OOCL confirms trends on liftings and revenues 
In container shipping, the gap between volumes and revenues keeps widening. Q3/2023 results of the carrier OOCL, an affiliate of Cosco Shipping, confirmed this trend. Over the third quarter ending on 30 September 2023, the carrier's total revenues decreased by 65.1% to USD... more
Aeronet finds seasoned executive for new station
Aeronet Worldwide has hired Matthew Savage as the first general manager for its brand-new Savannah, Georgia station. The nearly 16,725 sqm facility opened last month. Savage comes to Aeronet with a wealth of experience, industry knowledge, and education. Most recently, he... more
Bundling networks, a win-win situation
The general groupage network Sim Cargo and the European truckload association Elvis have formed a strategic partnership to expand their service portfolio, effective 1 January 2024. Both partners hope to profit in equal measure from the cooperation, since Elvis will be able... more
Fedex Express: another new facility in Ireland
Eight months after opening a new handling facility in Cork (photo), Fedex Express Europe has announced plans to build a new logistics facility in Dublin. Construction is scheduled to commence next January, and the facility is anticipated to become operational in early 2025.... more
Flying Basket presents new cargo drone
Flying Basket, a major player in Europe's drone industry, has launched FB3, a pioneering heavy cargo drone now available for commercial use with 100 km payload capacity. Since its establishment in 2015, Flying Basket has been closely collaborating with national and European... more
DHL acquires Turkish logistics provider
DHL Group has completed the acquisition of Turkish parcel services provider MNG Kargo. "MNG Kargo's expertise in parcel courier services, combined with its extensive domestic network, will help us expand our service offering in Turkey and further enhance our already strong... more
ICS on how to measure emissions
The International Chamber of Shipping (ICS), the global association of shipowners that represents more than 80% of the world's merchant fleet, presented the data collection system of the Carbon Intensity Indicator (CII) of the International Maritime Organisation (IMO) in London... more
A new member in Togo
The Universal Freight Organisation (UFO) has welcomed Togo-based United Wonder Marine as a new member. With headquarters in Lomé, the company specialises in maritime logistics, shipping agency and freight forwarding. Simon-Pierre Azomedon (commercial & operations... more
Finance secured for further growth
Wascosa Group Holding has successfully increased its funding for upcoming investments. Specifically, it has closed the raise of its existing capex facility by EUR 90 million, establishing a solid long-term basis for further investments in railfreight wagons. Furthermore,... more
Partners for 25 years
The relationship between Allied Air Cargo and the Network Aviation Group reaches 25 years this year, with both carriers continuing to work together, providing air freight services to Nigeria and throughout Africa. Allied Air Cargo has become the longest serving African... more