OOCL: another record result 
OOCL has published its unaudited results for Q3/2021: While volumes contracted, revenue in general and per box grew significantly. In detail, for the third quarter ended on 30 September 2021, revenues amounted to USD 4.3 billion, a growth of 125.3% compared to the same period... more
More funds for Moldovan railways
The European bank for reconstruction and development (EBRD) is providing Moldova’s national railway operator Calea Ferata din Moldova with an additional EUR 23.5 million loan to upgrade key infrastructure. The new loan follows a EUR 110 million financial package. To date, twelve... more
CEP at CDG
CEP companies are increasing their footprint at Paris CDG, where DHL has made its largest investment (EUR 170 million) in Europe in recent years and its biggest ever in France since its arrival in 1976. Its new international hub covers 32,000 sqm - ten times larger than the... more
TIR slashes 80% off transit time
With the arrival of two trucks in Istanbul on Friday, 8 October, TIR transports were launched along the new Islamabad-Tehran-Istanbul (ITI) trade corridor. The trucks, operated by Pakistan-based NLC and carrying textiles and tyres for export, have demonstrated transit time... more
Five weekly flights to West Africa
IAG Cargo is introducing a new direct route to Dakar, Senegal from Madrid, running five times a week with Iberia A330 and A350, as the company responds to increasing demand for the transportation of goods to West Africa. Freddie Overton, regional commercial manager for... more
Land bridge services launched
Rhenus is offering a land bridge service in South Korea. Providing a viable alternative for time-sensitive cargo, the new product includes rail links between South Korea and Europe. Rail shipments can be up to 40% faster than ocean freight. The rail service will feature... more
Hongyuan sees Brussels as gateway to Europe
Hongyuan Group, a Chinese cross-border trade integrated service provider based in Beijing, has chosen Brussels airport (BRU) as the strategic location for its new European headquarters. This long-term lease will expand the Hongyuan network and strengthen the airport's... more
Is this India's coolest cargo airport?
Kempegowda International Airport serving Bengaluru (BLR) has emerged as the No.1 airport in India for perishable shipments. According to the country's specialised authorities, BLR processed 48,130 t of perishables in FY 2020-21, accounting for 31% of India’s total perishable... more
US e-truck plants to be served by CSX
Ford and Korean SK Innovation will invest USD 11.4 billion in new campuses in USA to produce the next generation of electric trucks and the batteries to power them. The plants will be served by US class I railways CSX. Production will begin in 2025. Called Blue Oval City,... more
More space for automobile logistics
The BLG Group has expanded its automobile logistics site in Dodendorf, Germany for its South Korean client Hyundai. The additional space of 95,000 sqm now brings the inland terminal's surface to 230,000 sqm for around 11,000 new and used vehicles. The new area is exclusively... more