VTG completes long-term refinancing 
VTG Aktiengesellschaft has successfully completed the refinancing of the group’s capital structure, establishing a solid long-term basis for further investment in the business, said the German wagon hire company. The EUR 2.9 billion refinancing includes committed credit... more
Speculative real estate in Essen and Verden
In Germany, Panattoni has begun the construction of two speculative projects to put on the rental market. In Verden (Lower Saxony), the company is building a new logistics real estate with two halls on an 118,000 sqm plot. Also in May, building works started on a logistics... more
Peter Spuhler again CEO of Stadler Rail
Due to differences of opinion regarding Stadler's future strategy and organisation, the board of directors and the group CEO Thomas Ahlburg have decided to terminate the employment by mutual agreement. Until a successor is found, Peter Spuhler, executive chairman of the board of... more
Impact of pandemic on already struggling airports
Significantly later than in 2019 and 2018, Airports Council International (ACI) published last year's traffic figures of its 1979 member airports in 176 countries only last week, including a comparison of Q1 figures of 2019 and 2020. As for cargo, against a global... more
New "preighter" destination Shenzhen
Lufthansa Cargo is now offering up to fourteen additional cargo flights a week from Shenzhen to Frankfurt. The first aircraft, an A330-300 from Lufthansa, took off from the Pearl River Delta city last Monday, 18 May 2020. Around 3 million respiratory masks and other medical... more
China-Europe railfreight profits from Covid-19 crisis
China-Europe freight trains have taken on part of the transportation of goods formerly shipped by air and sea, fuelling growth despite the overall downward trend amid the Covid-19 epidemic. The number of China-Europe freight trains crossing the inland port of Alashankou in... more
Emirates expands scheduled and charter operations
Last Thursday, 21 May 2020, Emirates resumed scheduled service to nine passenger destinations, offering bellyhold cargo capacity to and from Chicago, Frankfurt, London Heathrow, Madrid, Melbourne, Milan, Paris CDG, Sydney and Toronto. Simultaneously, Emirates Skycargo... more
IRU: Follow the example!
The German parliament has voted to extend the existing exemption from road tolls for clean trucks, powered by CNG, LNG and electricity, until 2023. The International Road Union (IRU) welcomed this decision for a greener road transport and now calls on all governments around... more
Pall-Ex appoints owned operations director
Pall-Ex has appointed a new owned operations director following its recent acquisition in Cranleigh, Surrey, UK. Colin Hawkins has been promoted to the newly created position and will oversee all Pall-Ex’s owned operation depots including: Cranleigh Distribution Services,... more
A year with focus on consolidation
Freja Transport & Logistics Holding increased its turnover by 7.1% from 2018 to 2019. In 2019, total turnover amounted to DKK 3.34 billion (EUR 447.8 million). The result before tax was DKK 53.7 million (EUR 7.2 million) in 2019 compared to DKK 38.1 million (EUR 5.1 million)... more