Logistics Zone at Guayaquil opened 
A Special Economic Development Zone (ZEDE) has been launched in Ecuador. It is located in the hinterland of Contecon Guayaquil (CGSA), an affiliate of International Container Terminal Services. The Philippines-based port operator, together with national government and port... more
Rail yard in South Louisiana in operation
The new six-track rail yard in St. Charles Parish, USA, is now ready for operation. The facility, located at the US Port of South Louisiana, is designed to accommodate between 250 and 350 rail cars exclusively for Dow Chemical. The rail yard will be used for railcar maintenance... more
Founder of EMO Trans USA dies
EMO Trans, a global provider of logistics and supply chain management services, mourns the death of its founder and chairman Joachim (Jo) Frigger, who passed away unexpectedly on 19 April 2021. Born 1940 in Germany, Frigger moved to the USA in 1966 working for Deugro and... more
Ships' values soar 
It is indeed a record. According to data from Clarkson Research, the value of the global merchant fleet has surpassed a trillion dollars in April due to rising prices for second-hand ships, especially in the container and bulk sectors. The broker's general second-hand price... more
British cargo airline doubles Saab 340B fleet
Great Britain's RVL Aviation has added a second Saab 340B aircraft to its East Midlands Airport-based fleet, to meet the increasing cargo payload needs of the airline’s logistics customers. This is the latest in a line of new fleet additions to the growing airline’s... more
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