The mega trip reborn 
Chinese carrier Cosco Shipping has placed orders for seven new container vessels with a capacity of 23,000 teu each. The overall investment is estimated at USD 1.1 billion. Cosco's affiliate Orient Overseas International inked the respective agreements to build the ultra... more
ESR's latest facility investment
Hong Kong-based ESR Cayman, a major Apac-focused logistics real estate platform, has closed a new facility agreement. The investment amounts to about JPY 15 billion (USD 143 million) for a three-year unsecured term loan facility with an upsize option to JPY 20 billion in the... more
TIR carnet use in Mongolia triples
Growing numbers of Mongolian transport firms are taking advantage of the facilitation and security benefits of the TIR system. Compared to 2019, the number of TIR carnets issued by the national road transport association of Mongolia has almost tripled in 2020. China’s recent... more
Qatar Airways Cargo chooses two Champ solutions
Qatar Airways Cargo, the freight division of Qatar Airways, whose landing yesterday, 4 November 2020, inaugurated the Southern runway of the new Berlin airport, and Champ Cargosystems' "Traxon cargoHUB" community have signed a partnership agreement to enhance the... more
Logistics awarded for role during pandemic
The Logistics Hall of Fame (LHOF) is awarding an honorary award for the first time in its history: During the official gala reception in Berlin, the international Hall of Fame will be paying tribute to the #LogistikHilft initiative. The Hall’s 70-member international jury,... more
Börke leaves TX Logistik
TX Logistik has announced changes to its management board: Berit Börke resigned from her position when her three-years-contract expired on 31 October 2020. She will continue to serve the private rail transport company founded in 1999 as senior advisor. Until further notice,... more
Echo Logistics remains optimistic
Chicago (IL, USA)-headquartered Echo Global Logistics has reported its financial results for Q3/2020. Revenue rose by 23.2% to USD 691.5 million while net revenue increased by 3.6% to USD 100.4 million compared to Q3/2019. FTL volumes grew 13.6% from Q3/2019, and TL revenue... more
ABC diversifies with "Pegasus" passive solution
Air Bridge Cargo Airlines (ABC), part of Volga-Dnepr Group, expands its master lease agreement from last year with Sonoco Thermosafe to enable its customers worldwide to transport life-saving and healthcare products within Pegasus ULD passive containers. The US logistics... more
More efficient fleet management
RIO, which is owned by Traton Group, has made a new addition to its portfolio: the fleet.tech tracking solution from LOSTnFOUND came online on RIO Marketplace a few days ago. The electronic platform can be used for every brand of truck and other assets without retrofitting... more
Baltic service to UK launched
Northern England's Teesport has recently handled the “Balt VI”, a first vessel of the new cargo service operated by Containerships, an affiliate of CMA CGM, from the Baltics. The service from Klaipeda was launched in October and provides additional capacity for shippers... more