Freight rates: price hike expected to continue 
The European road freight rate benchmark for Q4/2021 shows that prices ended 2021 at historic highs in Europe. The index stood at 108.3, 1.1 points higher than in Q3/2021 and 3.2 points higher than in Q4/2020. Q4/2021 is the 6th consecutive quarter of rate increases in Europe.... more
New Australian location for Geodis
Geodis is planning to open a new warehouse facility in Australia. The 4,500 sqm warehouse, which is due to be operational by H2/2022, will feature 4,000 pallet locations, 1,500 sqm of bulk space, and a cool room for perishable goods supply to marine and hospitality logistics... more
Royal Brunei Airlines extends GSA partnership
ECS Group has secured a two-year contract extension with Royal Brunei Airlines and will represent the airline’s cargo division at a variety of online and offline destinations across nine territories: S.E Asia, Australia, China, Middle East/Saudi Arabia, New Zealand, India, USA... more
ONE's volumes on the rise
The Japanese carrier Ocean Network Express, which is headquartered in Singapore, forecasts strong results for 2021. In Q3/2021, ONE's profit increased to USD 4.9 billion compared to the same period last year (+USD 3.945 million) mainly due to the rise in the spot freight market.... more
A bright future for the logistics market
Dublin-based intelligence provider research and markets has published its latest "Global Logistics Market Report and Forecast 2022-2027’". According to its findings, the global logistics market reached a business value of about USD 9,525 billion in 2021. Driven by... more
Gazprom trials LNG-powered locomotive
Sinara Transport Machines Holding (STM) has received the Russian certificate of conformity for the TEMG1 shunting locomotive with two power plants running on liquefied natural gas (LNG). The new locomotive has successfully passed all the necessary certification tests for... more
Bengaluru 2021: highest-ever cargo tonnage
Kempegowda Intl Airport, Bengaluru (BLR Airport) handled an all-time high tonnage of 406,688 t of cargo in 2021, recording a significant growth of 28.6% versus 316,305 t in 2020. International cargo recorded an increase of 32.8% with 265,873 t handled, as compared to 200,209... more
Changes at Mitsui O.S.K. Lines
Mitsui O.S.K. Lines, (MOL; president & CEO: Takeshi Hashimoto) is planning several promotions in its management team. The changes are subject to approval at the annual shareholders’ meeting which will be held on 21 June 2022. MOL will establish the position of “group... more