Five years after MH370 went missing
On 8 March 2014, Malaysian Airlines flight 370 from Kuala Lumpur to Beijing was lost - literally. Disappearing from the radar 40 minutes after take-off, the transponder of the B777 with 239 people on board also ceased functioning, so that air traffic control could not track the... more
Hugo Trumpy new agent of major player in Italy
Zeamarine selected Hugo Trumpy as exclusive commercial and port agent for Italy, with effect from 1 March 2019. The only exception is Zeamarine's round the world (RTW) service. They will be managed by Trumpy from 1 June 2019. The Zeaborn group established Zeamarine in... more
New No. 1 for Post & Paket Deutschland
Tobias Meyer will become a member of Deutsche Post’s board of management on 1 April 2019. He was appointed by the supervisory board of the German mail service provider. Meyer was most recently COO of the Post & Paket Deutschland division. The experienced manager will... more
“Curiosity of the Day”
On 18 April 1930, the news reader on BBC radio simply said “There is no news." The announcement was followed by piano music. more
Swiss Post suffering
2018 was full of woes for Swiss Post. The service provider was forced to repay more than CHF 200 million to the confederation and cantons for unlawfully subsidised public bus services. In addition, the Postfinance (bank) ebit shrank by more than 50%. The 2018 group revenue... more
Cats ‘n’ dogs reign in Spain
From its multi-client centre in Guadalajara XPO Logistics manages all of the logistics needs in Spain and Portugal of Zooplus, an online German pet supplies retailer. The Munich-based company is growing rapidly on the Iberian Peninsula. more
Last of twelve new locomotives handed over
Czech Railways has received the last of the twelve EffiShunter 300 locomotives ordered from the Czech manufacturer CZ Loko. The railway is using the new units for shunting at stations and depots throughout Czechia. Czech Railways purchased the EffiShunters as a substitute... more
ATSG flying high with Amazon
Air Transport Services Group (ATSG), a US provider of wide-body aircraft leasing, air cargo transportation and related services, posted adjusted ebitda of USD 312.1 million in 2018, a 16% increase vis-à-vis 2017. 2018 was the company’s second straight year of double-digit... more
Goddess Hammonia hears call of Scandinavian princes
The Scandinavian investors Ness Risan and Partners (Norway), and the former owners of the Containerships Group (Finland), have taken acquired all the shares of the Hammonia shipping company. The Ernst Russ Group and the company, Peter Döhle Schiffahrts KG, have sold their... more
Kögel creates and fills new position
Sebastian Volbert was recently recruited as head of financial services by the German trailer maker Kögel. The company created the new position in order to strengthen its market position and promote internationalisation. Kögel will focus on an entirely new financing, leasing... more