Energy as a critical factor 
Pursuing a four-pronged strategy to transform energy use and to reduce emissions. CMA CGM is seeking to link the transition to new propulsion and fuel options with its decarbonisation strategy. Over the next five years the carrier is set to pour USD 1.5 billion into research... more
84 million tkm shifted from road to rail 
PSA Italy says that its Southern Express rail link between Basel (Switzerland) and Genoa (Italy) can reduce CO2 emissions by 83% and energy consumption by 49% compared to moving the cargo by road. This statement is based on the findings of a simulation tool developed by the... more
1.14 million sqm of warehouses change hands
Last mile operator Crossbay is outsourcing its warehouses. The portfolio comprises 128 logistics properties and six new sites under development. The buyer is Prologis, a global player in the logistics real estate industry. With the acquisition, Prologis will add a total of... more
Morten Svendsen to be COO at Sim Cargo
Morten Svendsen, qualified as an authorised representative, is joining the European general cargo network Sim Cargo as COO. His previous position was managing partner of Transland Spedition in Herborn (Germany). Svendsen succeeds Jens Bottenhorn, who will leave Sim Cargo as... more
Austria goes USA
It's long after Arnold Schwarzenegger's time. The Austrian company Berger Logistik is taking over the US freight forwarding company Super T Transport, headquartered in Idaho Falls, Idaho. The US player specialises in temperature-controlled transports. The parties have agreed... more
20th A330P2F completes conversion programme
The second A330-300P2F for MNG Airlines has been re-delivered by Elbe Flugzeugwerke (EFW) and is scheduled to begin commercial operations in the coming days. During the past seven months, the EFW team worked on converting the aircraft from a passenger-to-freighter (P2F)... more
Fresh cash for Xeneta
Xeneta, an ocean and air freight rate benchmarking platform headquartered in Oslo, has completed another investment round. USD 80 million were raised by Apax Digital, the growth equity arm of Apax, with participation from New York-based Lugard Road Capital. This investment... more
Duty-free rail corridor between Trieste and Fürnitz
In order to provide more options to shift freight transports to rail, ÖBB is planning to expand the logistics centre Austria Süd (LCA-Süd) in Fürnitz in Carinthia and establish a rail duty-free corridor between Trieste and Fürnitz. The facility can then be developed into an... more
End of a British airship dream - in France
Varialift Airships, a British company that settled in 2017 just 120 km southwest of Paris to develop and build large airships, is having to say goodbye to the French town without any tangible progress. Apparently, the contract for the use of a former industrial wasteland... more
XPO Logistics picks Jamie Harris
Jamie Harris has been appointed chief financial officer of RXO, the planned spin-off of XPO’s brokered transportation platform. He will join XPO as CFO of the North American transportation division, effective 26 September 2022, and will lead RXO’s finance operations when the... more