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
Three stand united for hydrogen
Ardmore Shipping, owner and operator of tankers, Element 1 (E1), headquartered in Bend, Oregon, and Maritime Partners, headquartered in New Orleans, have formed an equal share partnership called "e1 Marine" to bring E1’s methanol-to-hydrogen technology to the marine... more
Responding 24/7 with a new product
Air France KLM Martinair Cargo has launched a new product to ensure that Covid-19 vaccines get the special attention they require. Launched this week after a trial period in selected countries, the "customised Covid vaccines" solution is globally available for all... more
No CO2 emissions on charter flights
According to the Environmental and Energy Study Institute, the US EPA reports that aircraft contribute 12% of the nation's transportation emissions and account for 3% of the USA's total greenhouse gas production. By 2050, it is estimated that global commercial aircraft... more
XPO gives birth to GXO
US-headquartered XPO Logistics has created an umbrella spin-off of the group’s logistics business. The new company is to be named GXO Logistics. Brad Jacobs, current chairman and CEO of XPO Logistics, emphasised that the group's recent investments in technology have launched GXO... more
Ontario trials autonomous truck driving
Ontario's government in Canada has budgeted CAD 3 million (EUR 2.025 million) to support retailer Canadian Tire and autonomous driving company Nuport to undertake an automated heavy duty trucking project. The two-year project is applying proprietary, artificial intelligence... more
General cargo's global growth potential
According to air cargo analyst WorldACD, February showed a worldwide year-on-year (YoY) weight increase of 1.1%, accompanied by a yield/rate increase in USD of 84%. After a strong volume drop in the middle of the month, the end of the month showed a strong recovery. In all... more