XPO announces senior leadership for spin-off 
XPO Logistics has chosen the senior leadership team for the intended spin-off of the company’s logistics segment. The global provider of transportation and logistics solutions expects to complete the spin-off in the second half of 2021, creating a separate, publicly traded... more
Brussels airport at the crossroads
Brussels airport has signed a memorandum of understanding (MoU) with India's Spicejet for providing transportation of Covid-19 vaccine. Both partners will jointly work with the government, pharma companies and forwarders to ensure a reliable ecosystem for vaccine delivery in... more
Perfect storm pushes DHL's results
With its preliminary group results for 2020, logistics group Deutsche Post DHL Group has confirmed that Covid-19 was an important driver for business last year. At EUR 4.84 billion, consolidated ebit surpassed the result originally forecast by more than 9%. The growth of... more
Sky Lease must pay USD 422,000
The US Department of Transportation’s Federal Aviation Administration (FAA) proposed a USD 422,500 civil penalty against Sky Lease of Miami, FL, for allegedly operating two B747 freighters on dozens of flights - within the USA as well as to and from countries including Bolivia,... more
Bison moves to new pastures
At the turn of the year, 30-year old Bison Transport, one of Canada’s major logistics and trucking companies, was taken over by James Richardson & Sons, an agricultural and industrial conglomerate also from Canada. Bison’s affiliates H.O. Wolding, Searcy Trucking and Britton... more
New main investor for Seko Logistics
Greenbriar Equity Group, a New York-based private equity firm with investments in the global logistics industry and Seko Logistics' key shareholder since 2015, has sold part of its shares, but will continue as a minority investor. Seko, a US-American global freight forwarder... more
BAI: air freight volatility remains rife
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
Rail company expands in Utah
Patriot Rail has finalised the acquisition of short line operator Salt Lake Garfield & Western Railway (SLGW) in Utah, USA, and its related entities Caballero and Caballero, storage and transload service providers. SLGW currently handles more than 6,000 loaded railcars... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
US transport minister resigns
After the events of last Wednesday in Washington DC, US Secretary of Transportation, Elaine Chao, has written the following letter. "Dear Department of Transportation colleagues Yesterday, our country experienced a traumatic and entirely avoidable event as supporters of... more