ESR sets up RBM 10 billion income fund 
ESR Group has established its largest-ever RMB income fund with one of China’s major insurance companies, launching with a total investment capacity of approximately RMB 10 billion. The fund will be seeded with a prime logistics portfolio of RMB 2.3 billion from ESR’s balance... more
Wilson Sons releases H1/2023 results
Brazil's Wilson Sons, a port and maritime logistics provider listed on B3's Novo Mercado, reported a 23% yoy rise in H1/2023 net income to BRL 197 million (USD 39.6 million). Q2/2023 net income surged by 583% to BRL 111 million (USD 22.3 million). H1/2023 net revenue grew 9% to... more
Transport sector demands priority for railfreight
The reopening of the Gotthard Base Tunnel (GBT) on a single track announced for today, Wednesday (23 August), will bring relief for freight traffic and is welcomed by the transport sector. Transport and logistic companies demand that emergency capacities be utilised as... more
Nigeria: breaking ground for air cargo facility
Kabir Yusuf Mohammed, managing director of Nigeria’s Federal Airports Authority, laid the foundation for the development of an aviation cargo village. The facility located on Ajao road, Ikeja on a 27,000 sqm plot of land would be a one stop shop for all cargo related air... more
Agri-food logistics versus climate
In the food and agricultural industry, supply chains are dependent on relatively stable weather and mild temperatures in most crucial agricultural production zones. As climate change continues to escalate, the industry faces challenges in maintaining its supply chains.... more
Rhenus Cuxport expands for auto market
Rhenus Cuxport, a port terminal operator, is extending its presence in the automotive logistics market by expanding into a 110, 000 sqm area in the hinterland of the Cuxhaven deep-sea port. The move anticipates Germany's shift from car exports to imports due to Asia's... more
Geodis strengthens intermodal network to China
The extended network to Shenzhen from Singapore will officially launch on 23 August 2023 and will subsequently be extended to Hong Kong (China), and soon to Indonesia, connected by an inter-modal road-sea service. The network features advanced IoT technology and equipment... more
Dachser: new managers for Northeastern USA
Dachser has appointed a new general manager for its branches in the Northeastern United States: Andreas Kayser, an experienced logistics manager, has been overseeing the company’s branches in New York, Boston and Baltimore since 1 August 2023. Additionally, Dachser has named... more
Milestone adds COO to executive team
Milestone Equipment Holdings has appointed Ralph Western as chief operating officer, effective immediately. He will be based in the St. Charles, MO corporate headquarters and report directly to Don Clayton, CEO. Prior to joining Milestone, Western had a 30-year track record... more
Doubling capacities in Ottawa
The airline Canadian North has unveiled plans to double the size of its cargo facility in Ottawa. This significant expansion is in direct response to the rapidly growing needs of remote and northern communities. Both Canadian North and the government of Canada are committing... more