Perfect storm pushes DHL's results 
With its preliminary group results for 2020, logistics group Deutsche Post DHL Group has confirmed that Covid-19 was an important driver for business last year. At EUR 4.84 billion, consolidated ebit surpassed the result originally forecast by more than 9%. The growth of... more
Electric locomotives from China
Belarusian Railway has signed a contract with China Electric Import and Export Corporation (CUEC) and CRRC Datong Electric Locomotive, whereby Belarusian Railway is to acquire 15 single-section alternating-current freight electric BKG2 locomotives. The locomotives will be... more
ONE's two new services
The Singapore-headquartered Ocean Network Express (ONE) has launched two new direct services from North Europe to the East Med-Levant and Marmara regions. The services, the North Europe East Mediterranean Express (NEX) and the North Europe Turkey Express (NTX), will be the... more
Regional Container extends intra-Asian network
Regional Container Line (RCL) has introduced the South Philippines 6 (RSP6) service that connects the Philippines’ Visayas and Mindanao regions with Asia and the Middle East via Singapore. Launched in the Philippines through RCL’s Southern Philippine agent Eagle Express... more
Sky Lease must pay USD 422,000
The US Department of Transportation’s Federal Aviation Administration (FAA) proposed a USD 422,500 civil penalty against Sky Lease of Miami, FL, for allegedly operating two B747 freighters on dozens of flights - within the USA as well as to and from countries including Bolivia,... more
Mabkargo's first charter flight of 2021
Mabkargo (Maskargo), the logistics division of Malaysia Airlines, performed its first charter flight for the year transporting approximately 20 t of Covid-19 test kits from Seoul Incheon to Jakarta. Utilising its A330-200F, flight MH 6431 departed South Korea on 4 January... more
Hyderabad-Dubai Covid-19 vaccines corridor
Dubai Airports, operator of Dubai International (DXB) and Dubai World Central (DWC), and GMR Hyderabad (GMR-HYD) have joined forces to create a Covid-19 vaccine distribution corridor connecting major vaccine manufacturers in India with markets around the world. Home to 88... more
India opens another railfreight section
The first good trains are running between Bhaupur and Khurja in Uttar Pradesh along India’s eastern dedicated freight corridor (EDFC). India’s PM Modi recently flagged off the first goods train and also opened the operation control centre at Prayagraj. The new 351 km stretch... more
BAI: air freight volatility remains rife
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more