Ohio short-line deal closed 
Agracel, which provides industrial development services to rural communities, has launched a new affiliate in the USA, Agracel Rail Holdings, to develop short-line and regional railroad services in North America. Agracel previously co-developed the Effingham Railroad and... more
On the box ships' renaissance
The shipyards are busy again. According to Clarksons, the order book for container ships is also on the rise. Since 2010, when 30% of the global order book were container vessels, their share of the operating fleet worldwide saw a constant downward trend to the low of 8.8% in... more
CN, not CPR, will combine with KCS
Canadian National Railway (CN) and Kansas City Southern (KSU) have entered into a definitive USD 33.6 billion merger agreement to create the premier railway. The agreement was unanimously approved by both companies’ boards of directors. This combination of the two railways’... more
Heinemann Americas contracts logistics partner
A new partnership in the Americas: Heinemann Americas (HAI), the Florida-based affiliate of the international duty-free company Gebrüder Heinemann, and Bolloré Logistics have extended their ongoing cooperation to the new world. Since HAI opened its Miami office nearly seven... more
New CCO at GATX Rail Europe
GATX Rail Europe, headquartered in Vienna, Austria, the European branch of an USA-based leasing company for rail vehicles, has appointed Jörg Nowaczyk as new CCO, effective 1 July 2021. He will report directly to current CEO Johann Feindert. Nowaczyk brings rail logistics... more
Sale-lease-back for two Air France B777F
Funds managed by affiliates of Apollo Global Management and Merx Aviation, a global aircraft leasing, management and finance company, have completed a sale and leaseback transaction with Air France which comprises two B777F. The aircraft, manufactured in 2009, were acquired... more
More A330 freighters for Mexican carrier
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, has reached an agreement with Mexico-based Mas Air Cargo Airline for the lease of two A330-300 passenger-to-freighter (P2F) aircraft, marking the lessor’s first-ever lease transaction with... more
Rock-it Cargo targets Saudi Arabia
Los Angeles-headquartered Rock-it Cargo (Rock-it), an event logistics firm, and Jeddah-based Sela Sport Company (Sela) have teamed up to form a global partnership to tackle the entertainment market in and around Saudi Arabia. The partnership brings together combined... more
First AEI B767-800SF operated in Europe
Miami-based aircraft conversion provider Aeronautical Engineers has redelivered Cargo Air’s first B737-800SF freighter. The aircraft of the Bulgarian customer also represents the first AEI B737-800SF freighter conversion to be operated in Europe. It offers a main deck... more
Central American Express launched
Having introduced its first service linking the US Gulf Coast with Brazil and other parts of South America in March 2020, the Chinese shipping company Cosco now adds a new route from the United States to Central America - in a joint operation. Cosco will run its new Gulf... more