Business

Lufthansa Cargo posts record earnings

Lufthansa Cargo achieved the best result in its 26-year history in the 2020 financial year. Revenue rose by 11% to 2.76 billion euros, while adjusted EBIT amounted to 772 million euros (previous year: 1 million euros). This corresponds to a margin of 28% (previous year: 0%). A total of 6.5 billion freight ton kilometers (-27%) were sold last year. Average load factor improved by 7.8%age points to 69.1%, while cargo ... [+]

PhilaPort Breaks Ground on New Near-Dock Warehouse

https://www.youtube.com/watch?v=B5acWKrIa-0 [+]

Descartes Acquires QuestaWeb

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired QuestaWeb, a leading provider of foreign trade zone (FTZ) and customs compliance solutions. Headquartered in the US, QuestaWeb provides cloud-based customs and regulatory compliance solutions. QuestaWeb's market leading FTZ ... [+]

PS Logistics acquires Jason Jones Trucking

PS Holdco, LLC ("PS Logistics") announced t that it has purchased all substantial transportation assets of Jason Jones Trucking, Inc., a privately-owned interstate trucking company that specializes in flatbed shipping in the eastern United States. Headquartered in Shoals, IN, Jason Jones Trucking , maintains a fleet ... [+]

ATA Truck Tonnage Index Increased 1.4% in January

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.4% in January after rising 1.2% in December. In January, the index equaled 114.6 (2015=100) compared with 113.1 in December. ATA recently revised the seasonally adjusted index back five years as part of its ... [+]

New Partnership – DHL Express and SmartLynx Malta

DHL Express, the world’s leading express service provider, and SmartLynx Malta announce the signing of a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type is adding capacity ... [+]

JAXPORT unveils new Strategic Master Plan

Jacksonville Port Authority (JAXPORT) Chairman Jamie Shelton and Chief Executive Officer Eric Green unveiled the port’s new 2020-2025 Strategic Master Plan during today’s virtual State of the Port address. The plan was developed by JAXPORT’s senior leadership team with support from international maritime consultant Martin ... [+]

Port of Baltimore Rebounds from COVID-19 Impact

The Helen Delich Bentley Port of Baltimore’s state-owned, public marine terminals opened 2021 in impressive fashion, with all categories posting significant increases over 2020 lows during the COVID-19 pandemic. In addition, two categories – cars/light trucks and roll on/roll off farm and construction equipment ... [+]

Port of Oakland cargo volume off due to crowded ports

Containerized cargo volume declined at the Port of Oakland in January, the result of spreading supply chain congestion. The Port said today that import volume dropped 11.9% last month compared to January 2020. Exports were down 11.3%. The Port attributed cargo declines to factors ... [+]

SAL & KAEC Sign Memorandum of Cooperation

The Saudi Logistics Company SAL has signed a memorandum of cooperation with King Abdullah Economic City in order to provide further support to both logistics sector in the Kingdom and King Abdullah Economic City. The signed memorandum by Mr. Omar Hariri, CEO of SAL, and Mr. Ahmed Linjawi, CEO ... [+]