Balanced cargo streams in Oakland 
July turned out to be a good month for the Port of Oakland close to San Francisco (USA). Containerised import shipments jumped 6.4% in July compared to 2019 totals. The step up followed a 1.9% increase in June. The good news was tempered by a 6.4% decline in July export... more
Smart Global Holdings names Mark Adams as CEO
Mark Adams will join Smart Global Holdings as president and CEO effective 31 August. In these functions, he will also serve on the company’s board of directors. Ajay Shah, Smart’s current president and CEO, will continue to lead the board as executive chairman. “I am excited... more
Gecas' additional orders relieve Boeing
Gecas (GE Capital Aviation Services) has signed an agreement with Boeing converting 11 B737-800 Converted Freighter (BCF) options to firm orders and adding nine more options to its orderbook. This is a repeat order from GE's commercial aircraft leasing and financing arm for... more
Promoting rail-ready sites at the Chicago link
US transport company Omnitraxis is working with the Calumet Area Industrial Commission (CAIC) to launch its rail-ready sites programme at the Chicago Rail Link (CRL). The first two sites are ideal locations for automotive manufacturing, steel fabricators and finishers, food... more
Samsung Mexicana orders Flexi fleet
Narrow Aisle has a contract to supply a fleet of its latest electric-powered Flexi Lithion articulated forklift trucks to Samsung Mexicana for operation in the company’s Tijuana plant, where semi-conductor devices and electronic components for the automotive and consumer sectors... more
Air Canada Cargo's revenue soars
Strong demand in the second quarter netted outstanding results for Air Canada Cargo, which reported a revenue increase of 52% in this period (USD 200.7 million) over Q2/2020. Calin Rovinescu, Air Canada's president and CEO: "For the first time ever, our cargo revenues... more
3PL e-commerce business flourishes
According to Armstrong & Associates’ (A&A) newest report, e-commerce continues to be the most rapidly growing third-party logistics (3PL) segment. Retailers rely on Amazon and third-party logistics providers to help manage omnichannel and e-commerce operations.... more
Bolloré Logistics picks CEO for Latin America
Bolloré Logistics has appointed Hector Midolo as CEO Latin America. Midolo is an accomplished logistics executive with a career of increasing responsibility and a proven track record of over 30 years in the region. Bolloré Logistics is present in six countries in Latin... more
North American main-deck providers post excellent results
Atlas Air Worldwide Holdings, which has the highest number of Boeing B747s in its fleet (53 units, 44 of which are freighters), has posted a net income of USD 78.9 million in Q2, (USD 86.9 million in Q2/2019). Its adjusted ebitda came to USD 247 million (USD 84.1 million in... more
Hapag-Lloyd weathers H1 well
The Hamburg-based carrier Hapag-Lloyd improved its financial result significantly in H1/2020, but lost volumes. While revenues rose by 2,5% to EUR 6.4 billion (EUR 6.2 billion in H1/2019), earnings before interest and taxes (ebit) surged by 14% to EUR 511 million, thereby... more