Ceva Logistics narrows losses 
In its consolidated results for 2020, Ceva Logistics, the logistics arm of CMA CGM, shows an 4.1% increase in revenue to USD 7.4 billion and an operating income of USD 135.0 million, four times more than the USD 31 million in the prior year. Losses for the period narrowed to... more
Board of directors seeking new chairman
Urs Schwaller, chairman of Swiss Post's board of directors since April 2016, has decided to step down from his role as of 1 December 2021. "It’s the right time for Swiss Post and for me," the 68 year-old manager said. "We have systematically rectified past... more
Serving Unicef Emergency Fund globally
Turkish Cargo is supporting the battle against the pandemic by carrying Unicef Emergency Fund's Covid-19 vaccines and health equipment all around the world. The carrier just recently delivered 1.7 million doses of vaccines from India to Kinshasa, in cooperation with global... more
Equipment for Yilport portfolio
The Yilport Holding has ordered 27 new Kalmar machines to be spread across its ports and terminals: 11 reachstackers, four empty container handlers and 12 heavy terminal tractors. Delivery of all machines is scheduled for Q3 and Q4/2021. Currently, the Yilport Holding... more
China–Zurich direct
Next Friday, 19 March, the Swiss logistics company Tibbett-Britten is launching its new container rail service. The train will run directly from Xian (China) to Zurich (Switzerland).The service allows customers to load LCL rail consignments from China into consolidated... more
From Sweden down south
Starting 12 March, a new direct service will link the Port of Gothenburg with South Africa and Oceania. The Norwegian shipping company Höegh Autoliners will operate the connection on a weekly basis. The “Höegh Trigger” is the first unit which will serve the link, together... more
Only slight drop in sales despite pandemic
Swiss rail vehicle manufacturer Stadler Rail expects a quick return to normality as the negative effects of the pandemic begin to fade away. For 2021 the company forecasts an order intake of around CHF 4 to 5 billion, a turnover between CHF 3.5 and 3.8 billion and an ebit margin... more
Frankfurt and Hong Kong going high
Despite one day less than the same month the year before, February 2021 cargo traffic at Frankfurt airport (FRA) grew 21.7% to 180,700 t, of which 177,200 t were airfreight (+24%). During the first week of the month, right before Chinese New Year, there was a peak of 49,800 t -... more
KLU studies burnout
Kühne Logistics University (KLU), a state-accredited private university based in Hamburg’s HafenCity, has investigated the relationship between career status and the risk of burnout. Published in the international Journal of Business and Psychology, the study was conducted by... more
A lot of money for Lineage Logistics
Lineage Logistics, a major player in temperature-controlled logistics since 2008, has raised USD 1.9 billion in equity from new and existing strategic partners for investments in facilities and technologies. Among the investors are Bentall Green Oak, D1 Capital Partners,... more