Securing transatlantic capacity 
The GSSA Aviacargo, headquartered in New York and founded in 2001, has performed a series of record-breaking flights between Bournemouth (BOH) in the UK and New York JFK. Operating the bellies of European Cargo’s A340-600 freighters, the company carried 55 t on a series of... more
UPS issues new forecast
UPS has put forward its 2023 financial targets. Consolidated revenues are expected to range between around USD 98 billion and USD 102 billion. The consolidated adjusted operating margin is planned to be in the 12.7% to 13.7% range. The cumulative capital spending from 2021–2023... more
Knight-Swift acquires UTXL
Phoenix-based Knight-Swift Transportation has bought all equity interests of Kansas City-based third-party logistics company UTXL for around USD 22.5 million. UTXL specialises in full truckload services in USA, Canada and Mexico. It generated over USD 100 million in... more
25,000 solar panels for Burundi
Bolloré Logistics Portugal has transported more than 25,000 solar panels for the construction of a 7.5 megawatts (MW) renewable energy power plant in Burundi. The operation took place in several stages over a period of four months. A total of 150 teu containers were shipped... more
New aerial solution for isolated communities
Airflow, a Californian aerospace company building a next-gen electric short take-off and landing (eSTOL) aircraft, announced a letter of intent with Ravn Alaska, an Anchorage-based regional airline, to supply 50 airplanes. This agreement brings its total order-book to over USD... more
Two reasons for capacity crunch
Copenhagen-based maritime consultancy Sea-Intelligence has analysed the capacity shortages in maritime transport that are leading to record margins. As there is no global container shipping boom, the company attributes the current shortage of vessel capacity (and of empty... more
Louisiana rail company changes ownership
US transport company Watco has acquired the Geaux Geaux Railroad. The 42 km US class III railroad runs from Slaughter to Zee in Louisiana. It currently serves Hood Container, a paper and packaging corporation. Acquiring the line opens opportunities for exploration in... more
Guillen leaves Tesla
Engineer Jérôme Guillen, who held high-ranking positions at Tesla for more than ten years, left tech billionaire Elon Musk's U.S. electric company on 3 June 2021. The former Daimler executive had joined Tesla in 2010 and most recently was responsible for the heavy truck... more
Haycock to lead Nyshex' new Europe office
As of 2 August, Jeremy Haycock joins the New York Shipping Exchange (Nyshex), a digital container shipping platform championing contract compliance, as managing director for Europe to establish operations on the continent. The Europe office, which will be based in UK, will be... more
IAG Cargo: Guayaquil and key Latam routes
IAG Cargo has started the Madrid-Guayaquil route, increased frequency to São Paulo and Mexico City, and plans to restart regular flights to San Juan, Puerto Rico. The business which includes assets from British Airways, Iberia, Aer Lingus, Vueling and Level now services over 150... more