High container demand raises Singapore prices 
Recent data from Container xChange indicates a significant rise in container prices and leasing rates at the port of Singapore due to global congestion. From October 2023 to May 2024, average container prices surged by 26%, while leasing rates on routes such as China to the USA... more
An eventful spring congress
At this year’s spring congress, the Association of European Vehicle Logistics (ECG) brought almost 300 members together to discuss the sector’s developments and growth. Between the 23 and 24 May, members gathered in Baveno, Italy, including Ford, Renault Group, Toyota Motor... more
TGE moves to electrify Australia’s truck fleet
The Australian transport and logistics company has secured an AUD 30 million (EUR 18.5 million) financial commitment from the Clean Energy Finance Corporation (CEFC) to accelerate the electrification of its truck fleet and help drive down the country’s transport emissions.... more
Multimodality wins the prize
Annually, the Austrian Logistics Network Association (VNL) awards the Austrian Logistics Prize to the most innovative logistics project of the year. The rail logistics company ÖBB Rail Cargo Group (RCG) and Transporeon, a transport management platform, won over the expert jury... more
CCA welcomes new members
The Cool Chain Association (CCA) has appointed Vijan Chetty, general manager, perishable products export control board (PPECB) as its new treasurer, and two new board members as it commits to new projects. Natalie Niers, chief operating officer, Validaide, and Ian Buck, head... more
Public subsidy for ammonia supply project
Japan Petroleum Exploration, Mitsubishi Gas Chemical, IHI Corporation, Mitsui & Co., and Mitsui O.S.K. Lines have received approval for their survey to establish an ammonia supply base in Soma, Fukushima Prefecture, under the FY 2024 “subsidy for measures to promote... more
Metso's new Chilean centre
Metso, a logistics provider for the minerals and mining industry, has opened its new distribution hub in Vina del Mar, Chile, marking a further expansion into the South American market. From the new centre, Metso will be able to increase its distribution capacities for... more
UP serves new railport in Utah
Utah Inland Port Authority (UIPA) celebrated the opening of the new Savage Cedar City Transload facility in Utah (USA) last week. The facility provides transload services between trucks and railcars, and on-site storage for shippers. It includes 70 railcar spots available... more
Abu Dhabi to become next pharma hub
During the BIO International Convention 2024, the department of health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, and Abu Dhabi Investment Office (Adio), Etihad Airways and AD Ports Group inked a landmark mou to strengthen Abu Dhabi’s position as a... more