International

GATX picks up 18,000 tank containers in latest deal

GATX adds tank container fleet to portfolio

GATX (NYSE: GATX) announced Wednesday the acquisition of the fourth-largest tank container lessor globally, Trifleet Leasing Holding B.V., for 175 million euros ($215 million) in cash.

The Netherlands-based Trifleet owns and manages a portfolio of more than 18,000 tank containers, which it leases to providers in the chemical, industrial gas, energy, food, cryogenic and pharmaceutical sectors as well as tank container operators and shipping lines.

The all-cash deal closed Tuesday.

“Trifleet...

https://s29755.pcdn.co/news/gatx-picks-up-18000-tank-containers-in-latest-deal

Volga-Dnepr returns first An-124 from safety suspension

A large, white super freighter on the ground, with camera view from above.

Outsized air cargo specialist Volga-Dnepr Airlines said Tuesday it has restarted commercial flights with one of its An-124 heavy loaders one month after grounding the fleet as a safety precaution in response to an accident.

The Moscow-based carrier pulled its eight An-124-100s from service following an engine failure that forced one aircraft to make an emergency landing in Russia. The suspension put a big dent in the supply of ultra-large aircraft for project cargo, such as wind tower...

https://s29755.pcdn.co/news/volga-dnepr-returns-first-an-124-from-safety-suspension

Emirates delivers first COVID-19 vaccines to UAE

A cargo container on the tarmac at night after being unloaded from a large jet.

Emirates has delivered the first COVID-19 vaccines produced by Pfizer Inc. (NYSE: PFE) and German partner BioNTech to the United Arab Emirates. The shipment for the Dubai Health Authority arrived in Dubai on a regularly scheduled Boeing 777 passenger flight from Brussels, the airline announced Wednesday.

On arrival, the containers with vaccines were the first to be unloaded from the aircraft and taken to Emirates SkyCargo’s dedicated pharmaceutical facility to be stored at ultra-cold...

https://s29755.pcdn.co/news/emirates-delivers-first-covid-19-vaccine-to-uae

Samsara’s technology solutions land it in the FreightTech 25

Samsara ranked No. 16 in the FreightTech 25.

Industrial Internet of Things (IoT) leader Samsara ranked No. 16 in the FreightTech 25 this year. Samsara provides software and sensors to monitor and manage commercial fleets and industrial operations. 

The company is innovating rapidly with over 200 new product updates this year, according to VP of Product Management Alexander Stevenson. Samsara expanded greatly this year, he said, reaching 20,000 customers in the energy, food and beverage, construction and manufacturing, and transportation...

https://s29755.pcdn.co/news/samsaras-technology-solutions-land-it-in-the-freighttech-25

FreightWaves Classics: Trucking companies’ names range from A to Z (Part 5)

Serving eight states in the Mountain West, this AFS tractor pulls twin-trailers of grocery store products. (Photo: Jim Allen/FreightWaves)

Deregulation of the U.S. trucking industry began in the late 1970s. Congress passed the Motor Carrier Act of 1980 and it was signed into law by President Carter on July 1, 1980. This ended 45 years of onerous regulation by the federal Interstate Commerce Commission (ICC).

One of the most dramatic changes that occurred due to deregulation was the virtual explosion in the number of trucking firms. From 1980 to 1990, the number of licensed carriers doubled – from fewer than 20,000 to more than...

https://www.freightwaves.com/news/freightwaves-classics-trucking-companies-names-range-from-a-to-z-part-5

FreightWaves announces Global Supply Chain Week virtual conference

Global Supply Chain conference

Toilet paper and cleaning supply shortages are just two of the memories Americans will have when 2020 is revisited. But the shortages revealed something else about America: how important the often unseen and rarely talked about (outside of the industry) supply chain is to the nation’s economic engine.

The supply chain finally got its due in 2020, and that spotlight will continue into 2021.

FreightWaves is hosting Global Supply Chain Week — actually eight full days total — of virtual content...

https://s29755.pcdn.co/news/free-global-supply-chain-week-virtual-conference-announced

FreightWaves Classics: A.P. Moller – Maersk is a world leader in transportation and logistics

More than 70% of the imports that reach the United States come by ship and enter the country through its ports. One of the largest shipping companies in the world – A.P. Moller – Maersk – carries a share of those imported goods. 

According to the company website, “A.P. Moller – Maersk is an integrated transport and logistics company with multiple brands and is a global leader in container shipping and ports. The company employs roughly 76,000 employees across operations in 130 countries.”

It is a...

https://www.freightwaves.com/news/freightwaves-classics-ap-moller-maersk-is-a-world-leader-in-transportation-and-logistics

ContainerPort Group adds FSI Inc. to portfolio

FSI to operate as CPG on Jan. 1

Trucking and intermodal drayage company ContainerPort Group announced that end-to-end intermodal provider FSI Inc. and its independent contractors will transition to the CPG brand on Jan. 1.

The acquisition closed in October. Financial terms were not disclosed.

Charlotte, North Carolina-based FSI operates container terminals in the Carolinas, providing cross-docking, warehousing, yard operations, drayage, and maintenance and repair services. The company’s facilities connect to the rail lines of...

https://s29755.pcdn.co/news/containerport-group-adds-fsi-inc-to-portfolio

AIT Worldwide Logistics buys German forwarder Fiege

A white truck below tail of a white aircraft delivering cargo.

AIT Worldwide Logistics on Monday announced a firm agreement to acquire German-based FIEGE Group’s international freight-forwarding division, the latest in a string of transactions implementing the company’s expansion strategy.

The move increases AIT’s global footprint by adding locations in Belgium, China, Germany, Italy, the Netherlands and Switzerland.

Itasca, Illinois-based AIT Worldwide provides a full suite of third-party logistics services, including international ocean and air freight...

https://s29755.pcdn.co/news/ait-worldwide-logistics-buys-german-forwarder-fiege

TorQuest acquires Canada cold storage giant VersaCold

VersaCold Logistics tractor-trailers at a loading dock. TorQuest acquired VersaCola, a large Canadian cold storage provider.

Private equity firm TorQuest Partners has acquired VersaCold Logistics Services, one of Canada’s largest cold storage and logistics companies, in a deal that reflects the strong growth opportunities in the Canadian market.

Toronto-based TorQuest, in partnership with the Canadian pension funds Investment Management Corporation of Ontario (IMCO) and OPTrust, purchased VersaCold from KingSett Capital and Ivanhoe Cambridge. The price and terms were not disclosed for the transaction, which was announc...

https://s29755.pcdn.co/news/torquest-acquires-canada-cold-storage-giant-versacold

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