UK fund manager acquires ASL Aviation 
Star Capital Partnership has reached agreement with ASL Holding's shareholders, Compagnie Maritime Belge (51%) and 3P Air Freighters (49%), to acquire a 100% stake in ASL Aviation Holdings. The latter acquired the airline operations of TNT Express in 2016. The financial terms of... more
Modest growth at Rotterdam
At 469 million t, the port of Rotterdam’s total throughput in 2018 was only slightly higher than in 2017 (467.4 million t). Container transhipment, with a 4.5% increase in tonnage, drove the growth. The surge, measured in teu was higher, at 5.7%, and the annual total amounted to... more
More contracts collared, but turnover shrinks
Green Cargo, a state-owned railfreight enterprise in Sweden, has posted its 2018 annual results. They were impacted by decreasing transport volumes, rising fixed costs and extreme weather conditions. The 2018 turnover sank by 4% to SEK 4.21 billion (EUR 402 million). The... more
Globaltruck Management augments fleet
Globaltruck Management, one of the largest FTL trucking companies in Russia, has tabled its operating results for full year 2018. As of 31 December 2018, the group’s truck fleet in operation totalled 1,363 vehicles, 223 trucks or 19.6% more units compared to 31 December... more
Pamyra collaborating with Fresh Logistics System
Pamyra.de, a Germany-based transport comparison platform, has entered into a partnership with the logistics service provider Fresh Logistics System (FLS). The aim is to stop empty truck runs from Hamburg to Berlin in future. FLS lorries haul vegetables, fruit and plants... more
Eurogate Group on a stable path
The Eurogate Group registered a stable 2018 financial year. Some 14.1 million teu were lifted at the group’s twelve locations in and around Europe, and the intermodal container transport volume rose 2.8% to around 1.05 million teu. Eurogate’s five terminals in Germany... more
Roll-out of direct Belgium to Italy rail link
H.Essers and the private railway company Lineas Intermodal have launched a direct freight train service between Genk (Belgium) to Trieste (Italy). Currently running twice per week, the offer will be stepped up to thrice weekly at a later date. Thanks to this new link,... more
Saudia Cargo contributes to air-sea-air cargo corridor
Saudia Cargo CEO, Omar Hariri (left), and the King Abdullah Economic Port CEO, Rayan Qutub, have signed a joint agreement at King Abdullah Economic City, 90 km north of Jeddah, to enhance collaboration opportunities and establish a secure logistical operations zone. The pact,... more
Cosco and Bolloré ink MoU
Cosco Shipping Lines and Bolloré Transport & Logistics have signed a strategic memorandum of understanding (MoU) in Shanghai. The two companies, partners for over 20 years, want to strengthen their commercial relations while exploring new opportunities for cooperation in... more
“Curiosity of the Day” 
The most popular colour for a national flag is red, followed by white, while blue features in about half of all the countries’ flags. more