Avianca's financial moves 
Minneapolis-headquartered global alternative investment firm Castlelake, which set up Castlelake Aviation in September, has completed the sale and leaseback of six A330-200 freight aircraft to Avianca with a ten-year lease term. Francisco Raddatz, VP of fleet at Avianca:... more
Large investment in intermodal equipment
Russian transport group Fesco has acquired nine thousand new containers, bringing its fleet up to more than 100 thousand teu. Three thousand forty-foot and one thousand twenty-foot containers have already been built at the factory in Dalian in China and delivered to the Fesco... more
Swiss back to normal service
In order to be able to transport additional medical supplies during the most intensive period of the pandemic, Swiss International Air Lines removed a total of 810 economy class seats from three of its B777-300ERs in spring 2020, for the first time in its history. This... more
Mega merger for Cargotec and Konecranes
Cargotec and Konecranes are merging to create a global player in sustainable material flow. The merger is expected to take place by the end of H1/2022. “Today marks a major step forward for our companies,” said selected future company president and CEO Mika Vehviläinen. The... more
Reducing age of fleet to under two years
Würfel Spedition in Germany, which specialises in jumbo swap body transports, has expanded its own truck fleet with several new DAF XF 480 swap body vehicles with bodies from SDG Modultechnik. The investment is part of the regular fleet modernisation. The average age of... more
ABCargo chooses CargoAi as worldwide partner
Russian air-cargo carrier Air Bridge Cargo Airlines, one of the top international cargo airlines worldwide, is making its entire worldwide capacity offer available on www.CargoAi.co. Air Bridge Cargo, part of Volga-Dnepr Group, is now linked up the air cargo digital... more
Ateia-Oltra re-elects Manuel Herrera
Ateia-Oltra, the association of freight forwarders, international forwarders and other providers in the province of Las Palmas, representing the logistics, transport and customs handling sector, held its ordinary general assembly on Thursday, 4 November 2021, with the... more
Growth potential in Turkey
With its position as a hub between Europe and Asia and its business potential, Turkey is an important growth market for ÖBB Rail Cargo Group (RCG). The rail company will therefore take part in the international Logistrans trade fair in Istanbul again this year - (from 10 to 12... more
More P3 in Spain
Logistics real estate developer P3 Logistic Parks has invested in the Mediterranean corridor and acquired a Spanish logistics portfolio from a joint venture between KKR, Round Hill Capital and Pulsar Properties, for an amount of EUR 108 million. The estate includes around... more
Arkas launches seasonal service
Turkey-based Arkas Line recently launched direct reefer dedicated services from Samsun and Mersin to Novorossiysk, driven by rising demand for perishable product shipments from Turkey to Russia. The Samsun Novorossiysk service, named SNS, began in mid-October and deploys the... more