USD 150 million for airport logistics fund 
Realterm has successfully raised USD 150 million in capital commitments for its open-ended fund, Realterm Airport Logistics Properties (Ralp). Ralp has now gained approximately USD 900 million in total equity commitments since its formation in 2015, with all original investors... more
Emerging in two more markets
Six months after expanding its business into Chile, Emergent Cold Latin America, a refrigerated storage and logistics service provider based in São Paulo, Brazil, has acquired two more companies. The acquisition of Polo Logístico de Frio (PLF), which has a strong market... more
More offerings between Canada and Italy
Working in tandem with Westjet commercial flights between Calgary and Rome, Westjet Cargo will offer approximately 120 t of weekly cargo capacity directly between these destinations on the airline's 787 Dreamliner. Westjet Cargo's shipments will provide increased capacity for a... more
GXO remains largely Anglo-Saxon
GXO, a spin-off from XPO Logistics, has reported its Q1/2022 results. Revenues amounted to USD 2.1 billion, rising by 14% (from USD 1.8 billion) compared to the same period last year. Its operating income went up by 23.3% to a still-modest USD 37 million (USD 30 million in... more
Laurels for port software provider in Santos
The software firm T2S Tecnologia has received a ‘Brazil Quality Summit 2022’ international award, in the category ‘Brazilian company of the year’. The honour recognises the 19 years of sterling IT services focusing on the port sector provided by T2S. The award will be handed... more
Stratolaunch – fifth flight with new pylon on board
Stratolaunch has successfully completed the fifth test flight of the ‘Roc’, the world’s largest aircraft. It flew over the Mojave Desert for 4 hours and 58 minutes, reaching an altitude of 22,500 feet (6,858 m). The flight debuted a new pylon on the aircraft’s centre wing that... more
Enhancing a rail carrier’s hydrogen infrastructure
Atco, a Canadian corporation with investments in logistics, is constructing two hydrogen production and refuelling facilities in Alberta (Canada) for Canadian Pacific (CP). The hydrogen infrastructure at each CP site in Calgary and Edmonton will include a 1 MW electrolyser,... more
Atlas Air with strong Q1 results
Atlas Air Worldwide Holdings Inc has announced a net income of USD 81.5 million for the first quarter of 2022, or USD 2.38 per diluted share, compared with USD 89.9 million (USD 3.05 per diluted share) in 2021. (Last year included USD 40.9 million of Cares Act grant income, or... more
Autonomous trucking going ahead
Volvo Autonomous Solutions (VAS) is set to offer new hub-to-hub autonomous transport solutions in the USA, and to this end will partner global logistics provider DHL Supply Chain as its first customer in the project. The solution is designed to serve shippers, carriers,... more