French acquisition in USA
ID Logistics has been interested in the new continent since it set up its first own branch in USA in 2019. Now the company is purchasing all the shares of Kane Logistics, USA-based warehousing and contract logistics provider which the Kane family founded in 1930. The... more
Eastern Air and Flexport cooperate
Eastern Air Holdings and Flexport, a global logistics platform, have signed a multi-year contract for cargo services that will bring net-new capacity to the global air freight market. Eastern is expected to begin flying its B777 express freighters, once approved by the... more
A great leap for Guadeloupe Port Caraibes
The Grand Port maritime Guadeloupe Port Caraibes reached new milestones in 2021. For the first time in its history, 4.2 million t of goods passed through the port’s facilities. This is 16% more than in the pre-pandemic year of 2019 and 18% more than in 2020. Import traffic was... more
Turkish Cargo partners with WFS in Texas
Worldwide Flight Services (WFS) has extended its cargo handling partnerships with Turkish Airlines in North America Dallas/Fort Worth and Houston. The new contract at Houston’s George Bush Intercontinental Airport will begin in March and will see the local WFS team handle... more
Fit for future trade
A number of associations have joined forces to create new data standards. Bimco, Fiata, the International Chamber of Commerce (ICC), Swift and the Digital Container Shipping Association (DCSA), in conjunction with its nine member carriers, have inked a memorandum of... more
The Alliance: changes in spring 2022
The Alliance will introduce several adjustments to its network in spring 2022. A key change is the split of the hitherto FP2 pendulum loop into the two services FE5, linking Southeast Asia to Europe, and PS7, linking Southeast Asia and South China to the Transpacific West Coast.... more
USD 60 million for Tra Pac Jacksonville terminal
Ceres Terminals and Jaxport have inked an agreement on investing USD 60 million over a 20-year-timeline in the lease and modernisation of the Tra Pac Jacksonville container terminal in Jacksonville, Florida. In a separate transaction, Ceres will purchase the terminal’s... more
XPO surges ahead in 2021
XPO Logistics the company generated revenues of USD 4.1 billion in the full year of 2021, almost 14% up from 2020. Adjusted ebitda amounted to USD 904 million, a similar leap of 15.5% compared to 2020 (USD 764 million). Brad Jacobs, chairman and CEO: "Our company... more
ATSG extends agreements with DHL
Air Transport Services Group has executed agreements with DHL Network Operations (USA), under which ATSG’s cargo aircraft management and ABX Air subsidiaries will continue to lease and operate aircraft within DHL’s global network. The agreements include six-year extensions... more
CSafe Global picks Brody McCullough
CSafe Global, a provider of temperature-controlled container solutions for the transport of life-enhancing pharmaceuticals, has appointed Brody McCullough CPA vice president of finance. McCullough brings more than a decade of diverse experience in accounting and finance,... more