26 forwarders acquired in just eight years
PS Logistics has finalised the acquisition of Noble Trucking and Noble Logistics via its DMT Trucking subsidiary. The price of the transaction was not disclosed. The transaction will further strengthen DMT Trucking’s operations in USA with the addition of over 400 power... more
Overtime in Savannah
Not all ports are effected by strikes and shutdowns. At the beginning of its fiscal year, the US East Coast Georgia Ports (GPA) processed almost 531,000 teu in one month. This July saw a throughput 18% higher than the same month last year. The employees and partners are the... more
Good vibes in San Pedro Bay
The Port of Long Beach is keeping the pace. July’s throughput of almost 786,000 teu is just ahead (+0.13%) of the record achieved in the same month last year. While imports declined by 1.8% to 376,000 teu, exports went down by 0.5% to 109,000 teu. Yet, empty containers moved... more
Short line rail road starts operation
Kinston Railroad (KNR) recently began operating rail services in North Carolina, USA. The wholly owned subsidiary of Jaguar Transport Holdings acquired leasehold rights to 10 km of track owned by the NC department of transportation. The railroad will interchange with Norfolk... more
Good prospects for international air cargo
Nashville International airport (BNA) has begun the design phase of "New Horizon". Expected to cost an additional USD 1.4 billion and to be phased in over the next six years with a scheduled completion in late 2028, the new construction and renovation plan includes two... more
UPS expands healthcare logistics network
Bomi Group, a multinational healthcare logistics provider with Italian roots, has become the next target of UPS's expansion strategy. The takeover will add temperature-controlled facilities in 14 countries and nearly 3,000 Bomi staff members to the integrator's healthcare... more
Chinese ports coming back
In June 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) grew to 126.1 points from 124.9 points (seasonally adjusted) the month before, according to the latest flash... more
Can’t help growing
It is an investment in the automotive industry from another angle. Effective 9 August 2022, Copenhagen-based Scan Global Logistics (SGL) finalised its ninth acquisition in 2022 by taking over the owner-operated German-American logistics service provider AFL, including the assets... more
CargoAi hires experienced talents from Iata
CargoAi, a provider of digital solutions for the air cargo industry, is welcoming two new strategic additions to its team: Veronica Ibarra joins the company as its vice president of operations. She will be based in Miami. Her task will be to strengthen CargoAi’s North American... more
Seko increases capacities on the US West Coast
Seko Logistics is acquiring the 3PL Pixior to complement its presence on the US West Coast. The purchase price was not disclosed. Founded in 2000, the company has a network of eight locations, seven along the West Coast and one in Connecticut. Pixior specialises in ecommerce... more