Annual profit around SGD 1 billion 
Frasers Property has reported its financial results for its financial year ended 30 September 2022 (FY 2022). Panote Sirivadhanabhakdi, Group CEO, commented that the group was “able to deliver improved operating performance over the course of FY 2022." Primarily... more
IRU: Euro 7 rules need to be pragmatic
The European Commission is proposing new Euro 7 standards to reduce pollutant emissions from vehicles. The International Road Transport Union (IRU) cautiously welcomes the proposal. With CO2 standards for heavy-duty vehicles also on their way, road transport operators are... more
Aapa welcomes new member Air India
India’s national carrier Air India has joined the Association of Asia Pacific Airlines (Aapa). “It is an honour for Aapa to welcome Air India into our ranks as the first Indian airline to join the association. Air India operated its first flight in 1932 in India, which... more
For shipping in Sharm El Sheikh
A new action plan, launched at COP 27 by United Nations organisations, shipowners and trade unions, makes recommendations for improving the skills of seafarers to achieve the decarbonisation goals of the maritime transport industry. The plan responds to the findings of new... more
From DHL to Instafreight
Instafreight, a log tech company specialising in European overland transport, has appointed Martin Leopold to the newly created position of chief financial officer (CFO). Leopold joins the company from industry giant DHL Freight, the logistics arm of Deutsche Post. His task... more
Abu Dhabi Airports joins Pharma.Aero
Abu Dhabi Airports is joining Pharma.Aero, the global membership network for life science and medtech manufacturers, certified cargo communities and airport operators. The collaboration with Pharma.Aero builds on Abu Dhabi’s growth as a global healthcare and life sciences hub.... more
HS2 to save 300,000 truck journeys
The first freight train arrived at HS2’s newest Bucks construction hub in UK as the high speed rail project confirmed that the new facility is expected to take the equivalent of 300,000 truck movements off local roads. Situated on an existing freight line north of Aylesbury,... more
MacGregor not to be sold
The Nasdaq Helsinki-listed Cargotec has suspended its sales activities for its business line MacGregor. The company is also maintaining the conclusion drawn from its internal evaluation that "MacGregor will not be part of Cargotec’s portfolio in the future" and will... more
In-house software for Dachser
Digitalisation is making progress. Dachser has acquired an unspecified majority stake in the software provider Kasasi in Germany. The full takeover will be completed in a series of intermediate steps by 2026. Like Dachser, the medium-sized company Kasasi, which employs 50... more
Claus-Oscar Herzig wins German order of merit
Claus-Oscar Herzig (right), former chairman of the Hessen Association of Road Haulage and Logistics, has received Germany’s federal order of merit first class. District president Mark Weinmeister (left) of the Kassel administrative district presented the order at the castle... more