Panalpina betters bottom line 
Panalpina presented mostly positive figures for 2018 at its headquarters in Basel (Switzerland). The takeover offer tabled by DSV and the possible collaboration with Agility were not mentioned. CEO Stefan Karlen said the two topics were matters for the board of directors.... more
Sweden: railfreight traffic flourishes in 2018
Around 398,000 teu were transported by rail to/from the port of Gothenburg (Sweden) in 2018. The number of rail containers shipped to/from the port rose by 13%, compared to 2017. The increase actually surged to 27% in Q4/2018. That improvement can be compared with the... more
Forthcoming amendment to K+N board
Jürgen Fitschen and Hans Lerch, who have served on the board of directors of Kuehne + Nagel International (K+N) for eleven and 14 years respectively, will step down at the company’s annual general meeting on 7 May 2019, and not stand for re-election to the said board. David... more
Europa expands hub in preparation for Brexit
Three years after its inauguration, Europa Worldwide Group, a major supplier of logistics services, has invested GBP 2 million in a reconfiguration programme at its hub in Dartford (United Kingdom). The upgrade was part of a long-term strategy to expand the site to meet growing... more
Andreas Behnke to head Swissport Basel
Swissport has appointed Andreas Behnke as CEO and station manager at Basel’s trinational Euroairport. In his new role, he will be responsible for all the company’s activities in the airport ground services, air cargo handling, executive aviation and lounge hospitality sectors.... more
BUD Cargo City gains another lessee
The Austrian logistics services provider cargo-partner will lease facilities at BUD Cargo City, the forwarding hub at Budapest airport, which will open at the end of 2019. The hub will comprise 7,500 sqm of storage space as well as offices. The airport is investing EUR 32.6... more
Hermes Logistics Technologies augments teams
Hermes Logistics Technologies (HLT) is continuing to expand its teams in India and the UK as its flagship cargo management system, Hermes 5 (H5), is adopted by cargo ground handlers, airlines and airports across the globe. Yuval Baruch, CEO, HLT: “We are growing our teams in... more
Launching new train on Silk Road
Metrans, part of HHLA, will launch a new intermodal service along a section of the new Silk Road, running from Malaszewice (Poland) to Ceska Trebova (Czechia), from 10 March 2019, with two roundtrips a week. This regular connection will offer significant time and cost... more
Ceva cuts debts and raises revenue
Ceva Logistics has reported its results for Q4/2018 and full year 2018. Revenue rose to USD 7.35 billion in 2018, 5.2% more compared to the previous year. The group’s ebitda was USD 198 million in 2018 with an ebitda margin of 2.7%. Net debt was down to USD 1.19 billion as... more