DHL in the land of plenty 
Deutsche Post DHL Group (DPW) has reported its preliminary results for Q2/2021 and raised its outlook for the current financial year and for 2023. Operating profit (ebit) more than doubled in the second quarter compared to the previous year and amounted to almost EUR 2.01... more
Cargotec - Konecranes merger revisited
The European Commission, which recently started a phase II review of the merger between Cargotec and Konecranes, decided to open an in-depth investigation to assess the project under the EU merger regulation. The message is clear: "The Commission is concerned that the... more
Geodis expands US footprint
Freight forwarding group Geodis has acquired Velocity Freight Transport, a freight brokerage company based in Plano, Texas. The seller is the McLane Company, a subsidiary of Berkshire Hathaway. The details of the transaction, effective 30 June 2021, were not disclosed. Mike... more
90 years ago – a postal aeroplane’s futuristic design
In 1930, Boeing created the revolutionary Monomail, which made traditional biplane construction a design of the past. The Monomail wing was set lower, was smooth, made entirely of metal and had no struts (cantilevered construction). The retractable landing gear, the streamlined... more
Peters returns to logistics sector
Lineage Logistics, a USA-based temperature-controlled industrial REIT and logistics solutions provider, has appointed Harld Peters as SVP Europe. He brings extensive experience leading technology-driven transformation and accelerated growth, most recently serving as... more
Enhanced technology for Redwood
Chicago-based 3PL provider Redwood Logistics (Redwood) is currently integrating the recently-launched Rating API with Oracle Fusion Cloud Transportation Management (OTM). The new integration will provide OTM users with immediate rates and full tender acceptance, the company said... more
Upgrade of Pan Am rail system planned
CSX has submitted an amended and supplemented application to the Surface Transportation Board (STB) as part of the previously announced agreement to acquire New England’s Pan Am Railway, the US class I railway said. CSX proposes to invest in upgrading and modernising the Pan... more
Rebecca Garbrick goes Forward
Rebecca Garbrick has been named CFO and treasurer of Forward Air, an asset-light freight and logistics company based in Greenville, TN, which provides LTL, final mile, truckload and intermodal drayage services in USA and Canada. She joined Forward in November 2020 as VP and... more
Turkish Cargo flies 100 million vaccine doses
Turkish Cargo has carried 100 million Covid-19 vaccine doses, roughly 450 t, from the production centres to destinations in its network. Key and certificated destinations in Turkish Airline's network have been Baku, Belgrade, Copenhagen, Rome, Mexico City, Miami and Sao Paulo.... more
Another acquisition for DP World
It is the next coup in the logistics sector: DP World is purchasing all the shares of Syncreon for an enterprise value of USD 1.2 billion. Syncreon is a US global logistics provider that was formed in 2007 when Dublin-headquartered Walsh Western International bought TDS... more