Jaxport retains stable credit rating 
The port of Jacksonville, Florida’s largest container gateway, was pleased that Fitch Ratings recently confirmed the A rating of the port's approximately USD 130 million in outstanding revenue bonds. The credit rating agency issued the port with a ‘stable’ rating outlook.... more
Pop-up terminal opens in California
US class I railways Union Pacific (UP) is opening a new intermodal terminal near the Ports of Los Angeles and Long Beach in an area that is central for the distribution of imports and industrial warehousing in Southern California. The terminal will come on stream in Q2/2021,... more
American JAS invests in Hong Kong
JAS Worldwide, a global freight forwarding company headquartered in Atlanta, GA, and founded 1978 in Milan, Italy, has acquired Tigers Limited, a freight forwarding and supply chain management company based in Hong Kong. It is a strategic step for JAS, which covers more than... more
Galoni becomes Thordon Bearings' CEO
Anna Galoni has been named as the new CEO of bearing and seal specialist Thordon Bearings, a Canadian Thomson-Gordon Group company. She succeeds Terry McGowan, who has retired after almost 14 years in the CEO role. Galoni joined the Burlington, Ontario-headquartered company... more
Eight pallets of relief supplies to Aral Sea
Uzbekistan Airways and Boeing recently delivered eight pallets of humanitarian relief supplies donated by Project CURE to the Aral Sea region of the Central Asian country on board the airline’s newest B787-8 Dreamliner. The third humanitarian delivery flight partnership... more
Less cargo theft in Mexico
Intelligence company Sensitech recently published its annual cargo theft report for Mexico in 2020. In total, cargo theft in 2020 decreased by 9% in comparison to 2019, but its risk level remains severe. On a regional basis, the state of Mexico accounted for 34% of cargo theft... more
Air cargo demand: all time high in March
Yesterday, 4 May 2021, on the first day of this year's (virtual) Air Cargo Europe conference, Iata released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-Covid levels (March 2019) with an increase of 4.4%. In March,... more
Gefco 's air & sea wins in 2020
It is the pandemic paradox again. In 2020, Gefco experienced a 19.7% fall in revenues due to disruptions in customers’ businesses around the world, but maintained a 3.7% ebit margin, (4.3% in 2019). In total, Gefco's revenues in 2020 amounted to EUR 3.8 billion, a 19.7% decrease... more
ONE takes great leap in 2020
In 2020, Singapore-headquartered Ocean Network Express (ONE) generated a turnover of USD 14.4 billion, which is a significant 21.3% above the level of FY/2019 (USD 11,9 billion). Profit saw a peak with USD 3.5 billion, a multiple of the profit in the previous year (USD 105... more
TFI International digests UPS Freight
Montreal-headquartered TFI International has finally closed its previously announced acquisition of UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) divisions of US-player United Parcel Service. All regulatory authorities have given their green light.... more