Unprecedented profits continue 
The Copenhagen-based maritime consultancy Sea-Intelligence reported that the eleven largest shipping lines generated combined operating profits of USD 13.3 billion in H2/2020. Results for the large shipping companies remained equally strong in Q1/2021. While the first... more
Czech carrier receives 35 wagons
Ermewa has extended its long-standing cooperation with its business partner, Czech railroad company Carbosped, by signing a contract for the lease of 35 new Eanos railfreight cars. Carbosped will use the leased wagons to carry coal from Rotterdam to Ostrava in Czechia. The... more
Cars made in Romania shifted to rail
Gefco and Renault have extended their agreement for the Mioveni-Constanta and Constanta-Bucharest finished-vehicle (FVL) flows for a further three years and retained FVL flows to Italy and Belgium. To achieve commercial optimisation and synergy with the existing flows, the... more
Big money for Paycargo
Freight payment platform Paycargo has found more investors. A USD 125 million Series B investment was secured by global venture capital and private equity firm Insight Partners. The freight payments network currently counts 67,000 active users remitting and receiving... more
Cargo iQ: new board members to continue strategy
Cargo iQ, a cross-stakeholder supply chain quality management organisation, recently appointed two new board members, Fedor Nokikov (photo) as marketing director at Volga-Dnepr Group and Clark Fritzsch as global head of business process management at Hellmann. It also re-elected... more
CNH Industrial finds CEO for On-Highway
CNH Industrial has named Gerrit Marx as the designated CEO of its On-Highway business, which is soon to be spun-off. Independent operations are set to start in early 2022, with Marx at their head. On-Highway will include the brands Iveco for heavy, medium and light... more
New partnership for zero emissions
The European Commission and the Waterborne Technology Platform have inked a memorandum of understanding (MoU) for a co-programmed partnership within the Horizon Europe framework. The partnership will provide and demonstrate zero-emission solutions for all main ship types and... more
The art of logistics
At its Somaglia site in Italy, Ceva Logistics turned a logistics park into an open-air, urban art gallery. As part of the Prologis Parklife initiative, eight internationally Italian urban artists used 40,000 sqm of building facades and water tanks as canvases to create works of... more
More eco-transports by train and gas truck
ÖBB Rail Cargo Group (RCG) and Lamborghini are launching a new railfreight link for transporting Lamborghini Urus bodies from the VW plant in Zwickau, Germany, to Lamborghini’s headquarters in Sant'Agata Bolognese near Modena in Italy. With a transit time of only 48 hours,... more
ONE to certify land operations
Following Ocean Network Express’ (ONE) ISO 14001 certification in marine operations in 2018, the company’s affiliates in Europe and Africa plan to obtain the same accreditation but this time enhancing their environmental performance of landside operations as well. The ISO... more