VTG places green bonds 
VTG in Germany has placed corporate bonds totalling EUR 746 million on the American and European equity markets. For the first time in the company’s history, these bonds are “green private placements.” In accordance with the criteria of the “climate bond initiative”, the... more
Edwards to lead VPA
Stephen Edwards is to become the next CEO and executive director of the Virginia Port Authority (VPA). He will assume his new responsibilities from 19 January 2021. Currently he is president and CEO of TraPac, which operates container terminals in Los Angeles, Oakland and... more
Astral leases first B767F with ATSG
Through its Cargo Aircraft Management subsidiary, Air Transport Services Group (ATSG), a major USA-based provider of aircraft leasing, air cargo transportation and related services, has delivered a B767-200 converted freighter to Astral Aviation (Kenya) under a five-year lease.... more
Patriot Rail expands in Utah
In the USA, Patriot Rail has entered an agreement to acquire US short line operator Salt Lake Garfield & Western Railway (SLGW) and its related entities Caballero and Caballero 2, storage and transload service providers. Financial terms were not disclosed. The transaction is... more
UPS performs as expected
For Q3/2020, Atlanta (GA)-based UPS reported revenues of USD 21.2 billion, a 15.9% increase compared to Q3/2019. For the first nine months of 2020, consolidated average daily volume increased by 13.5% in comparison to the same period in 2019. Net income amounted to USD 2.0... more
New RTG for Manila
Eight new hybrid rubber-tired gantries (RTG) were recently delivered to the Manila International Container Terminal (MICT), the flagship of the Filipino terminal and port operator International Container Terminal Services, Inc. (ICTSI). Manufactured in Japan by Mitsui... more
Celebrating anniversaries in Brazil and Belgium
Emirates Skycargo passed key milestones in its global freighter operations recently. The cargo division of Emirates has just completed ten years of operating dedicated cargo flights on its B777F to São Paulo Viracopos (VCP) and five years to Brussels. The Dubai-based carrier... more
Shopify Canada in the black with record Q3
The wave of e-commerce has also advanced the business of Shopify, a proprietary e-commerce platform for online stores and retail point-of-sale systems. In Q3/2020, the Ottawa-based company, which keeps its books in USD currency, posted revenues of USD 767.4 million, a... more
Cargo business up in the North
Cargo operations remained strong as Winnipeg airport (Manitoba Province, Canada) and partners helped move vital goods in and out of the community. The number of cargo plane landings increased by 1.85% in Q3/2020 compared to the same period in 2019. The airport also welcomed a... more
Maritime goes smart
The maritime industry in general is changing fundamentally as vessels transform into sophisticated sensor hubs, generating data and connecting through satellites in an expanding interconnected web. To enable the uptake of these systems and unlock the associated efficiencies,... more