Another billion USD for the Suez Canal 
The Suez Canal Authority (SCA) has scheduled investments of just over USD 1 billion for the coming financial year 2021. Among other projects, the assigned investments will be used for the completion of four tunnels underneath the Suez Canal – two in the proximity of Port... more
Expanding another air charter network
Only two months after the latest expansion of routes and extra capacity, DSV now adds an additional two B747 freighters to its Europe-Asia cargo air bridge. From this month, one of the freighters will be operating on the existing route between Shanghai and Luxembourg –... more
Fruitier follows Le Guilloux
After the withdrawal of Thierry Le Guilloux, Thibault Fruitier, CEO of the French intermodal services providers Novatrans and Greenmodal, has been elected by the steering committee of the Groupement National des Transports Combinés (national association of intermodal transport,... more
Singapore engages in Australian logistics
GIC, Singapore’s sovereign wealth fund, increased its stake in ESR Australia Logistics Partnership (EALP) to 80%. ESR Australia will continue to hold a 20% interest in the partnership. The selldown of EALP's remaining 35% is in line with the strategy outlined at the time EALP... more
Lithuanian and Polish carrier to found a JV
The Lithuanian railways LTG Carbo and Polish carrier PKP Cargo have signed an agreement on the establishment of a JV to provide intermodal freight services. The new company is scheduled to launch its operations in Q1/2021. The JV will primarily engage in intermodal... more
Hapag-Lloyd's hybrid prototype is on
The conversion of the 15,000 teu Hapag-Lloyd ship “Sajir” is currently underway in the Huarun Dadong dockyard in Shanghai. The major part, a LNG tank weighing 1,300 t, was recently hoisted into the ship and will be welded to the hold in the weeks ahead. At the same time, the... more
Swiss rail sector retains diversity
The Swiss federal council has decided to maintain the existing organisation of the railway infrastructure, which will thus be operated by several companies as hitherto. The concessions for the two largest infrastructure operators SBB and BLS will be renewed. Wherever it... more
UPS to upgrade MCI capacities
The UPS air gateway at Kansas City International Airport (MCI) is expanding the ramp from two aircraft parking spots to five. The new ramp will be 49,600 sqm, more than nine football fields in size. Construction is planned to begin late this month with completion in the fall of... more
"Curiosity of the Day" 
Five countries celebrate their national day today, 1 October – China, Nigeria, Palau, Tuvalu and Cyprus. Only 15 September can equal this number – Costa Rica, Nicaragua, Honduras, Guatemala and El Salvador celebrate their national days then. more
New ICTS Group country manager for Belgium
From today, 1 October 2020, Peter Andries (left) joins the ICTS Group as country manager for Belgium. After obtaining his degree in applied sciences in Leuven, Andries gained extensive leasing experience at De Lage Landen (Rabo Bank) and financial knowledge at GE Capital... more