Deutsche Post DHL group is in heaven 
In 2021, Deutsche Post DHL Group generated revenues of EUR 81.7 billion, an uptick of 22.5% compared to 2020. Earnings almost doubled to EUR 8.0 billion (2020: EUR 4.8 billion) and the ebit margin increased to 9.8% (2020: 7.3%). Consolidated net profit after deduction of... more
"No soup for you," says CBP
The shipment may have been manifested as chicken vegetable soup, but Philadelphia US Customs and Border Protection (CBP) officers soon realised that the brothy bouillon before them was canned criminal consommé. While inspecting international express delivery parcels, CBP... more
Interline service from Mexico to Chicago launched
In partnership with Kansas City Southern (KCS), Canadian Pacific Railway (CP) recently launched the first dedicated international intermodal train between Lazaro Cardenas in Mexico and Chicago in the US Midwest. This first train was born out of the need to avoid excessive delays... more
Vygon takes over distributor in Peru
France-based Vygon, a global medical devices group, has acquired Macatt Medica, a distribution company headquartered in Lima (Peru). Founded in 1997, Macatt Medica has been distributing the majority of Vygon’s products, including a wide range of enteral nutrition products,... more
Planning to test electric mining truck
Teck and Meda Tech will begin piloting a fully electric on-highway transport truck to haul copper concentrate in Canada in summer 2022. The start of the trial will mark the first use of a battery-electric truck to transport this raw material worldwide, the two companies said.... more
Cargo operations soars to new heights in Houston
With a total of more than 537,700 t of freight for IAH and HOU combined, last year was the best on record for Houston’s cargo operations. The figure represents a steep 16% increase from 2020 and a 1.3% increase from 2019. An increase in domestic air freight in general was the... more
First e-locomotive for US short line railroad
Newburgh & South Shore Railroad (NSR), an affiliate of US transport company Omnitrax, has purchased its first all-battery electric locomotive to service its northern Ohio rail lines. The new AMPS Traction battery electric locomotive is projected to reduce NSR emissions by... more
More money for Forto
In its series D financing round, digitised freight forwarding and supply chain provider Forto has raised an additional USD 250 million in investor funds, increasing the company's valuation to USD 2.1 billion. Existing investors were also involved, in addition to banks and funds,... more
Vehicle fleet to be equipped with solar panels
DHL Express is installing solar panel units on 67 trucks within its pickup and delivery fleet in USA. The solar technology is expected to reduce CO2 emissions for each vehicle by 1,000 kg per year, also lowering both fuel and maintenance costs. Trailar’s solar system... more
Americold picks George Chappelle Jr
The board of trustees of Americold Realty Trust, the world’s largest publicly traded real estate investment trusts (REIT) focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, has appointed George F. Chappelle Jr. as chief... more