Fund manager invests in logistics real estate 
As planned, fund management company Helvetica Property Investors was able to transfer a special logistics property purchased in November 2019 to the Helvetica Swiss Opportunity Fund (HSO Fund). The property, which was newly built by the company's subsidiary Methabau in... more
Austrian fibres en route to China by train
Due to the high demand from Chinese brands and retailers for sustainably produced fibres, Lenzing is now shipping the fibres from its two Austrian production sites directly to customers in China by train for the first time. Operated by Nummer Logistics, the train was... more
Saudia Cargo returns to Shanghai in force
Saudia Cargo has expanded its cargo network with the addition of Shanghai's airport to its flight schedules which commenced on 15 August 2020. The carrier now operates two flights a week, originating from Riyadh and Jeddah using a B777F which has a 95-t capacity. Saudia's... more
ZIM passes threshold
The shipping group ZIM has published its consolidated results for H1/2020. Volumes carried by ZIM went down by 8.4% to 1.3 million teu compared to 1.4 million teu in H1/2019. Yet, the average freight rate per teu over the period was at USD 1,081 compared to USD 1,005 in the... more
Indian Railways introduces drone-based surveillance
Drone surveillance technology has emerged as an important and cost effective tool for security surveillance over large areas with limited manpower, the Indian government said. The Mumbai division of Central Railway in Indian Railways has therefore procured two Ninja UAVs for... more
Stacey J. Brown joins DB Schenker Americas
DB Schenker has appointed Stacey J. Brown as chief human resources officer for the Americas. In her new role, she is responsible for developing and executing the strategic direction of human resources across the region. Brown joins DB Schenker with more than 20 years of... more
NFI acquires CAI Logistics
NFI, a supply chain solutions provider, has completed the acquisition of CAI Logistics, the non-asset logistics division of CAI International that generates more than USD 100 million in annual revenue. By acquiring CAI Logistics, NFI expands its suite of supply chain... more
US railway honours safety performance
BNSF recently honoured 106 customers with the railroad’s annual product stewardship award for the safe transportation of hazardous materials by rail during 2019. Companies receiving the award carried an established minimum of loaded tank cars of hazardous materials with zero... more
Astre launches new wines and spirits service
Wine sales in Europe generate revenues of about EUR 70 billion. Accelerated by the online trade, the share of bottled wines is increasing compared to wine sold in barrels. The European logistics network Astre is now launching a "wine & spirit" service to meet these... more
Swissterminal targets Comco
Swissterminal AG, a logistics service provider headquartered in Frenkendorf close to Basel, is bringing a formal complaint before the Swiss federal administrative court with regards to the planned trimodal terminal Gateway Basel Nord (GBN). In particular, Swissterminal accuses... more