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
US Transworld Logistics wins award
US Transworld Logistics is pleased to report it has been presented with the 'Emerging Company Award 2020' at the ‘Indian Achievers Awards’, organised by the Indian Achievers Forum.The honour was handed over to Uttam Singhal, CEO of US Transworld Logistics, in recognition of its... more
China rail service now direct to UK regions
As bookings on its weekly fixed-day rail option from China to the UK are continuing to increase, the English forwarder Davies Turner is adding direct services from China to destinations in the UK. The weekly service leaves the Hefei rail hub (China) for Neuss (Germany), from... more
Swiss Worldcargo further expands summer timetable
Swiss Worldcargo will expand its summer timetable until the end of October 2020. The cargo division of Swiss will add new destinations to its network in the coming weeks, connecting Switzerland to Canada once again with the launch of flights to Montreal, beginning 14 July.... more
Air Canada to introduce Istanbul
Starting tomorrow, 11 July 2020, Air Canada Cargo will serve Istanbul twice a week operating a cabin-loading A330-300, with one flight each from Montreal and Toronto. New or additional flights have also been launched to Amsterdam, Athens, Brussels, Dublin, Geneva, London,... more
Air cargo network for perishables
Hong Kong based Neutral Air Partner (NAP) and UK’s Peter Shepherd Consultancy have joined forces to launch Perishable Logistics Network, a brand-new perishable focused logistics network. Perishable Logistics Network (PLN) will be empowered by NAP and will be targeting... more
Change of CEO at Alog
The board of directors of Ara Logos Logistics Trust Management (Alog) has announced that Daniel Cerf will step down from his role as CEO. His last day of service will be 14 August 2020. He will be succeeded by Ms. Karen Lee Kiah Ling with effect from 15 August 2020. Karen... more
CBP catches smugglers on the wrong foot
US Customs and Border Protection (CBP) officers recently made important seizures of counterfeit fashion and apparel products. On 30 June 2020, officers in Louisville intercepted two packages from Hong Kong that contained 648 counterfeit belts. Labelled as Gucci and Ferragamo,... more
Moody's mood worsening
It comes as no surprise that the rating agency Moody's sticks to its negative outlook for the global shipping sector for the coming 12 to 18 months. The outlook has been negative since March 2020. Yet, Moody's investors' service now draws an even gloomier picture in a new... more
Qube Holdings elects new director to its board
Jackie McArthur has been appointed to the board of directors of Qube Holdings effective from 17 August. She has more than 20 years of experience at executive and board level roles in the following fields: general management and strategy, supply chain and logistics, operations,... more