Growing volumes and rising yields saw Atlas Air yesterday announce an increase in first quarter revenues to $590m. Reported operating income grew from a mere $40,000 to $9.6m, while adjusted EBITDA increased $29.9m to $93.8m.
“We’re off to a strong …

Attempts to introduce a local rule to support freighter slots in Schiphol appear to have failed.
Nieuwsblad Transport, citing several anonymous sources at the airport, reports that during an internal consultation the coordinator described the scheme as “unviable”.
However, a …

Ahead of its acquisition by COSCO, ocean carrier OOCL’s carryings jumped 7.5% year on year, to 1.58m teu, in the first quarter, while revenue surged 16%, to $1.38bn.
According to the operational numbers at least, Hong Kong-based OOCL enjoyed a …

Warehouse rents in the US are rising rapidly as e-commerce gobbles up space faster than it can be replenished.
In some cases, the urge to bring on new capacity seems strangely muted: when it comes to cargo facilities at US …

Logistics industry fears are growing after Brexit minister David Davis gave his clearest indication yet that the UK would implement EU customs declarations at the Irish border next March.
At Multimodal, British Independent Forwarders Association (BIFA) director general Bob Keen …

The WCA has appointed Mirja Nissen to work alongside Alex Allen as co-director of its eCommerce network.
Mr Allen welcomed the depth of transport knowledge and programme development skills Ms Nissen would bring to the role.
She  has two decades …

Information remains sketchy as far as the CEVA Logistics IPO is concerned, but it is confirmed that the books closed today at 2pm, with the CEVA ticker starting to trade on Friday on the SIX Swiss Exchange, as originally planned …