MSC is officially ready to acquire the majority shares of French freight forwarder Clasquin. The two parties have agreed on the specifics of the transfer and will soon proceed to the merger of operations. MSC subsidiary SAS Shipping Agencies Services Sàrl will carry out the acquisition, which is expected to result in the extension of…
Category: Business
UPS puts parcels on rail with CargoBeamer
Parcel giant UPS has been testing rail freight transport services between its hubs in Milan, in northern Italy, and Herne, in western Germany. The tests, in cooperation with CargoBeamer, started in October, with two UPS swap bodies loaded on the CargoBeamer trains every day per direction. This seems to be the first time UPS is…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
DB Cargo misses financial targets, volumes and performance drop
In a “negative as expected” year, Deutsche Bahn’s financial performance was again in the red. Losses were not avoided in 2023, and the Group’s freight subsidiary DB Cargo was no exception. The state-owned freight carrier did not meet the target of closing 2023 with a loss of 225 million euros. Instead, the company reported EBIT…
Rail freight across the Alps dropped, but not because of the Gotthard
Freight transport across the Alps in 2023 decreased both when it comes to road and rail, according to the Swiss Federal Office of Transport (FOT). Concerning rail freight, volumes dropped by 5.9 per cent compared to 2022. The FOT stated that the main cause is the general economic situation in Europe, and not the closure…
FESCO signs rail agreements with 5 Chinese logistics companies
Russian logistics company FESCO has signed agreements with five Chinese logistics companies. The agreements, by and large, concern rail freight. FESCO has entered into agreements with five Chinese logistics companies. The Russian company signed an agreement with Weisa International Logistics Group, in which the two companies agree to work together for rail freight optimisation on…
Port of Hamburg records downward performance in 2023, modest decline also for rail
Intermodal and rail transport in the Port of Hamburg has seen better years than in 2023. The German port’s financial and volume performance declined noticeably last year, and rail did not get away with it. Intermodal container transport recorded a 5.4 per cent volume decrease compared to 2022, while rail container transport declined by 3.1…
MSC plans to build 1,000 wagons in former Wärtsilä plant in Trieste
Shipping giant MSC is working on taking over the industrial area near the port of Trieste formerly occupied by Wärtsilä, a Finnish maritime equipment manufacturer. MSC is planning on reconverting the factory into a rail rolling stock production facility, intending to churn out 1,000 wagons per year. MSC recently held a meeting with various Italian…