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
6.9+ million Covid-19 vaccine doses for Ethiopia
The US embassy in Ethiopia has reported the arrival of 840,060 doses of the Pfizer vaccine that USA is sharing with Ethiopia through Covax. This batch, which arrived at the Bole International Airport in Addis Ababa, via Covax on 1 March 2022, brings the number of doses of... more
US short line rail road now in service
Missouri Eastern Railroad (MER), a wholly owned subsidiary of Jaguar Transport Holdings, began rail operations on 1 March 2022. It owns 70 km of track located in the western portion of the St. Louis metropolitan area and has leasehold rights to 15 km of adjacent track owned by... more
ITJ exclusive: Qatar Airways flies for Cainiao
Following the recent expansion of its business with Atlas Air, Cainiao, the logistics arm of Chinese e-commerce giant Alibaba, will fly goods from Hong Kong to São Paulo-GRU via Doha on B777 freighters operated by Qatar Airways Cargo. The service will begin tomorrow, 5 March... more
UA wins Tiaca's third sustainability award
The International Air Cargo Association (Tiaca) has announced the results of the third edition of the air cargo sustainability awards, run in partnership with industry IT solutions provider Champ Cargosystems. The awards aim to recognise outstanding businesses and industry... more
Joint venture investing heavily in USA
It is an invitation for two. The US real estate investor and developer Oxford Properties Group (Oxford) and the real estate investment management firm Ever West Real Estate Investors (Ever West) formed a joint venture in late 2021, planning to invest around USD 1 billion in US... more
IRS to focus on "innovating rail"
The 11th International Railway Summit (IRS), which will be organised in association with the International Union of Railways (UIC), will take place in Berlin (Germany) on 30 May – 1 June 2022. The topic will be ‘Innovating rail for people, planet and prosperity’. The... more
Big commitment for widebody conversions
Air Transport Services Group (ATSG), a US lessor of freighter aircraft, has committed to a total of 29 A330 passenger-to-freighter conversion slots with Elbe Flugzeugwerke (EFW), German centre of excellence for Airbus freighter conversions and a joint venture between Singapore's... more