ONE now holds 28.7% of Poseidon 
Poseidon Acquisition Corp., an entity formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of the board of Atlas, and Ocean Network Express (ONE) and certain of their respective affiliates, has... more
ABC about to return?
Izvestia has learned that Russia's largest cargo airline, which ceased all its operations March 2022, is soon to be reactivated. According to two sources of the Russian daily, Air Bridge Cargo Airlines (ABC) will begin regular flights on the Moscow-Beijing route from June 2023.... more
Thanks to Schenker, DB is back in profit
The Deutsche Bahn Group (DB) is back in the black. Despite the burdens on the rail business caused by the pandemic, the war in Ukraine and the sharp rise in inflation, the company closed 2022 with a significant operating profit. The operating result (ebit adjusted) improved by... more
ATI: solid results for 2022
Asian Terminal Inc. (ATI) posted solid results for 2022 in terms of revenues, handling of teu and the transit of passengers in the international container ports of Manila and Batangas, in comparison to 2021. Revenues increased by 19.2% (PHP 13.62 billion) and 12.7% for... more
Airbus FAL Tianjin delivers first A321neo
Airbus has delivered the first A321neo aircraft assembled at its Final Assembly Line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF engines and features 207 comfortable seats, eight in business and 199 in economy... more
Raja picks Catherine Cambier
Catherine Cambier is joining the Raja Group’s executive committee as managing director, Raja packaging and industrial equipment. Her mission will be to develop this segment’s distribution activities in Europe. Cambier’s appointment brings to four the number of women among... more
Powerful addition to the fleet
Dutch haulage company Luijendijk & van der Wal has invested in a new Mercedes-Benz Actros 4163 LS 8x4 SLT for challenging heavy-duty tasks. The 630 hp truck features a spacious Bigspace cab and Mirrorcam. The special coupling and a permissible gross combination mass of... more
EV Cargo boosts Chinese network
EV Cargo has expanded its air and sea freight office network in China with the recent opening of new branches in Shanghai, Ningbo and Qingdao, adding to its existing footprint in Shenzhen and Hong Kong. The development sees EV Cargo extend its global network of owned offices and... more
Wiremind: a year full of accomplishments
In February 2022, Wiremind announced the launch of a dedicated cargo vertical focused on providing innovative revenue optimisation and inventory solutions for the freight and logistics industry. Since then, the cargo unit has experienced substantial growth and currently employs... more
A long-term agreement at Port of Gulfport
Under a twenty-year term agreement with the Mississippi State Port Authority which came into effect on 23 March 2023, Ports America will invest USD 43 million to develop the vacant Terminal 4 at the Port of Gulfport (Mississippi) into a cargo-handling terminal. This will not... more