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
Rejuvenating the world's freighter fleet
321 Precision Conversions' new A321-200PCF freighter has been awarded the FAA supplemental type certificate number ST02716SE. The company is a joint venture between Precision Aircraft Solutions, an aircraft modification company specialising in freighter conversions of B757,... more
Strategic changes for SEA Electric
US-based global automotive technology company SEA Electric, founded in Australia in 2012, aims to provide electrification solutions to align with President Joe Biden’s proposed investment and EV infrastructure plan. The company is strengthening its management team to meet the... more
Container flows on a stable high
The Container Throughput Index published by RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) shows a slight, seasonally adjusted increase from (revised) 121.4 to 122.6 in March. Overall, the indicator has thus been moving... more
Increasing cold chain capabilities in USA
American Airlines Cargo has expanded its solution for transporting temperature-controlled shipments to its entire mainline fleet. This expansion follows a number of tests and trials conducted in partnership with two experienced services providers. Through the use of CSafe... more
Border restrictions cause chaos
In response to a new surge of Covid-19 infections in Latin America, governments have implemented a patchwork of uncoordinated measures with a disastrous impact on the trucking industry, endangering the supply chains that it underpins. Argentina and Chile have announced a... more
More Caribbean capacity out of Miami
Caribbean Airlines Cargo is currently expanding its service. The airline, jointly owned by the people of Trinidad & Tobago and Jamaica, has updated its schedule and is increasing its weekly freighter capacity by 90 t to meet the growing demand for air cargo services... more
Turkish Cargo landing in Munich and Vancouver
Turkish Cargo hasn’t let the fact that the Air Cargo Europe trade fair isn’t taking place physically next week dampen its energy and has announced its arrival in Munich (photo). On Friday 7 May the airline is adding main-deck capacities to the southern German destination, which... more