OOCL doubles revenues in Q1/2021 
Hong Kong-based container shipping company OOCL, an affiliate of OOIL whose shares have been held by Cosco (90.1%) since 2018, started strongly in Q1/2021. Total volumes surged by 23.8% in comparison to the same period last year. In Q1/2020, barely 1.6 million teu were... more
Toll's Express brand to stay for two years
Toll Group is selling its global express business to Australian Allegro Funds, a private equity firm. The global express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New... more
Silk Way West wins award in South Korea
During its fifth annual award ceremony, South Korea's Incheon Airport (ICN), one of the world’s biggest air cargo hubs (see upcoming ITJ 19-20/2021, "Aviation supplement", p. 13) honoured Silk Way West Airlines with the prestigious 'cargo airline of the year 2020'... more
RZD strengthens position in Japan
Russian Railways (RZD) has opened a representative office in the Japanese capital Tokyo. The new location will represent the company’s interests in Japan, formulate proposals aimed at developing RZD Holding’s international business, promote transport and logistics services and... more
Strong environment for K+N
Q1/2021 brought large profits for Kuehne + Nagel. Net turnover (CHF 6 billion), ebit (CHF 431 million) and a CHF 318 million profit in this quarter were all significantly above the levels of Q1/2020. The positive turnaround, which had already begun in the second half of 2020,... more
Ceva: two air cargo services 
Ceva Logistics, the Switzerland-headquartered logistics arm of CMA CGM, has launched two new services. First, the company announced its Skycapacity programme, guaranteeing access to global air cargo capacity for customers in a volatile market. To this end, the company has... more
Back from Asia
Martin Wawra, currently managing director of Voith Turbo in China and the joint ventures with CRRC, is taking over the management of the mobility division and joining Voith Turbo’s management board from June this year. He replaces Cornelius Weitzmann, who will succeed Uwe... more
Increased UK-Australia frequencies
Consol Alliance is now serving Melbourne, Sydney, Perth and Brisbane 20 times per week from UK. All cargo is pre-palletised before presentation to carriers for added security, safer transits and faster handling. The airfreight consolidator is offering both door-door and... more
Big investment in China-Europe fleet
Rolling stock operator RB Group has ordered of 3,600 container flat cars from Russian manufacturer UWC. The freight cars will extend the group’s fleet of 1,500 flat cars and will use them for the China-Europe traffic. The chosen 13-6903 model has a length of 24.4 m and a... more
Doubling its size in Singapore
The demand is there. Aerospace logistics company B&H Worldwide is doubling the size of its operation in Singapore. The new facility is located adjacent to its existing operation within the ALPS Free Trade Zone at Changi Airport. It will provide significant additional... more