DP World reports 2023 financials 
DP World has announced its financial results for 2023, which show a 6.6% revenue growth to USD 18,250 million and a 1.9% uptick in adjusted ebitda to USD 5,108 million. The company's profit for the year decreased by 17.7% to USD 1,514 million due to higher finance costs. Cash... more
Transitions at World Group
World Group, a global logistics and supply chain provider, has appointed Joey Palmer and Duncan Wright as co-CEOs. In addition, Fred Hunger has moved from his role as CEO to executive chairman, while Palmer and Wright will continue to serve as presidents of World Group’s... more
A carbon-friendly container?
Ensuring sustainability in logistics equipment: Chep Europe has launched a new collapsible container made from 97% post-consumer plastic. The product, dubbed Zirconic, is made for the packaging, e-commerce, and co-packing sectors. With a capacity of 708 litres and 750 kg, it... more
Air instead of sea freight
Neo Air Charter operated 60 widebody freighter charters in the first two months of 2024, to circumvent e-commerce supply chain problems caused by the Red Sea attacks on shipping, which have effectively closed the Suez Canal route. The 60 B747F and B777F charter flights... more
More capacity for Luxembourg carrier
The first CFL Cargo locomotives equipped with a “multi-system” feature have been approved for service in Europe, circulating between Germany-Luxembourg-Poland. Bombardier’s new Traxx MS3 will run on both the North-South and the West-East axis, from Poznan (Poland) to Bettembourg... more
Testing eco-friendly sails
Smart Green Shipping has initiated on-land testing of Fast Rig, a wing sail designed to cut shipping emissions by up to 30%. Developed collaboratively and financially supported by MOL Dry Bulk, the economic development agency Scottish Enterprise, and private investors, Fast Rig... more
Supply chain experts to support scale-up
Logward, a technology company specialising in logistics and supply chain management, is bolstering its management team as it transitions from start-up to scale-up. Logward supports companies with its no-code platform to orchestrate their supply chains in real time and thus... more
Manoeuvring a mobile heart clinic
DHL is working with a German NGO to transport a mobile heart clinic for infants to various destinations globally, the first one being El Salvador. Kinderherzen, the German organisation behind the mobile heart clinic, is seeking to establish medical support for infants... more
Digitalisation to boost volumes
The IDS groupage network saw its shipment volumes decrease by 5.6% overall in 2023, with its partner companies moving a total of 3.2 million t of goods in Germany - almost 7.2% less than in 2022. Demand was particularly weak in the housing and mechanical engineering sectors and... more
Partners add final-mile delivery for airfreight
Two British companies that already work together in sea freight container transport are now to collaborate on final-mile delivery for airfreight. The Freshlinc cold chain storage facility in Spalding will double up to serve as a control point for customs checks and clearances... more