A second B777-300ER for P2F conversion
Avia AM Leasing, a global aviation holding company specialising in tailored aircraft leasing and trading services, has transported its second Boeing B777-300ER for passenger-to-freighter conversion. The contract has been awarded to Mammoth Freighters (“Mammoth”), a Boeing... more
Authorising a cross-border player
The Turkey-based Kita Logistics has obtained its authorised economic operator (AEO) licence. The certification is valid as of March 2024 and will facilitate the company’s customs processes. The AEO programme was launched by the World Customs Organisation in 2007 and seeks to... more
Teamwork gets goods on track
Industrial companies increasingly rely on the railways in Alsace. The port of Strasbourg is the second-largest inland port in France. Together with partners it wants to promote the development of rail transport more, and thus strengthen its position as an environment-friendly... more
Solent rail terminal opened
The new terminal augments the rail facilities at the Port of Southampton, (UK), and took 18 months to build. The opening of the hub marks the completion of the GBP 17.5 million (EUR 20.4 million) partnership investment between Associated British Ports (ABP) and Solent... more
Making "mini freighters" play the biggest role
Frankfurt-based trade-only charter specialist NEO has completed a programme of 20 charters using Metro, Saab 340, ATR42 and ATR72 freighters. These "mini freighters" with capacities between 2.1 and 9.2 t carried urgent automotive components from Portugal and Spain... more
Rail sector needs planning security
German’s rail sector generated a new record turnover of EUR 14.4 billion in FY/2023. Incoming orders rose by 57% to an all-time high of EUR 21.5 billion, the German Railway Industry Association (VBD) reported. At EUR 10.4 billion, the vehicle business remains the strongest... more
Pursuing sustainability and growth
Finnlines faced economic challenges in the EU in 2023, with revenue dropping to EUR 680.7 million, down 8% from 2022. Nevertheless, passenger travel on Finnlines vessels increased by over 17%. The Finnish shipping company completed its EUR 500 million green newbuilding... more
Status reports with GPS
The Europe-wide general cargo network Online Systemlogistik (OSL) has introduced the real time transmission of GPS data to improve the information on the status of the shipment. Previously, status reports were only sent by scanning. The GPS data now adds more details to the... more
Oceanis analyses impact of rising rates
In its state of ship finance report for Q1/2024, the Hamburg-based ship finance company Oceanis highlights potential risks in banks' pricing abilities. With rising interest rates, banks have seen increased profits, but strong shipping markets and competition for leverage have... more
Vacad re-elects chairman of the board
At their annual general meeting on 5 March 2024, the members of the German air cargo handlers' association Vacad re-elected all members of the executive board in recognition of their successful work over the last year. Claus Wagner, managing director of Frankfurt Cargo... more