Aramex appoints acting COO 
Aramex has appointed Othman Aljeda as the company’s acting COO, replacing Iyad Kamal, who will be leaving Aramex after a long and fruitful 29 years of service. Aljeda currently serves as the regional CEO for Aramex in Europe, North America and Asia. He joined the company in... more
Higher capacity and lower flying level
EFW delivered another A330-300P2F last week. This airplane is special - not only because it is a "triple 7" Airbus aircraft (serial number MSN777) but also because it will be the first high gross weight (HGW) converted A330-300 with a gross payload of more than 62 t on... more
Beacon closes USD 15 million fundraising round
London (UK)-based Beacon, a next generation freight forwarding and supply chain finance company, has raised over USD 15 million in its series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and the American venture capital firm 8VC.... more
Boosting digitalisation with own IT firm
Russian FTL-trucking company Globaltruck has created an IT company within the group. “Global Truck Information Technology” is designed to enhance the digitalisation of business processes and accelerate the implementation of the group’s plans to develop new services and build... more
Gefco restructures air & sea business
Gefco’s air & sea business has announced a new leadership and a reorganisation in three key sectors: industry, automotive and life science/healthcare. Since February, executive vice president Paul-Henri Fréret has been leading Gefco’s air & sea division. In May,... more
Space for more influx to the Port of Hamburg
The controversial deepening of the Elbe, key to paving the way for the mega vessels' way to the Port of Hamburg, has cleared the last legal hurdle in Germany. The federal administrative court in Leipzig rejected the lawsuit lodged by environmentalists against the supplemented... more
Vietnam sends PPE to the USA
Fedex is helping the Vietnam Red Cross Society transport thousands of donated medical masks to the American Red Cross in the United States. The donation was mobilised to help communities in the USA cope with the Covid-19 pandemic. Vietnam Red Cross Society Nguyen Thi Xuan... more
Wabco is now part of ZF
Now that all official approvals have been granted, ZF Friedrichshafen has completed the acquisition of Wabco, a supplier of commercial vehicles. Wabco's shares, which were before listed on the New York stock exchange, were withdrawn from the stock exchange market with immediate... more
"Curiosity of the Day" 
Alaska is known for fishing, mining and oil, but its latest industry is peonies. Peony farms blossomed from zero in 2000 to more than 200 in 2014. more
Merchant fleet officer shortage imminent?
The already existing shortage of officers to crew the global merchant fleet is getting worse. According to the latest manning annual review and forecast report published by the London (UK)-based shipping consultancy Drewry, the reduced attractiveness of a career at sea and... more