All Investments articles – Page 22
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Grants awarded to six US ports
August 1 - Six TIGER (Transportation Investment Generating Economic Recovery) grants, totalling USD61.8 million, have been awarded to seaports in the USA or projects directly aiding the efficient movement of goods to and from the country's ports.
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Long Beach re-elects Guzmán
July 27 - Lori Ann Guzmán has been re-elected president of the board of harbour commissioners that oversee the Port of Long Beach, USA.
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K+N turnover down, profit up
July 25 - Kuehne + Nagel International (K+N) posted a slight decrease in turnover for the first six months of 2016, while it recorded an 8 percent increase in gross profit to CHF3.25 billion (USD3.29 billion).
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Truck manufacturers fined for price fixing
July 21 - The European Commission has found truck manufacturers - MAN, Volvo/Renault, Daimler, Iveco and DAF - guilty of breaking EU antitrust rules, by colluding for 14 years on truck pricing and passing on the costs of compliance with stricter emission
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Throughput down in Rotterdam
July 21 - The Port of Rotterdam handled 3 percent less cargo in the first half of 2016 than it did in the same period last year.
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Panalpina responds to oil and gas slump
July 20 - Due to the continuing slowdown in the oil and gas business, Panalpina recognised a restructuring cost of CHF26 million (USD26.3 million) in the second quarter of 2016, leaving it with an adjusted consolidated profit of CHF47.9 million (USD48.4 m
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Liebherr makes Argentinian sale
July 18 - Argentinian crane rental company Gruas Londres has taken delivery of a 200-tonne capacity Liebherr LTM 1200-5.1 mobile crane.
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Hapag-UASC merger agreed
July 18 - Hapag-Lloyd and United Arab Shipping Company (UASC) have concluded a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.
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MeeMaken acquires Kenz Figee
July 18 - Offshore crane and equipment manufacturer Kenz Figee has been acquired by investment company MeeMaken.
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Silk Way orders AN-124
July 15 - Ilyushin Finance Company (IFC) says it has signed an agreement with Silk Way Airlines, which will see the Baku, Azerbaijan based airline take delivery of an AN-124-100 freighter.
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Bravo orders ten from Lockheed
July 14 - Bravo Industries, the Brazilian logistics and defence group, has ordered ten new-generation 'Super Hercules' commercial freighters, which it plans to use to reach the country's 'underserved regions' that lack ground support and critical infrastr
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Benin port ups lifting capacity
July 14 - APM Terminals Cotonou (Coman) has added two new Liebherr mobile harbour cranes to its terminal at the Port of Cotonou in Benin.
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Qatar Airways flying high
July 11 - Qatar Airways Cargo has reported a record 2016 fiscal year, growing to the third-largest cargo operator in the word and increasing its freighter destinations to 54.
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Boskalis to axe ships and staff
July 8 - Royal Boskalis Westminster (Boskalis) is making good on its prediction in March and has announced that it will go ahead with plans to retire ships and make wholesale redundancies across the company.
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RAPID receives record column
July 5 - According to Petronas, the tallest and heaviest propylene fractionator process column for the steam cracker facility has arrived at the Refinery and Petrochemical Integrated Development (RAPID) project's Pengerang Integrated Complex (PIC) in Peng
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Northern UK ports join forces
July 1 - PD Ports has signed an agreement with other major ports across the north of the UK, forming a collaboration to ensure its unified voice is heard by government to improve freight and transport links across the region.
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Ti report predicts 'further consolidation'
July 1 - Transport Intelligence's (Ti) new Global Freight Forwarding 2016 report suggests that while the market is estimated to have contracted by 1.6 percent in 2015, forwarders' revenues were not hit as hard as you might think.
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Chapman strengthens Indian team
June 29 - Chapman Freeborn has enhanced its on board courier (OBC) business in India with the appointment of Franklin Henry and Paraq Joshi to its business development team in the country.
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Air Charter Service rebrands
June 29 - Air Charter Service (ACS) has unveiled a new logo - its first rebranding in over a decade.
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Freja strengthens project team
June 24 - Following investment in its project forwarding business in the past year and as a response to the increasing amount of jobs, FREJA Group has employed Kari Samuelsen Moldeklev as area sales manager.