Latest news from Heavy Lift & Project Forwarding International Magazine

Atlas Air inks Southern deal

January 20 - Atlas Air Worldwide Holdings has entered into a definitive agreement to acquire the privately-held intercontinental and domestic air cargo services provider Southern Air Holdings in a USD110 million deal.

The transaction is subject to customary closing conditions and approval by the US Department of Transportation (DOT), and is expected to close in the next few months.

Southern Air is the parent company of Worldwide Air Logistics Group and its two operating subsidiaries, Southern Air and Florida West International Airways.

Atlas Air says that the transaction will provide it with immediate entry into Boeing 777 and 737 aircraft operating platforms, with Southern Air currently flying five 777-200Fs and five 737-400Fs under flight agreements with DHL.

Atlas Air added that both companies have complementary operations that will help provide seamless operations for its customers; while also enhancing Atlas Air's position as a provider of outsourced aircraft and aviation operating services.

Together, the two companies will have a fleet of more than 75 aircraft, and the acquisition is expected to add around USD100 million to Atlas Air's worldwide revenues.

Heavy Lift | News

Modulift performs locomotive lift thumbnail image

Modulift performs locomotive lift

May 24 - Modulift has provided equipment to lift a steam locomotive, built in 1926, on behalf of Swanage Railway, a tourist attraction in the UK.
Views: 232
Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 298
USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 263

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.