Less stress in Los Angeles
In August, container throughput at the Port of Los Angeles declined for the first time in almost two years. The port handled an estimated 806,000 teu this month, approximately 15% less than the same period in 2021. Seasonal reasons apply, as Port of Los Angeles executive... more
Air Canada opens export acceptance at YYZ cold chain...
Air Canada Cargo’s state-of-the-art cold chain facility at Vancouver airport (YVZ) will launch its new export acceptance area today, 19 September 2022. With almost 2,800 sqm of end-to-end temperature-controlled shipping and storage, the upgrades include: An x-ray machine... more
American Airlines Cargo names new president
American Airlines Cargo has appointed Greg Schwendinger to the role of president, effective 3 October 2022. The announcement follows the departure of Jessica Tyler in May, who moved to another leadership role in the airline. Schwendinger comes from a strong airline and... more
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
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
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
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
Memphis CBP seizes ancient Egyptian artifact
Almost one month ago, US Customs and Border Protection (CBP) officers at the port of Memphis, TN, intercepted an ancient Egyptian artifact shipped from Europe. The shipment was manifested as an antique stone sculpture over 100 years old and sent from a dealer to a private buyer... more
Aspiring to new heights
Six Boeing B777 conversion lines in Fort Worth. The market isn’t providing as much new maindeck capacity as is needed in the medium term, which is attracting more maintenance companies to convert passenger aircraft into full-freighters (P2F units). A new US service provider has... more
100 candles for US short-line railroad
The Mississippi Export Railroad (MSE) is celebrating 100 years of service to the Gulf Coast region. Since 1922, the US short-line railroad has played a vital role in developing many businesses along the Mississippi and Alabama Gulf Coasts.The 70 km railway line extends from... more