Analysis: CVC-backed Scan Global - more growth, more debt, more losses - The Loadstar

Comment / Analysis: CVC-backed Scan Global - more growth, more debt, more losses Regardless of the bullish narrative* concerning the achievements of Denmark's Scan Global Logistics (SGL) in the first quarter (Q1 25), disclosed on 20 May, the bullet question in Premium's marketplace is: how is private equity (PE) really faring in asset-light transport & logistics? (*We don't have to look any further than here and here.) The forwarder, owned by CVC Capital Partners for just over two years - at the start of 2025 rightly predicting 'a bumpy' road ...

Dates to watch for in the latest chapter of TACO's tariff travail - The Loadstar

The whiplash continues. As expected, the White House won a reprieve in an appeals court, which allowed a temporary pause in the tariff ban while the appeal is heard. If the president loses, it will likely go to the Supreme Court. Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Ethiopian takes delivery of its last Boeing 777F

Ethiopian Cargo has received its 12th Boeing 777 production freighter on order as it continues to build its fleet. The aircraft, registered ET-BAC, left Boeing's Everett factory at Seattle Paine Field International Airport (PAE) in the US on 23 May, Flightradar24 records show. It flew from PAE to Addis Ababa Bole International Airport (ADD), arriving on 24 May. The aircraft has already carried out flights to Ouagadougou, Burkina Faso and Bamako, Mali. It is also scheduled to fly to Lagos, Nigeria on 27 May. "Ethiopian Cargo has received its 12th Boeing 777 freighter aircraft, ET-BAC. This milestone delivery not only expands our cargo capacity but also enhances our logistics network across key global markets, reinforcing our leadership in airfreight," said Ethiopian Cargo in a LinkedIn post on 27 May. "Ethiopian Airlines is honoured to be the recipient of this iconic aircraft, a testament to our strong partnership with Boeing and our continued investment in cutting-edge fleet technology." In January this year, Ethiopian took delivery of its 11th 777F, registered ET-BAB. Data from Planespotters shows that in addition to Ethiopian's 12 777Fs, the airline's fleet includes four converted 737-800Fs; three converted 767-300Fs and two newbuild 767-300Fs, which were delivered in December. Ethiopian Airlines serves 70 dedicated cargo and 140+ passenger destinations in Africa, the Middle East, Asia, Europe, and the Americas. Ethiopian Cargo offers a dedicated service for general and special cargo, including horticulture, pharmaceuticals, valuables, live animals and e-commerce.