Hungarian haulier secures its future 
Waberer’s has a new shareholder. The Budapest-headquartered forwarder has signed a long-term financing agreement package with Trevelin Holding, a real estate company which belongs to the Hungarian-American Indotek-Group. Treveling will acquire a 3.99% share of Waberer’s.... plus
Changiju for Eurasian investments
Bejing-located Changjiu Logistics, an automotive logistics service provider, has bought 30% of the shares of the Polish company Adampol. The purchase price was EUR 18.3 million. Adampol, founded in 1990, is a 70% affiliate of Hyundai Glovis, a logistics unit of the South... plus
Colombo Port grants concession
The Sri Lanka government has given the green light to build a new container terminal in the country’s main port, Colombo. The West Container Terminal (WCT) will be run by companies selected by the governments of India and Japan. A similar plan was abandoned after protests... plus
Marszałek elected CEO for western Europe
Trans.eu, a platform for freight forwarding services based in Wroclaw, Poland has promoted Aleksandra Marszałek to CEO for western Europe. Since January, she has been in charge of all sales, operations and marketing processes in this region. A graduate in law and German... plus
Amerijet: regional vaccine distribution
Amerijet has delivered Covid-19 vaccines to the Caribbean and Central America on behalf of Mumbai-based Odyssey Logistics. The shipments were a part of India's gifted AstraZeneca vaccines manufactured by the Serum Institute of India. Tim Strauss, CEO of the first US cargo... plus
Fourth destination in Southern Germany
European Gateway Services (EGS), a transport product of Hutchison Ports ECT Rotterdam, is opening a new connection between Rotterdam and Regensburg in Bavaria, thus adding a fourth destination after Munich, Nuremberg and Stuttgart (Kornwestheim) to its network in Southern... plus
Groundbreaking on East Coast
Philaport, the port of Philadelphia, is investing some USD 42 million in a new 18,800 sqm near-dock logistics centre. It will be run by Holt Logistics and is intended for storing and distributing a large variety of food commodities. The new warehouse is located around 1.5 km... plus
Strong links to Duluth and Minnesota
Minnesota governor Tim Walz has reappointed Yvonne Prettner Solon to a third term on the Duluth Seaway Port authority board of commissioners, a seven-member board, of which two commissioners are appointed by the governor. Prettner Solon served on the board as a Duluth City... plus
Full speed ahead from Hong Kong to Europe
A China Railway Express (CRE) train carrying electronic products, electrical and mechanical equipment, light textiles and other goods, was despatched from Pinghu South Station in Shenzhen and left China via the Alataw Pass. The train recently arrived in Duisburg, Germany after a... plus
Setback for inland shipping in 2020
France's inland navigation industry saw a decline last year after very strong growth in 2019 (+10% with 7.4 billion tkm). In 2020, river transport recorded a decrease of -10.5% in volumes (50.9 million t transported) and -11.5% in tkm (6.6 billion tkm). Thus, the level of... plus