ATSG: Joe Hete back in action 
The board of directors of Air Transport Services Group, a specialist for medium wide-body freighter aircraft leasing, air operations, and support services, has re-appointed Joe Hete, currently chairman of the board and a former longtime chief executive officer, as ATSG’s CEO,... more
Record highs for ICTSI earnings
International Container Terminal Services Inc (ICTSI) has reported a 4% increase in net income to USD 484.5 million for the first nine months of 2023, with ebitda and net income reaching record highs. The company saw a 7% growth in throughput and revenues. Despite the... more
A new head for logistics and distribution
Felipe Morgulis has been promoted to president of UPS Healthcare and Bomi Group's logistics and distribution business for Europe and Latin America (Latam). Morgulis will operate out of Italy as part of the UPS Healthcare leadership team. He will report directly to John Bolla,... more
Germany’s rail industry is growing - abroad
Deutsche Bahn generated record sales of EUR 7.8 billion in Germany in H1/2023, an increase of 15%. However, growth is taking place abroad, with exports accounting for around 40% of sales. The domestic market shrank by 8% to just under EUR 5 billion. Incoming orders in... more
Hactl: an early adopter of the SBTI scheme
The science-based targets initiative (SBTI) has confirmed that the targets of Hong Kong Air Cargo Terminals Limited (Hactl) comply with its criteria and recommendations, and that Hactl’s scope 1 and 2 target ambition is in line with a 1.5°C trajectory for limiting global... more
A step across the Baltic Sea for Hellmann
Hellmann Worldwide Logistics has taken a major step into the Baltic States by acquiring the remaining shares of its local partner companies. The acquisition will strengthen its market position in the region and in Northern and Eastern Europe. Hellmann has been present in the... more
Pay-per-use for electric lorries
Truck manufacturer Scania and digital freight forwarder Sennder have founded a JV in Berlin to accelerate the electrification and decarbonisation of the European road logistics sector. The two companies are introducing Juna, a pay-per-use model for e-trucks, which are two to... more
Appeal against Gateway Basel Nord approved
On 19 October 2023, Switzerland’s federal administrative court ruled in favour of an appeal by Swissterminal against the Swiss government's financial contribution with regard to the planned trimodal Gateway Basel Nord (GBN). The court ordered that the contested rulings must... more
FedEx launches new Vietnam service
FedEx Express, a subsidiary of FedEx Corp., is further enhancing its intercontinental services between Vietnam and Europe with the introduction of a new flight offering faster transit times. From 31 October 2023, the new flight will use a dedicated B767 freighter flying four... more
MLP's second logistics park near Berlin
MLP Group, a developer specialising in brownfield sites, is building a 4,600 sqm MLP Park Spreenhagen Berlin. It comprises 36,600 sqm of hall space as well as office and mezzanine space. Seven commercial tenants will be able to occupy individual units (from 3,500-30,000 sqm).... more