Aramex invests USD 265 million 
CEP provider Aramex has entered into a binding agreement to acquire Access USA Shipping, better known as "MyUS", a USA-headquartered digital platform enabling cross-border e-commerce. The purchase price is USD 265 million. The takeover is still subject to customary... more
A single parcel not worth USD 22.59 million
Over 90% of all US Customs and Border Protection (CBP) counterfeit seizures occur in the international mail and express consignment environments, and last Thursday, 2 June 2022, was no exception. CBP officers in Louisville seized 584 counterfeit designer watches that arrived in... more
Cargobeamer chooses Alexander Kornblum
Cargobeamer has appointed Alexander Kornblum as new managing director of Cargobeamer intermodal operations. The German logistics services provider facilitates rail transport for non-craneable semi-trailers. Kornblum will oversee sales, demand planning, pricing, customer... more
UK’s first e-tipper truck in operation
Transition from diesel to battery electric heavy trucks: Fox Group has become the first business in UK to introduce electric tipper trucks into its fleet. The family-owned company has purchased two new Volvo FE electric tippers. The pair will operate from the company’s depot on... more
Revised Caribbean-Mediterranean connections
The French carrier CMA CGM is reshuffling its weekly service between the Mediterranean, the Caribbean and the West Coast of Latin America. There will be new calls at the ports of Buenaventura, Paita, Posorja and Guayaquil. The rotation will be updated as follows: Algeciras -... more
K+N Russia goes to Perry Neumann
It is a special kind of MBO. On 3 June 2022, the Switzerland-based logistics group Kuehne + Nagel signed an agreement to sell its business in the Russian Federation to its local managing director Perry Neumann. Since March 2022, the company had temporarily suspended all... more
First of four Boeing 747-8 freighters for Atlas Air
Atlas Air, a subsidiary of Atlas Air Worldwide Holdings, has taken delivery of a Boeing 747-8 freighter, which will operate on behalf of its customer Cainiao, the logistics arm of Alibaba Group, as part of a previously announced long-term agreement. The aircraft will increase... more
Felbermayr to support Netzwerk Metall partnership
Felbermayr Transport- und Hebetechnik joined the Netzwerk Metall partnership as a supporter on 1 May 2022. “Founded almost twenty years ago, Netzwerk Metall now comprises 65 member companies from the Austrian steel, glass and metal construction industry,” said managing director... more
More telematics technology for railfreight
Union Pacific Railroad (UP) has joined the Rail Pulse coalition and its effort to develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s railfreight industry. The US class I railroad is Rail Pulse’s seventh member after GATX, G &... more