May 2018

OnTruck raises expansion funds

The OnTruck haulage platform has raised €25 million from a group of investors to fund its expansion across Europe and consolidation of its position in the UK and Spain. OnTruck’s network of vetted drivers and proprietary technology automates the matching of loads to trucks, and provides real-time GPS tracking of all shipments.   [+]

Bunker surcharges are return to dark ages, says shipper group

The Global Shippers Forum has described the emergency surcharges recently introduced by liner shipping conferences as “an unwelcome legacy of the cartel era”. GSF said that in recent weeks, the world's leading liner shipping companies have announced bunker surcharges in response to rising fuel costs “almost in unison”. In most cases, ... [+]

Brussels to overhaul VAT rules

The European Commission proposed detailed technical amendments to VAT rules on 25 May to make the system more fraud-resilient. It would end the 25 year old 'transitional' regime  by creating a single EU VAT area to help to shut down the estimated €50 billion in fraud a year. Under the ... [+]

Montrose wins modal shift money

Montrose Port Authority (MPA) has won a £1.5m Ports Mode Shift Grant from the Scottish Government. It will be added to a £5.9m investment by MPA to introduce a series of improvements which will allow larger cargo vessels to dock at the port, expected to remove 86,000 lorry journeys from ... [+]

Kerry buys South Africa forwarder

Asian-based forwarder Kerry Logistics Network has acquired Johannesburg-based Shipping and Airfreight Services. SAS offers ocean and air freight services, including LCL, FCL and break bulk services for ocean freight cargoes, direct air freight shipments, consolidation, and charter services, along with warehousing and distribution in the African market. The acquisition is ... [+]

DP World buys Peru terminal firm

DP World has completed acquisition of Peru-based Cosmos Agencia Marítima for $315.7 million. The integrated logistics provider holds 100% of the shares in Triton Transports and Neptunia, and 50% in Terminales Portuarios Euroandinos, the country’s the second largest container terminal. [+]

Blast from the past

On the 50th anniversary of the Roskill Commission report – which urged expansion of London’s airport capacity in the 1960s – business groups representing over 500,000 companies have written to the Prime Minister calling on her to table a vote on Heathrow expansion. They said that Heathrow expansion would double ... [+]

UPS launches two-way Hong Kong train service

UPS has launched a new full container load (FCL) rail service between Europe and Hong Kong in both directions following its earlier introduction of a Europe-to-China operation. The two-way service between Duisburg, Germany and Hong Kong is around 30% faster than ocean freight and about 60% cheaper than air freight, ... [+]

Irish exporters offer AEO course

The Irish Exporters Association (IEA) has launched the first AEO training programme in Ireland for international traders. Delivered through a series of one-day workshops, attendees will learn how to perform AEO self-assessment, gap analysis and risk assessment, providing businesses with the tools they need to independently develop, apply for and ... [+]

IRU calls for UK to remain in NCTS

The International Road Transport Union (IRU) has called for the UK to remain a member of the New Computerised Transit System (NCTS) and use other trade facilitation systems such as TIR, after Brexit. It also called for road transport operators established in either the EU or UK to continue to ... [+]

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