Logistics associations fear chaos on the roads 
The Austrian federal state of Tyrol has again announced block customs clearances for this week. Daily so-called block-handling days have been ordered until and including Friday, 27 May 2022. The situation is likely to become particularly acute this week with the Ascension Day... more
Big investment for Panama
It's a big deal: Notarc Management Group (NMG), a Latin American-focused private investment and asset management firm, which launched its Panama Development Fund (PDF) last year, is going to acquire and accomplish the Panama Canal Container Port (PCCP), a USD 1.4 billion modern... more
Next senior partner for SSY
Stanko Jekov, head of dry cargo at Simpson Spence Young (SSY), will be taking over as senior partner following Mark Richardson's announcement that he will retire at the end of this year. Jekov, who has been with SSY since 2002 and was made partner in 2010, has led the dry... more
Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million. The Toll Group, which sold its loss-making... more
The return of the idle fleet?
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
On the way to a fleet of 150,000 containers
Demand for intermodal services in USA has grown significantly in recent years. Now, J.B. Hunt and BNSF Railway are launching a joint effort to substantially improve capacity in the intermodal marketplace. J.B. Hunt plans to grow its intermodal fleet to as many as 150,000... more
Cargo is worth the risk of congestion
Is it due to its experienced cargo GSA Kales Group, that soon to be launched Norse Atlantic Airways has changed its initial plans? The low-cost transatlantic start-up headquartered in Arendal, Norway, will operate its first commercial flight from Oslo to New York on 14 June... more
Wincanton's best year since 2011
In advance of its results for the financial year ending 31 March 2022, UK-headquartered Wincanton has issued a preliminary outlook. While full year revenue is expected to be up 16.3% to GBP 1.4 billion, with 19.4% organic revenue growth y-o-y excluding the Cygnia Logistics... more
More containers down the Rhine
In Q1/2022, throughput at the Swiss Rhine ports was just under 1.2 million t, 7.8% below Q1/2021 (1.26 million t). The big winner was the container sector with almost 37,000 teu (+31%). Export traffic recorded an uptick of 13.2% to 243,292 t, while import traffic, which is... more
Freight wagons wanted - on loan
In Ukraine, millions of tonnes of grain are waiting for transport. Freight wagons will be urgently required for this purpose in the coming weeks. In its newsletter, the Swiss Association of Shippers (VAP) is therefore calling for free rolling stock to be made available for... more