Big investment for Panama 
It's a big deal: Notarc Management Group (NMG), a Latin American-focused private investment and asset management firm, which launched its Panama Development Fund (PDF) last year, is going to acquire and accomplish the Panama Canal Container Port (PCCP), a USD 1.4 billion modern... more
Logistics associations fear chaos on the roads
The Austrian federal state of Tyrol has again announced block customs clearances for this week. Daily so-called block-handling days have been ordered until and including Friday, 27 May 2022. The situation is likely to become particularly acute this week with the Ascension Day... more
Cargo is worth the risk of congestion
Is it due to its experienced cargo GSA Kales Group, that soon to be launched Norse Atlantic Airways has changed its initial plans? The low-cost transatlantic start-up headquartered in Arendal, Norway, will operate its first commercial flight from Oslo to New York on 14 June... more
On the way to a fleet of 150,000 containers
Demand for intermodal services in USA has grown significantly in recent years. Now, J.B. Hunt and BNSF Railway are launching a joint effort to substantially improve capacity in the intermodal marketplace. J.B. Hunt plans to grow its intermodal fleet to as many as 150,000... more
The return of the idle fleet?
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million. The Toll Group, which sold its loss-making... more
Next senior partner for SSY
Stanko Jekov, head of dry cargo at Simpson Spence Young (SSY), will be taking over as senior partner following Mark Richardson's announcement that he will retire at the end of this year. Jekov, who has been with SSY since 2002 and was made partner in 2010, has led the dry... more
Geopost/DPD Group picks Yves Delmas
Yves Delmas has been appointed CEO of Geopost/DPD Group and executive vice president of La Poste Group, member of the executive committee. Delmas has a 30-year track record within La Poste group, having held multiple management positions within the company’s parcel and... more
CBP officers confiscate live contraband
CBP Agriculture Specialists found something unusual while examining an air mail shipment declared as "earphones" arriving from Malaysia. When they opened the box, they discovered 26 vials containing live centipedes concealed in earphone cases. The CBP officers had... more
Freight wagons wanted - on loan
In Ukraine, millions of tonnes of grain are waiting for transport. Freight wagons will be urgently required for this purpose in the coming weeks. In its newsletter, the Swiss Association of Shippers (VAP) is therefore calling for free rolling stock to be made available for... more