Large multi-year railcar order placed 
North American leasing company Gatx has entered into a new long-term railcar supply agreement with Trinity Rail to purchase 15,000 newly built railcars until 2028, with an option to order up to an additional 500 railcars each year from 2023 to 2028. The agreement includes a... more
A big deal about cash 
The Spanish company Prosegur Cash, which specialises in logistics services for securities and cash management, has bought the majority of shares from the 1991-founded Change Group, a global provider of foreign currency and financial services. The takeover of a non-specified... more
VDR elects new board members
After welcoming Dr Martin Kröger as its new chief executive officer in spring, the German Shipowners' Association VDR has now promoted staff members Irina Haesler and Tilo Wallrabenstein to its executive board.Haesler is a lawyer and has been with VDR since 2013, most recently... more
Cargo boom at Budapest Airport
Budapest Airport’s Cargo City is set for another significant expansion following the dynamic cargo development at the Hungarian gateway since the infrastructure opened in January 2020. Increasing the airport’s annual cargo capacity to 300,000 t, the latest progression is... more
Igoumenitsa awards tender to a consortium
The bidding process is over and a consortium has won. It is made up of Grimaldi Euromed, Minoan Lines Shipping, and Investment Construction Commercial & Industrial, and they will now thus acquire a 67% stake in the share capital of Greece’s Igoumenitsa Port Authority. Their... more
Higher speed and improved punctuality
With the time table change in India, effective from 1 October 2022, about 500 mail express trains have been speeded up by 10 to 70 minutes. 130 services (65 pairs) have been accelerated by converting to Superfast category, the Indian ministry of railways reports. Overall,... more
For direct rule in Kloten
ATS-Hellmann is giving up its air and sea freight activities in Switzerland and handing them over to Hellmann directly. From 2023 on, Hellmann will be working with its own Swiss national company and taking over part of its long-standing partner’s team and market presence in... more
Belgian airport fortified
Liège airport, a key European freight hub, has appointed Frédéric Brun (on the left) as its head of commercial cargo, and Alexis Lapot as its senior manager for cargo sales. They will join a team headed by Torsten Wefers, the vice-president of marketing and sales. Brun... more
Alliance one of USA's top 20 cargo airports
Perot Field Fort Worth Alliance Airport (AFW) has been named one of the USA's top 20 US cargo airports ranked by the Federal Aviation Administration (FAA). Moving up three spots in the rankings, AFW landed more than 1.1 billion kg in 2021, a volume increase of 45.75% from the... more