Raben snaps up majority shareholding in Sittam
Netherlands-based Raben Group is increasing its stake in Sittam from 20% to 51% in July 2019. Through the share purchase the Dutch company will become the Italy-based forwarder general cargo transport provider’s majority shareholder. The Bertola family, Sittam’s majority... more
Result significantly up in the first quarter
The German shipping line Hapag-Lloyd closed Q1/2019 with a significantly higher operating profit, as earnings before interest and taxes (ebit) increased to EUR 214 million (compared to EUR 51 million in Q1/2018). The group’s net result increased to EUR 96 million (EUR -34... more
China Airlines to introduce new freighter model
China Airlines (Taiwan) and Boeing (USA) have signed a memorandum of understanding for three firm and three option aircraft orders for B777 freighters. Before 2016, China Airlines introduced a total of ten B777-300ER passenger aircraft. A current B777-300ER pilot could... more
Paycargo picks Lionel van der Walt as CEO USA
Paycargo, which operates a patented online payment system in the global freight industry providing overnight settlement of invoices between shippers and carriers, has appointed Lionel van der Walt, a veteran of the air cargo industry with more than 20 years of international... more
Platooning works better than expected
Operating electronically linked trucks on German motorways is safe, technically reliable and can be easily integrated into the routine of a logistics company. These are the key results of the world's first field test with truck platoons in real-life logistics operations. As... more
“Curiosity of the Day”
The American actress Jodie Foster speaks French so well that she dubs her own films for French audiences. more
Open: Norway’s first low-carbon distribution terminal
DB Schenker has opened its new Oslo City hub, the first low-carbon city distribution centre in Oslo. The centrally-located terminal will reduce CO2 emissions of city goods distribution by 80%, through the use of electric cars and e-bikes. Jochen Thewes, CEO of DB Schenker:... more
New cargo route between Bosporus and Portugal
As one of the fastest growing global air cargo carriers, Turkish Cargo has added Porto (OPO), Portugal’s second largest city and a key industrial hub, to its wide direct cargo flight network. With a metropolitan population of 1.8 million inhabitants, Porto is not only one of... more
New bimodal service between Germany and Romania
Arcese has expanded its intermodal service between Germany and Romania, in order to provide more efficient connections between the industrial areas in the Ruhr Basin, Benelux, the UK and Scandinavia and such sites in Romania. The new road-rail service includes five... more
B767 operations keep ATSG flying high
Air Transport Services Group announced three-year extensions of agreements under which subsidiaries of ATSG will continue to lease fourteen B767F to DHL and operate eight of those aircraft within DHL’s North American network. ATSG President and CEO Joe Hete: "We are... more