Rail service for 9 sqkm industrial park 
The US transport company Omnitrax has begun operations as the new rail partner of the River Ridge Commerce Centre, southern Indiana’s industrial and business development park. Omnitrax will also work with state and local officials to attract new park projects. The expansion of... more
Focus on leasing business
Suttons International is acquiring ISO tank containers, personnel and overseas customer contracts from VTG Tanktainer, including VTG's shares in the Brazilian JV Mission Line. VTG's stake in the Cosco VTG Tanktainer JV to serve the Chinese market is not included in the Suttons... more
CMA CGM buys FMS in Los Angeles
It is a new chapter in CMA CGM's Transpacific trades. The French Group is acquiring the Fenix Marine Services (FMS) container terminal at the port of Los Angeles. The transaction is valued at about USD 2 billion. CMA CGM already holds a 10% stake in FMS and is to buy the... more
Expeditors getting far
Global logistics company Expeditors, which is headquartered in Seattle/Washington, has reported its Q3/2021 financial results. Revenues jumped up by 84% to USD 4.3 billion compared to the same period in 2020 (USD 2.3 billion). Operating income increased by 94% to USD 490... more
GlobalX inducts first A321 for cargo conversion
Global Crossing Airlines’ (“GlobalX”) first A321 passenger to freighter aircraft has entered the first phase of conversion at Hong Kong Engineering Company Limited (“Haeco”) in Lake City Florida. The aircraft will be inducted in January 2022 into the 321 Precision Conversions... more
ID Logistics US picks William Parramore
ID Logistics has named William Parramore as managing director of ID Logistics USA. He has 25 years of experience logistics and supply chain and holds an MBA in business/managerial economics from Paris Dauphine University. In 1996, Parramore joined Geodis and became vice... more
First autonomous electric pod system in service
Swedish freight technology specialist Einride and GE Appliances (GEA) are working together to implement electric and autonomous transport at scale. It will be the first time an autonomous and electric truck will be operating on American soil, the companies said. The... more
Flowfox links up with DCSA
The Digital Container Shipping Association (DCSA) was founded in 2019 as a joint effort of carriers to support the development of global, digital standards in shipping. Now, Flowfox is starting to work with DCSA on the import container release. The Hamburg-based logistics... more
John Nardi (NYSA) named Person of the Year
John Nardi, president, New York Shipping Association (NYSA), has been named the 2022 Person of the Year by the New York/New Jersey Foreign Freight Forwarders and Brokers Association (NYNJFFFBA). A 38-year maritime industry veteran, John Nardi was appointed president of NYSA in... more
A good Echo from the market
Chicago-based and Nasdaq-listed Echo Global Logistics has reported its financial results for Q3/2021. In September, Echo entered into a definitive merger agreement to be acquired by funds managed by The Jordan Company, a global private equity firm. Revenues in Q3/2021... more