Operail: losses despite savings 
To turn profitable, the Estonian railway wants to extend its business into foreign markets and increase the revenue base by investing the proceeds from the sale of assets into its expansion strategy. Further cost reductions would jeopardise rail freight capacity in Estonia,... more
GXO to build a German supplements' hub
The Quality Group, which specialises in food supplements, has selected GXO Logistics to take over the construction of a new facility in Dormagen to support the company’s expansion in the German market. Heiko Oberländer, managing director Germany: "We look forward to... more
MOL inks long-term charter with Jera
The Japanese company Mitsui O.S.K. Lines (MOL) has signed a long-term charter deal for a newbuilding LNG carrier with a vessel operation management company funded by Jera. This marks the sixth contract with Jera for LNG carrier. The vessel will be built at the Geoje Shipyard of... more
Etihad partners with WFS for Copenhagen launch
Etihad Airways, UAE’s national airline, has appointed Worldwide Flight Services (WFS), a member of the Sats Group, as its cargo handling partner in Copenhagen for the launch of its first-ever flights connecting Abu Dhabi and Denmark. WFS handles up to 5,000 t of cargo a year... more
60th anniversary for Air Cargo Club Deutschland
Air cargo has always played a major role in Germany’s export industry. The Air Cargo Club Deutschland (ACD) has therefore been representing and promoting this sector for 60 years. The approximately 250 members are all high-ranking executives of air cargo companies with... more
Greece goes paperless
The Greek government has joined the e-CMR Protocol and become the 35th country to accede to the digital version of the United Nations Convention for the Carriage of Goods (CMR). The e-CMR standard will enable the Greek logistics sector to offer more efficient services to its... more
Global shipping overcapacity: balanced by 2028?
According to Sea-Intelligence, the container shipping market is grappling with overcapacity, with 2023 and 2024 expected to see significant excess. Optimistic scenarios suggest potential rebalancing by 2028, but uncertainties around factors like demand, supply and structural... more
AI and the future of supply chains
The CTO of Raft, an intelligent logistics platform, shared his thoughts on AI in logistics at last month’s Wesccon, a gathering of freight forwarders, NVOCC's and customs brokers organised by the Pacific Coast Council. In his speech, Nisarg Mehta described the use of AI as an... more
Changing of the guard at Time Matters
Bernhard zur Strassen took over as new managing director and CEO of Time Matters on 1 November 2023. He succeeds Alexander Kohnen, who left the company at his own request in April 2023. Zur Strassen was most recently chief revenue officer at the software company Shipsta. Zur... more