November 2021

CMA CGM to acquire one of the largest port terminals in the United States

The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing. As part of its plan, the Group will accelerate FMS’ development with ... [+]

A.P. Moller – Maersk to acquire Senator International

In an effort to strengthen its global air freight position, A.P. Moller – Maersk recently announced the intended acquisition of Senator International, a well-renowned global freight forwarding company with a strong air freight offering. Furthermore, to expand its own controlled air network, Maersk is adding aircraft to its operations: three leased ... [+]

Lufthansa Cargo partners with IBS Software

In a major step towards digitalization and improving quality in worldwide cargo handling, Lufthansa Cargo is partnering with IBS Software to digitalize critical handling processes for special products and services like dangerous goods, pharmaceuticals and fresh produce. The deployment represents significant progress for Lufthansa Cargo’s “Mobile Digital Handling” initiative, created ... [+]

Port of Long Beach Attracts Another Space Tech Tenant

The Long Beach Board of Harbor Commissioners approved an agreement with ABL Space Systems to build a spacecraft processing facility at the Port of Long Beach and use waterfront area for the delivery and shipping of its cargo. Founded in 2017, El Segundo-based ABL Space Systems will take over 8.06 acres ... [+]

Port Tampa Bay offers supply chain alternative

In 2013, Port Tampa Bay President & CEO Paul Anderson had a bold vision to grow Port Tampa Bay into a major container port. He encouraged shippers and retailers Reroute your thinking™ and look for more efficient ways to serve the growing Florida market. As congestion worsens elsewhere, Port Tampa ... [+]

5 Totally Awesome Reasons Why Sobriety is the Best Gift

The journey of recovery is an opportunity for redemption and self-improvement. It is a path where we learn to heal from our past mistakes, make amends, and rebuild our lives. Prioritizing recovery means that we are actively choosing to let go of the pain and destructive habits that held ... [+]