Paycargo strengthens team 
After welcoming two new vice presidents in December 2020, Paycargo, the financial platform and payments network for the global supply chain industry, has appointed Michael White to its board. Bringing more than 25 years of experience in the air freight sector, having... more
Lease conversion of a second B747-8F
Stamford (CT, USA)-based Voyager Aviation Holdings has entered into an agreement with Air Bridge Cargo Airlines (ABC) and Volga-Dnepr Group to convert the operating lease on one of the Russian's company’s B747-8F into a finance lease. The transaction is the second conversion... more
Port director resigns
Ports of Indiana announced Ian Hirt’s resignation as port director of Indiana-Burns Harbor, effective 3 May 2021. While he is retiring to the private sector, as he said in his statement, the Ports of Indiana are looking for a suitable replacement. The state-wide port... more
Big deal in North America
Canada-headquartered TFI International is buying UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) divisions of United Parcel Service for USD 800 million on a cash-free, debt-free basis before working capital and other adjustments. Amongst others, TFI... more
New in Newark
Jon Menges has been appointed as the general manager of Aeronet Worldwide’s Newark station. The 1,700 sqm facility is located in Carteret, near EWR and JFK airports, and the Port Newark container terminal.Menges has over 20 years of experience in shipping, logistics and... more
Japanese go safe with cool chain provider
ANA Cargo, the core air freight business of ANA Group, has partnered with CSafe Global, to introduce its active air cargo containers to the carrier's "prio pharma" line-up. The first and only Japanese airline to receive Iata CEIV Pharma (2017) certification for its... more
US class I railways invests in core network
BNSF’s 2021 capital investment plan totals USD 2.99 billion. The largest component will be to replace and maintain BNSF’s core network and related assets, the US class I railway said. The maintain projects include nearly 17,700 km of track surfacing and/or undercutting work... more
Clarksons’ overview on newbuilds
In 2020, global orders for newly-built ships amounted to 53.9 million dwt, 29% less than in 2019, according to current data from Clarksons Research. The decrease in orders for bulk carriers was particularly strong, with a drop of 58%, or a total of 13.5 million dwt, compared to... more
Loop Energy picks CCO
Loop Energy, a mobile-power company from Vancouver (Canada) that provides zero-emission power systems for medium to heavy-duty transportation applications, has appointed George Rubin as new chief commercial officer. Effective 1 January 2021, he also joined the executive... more
Eco-friendly air cargo
Bolloré Logistics has joined the Sustainable Aviation Fuel (SAF) programme of Air France KLM Martinair Cargo for its 2021 shipments between Paris CDG and New York JFK. This first of its kind collaboration illustrates the ambition of these two historical partners to tackle the... more