AIT Worldwide fills its war chest 
Less than three months after taking over Fiege's IFF activities, AIT Worldwide Logistics has concluded its partnership with private equity group Quad-C Management. While Quad-C sold its full stake, the New York City-based middle-market financial firm The Jordan Company (TJC)... plus
7.49 t trucks for carbon-free city logistics
DB Schenker recently welcomed two fully electric and emission-free Fuso eCanter trucks from Daimler Trucks for use in Vienna (Austria). The 7.49 t vehicles have an output of 129 kW, a payload of up to 3.2 t and a range of at least 100 km. The eCanter's battery can be easily... plus
Hapag-Lloyd can afford further acquisitions
Hamburg-based carrier Hapag-Lloyd has released its audited results for 2020. While revenues went up by 3.3%, amounting to USD 14,6 billion, ebitda grew significantly by 38.6% compared to 2019, passing the threshold of USD 3 billion. The group's net result witnessed a great... plus
ADAC Truckservice appoints new managers
ADAC Truckservice, a provider of mobility services, has filled two leadership positions. The Laichingen-based company (Germany), founded in 1980 and member of ADAC Group, named Tajana Bozic-Stiplosek (right), to lead customer management. She already assumed her new position at... plus
Three stand united for hydrogen
Ardmore Shipping, owner and operator of tankers, Element 1 (E1), headquartered in Bend, Oregon, and Maritime Partners, headquartered in New Orleans, have formed an equal share partnership called "e1 Marine" to bring E1’s methanol-to-hydrogen technology to the marine... plus
KWE's new facility learns how to fly
The Malaysian affiliate of Japanese Kintetsu World Express (KWE) has started operations at the new warehouse in the Free Commercial Zone (FCZ) of Penang Airport, Malaysia. This follows a new warehouse which opened 3 km from Shanghai Pudong Airport in August 2020. Penang is... plus
Wireless data transfer with solar energy
VTG is investing in the digitalisation of its fleet. The German rail logistics and wagon hiring company has ordered 15,000 main GPS units which producer Intermodal Telematics (IMT) will deliver during the next 15 month. The solar powered GPS unit enables unlimited data... plus
Responding 24/7 with a new product
Air France KLM Martinair Cargo has launched a new product to ensure that Covid-19 vaccines get the special attention they require. Launched this week after a trial period in selected countries, the "customised Covid vaccines" solution is globally available for all... plus
Licence to build Kazakhstan’s rail infrastructure
Sinara - Transport Machines (STM) has created a new subsidiary, STM Kazakhstan, as a joint venture with Kazakh Eurotrans Group, whereby STM will hold a share of 75 % and its partner 25%. The JV has all the necessary licenses and permits to operate on the territory of Kazakhstan... plus
"Curiosity of the Day" 
The potato was the first vegetable to be successfully grown in space. plus