New train running between Austria and Hungary 
With the TransFER Wels-Vienna-Budapest, the Austria-based ÖBB Rail Cargo Group (RCG) is launching a new rail connection, thereby creating further network effects for intermodal solutions on key corridors and between three of the most important intermodal nodes in Europe.... more
ECS Group deepens footprint in Southeast Asia
Thai LCC Nok Air, represented by CEO Wutthiphum Jurangkool and Pravej Ongartsittigul, chairman of the executive committee (2nd and 1st from right), has concluded a total cargo management (TCM) agreement with AVS GSA Thailand, a subsidiary of ECS Group. The subsidiary,... more
Innovative engines for cross-border railfreight
Metrans, a subsidiary of the Hamburger Hafen and Logistik, Hamburg’s port operator (HHLA), has received the first Vectron MS locomotive at the company’s container terminal in Prague (Czechia). The vehicle is part of a group of ten multi-system locomotives ordered from Siemens.... more
ICTSI makes good progress in the first nine months of 2019
Philippines-headquartered port and terminal operator International Container Terminal Services (ICTSI) has just published its unaudited consolidated financial results for the first nine months of 2019. Revenue from port operations amounted to USD 1.1 billion, an increase of 10%... more
Blockchain: UPS and Herd X ship beef from USA to Japan
UPS will work with Herd X, a USA-based agri-tech solutions provider, to deliver blockchain-verified traced beef from an American farm to Japan. The delivery represents a significant step forward in quality assurance and traceability in the beef industry. UPS and Herd X... more
Mark Frese to become new CFO of Hapag-Lloyd
During its meeting, Hapag-Lloyd’s supervisory board appointed Mark Frese to the executive board, effective 25 November. On 1 March 2020, he will become the new CFO, replacing Nicolás Burr. Mark Frese was most recently employed as CFO of Ceconomy, the former Metro. Before that,... more
Busiest day ever at Hactl
Hong Kong Air Cargo Terminals Limited (Hactl) has broken its all-time record for the number of freighters handled in a 24-hour period. On 3 November, Hong Kong’s largest independent cargo handler took care of 104 freighter aircraft – beating its previous record of 102, set on 5... more
Volvo Group to restructure its marketing efforts
The Volvo Group has decided to expand the footprint of its two brands Renault Trucks and Volvo Trucks in Europe. For this purpose, the company will create separate market units (importers) for both brands across Europe as from 1 January 2020. Until now, the brands were... more
HHLA faces more volatility in its markets
The terminal operator Hamburger Hafen und Logistik AG (HHLA) is satisfied with its results in the first nine months of 2019. Container throughput grew moderately due to the integration of the Estonian terminal operator HHLA TK Estonia, which was acquired last year, and improved... more
Founder of Cebu Pacific passes away at 93
JG Summit Holdings has announced the passing of its founder chairman emeritus John L. Gokongwei Jr. on November 9, 2019. He was 93. He was the founder of the first Philippine multinational conglomerate including the airline Cebu Pacific and also a philanthropist with a passion... more