All-time high for truck deliveries
2022 was a record year for Volvo Trucks. The Swedish manufacturer delivered 145,195 trucks in 2022, an all-time high and an uptick of 19% from the 122,525 in 2021. Volvo Trucks also increased its market share in the heavy truck segment (≥ 16 t) in 41 markets globally. The... more
155,000 km rail tracks in operation
China invested CNY 710.9 billion (EUR 97.5 billion) in railway fixed assets in 2022, building and putting 4,100 km new rail tracks into service, including 2,082 km of high-speed routes. By the end of 2022, the country had 155,000 km rail tracks in operation, 42,000 km of... more
Promotions at MOL
Mitsui O.S.K. Lines (MOL; president & CEO: Takeshi Hashimoto) has proposed the following changes to its directors and executive officers, effective 1 April 2023. The reappointments of MOL’s directors and auditors are subject to approval at the annual shareholders’ meeting to... more
Twilight of the alliances
The end of 2M is looming, ringing in a new era. Maersk hasn’t revealed more than the fact that the decision was “thoroughly evaluated and was mutually agreed.” The end of 2M, due in 2025, is potentially highly explosive for the market. more
Iata: yields and revenue should stay stable
The International Air Transport Association (Iata) has released data for global air freight markets showing that demand in 2022 took a significant step back from 2021 levels but was close to its performance in 2019. Willie Walsh, Iata's director general, mentioned... more
Digitisation to drive air cargo hub in Goa
GMR Goa International Airport, a subsidiary of GMR Airports Limited (GAL), was inaugurated in December 2022, and the domestic air cargo operations went live from an interim facility at the airport, supported by a digital solution in January. Provided by Kale Logistics... more
A crane with "shark skin"
Lufthansa Cargo's D-Alfa, the world's first freighter to be equipped with "Aeroshark", took off for the first time on 3 February 2023, connecting Frankfurt with Bengaluru (India), from where it flew on to Chengdu (China). The innovative surface film that mimics the... more
Regular rail service for Chinese e-cars launched
Fesco Transportation Group has organised its first dispatch of new electric cars from the Chinese city of Guangzhou to Moscow in Russia. A batch of electric cars was sent off in two container trains. Starting from February, 50 forty-foot containers are scheduled to be... more
Westbound transatlantic air cargo in January
Despite high inflation and falling US retail sales, westbound air cargo volumes between Europe and North America rose 6% year-on-year in January but overall global air cargo demand continued to fall, down -8%, as an earlier Chinese New Year and economic headwinds subdued other... more
Iris and PIL engaged
The Philippines-based Iris Lines, formerly Royal Cargo Lines (RCLI), inked a joint service agreement with Pacific International Lines (PIL) in early February this year. This new Intra-Asia service will connect the Philippines to Singapore and Thailand. According to Iris... more