Echo Logistics is sold 
Echo Global Logistics, founded in 2005, has inked an agreement to be taken over by funds managed by the private equity firm "The Jordan Company" (TJC). The transaction is valued at approximately USD 1.3 billion. Headquartered in Chicago with more than 30 offices in... more
Thirteen-year partnership extended
Atlas Air, a subsidiary of Atlas Air Worldwide Holdings (AAWW), has entered extended its contracts with DHL Express to continue operating 20 freighter aircraft in support of its growing express and e-commerce markets. These agreements build on the strategic partnership... more
Remarketing two combi freighters
ACC Aviation has successfully disposed of two de Havilland Dash 8-100 combi-configured aircraft. Working between its USA and Middle East office, the asset management division of the global aviation services group was exclusively mandated by Canadian North. Working in close... more
James Bond vehicles safely transported
DHL has transported eight original film vehicles from Norwich, Norfolk in UK across the Atlantic to Los Angeles, USA. The cars of James Bond films since Casino Royale in 2006 will be the main attraction of an exhibition at the Petersen Automotive Museum. In total, DHL... more
Jim Kessler now president of Ritchie Bros.
Jim Kessler, former COO, will assume the additional role of president of Ritchie Bros., a global marketplace for insights, services and transaction solutions. Jim Kessler has more than 20 years of experience in senior leadership positions, including those of president, COO... more
Puma and Mustang shall graze together
Transpacific traffic continues to strive. As a reaction to rising demand for connections from the Far East to the North America West Coast, MSC is launching two new weekly shuttles, connecting south and central China with Long Beach called Puma and Mustang. The rotation of... more
UPS invests in Great Britain
UPS is continuing its strategic expansion in UK. The company has just opened an expanded air hub at East Midlands Airport (EMA). The extended hub now covers 36,000 sqm and is equipped with automated scanning and sortation systems. The USD 190 million investment allows the... more
Nasmyth Group hires Stuart Fyfe as CFO
Stuart Fyfe has been appointed chief financial officer of Nasmyth Group. For the past six years, he was group financial director for an international company, managing a portfolio of brands in the HVAC sector. Fyfe: “I am delighted to be joining Nasmyth Group as CFO, having... more
Vic Karjian interim CEO of Amerijet
Amerijet has named executive chairman Vic Karjian as interim CEO effective 18 September, 2021. He is standing in for Tim Strauss, while the company conducts a search for a new CEO. Karjian was Amerijet’s CEO before Strauss joined the company in August 2020. Strauss is leaving... more
Another step towards zero-emission locomotives
Wabtec, G&W and the Carnegie Mellon University are partnering to build a more sustainable freight transportation network in North America by 2030. The aim is to power locomotive fleets with alternative energy sources for a zero-emissions freight rail network pilot and... more