Hyperloop project Zeleros raises EUR 7 million 
Zeleros Hyperloop has completed a financing round worth more than EUR 7 million. The company starts a new and important phase in the development of its version of hyperloop, the “fifth mode of transport” and an alternative for the future to provide efficient and sustainable... more
Astre forges ahead on Iberian Peninsula
Astre’s Spanish branch continues broaden its footprint on the Iberian Peninsula: the European network has incorporated the Spanish freight forwarder Transnaba Orihuela from Alicante into the group. Founded in 1960, this family-run company specialises in food, parcel and... more
Linking the Emirates, the Gulf and India
Abu Dhabi Ports is launching a joint service with its recently formed feeder services company Safeen feeders. The newly introduced feeder service will be linking Abu Dhabi to ports serving the UAE, the broader Gulf region and the Indian Sub-Continent. It will be run in... more
Paycargo signs with another supply chain partner
Paycargo and IBS Software have concluded a joint partnership that enables rich API-based integration between their industry platforms. The integration of Paycargo's digital payments network with the "iCargo" air cargo management platform aims to help more carriers and... more
New facility for automotive logistics
After almost a year of construction, Garbe Industrial Real Estate has completed an automotive logistics centre in Flechtorf to the south of Wolfsburg in Lower Saxony (Germany) for engineering services provider Bertrandt. The property with a 30,000 sqm hall area was officially... more
Transport market for fashion industry bounces back
Light at the end of the tunnel: the transport market for the fashion industry is beginning to recover. "Customers are reporting improvements in all modes of transport, and data from our SCM software OSCA confirms this," said Setlog. The German software company... more
Is Murmansk cut off?
On 1 June, the bridge of the Murman railway over the Kola River between the rail stations Vykhodnaya and Kola collapsed under the massive weight of rising melt water levels. Two days before, the heavy pressure of the water had damaged one the bridge pillars, causing the tracks... more
HL grants Schlotfeldt more time
The supervisory board of the Hamburg (Germany)-based carrier Hapag-Lloyd has extended the contract of Joachim Schlotfeldt, its chief personnel and global procurement officer (CPO), by two years, until 31 March 2023. Michael Behrendt, chairman of the supervisory board, said:... more
Sale of Sheppard to Bendix concluded
In the USA, ZF Friedrichshafen has concluded the sale of Sheppard to Bendix for the price of USD 149.5 million. Sheppard is a major provider of steering technology for commercial vehicles. Bendix is an indirect subsidiary of Knorr-Bremse, which produces braking systems for rail... more
Mriya flies millions of masks from China to Canada
The new Canadian office of Intradco Global, a Chapman Freeborn company and a family member of Avia Solutions Group, in collaboration with GTA GSM, has completed a significant charter operation, transporting 13,000 cartons (totalling nearly 1,000 cbm) of medical supplies and PPE... more