BAI: air freight volatility remains rife 
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
Grimaldi launches Palermo–Cagliari link
The Naples-based Grimaldi Group has kicked off 2021 by expanding its services to and from Sicily. Its existing thrice-weekly Salerno–Cagliari connection between the Italian mainland and Sardinia will also call at the Sicilian port of Palermo on a weekly basis from 15 January.... more
Rail company expands in Utah
Patriot Rail has finalised the acquisition of short line operator Salt Lake Garfield & Western Railway (SLGW) in Utah, USA, and its related entities Caballero and Caballero, storage and transload service providers. SLGW currently handles more than 6,000 loaded railcars... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
Covid-19 crisis makes Liège a millionaire
Specialisation in goods transport has moved Liège airport (LGG) up to the top of the table as an essential link in the fight against the pandemic. The Belgian airport saw a 24% increase in the tonnage passing through the airport compared to 2019, going from 902,480 to... more
US transport minister resigns
After the events of last Wednesday in Washington DC, US Secretary of Transportation, Elaine Chao, has written the following letter. "Dear Department of Transportation colleagues Yesterday, our country experienced a traumatic and entirely avoidable event as supporters of... more
LHG's results on track
The volume of goods handled by the Lübecker Hafen-Gesellschaft (LHG) in 2020 stood at 21.8 million t, a mere 2% lower, year-on-year. Increases in the last four months of the year helped keep the decline moderate. The port operator’s automobile activities grew by 20%... more
GLP investing in Venlo
GLP has acquired a 44,000 sqm logistics asset in Venlo (Netherlands), situated close to the German border. The fully-leased facility is located in ‘Trade Port Nord’, within easy distance of the three ports of Rotterdam, Antwerp and Amsterdam. The company said that this... more
1,000 charter flights since March 2020
IAG Cargo ended 2020 with the departure of its 1,000th charter flight since March that year. The new service was introduced during the Covid-19 pandemic and utilises aircraft from the group that would, in normal times, not be available. This offering continues to be managed by a... more
Solar energy is cool
Protecting the environment has long been an important issue for Swiss provider Rhyner Logistik. It therefore takes great care to deploy eco-friendly utility vehicles in its transport services. The cooling units used on Rhyner trucks are powered via an auxiliary drive by... more