Pemco rolls out new conversion programme 
Chisholm Enterprises, a provider of tailored aviation and business solutions in the Middle East, will be the launch customer of a new Boeing B737-700 next generation aircraft passenger-to-full freighter conversion programme announced by Pemco Conversions, a wholly owned... more
USA: forging ahead with Carolina Lines project
The US shortline railroad operator R. J. Corman and Horry County government in South Carolina, recently started to press ahead with the USD 17.5 million Carolina Lines refurbishment project, which is expected to take four years. R. J. Corman purchased the former Carolina... more
Revenue over USD 5 billion for YRC Worldwide
The Kansas (USA)-based logistics provider YRC Worldwide reported consolidated operating revenue of USD 5.092 billion for full-year 2018, while consolidated operating income amounted to USD 147.2 million, which included a USD 20.8 million net gain on property disposals. ... more
Redwood Logistics launches parcel service
Redwood Logistics, a full-service, strategically integrated logistics provider based in Chicago (USA), has launched a new service offering an integrated, cost-saving solution for parcel shipping. Redwood's parcel service implements a proven process that combines initial... more
K + N's Toronto branch obtains seafreight certification
Kuehne + Nagel’s branch in Toronto (Ontario, Canada), recently obtained a KN PharmaChain seafreight certification, the company’s 200th certificate worldwide. Kuehne + Nagel customers in Ontario can now benefit from certified capabilities along the entire supply chain.... more
Global freight capacity grows by 3.5% in 2018
The International Air Transport Association (Iata) released full-year 2018 data for global airfreight markets showing that demand, measured in freight tonne kilometres (FTKs) grew by 3.5% compared to 2017. This was significantly lower than the extraordinary 9.7% growth recorded... more
C.H. Robinson increased revenues to USD 16.6 billion
C.H. Robinson Worldwide reported financial results for the quarter and fiscal year ending 31 December 2018. Total revenues increased 11.8% to USD 16.6 billion, driven by growth across all transportation service lines. Income from operations totalled USD 912.1 million, up 17.7%... more
Brazilian cargo airline expands fleet
Backed by the private-equity firm DXA Investments, Modern Logistics (Brazil) is preparing to put a fourth B737F into commercial service in coming weeks. The logistics company, based in Jundiaí, São Paulo, also plans to add several more narrowbody freighters to its fleet... more
World Insurance Services appoints new CEO
World Insurance Services, a marine insurance provider for independent freight forwarders, has named former executive Monica Lee as CEO. Bryce Barnhart, who previously led the insurance facility, is now WCA’s vice-president of North America. World Insurance was created in... more
Strong Q4 rounds off a strong year
UPS has tabled its Q4 and full-year earnings for 2018. Total 2018 revenue increased by 7.9% to USD 71.9 billion on shipment growth; the revenue-yield expansion of 4.3% surpassed the 2017 yield by 200 basis points. The company opened 14 major facilities in the USA in... more