Carrier HMM to be sold 
It was the state of South Korea that invested heavily in HMM, at the time still Hyundai Mechant Marine, through its subsidiary Korea Development Bank (KDB). The state-owned unit, amongst others, bought up to KRW 1 trillion (USD 883.8 million) of bonds in 2018 from HMM, so... more
UPS at full speed
Pandemic times are UPS times. In the course of 2020, the Atlanta-headquartered courier and express company's consolidated revenues increased by 14.2% to USD 84.6 billion. Operating profit amounted to USD 7.8 billion, while adjusted operating profit was USD 8.7 billion, up 7%... more
Eco-truck plan to accelerate decarbonisation
The International Road Union (IRU) has renewed calls to promote the use of eco-trucks to boost transport decarbonisation, including harmonising rules for cross-border operations. Eco-trucks carry more goods than standard vehicle combinations and reduce fuel consumption per... more
Movianto Germany appoints managing director
Logistics and distribution solutions provider Movianto, which specialises in the pharmaceutical, biotechnology and healthcare industry and which joined the European Walden Group in June 2020, has nominated Dennis Spamer as new managing director for Movianto Germany. In his... more
"AirDirectly" from Shanghai to Guadalajara
Geodis has confirmed the extension of its "AirDirect" service with the addition of a weekly flight from Shanghai to Guadalajara (PVG-GDL). The global transport and logistics provider's inaugural flight is planned in exactly one month, on 3 March 2021. The service,... more
More quay space for shippers
As part of its restructuring programme, the Lübecker Hafen-Gesellschaft (LHG) will handle all forest products at the Skandinavienkai and Schlutup terminals in future. This reorganisation creates free areas at the Nordlandkai, which many companies already use for storage,... more
Redefinition of System Alliance Europe
The German network System Alliance Europe (SAE), established in 2005, is transforming from a civil law partnership into a registered cooperative under German law. The aim is to empower the existing partners and to attract new ones, since the alliance has lost major full... more
Green rolling stock for RZD
Russian Railways (RZD) intends to phase out purchases of diesel-only locomotives. After 2025, RZD plans to purchase electric locomotives, as well as locomotives operating solely on natural gas and other alternative energy sources. “In the future, we are going to operate... more
Expansion in the Netherlands
Martin Bencher Group, a shipping and forwarding services provider based in Denmark, has opened an office in Enschede (Netherlands). The group aims to continue to serve existing as well as new clients with logistics solutions, having already been active in this country with... more