Tony Mathews joins Dronamics 
Dronamics has appointed aviation expert Tony Mathews as strategic advisor. With more than 45 years in the aviation industry, Mathews brings a wealth of regulatory and regional economic expertise, most recently having led the civil aviation safety authority in Australia as... more
2021 a pushy year for Liebherr
In 2021, the Liebherr Group achieved a total turnover of EUR 11.6 billion which corresponds to a rise of 12.6% or EUR 1.3 billion compared to the previous year. The group was thus almost able to match its previous record year in 2019 in terms of annual turnover. Net profit for... more
Speed along Hungary-Serbia railway increased
The Belgrade-Novi Sad section of the Hungary-Serbia railway has recently been put into operation. It marks significant progress on the Hungary-Serbia Railway, a project jointly constructed by China and Central and Eastern European countries. The new stretch shortens the... more
Smiling faces in Hong Kong
2021 was good to Kerry Logistics. In its annual results, the Hong Kong-based group reported revenues amounting to HKD 81.7 billion (USD 11.2 billion), a rise of 53% compared to 2020 (HKD 53.3 billion). Operating profit clocked in at HKD 6.2 billion (USD 790 million), an increase... more
Australia to expand intermodal facilities
Australia’s new federal budget includes an AUD 3.8 billion (EUR 2.57 bn) investment in the country’s intermodal infrastructure. The Australasian Railway Association (ARA) has welcomed the budget’s recognition of the importance of rail freight to the nation’s supply chain. The... more
740 km of Indian network electrified
Konkan Rail, one of the biggest rail networks in India, is moving towards net zero carbon emission: In its efforts to electrify its entire broad-gauge network, Konkan Railway has accomplished the 100% electrification of all its 741 km route network in India. The foundation... more
French takeover in Singapore
Singapore-based Keppel Logistics is to be Geodis' next acquisition. The takeover is designed to increase the French Group's contract logistics footprint and e-commerce fulfilment services in Singapore and Southeast Asia, as CEO Marie-Christine Lombard said. Keppel Logistics... more
HMM nominates Kyung-bae Kim
HMM has selected Mr. Kyung-bae Kim, the former Hyundai Glovis CEO, as the final candidate for the next HMM CEO. Kim is regarded as a logistics expert who had led the steady growth of Hyundai Glovis while serving as chief executive of the company for about nine years. With... more
Inner Mongolia now linked with Laos
China has launched a new cross-border rail service between Inner Mongolia and Laos. Transport time on the China-Laos railway is reduced by about half compared to previous road haulage services. The first freight train, loaded with 37 t of automobile accessories, recently... more
John Menzies deal fixed
The deal is inked. Agility and John Menzies PLC have reached agreement on the terms of a recommended cash offer for the takeover of 100% of the ordinary shares of the latter. The deal values John Menzies at approximately GBP 571 million (EUR 675 million) on a fully diluted basis... more