Rail Freight Transport News
- May 2023: Etihad Rail, developer and operator of the UAE National Rail Network, has signed a 20-year partnership agreement with DHL Global Forwarding to set up a joint venture as part of the country's efforts to strengthen its freighter network. As part of the agreement, DHL will adopt rail as one of its major modes of transport to distribute goods throughout the UAE via the railway network, which connects the country's key industrial centers.
- January 2023: The Union Pacific railroad company has signed a deal with Wabtec valued at over USD 1 billion (EUR 986.4 million) with Wabtec to modernize 525 of its AC4400 and AC6000 locomotives, as well as 75 Dash-9 locomotives. Wabtec will equip the locomotives with a number of different digital solutions including FDL advantage engine upgrades and modular control architecture. These updates will help extend the locomotives’ lives and provide a variety of benefits. These include increasing reliability by more than 80% and haulage ability by over 55%.
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Related Freight Transport Industry News
- July 2024: DP World, the Dubai-based ports and logistics leader, unveiled 51 fresh freight forwarding offices in the Asia-Pacific. These new offices, specializing in air and ocean freight, leverage DP World's robust infrastructure, spanning ports, terminals, warehouses, trucks, rail, and vessels.
- February 2024: HERE Technologies, a leading provider of location data and technology solutions, partnered with PSA Singapore, the operator of the world's largest transshipment hub, to transform Singapore's container truck ecosystem. Their goal is to boost the efficiency of goods transportation within Singapore's terminals. Singapore, a global maritime leader, hosts the world's second busiest container port, the Port of Singapore. PSA's network spans 600+ ports globally, and in the previous year, it managed an impressive 38.8 million TEUs.
- April 2024: In its push to bolster trade and economic growth in Latin America (LATAM), Unifeeder Group inaugurated its inaugural regional office in Panama City. This move followed the company's establishment of new trade routes across LATAM.
- September 2023: Blue Water strategically positioned itself in the Latin American market with the inauguration of its Santiago office. Complementing its existing presence in Brazil, this move equipped the global transport and logistics giant to cater to the rising demand for project logistics in the region.
- June 2024: PKP Cargo and COSCO announced that they are poised to enhance intermodal flows throughout Europe. Focusing on transport and logistics, their partnership is strategically geared toward robust development. Together, they plan to extend intermodal services, spanning Western, Central, and Eastern Europe. PKP Cargo also plays a pivotal role in strengthening COSCO's rail freight presence in Europe.
- May 2024: Mullen Group Ltd finalized its acquisition of ContainerWorld Forwarding Services Inc. ContainerWorld, headquartered in Richmond, British Columbia, has been a key player in the logistics scene since its establishment in 1993. Specializing in tailored supply chain solutions, ContainerWorld primarily caters to Canada's alcoholic beverage and hospitality industries. Going forward, ContainerWorld will function as a standalone subsidiary under Mullen Group's ownership.
- June 2024: TFI International has acquired Entreposage Marco, a Quebec, Canada-based food-grade tank hauler. Specializing in the transportation of edible products such as oils, liquid yeast, sweeteners, and fruit juices, Entreposage Marco operates a fleet of 15 power units, as reported by the Federal Motor Carrier Safety Administration. This acquisition is significant and aims to increase the market reach of TFI International.
- April 2023: Trimac Transportation acquired American Industrial Partners (AIP) Logistics, a Central Ohio-based company specializing in bulk terminal services, transportation, and warehousing for industries such as plastics, liquid chemicals, food-grade storage, and metal production. AIP's fleet includes 13 tractors, 119 trailers, and various yard vehicles. Located on a 52-acre property in Wapakoneta, Ohio, the facility offers cold, dry, and food-grade warehousing, bulk transloading, and storage, with direct access to CSX Transportation’s rail line and capacity for up to 70 railcars. This acquisition strengthens Trimac's five-year strategy to enhance its position in bulk transportation, wash, and maintenance services.
- March 2024: Hasenkamp, an international logistics firm, fortified its foothold in Spain's art and cultural transportation sector. This strategic maneuver not only highlights Hasenkamp's dedication to Spain's art realm but also underscores its worldwide renown for top-tier, dependable fine art logistics services.
- December 2023: Cadogan Tate, a prominent player in international fine arts logistics, acquired Artemis Fine Arts Services, a Dallas-based company specializing in safeguarding and transporting fine art, museum artifacts, and antiquities. The acquisition was facilitated by MidCap Advisors LLC, which acted as Artemis's exclusive financial advisor during the deal.
- May 2024: The UK Government has officially banned the practice of exporting live animals for slaughter by passing the Animal Welfare (Livestock Exports) Bill. The bill aims to cease the export of UK livestock for fattening and slaughter and builds upon the foundations laid by the Animal Welfare (Kept Animals) Bill.
- December 2023: The European Union (EU) has unveiled a groundbreaking set of proposals to overhaul its animal welfare regulations in transportation, marking the most significant update in two decades. These reforms, in line with the Farm to Fork Strategy, incorporate cutting-edge scientific research, emerging insights, and advancements in technology.
- June 2024: WebCargo by Freightos, a prominent digital platform for booking and payments in the global freight sector, unveiled its latest collaboration with Coyne Airways. Moreover, Coyne Airways became the pioneering carrier to enable the booking of hazardous goods through WebCargo by Freightos. Established in 1994, Coyne Airways has long been a pioneer in air cargo logistics, boasting a track record of moving around 300,000 tons of air freight. Notably, Coyne Airways has expanded its cargo routes to Iraq, the Caucasus, Afghanistan, and Sakhalin Island.
- May 2024: Ground handling giant Dnata said that it is gearing up for the aviation industry's future by unveiling cutting-edge digital and autonomous solutions. Among its pivotal tech initiatives, Dnata is spearheading the implementation of its digital cargo management system, OneCargo. This system not only integrates various physical technologies but also enhances customer visibility significantly. OneCargo made its debut in six countries, namely Iraq, Pakistan, Switzerland, the UAE, the USA, and Zanzibar (Tanzania).
December 2023: AIT Worldwide Logistics, a global supply chain solutions leader, acquired Mach II Shipping Ltd, a UK-based freight forwarder specializing in the worldwide distribution of pharmaceuticals and related products. The deal includes a subsidiary in the Netherlands and a global network of life sciences partners. In addition to temperature-controlled air freight, Mach 2 (pharma freight) provides outstanding, dedicated road service for high-value life sciences moves throughout Europe with a managed fleet of temperature-controlled vehicles operated by Good Distribution practices and independent contractors.
February 2023: The fastest-growing provider of temperature-controlled storage and logistics services in Latin America, Emergent Cold Latin America (Emergent Cold LatAm or the Company), today announced the acquisition of Qualianz, a renowned platform for storage and logistics with operations in Mexico City, Mexico State, Monterrey, Querétaro, and Tijuana.
• July 2023: Shopify, the Ottawa-based retail-tech company, announced a number of new products and enhancements for its merchants, including an Artificial Intelligence (AI) suite, a new business credit card option, and drop shipping-like features.
• June 2023: Shopify Inc, a leading provider of critical online infrastructure for commerce, announced that it has closed the previously announced majority sale of its legacy Shopify Logistics segment to Flexport, a leading technology-enabled global logistics platform, under the terms of the transaction agreement. Shopify received stock in the form of a 13% equity stake in Flexport and its existing equity stake in the business. This transaction secures the logistics solution that Shopify has been constructing and transfers it to a reliable and mission-driven partner, Flexport.
• July 2023: Shopify, the Ottawa-based retail-tech company, announced several new products and enhancements for its merchants, including an Artificial Intelligence (AI) suite, a new business credit card option, and drop shipping-like features.
• June 2023: Shopify Inc, a leading provider of critical online infrastructure for commerce, announced that it closed the previously announced majority sale of its legacy Shopify Logistics segment to Flexport, a leading technology-enabled global logistics platform, under the terms of the transaction agreement. Shopify received stock in the form of a 13% equity stake in Flexport and its existing equity stake in the business. This transaction secures the logistics solution that Shopify has been constructing and transfers it to a reliable and mission-driven partner, Flexport.
