they were established in 2015. K Line has accepted many entries from group companies both in Japan and overseas. Activities of seven companies were selected, based on the criteria originality, challenge level, degree of... more
Knight-Swift acquires UTXL
Phoenix-based Knight-Swift Transportation has bought all equity interests of Kansas City-based third-party logistics company UTXL for around USD 22.5 million. UTXL specialises in full truckload services in USA, Canada and Mexico. It generated over USD 100 million in... more
Increased frequency for Romania - Turkey link
ÖBB Rail Cargo Group (RCG) increases frequency: the carrier is now offering two roundtrips per week between (Romania) and Istanbul (Turkey). This provides fast and high-frequency links between the two economic areas with a competitive transit time of only 72 hours. With a... more
Top management changes at Leman
Thomas Krøyer is stepping down as CEO of the Nordic freight forwarder Leman Group after seven years of service, to pursue new endeavours. He helped restructure the company's management and accelerate its development in numerous areas. Chairman of the board Philippe Ziegler... more