Austrian carrier expands railfreight services to China 
The Rail Cargo Group (RCG), the railfreight arm of the Austrian ÖBB, is augmenting its rail transport offer to and from China as part of its TransFer service. The first of these new trains started in Jinan in eastern China and arrived in Budapest in Hungary on Monday (27... more
Global idle fleet crosses threshold of 3 million teu
The pandemic forces all carriers to idle segments of their operated tonnage, now amounting to 3 million teu, according to the latest figures of Alphaliner. The maritime intelligence provider said that this number surpasses the previous peak mark of 2.46 million teu reported at... more
Higher revenue despite corona pandemic
Notwithstanding the corona pandemic and the costs of the company's restructuring programme, the Swedish rail carrier Green Cargo was able to raise the operating result in Q1/2020 by SEK 14 million (EUR 1.3 million) to SEK -70 million (EUR -6.4 million) compared to the same... more
Sebastian Mikosz to join Iata
Sebastian Mikosz will join the international air transport association (Iata) as senior vice president for member and external relations, effective 1 June 2020. Most recently, Mikosz was group managing director and CEO of Kenya Airways (2017-2019), during which time he served on... more
Tiaca: "Africa must act - now!"
The international air cargo association has raised its concern on the air cargo sector in Africa, which has experienced a drop in capacity to Europe by 70% compared to 2019 according to Clive Data Services. Sanjeev Gadhia, Tiaca vice chairman and CEO of the Kenyan cargo... more
Successor appointed to lead DB Cargo UK
DB Cargo UK’s current CFO Andrea Rossi will become the company’s new CEO from 1 September 2020. DB Cargo AG, the railfreight company’s European parent company, announced its decision after concluding a lengthy process to appoint a successor to the current CEO Hans-Georg Werner,... more
Beneficiaries of the crisis?
The French association of overseas companies, Fedom (Fédération des Entreprises des Outre-Mer), is concerned about capacity bottlenecks between mainland France and the territories overseas. In a letter that was sent to the relevant members of the government at the end of... more
Port of Switzerland's versatile Q1/2020
The Swiss Rhine ports posted a turnover of 1.2 million t in the first three months of this year, more than 20% lower than in the first quarter of 2019. Q1/2019 was particularly successful, owing to catch-up effects after a period of low water levels. Although the... more
More green trucks for Globaltruck
In 2019, Russian FTL-trucking company Globaltruck’s revenue grew by 16.4% to RUB 9.5 billion (EUR 0.117 billion) compared to 2018. The group's net income in 2019 made up RUB 260.4 million (EUR 3.2 million), which is 60.4% less than 2018. Adjusted ebitda decreased by 5.1% to RUB... more
Paycargo offers transactions in CAD
Paycargo has launched a dedicated CAD online freight payment platform in Canada. Payers now have the flexibility to pay in either Canadian or US dollars for the first time. The Canada launch, part of ongoing growth and development plans by the Fintech company, was fast-tracked... more