Finance guru for growth in Asia 
Emergevest, a private equity investment group with holdings that include EV Cargo, one of the largest private logistics companies in UK, has appointed Lawrence Lim as director with responsibilities for investment origination, execution and portfolio management. Lim joins... more
New routes for holiday airlines
In April, Swiss will be using A340s operated by its holiday airline Edelweiss on unusually short routes: the wide-bodied aircraft are to be deployed around 20 times between Zurich and London Heathrow, carrying only cargo rather than passengers. More such flights are planned... more
Nola delegates communications executive
Erin Burns, who has been director of communications at New Orleans airport (MSY) for three years, has been elected to serve on the steering group of the marketing, communications & customer experience committee of Airport’s Council International-North America (ACI-NA).... more
EVP to expand intermodal segment
Milestone Equipment Holdings, which offers transportation equipment leasing solutions, has hired Phil Shook as executive vice president, domestic intermodal, effective immediately. He will lead the expansion of Milestone’s domestic intermodal segment and oversee other marketing... more
Alliance to ship vaccines
The global airline alliance Skyteam Cargo has launched "V Excellence", which covers the transport of Covid-19 shipments moved under the members' product family "customised vaccines", offering priority handling, and "specialised pharma", the solution... more
Crew crisis on the rise again?
Shipping companies fear that the number of seafarers affected by the crew change crisis is on the rise due to travel restrictions imposed by governments to combat the new variants of the virus. The latest industry analyses show that 200,000 seafarers are currently affected, a... more
Fedex can't help winning
Fedex remains a winner of the 2020 pandemic. The company recently reported its consolidated results for the quarter ended 30 November 2020.In the three months from September to November, revenues surged from USD 17.3 billion to USD 20.6 million (+16.1%) compared to the same... more
BDI at record high
The Baltic Dry Index (BDI), an index of the international dry cargo freight market, stood at 2,105 points on 17 March. The BDI thus reached its highest value since 4 September 2019, when it scored 2,518 points, the record in almost nine years.By size, the panamax index, covering... more
Span Alaska announces leadership transition
Span Alaska Transportation, a freight forwarder that is based in Auburn WA and offers transport services all over Alaska, has announced that Tom Souply will retire as president and assume a strategic development role as executive vice president for corporate development on 1... more
AIT Worldwide fills its war chest
Less than three months after taking over Fiege's IFF activities, AIT Worldwide Logistics has concluded its partnership with private equity group Quad-C Management. While Quad-C sold its full stake, the New York City-based middle-market financial firm The Jordan Company (TJC)... more