Higher revenues, lower profits for FedEx 
FedEx has reported its consolidated results for the first quarter, ending on 31 August, which were affected by disruptive impacts on global supply chains and a lack of labour. Revenues grew by 14% compared to Q1 last year, and came to USD 22 billion; operating income fell by... more
First city-wide medical drone network
Matternet, a global provider of urban drone-delivery solutions based in California, has entered into a partnership with SkyGo, a company from the UAE with knowledge of the Abu Dhabi healthcare landscape and expertise in logistics and distribution in the Gulf region. Together... more
Kick-off to triple rail capacity
A ground-breaking ceremony was held recently in Belle Fourche SD (USA) to launch a planned rail expansion project. The city in the north of South Dakota currently has a 27-car railyard. Once the expansion is complete, Belle Fourche’s railyard will be able to accommodate 90... more
Ice-cold combination in Massachusetts
It’s a Massachusetts deal. Ice Cube Cold Storage & Logistics, based in Fall River MA (USA), has finalised the acquisition of the Main Terminal Division of Maritime International, from New Bedford MA (USA). The newly-named Ice Cube Cold Storage & Logistics Maritime... more
Bob Jaques editor of Ship Management Intl
Elaborate Communications, publisher of Ship Management International (SMI), has appointed Bob Jaques as editor. He will immediately oversee the November/December issue. Jaques is an English literature graduate from the University of York with a postgraduate diploma in... more
Re-sale instead of reverse logistics
Seko Logistics, founded in 1976, is banking on recommerce in e-commerce shipment. The Chicago-based company is partnering with newly launched recommerce specialist Reconomx to help retail brands reduce their carbon footprints. The plan is to contribute to bringing down the... more
Gustavo Santi joins Bolloré Logistics Brazil
Bolloré Logistics has hired Gustavo Santi as managing director for Brazil. He brings more than 20 years of experience to the role, primarily in logistics operations, air and sea freight services, customer service and branch management. “It is a great honour for me to lead... more
Another MRO hub for Mammoth's B777 freighters
Signing a strategic investment in a world class widebody maintenance and modification facility to support its Boeing 777-200LR and 777-300ER passenger-to-freighter conversion programmes, Mammoth Freighters is embarking on a long-term partnership with GDC Technics. Located in... more
IFOY award: three new jurors
The IFOY organisation has appointed three new jurors: Peter MacLeod, news editor at "Logistics Business" in UK, Rosa Maria Cherubini, managing editor at "Il Giornale della Logistica" in Italy, and Klaus Koch. The editor-in-chief at the online magazine... more
3PL buys transport broker
It is an American approach: The Pittsburgh-headquartered PLS Logistics Services, a third-party logistics company, has acquired D&L Transport, a transportation brokerage company based in Overland Park, Kansas. Founded in 2004, D&L Transport is a non-asset provider of... more