Experienced transport analyst joins GXO 
Mark Manduca has been appointed chief investment officer of GXO Logistics, the intended spin-off of XPO’s logistics business, effective May 2021. His task will be to analyse GXO’s growth opportunities, optimise its asset portfolio and oversee its UK pension investments. Manduca... more
Funding for female-led Frisco drone company
Mightyfly, an autonomous air cargo carrier based in the San Francisco Bay Area, has closed USD 5.1 million in seed funding. The round includes investments from 500 start-ups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. It will be used to... more
CN outbids CPR
Canadian National Railways (CN) has made a superior proposal to combine with Kansas City Southern (KCS). With USD 325 per KCS share, the bid represents a 21% premium over the implied value of Canadian National Railways' (CP) transaction and rates KCS at an enterprise value of US... more
Port of Savannah reaches threshold
The Port of Savannah (Georgia Ports Authority) on the US East coast handled almost half a million teu in March. This represents an increase of more than 48%, or 162,000 teu, compared to the same month in 2020, an all-time record. Counting the 498,000 teu moved in March, GPA... more
Jordan advances at Geodis
Global logistics services provider Geodis has promoted Anthony Jordan, who can look back on 35 years in the logistics industry, including 18 years at Fedex Supply Chain, to EVP and COO of the Americas region. Jordan has been working for Geordis for 15 years, most recently as... more
Biggest win in Menzies' cargo business history
Following a competitive process, Avianca has selected Menzies as its cargo handling partner of choice at Miami airport (MIA), a strategically important cargo gateway for the airline and major American airport for international freight. From May and for five years to follow,... more
Frandsen to lead business development
Bertling Logistics, founded in Germany 155 years ago, has hired Rasmus Frandsen as its new director business development in Houston, Texas, effective 12 April 2021. Bringing extensive chartering and project experience to his new role, Frandsen joins his new employer from... more
13% more cargo, 15 million vaccine doses
In March 2021, Hong Kong International Airport’s (HKIA) cargo throughput saw a year-on-year increase of 4.9% to 397,000 t. Cargo handled over the first three months of 2021 rose 13% to 1.1 million t. Also in March, the local airport authority jointly completed a pilot... more
Hidrovias do Brasil takes over from Imperial
South African logistics operator Imperial continues its disinvestment in international activities and its focus on Africa. The company has now decided to sell its South American shipping business. The buyer is the waterways transporter Hidrovias do Brasil, a company founded... more
Key to failure
In the six weeks between the beginning of March and the middle of this month, April, US Customs and Border Protection (CBP) officers in Cincinnati seized 1,196 counterfeit keys, key fobs, key fob covers and decals bearing protected trademarks of multiple vehicle manufacturers.... more