The return of the idle fleet? 
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
Next senior partner for SSY
Stanko Jekov, head of dry cargo at Simpson Spence Young (SSY), will be taking over as senior partner following Mark Richardson's announcement that he will retire at the end of this year. Jekov, who has been with SSY since 2002 and was made partner in 2010, has led the dry... more
Geopost/DPD Group picks Yves Delmas
Yves Delmas has been appointed CEO of Geopost/DPD Group and executive vice president of La Poste Group, member of the executive committee. Delmas has a 30-year track record within La Poste group, having held multiple management positions within the company’s parcel and... more
Freight wagons wanted - on loan
In Ukraine, millions of tonnes of grain are waiting for transport. Freight wagons will be urgently required for this purpose in the coming weeks. In its newsletter, the Swiss Association of Shippers (VAP) is therefore calling for free rolling stock to be made available for... more
More containers down the Rhine
In Q1/2022, throughput at the Swiss Rhine ports was just under 1.2 million t, 7.8% below Q1/2021 (1.26 million t). The big winner was the container sector with almost 37,000 teu (+31%). Export traffic recorded an uptick of 13.2% to 243,292 t, while import traffic, which is... more
Wincanton's best year since 2011
In advance of its results for the financial year ending 31 March 2022, UK-headquartered Wincanton has issued a preliminary outlook. While full year revenue is expected to be up 16.3% to GBP 1.4 billion, with 19.4% organic revenue growth y-o-y excluding the Cygnia Logistics... more
Fleet expansion with two Volvo trucks
UK-based Builders’ merchant Frank Key has added two new Volvo FL 250 4x2 rigid trucks to its delivery fleet. The 16 t FLs will be used for multi-drop deliveries across Nottinghamshire, Derbyshire, Yorkshire and Lancashire. The two new FL rigids offer two-step entry and are... more
Sustainable laurels for Valenciaport
Environmental sustainability is today's battle cry. In this context, the Port Authority of Valencia (PAV) has won a prize at the World Sustainability Awards, the “port Oscars” in environmental matters, granted by the International Association of Ports and Harbours (IAPH) in... more
XPO Logistics promotes Drew Wilkerson
XPO Logistics, a global provider of freight transport services, has promoted Drew Wilkerson to CEO of its planned spin-off of its tech-enabled brokered services platform. Wilkerson is a transportation industry veteran with 14 years of leadership experience in brokerage... more
Strong quarter for real estate
MLP Group, a developer, owner and manager of industrial and logistics parks, continued its positive trend in the first quarter of this year, as is shown in its Q1/2022 results. The value of investment property increased by 5.3% to around EUR 774.5 million and consolidated... more