A bright future for the logistics market 
Dublin-based intelligence provider research and markets has published its latest "Global Logistics Market Report and Forecast 2022-2027’". According to its findings, the global logistics market reached a business value of about USD 9,525 billion in 2021. Driven by... more
Duluth back to pre-pandemic levels
Inland navigation through the Saint-Laurence River and the Great Lakes is also getting back to normal. Throughput in the Port of Duluth-Superior climbed to 32.9 million t in 2021, an increase of 27% compared to 2020 and a 2.3% improvement over the five-season average. 20.4... more
CN picks Tracy Robinson
CN (Canadian National) has appointed Tracy Robinson as president and chief executive officer and as a member of its board of directors, effective 28 February 2022. This appointment follows the previously announced retirement of Jean-Jacques (“JJ”) Ruest. Robinson, who will... more
More than ever before
142 hydrogen refuelling stations went into operation worldwide in 2021, – setting a new record. 37 hydrogen stations were opened in Europe, 89 in Asia and thirteen in North America, according to an annual assessment. Meanwhile, hydrogen refuelling is possible in 33... more
Big Brown in good shape
UPS is reaching for the stars, approaching the threshold of USD 100 billion in annual revenues. In 2021, consolidated revenue in the CEP business increased by 15% compared to 2020, amounting to USD 97.3 billion in total. Net profit also took a leap, since adjusted operating... more
Big order for Boeing's new freighter programme
Qatar Airways will be the 777-8 freighter launch customer with a firm order for 34 jets and options for 16 more, the largest freighter commitment in Boeing history by value (+USD 20 billion at current list prices). Boeing will build the type in its Everett, WA factory, where... more
CBP seizes two shipments of GBL and DMT
US Customs and Border Protection (CBP) officers in Philadelphia seized two shipments of dangerous controlled substances – gamma butyrolactone (GBL), a date-rape precursor, and dimethyltryptamine (DMT), an LSD-like hallucinogenic – that arrived on 20 January 2022 in express... more
J.B. Hunt reaching the zenith
Zenith Freight Lines, a subsidiary of Bassett and based in Conover, NC (USA), is being acquired by J.B. Hunt Transport Services of a purchase of USD 87 million. When the transaction has been finalised, J.B. Hunt and Bassett will enter into a long-term services agreement which... more
Mars elects new officers
The Midwest Association of Rail Shippers (Mars) elected its 2022 slate of officers at its annual winter meeting earlier in January. The 2022 Mars officers are: president Carrie Evans, Iowa Interstate Railroad, Cedar Rapids, Iowa; first vice president Kathy Bathurst, CSX... more
Battery-electric locos for two US-States
Union Pacific Railroad (UP) in USA is purchasing 20 battery-electric locomotives. The combined purchases and upgrades to yard infrastructure are expected to exceed USD 100 million, representing the largest investment in battery-electric technology by a US Class I railroad.... more