Annual profit around SGD 1 billion 
Frasers Property has reported its financial results for its financial year ended 30 September 2022 (FY 2022). Panote Sirivadhanabhakdi, Group CEO, commented that the group was “able to deliver improved operating performance over the course of FY 2022." Primarily... more
From DHL to Instafreight
Instafreight, a log tech company specialising in European overland transport, has appointed Martin Leopold to the newly created position of chief financial officer (CFO). Leopold joins the company from industry giant DHL Freight, the logistics arm of Deutsche Post. His task... more
HS2 to save 300,000 truck journeys
The first freight train arrived at HS2’s newest Bucks construction hub in UK as the high speed rail project confirmed that the new facility is expected to take the equivalent of 300,000 truck movements off local roads. Situated on an existing freight line north of Aylesbury,... more
MacGregor not to be sold
The Nasdaq Helsinki-listed Cargotec has suspended its sales activities for its business line MacGregor. The company is also maintaining the conclusion drawn from its internal evaluation that "MacGregor will not be part of Cargotec’s portfolio in the future" and will... more
In-house software for Dachser
Digitalisation is making progress. Dachser has acquired an unspecified majority stake in the software provider Kasasi in Germany. The full takeover will be completed in a series of intermediate steps by 2026. Like Dachser, the medium-sized company Kasasi, which employs 50... more
Claus-Oscar Herzig wins German order of merit
Claus-Oscar Herzig (right), former chairman of the Hessen Association of Road Haulage and Logistics, has received Germany’s federal order of merit first class. District president Mark Weinmeister (left) of the Kassel administrative district presented the order at the castle... more
Two more calls for ships from Stockholm
Sun Line Shipping has launched a new service to call Rotterdam, Stockholm and Hull. In November, the shipping company, a subsidiary of Thor Svecon Group (TSG), increased its fleet and introduced the container ship “Perseus” on the route. The vessel has a 660 teu cargo capacity... more
Air Canada Cargo makes horses fly
Introducing a specialised service for equine transportation with its Boeing 767-300 freighters, Air Canada Cargo will use stalls that are specifically designed to transport prized horses, with up to three animals per unit. The stalls are provided by Unilode, Air Canada’s... more
Broekman and Liebherr form partnership
Liebherr Logistics is expanding its international footprint by partnering with Broekman Logistics to set up its first new location in the Netherlands. The intra-group logistics service provider currently supplies 70 sales companies and their global customers with spare parts... more
More support for UN Global Compact initiative
Canadian National Railway (CN) has joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. Launched in 2000, UN Global Compact is the largest corporate... more