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
1,000 charter flights since March 2020
IAG Cargo ended 2020 with the departure of its 1,000th charter flight since March that year. The new service was introduced during the Covid-19 pandemic and utilises aircraft from the group that would, in normal times, not be available. This offering continues to be managed by a... more
Solar energy is cool
Protecting the environment has long been an important issue for Swiss provider Rhyner Logistik. It therefore takes great care to deploy eco-friendly utility vehicles in its transport services. The cooling units used on Rhyner trucks are powered via an auxiliary drive by... more