Deutsche Post DHL group is in heaven 
In 2021, Deutsche Post DHL Group generated revenues of EUR 81.7 billion, an uptick of 22.5% compared to 2020. Earnings almost doubled to EUR 8.0 billion (2020: EUR 4.8 billion) and the ebit margin increased to 9.8% (2020: 7.3%). Consolidated net profit after deduction of... more
CMA CGM making it big
CMA CGM has reported its audited results for 2021. Achieving almost USD 56 billion in revenues (+78% compared to 2020), the net income went up to USD 17.94 billion (almost tenfold, +910% compared to 2020). Containerised shipping was highly profitable, standing for a total of USD... more
Rhenus puts four LNG trucks into operation
Rhenus and its customer Evonik are banking on sustainable transport operations: for transport services in Germany, notably between Evonik’s production site in Essen and the haulier’s logistics warehouse in Düsseldorf, Rhenus recently introduced four Iveco trucks powered by... more
"No soup for you," says CBP
The shipment may have been manifested as chicken vegetable soup, but Philadelphia US Customs and Border Protection (CBP) officers soon realised that the brothy bouillon before them was canned criminal consommé. While inspecting international express delivery parcels, CBP... more
From UPS to Cretschmar Cargo Süd
Andre Petri is the new head of corporate sales at Cretschmar Cargo Süd (CCS), a freight forwarder based in Düsseldorf, Germany. Petri’s previous position was senior account manager at United Parcel Service (UPS) Germany, where he was responsible for key account management and... more
DPD 2021 in full swing
France-headquartered DPD group, an affiliate of Geo Post, has reported its results for 2021. Revenues amounted to EUR 14.7 million, a 14.8% increase compared to 2020, while operating profit went up by 25%, passing the mark of EUR 1 billion (EUR 1.06 billion). 2.1 billion parcels... more
Series B funding round raises USD 40 million
Berlin-headquartered start-up Instafreight recently closed is Series B funding round at USD 40 million. The financing round was led by Heliad and the European Investment Bank (EIB). All previous investors also participated in this round. EIB vice president Ambroise Fayolle... more
Rail bridge to ship relief supplies to Ukraine
In Germany, DB Cargo and DB Schenker have set up a logistics network in cooperation with Polish and Ukrainian railway companies to ship relief supplies by truck and rail from Germany directly to Ukraine. Donations are collected in Germany by truck, packed into containers and... more
Cargobeamer strengthens management
Cargobeamer, an operator of unaccompanied transport of non-cranable semi-trailers in Europe, has appointed manager Boris Timm (left) as COO. Timm will also join the company’s executive board. He recently served as head of intermodal Europe at Amazon and spent many years at... more
Finnair finds ways to Asian cargo hubs
Finnair is updating its traffic programme after the closure of Russian airspace. With cargo prices still rising, the company can continue its passenger services to its key Asian markets despite the longer flight times. Finnair is still serving Seoul and Shanghai from its... more