All Business Articles – Page 30
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NewsAirbus secures another A350F order
Copyright: Airbus S.A.S. 2021 - computer rendering by FIXION - MMS - 2021Airbus’ bulging order book for its A350F production line has secured another customer, with Air France-KLM signing a Letter of Intent (LOI) for four A350Fs and purchase rights for an additional four aircraft.The order, which aims to increase ...
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NewsCSafe Global acquires packaging provider
Softbox Systems is a passive packaging provider for the pharma and cold chain logistics industries. Photo: Softbox SystemsTemperature-controlled container firm CSafe Global has acquired Softbox Systems, a passive packaging provider for the pharma and cold chain logistics industries.Terms of the transaction were not disclosed. The combined company will operate globally ...
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News
Hellman suffers cyber attack data breach
Hellman Worldwide Logistics has confirmed that data from its servers was “extracted” during a recent cyber attack.Following the cyber attack on December 9, Hellman took its systems offline, however, an investigation by the company has now confirmed data was accessed prior to this action.“We are currently investigating what type of ...
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NewsCyber attack victim bounces back
Photo: Hellmann Worldwide LogisticsOperations are “largely running again” for Hellmann Worldwide Logistics following a cyber attack, but a data breach cannot be ruled out.Hellmann Worldwide Logistics confirmed the cyber attack on December 9, though it was unable to confirm whether any data has been leaked. The company has not named ...
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NewsMondiale VGL grows with acquisition
From left to right: George Schirato (Mondiale VGL Director); Louise Rigoni (CAS Director); Mark Callus (CAS Director); and Chris James (Mondiale VGL COO). Copyright: Mondiale VGLAustralasian end-to-end supply chain giant Mondiale VGL has acquired a South Australian-based customs and logistics business.Mondiale VGL, the largest, privately-owned international freight forwarding and logistics ...
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NewsHellmann hit by cyber attack
Hellmann Worldwide Logistics has confirmed a data breach. Photo: Hellmann Worldwide LogisticsHellmann Worldwide Logistics has been hit by a cyber attack that has impacted operations.On December 9, the German logistics services company said external security specialists are working on restoring operations, but it is currently unable to confirm whether any ...
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NewsCool supply chain growth
Gianluca Marcangelo, senior manager cargo transformation at Challenge Group. Photo: Cool Chain AssociationChallenge Group has become a member of the Cool Chain Association (CCA) to drive improvements in the cool supply chain.The temperature-sensitive airfreight specialist will join the CCA’s new technical committee, with the aim of supporting cool supply chain ...
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Insights
Supply chains spotlight: Soaring demand in the skies
With the current disruption to deep sea shipping showing little sign of abating, many companies are looking towards air freight as an alternative, more reliable option for international logistics operations to protect the integrity of global supply chains.As reported in the UK's Daily Telegraph (November 2021), the air cargo sector ...
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NewsGlobal trade bounces back while interest in nearshoring recedes
Trade has bounced back to pre-pandemic levels while interest in the regionalisation of supply chains has receded, according to the latest Global Connectedness Index from DHL Express and NYU Stern School of Business.The overall Global Connectedness Index, which analyses globalisation across trade, capital, information and people, is on track to ...
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News
Transpacific airfreight rates reach new highs
Airfreight rates on the transpacific trade lane have continued to surge since the start of November as peak season demand kicks off and modal shift from ocean continues.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that last week prices on services from Hong Kong to North America ...
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NewsProfits continue to surge at DHL Global Forwarding
DHL Global Forwarding and Freight saw third-quarter earnings before interest and tax (ebit) more than double on last year while airfreight demand continued to surge.The Deutsche Post-owned forwarder saw third-quarter revenues increase by 53.3% year on year to €5.7bn and ebit was up 140% to €372m.Meanwhile, airfreight volumes in the ...
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NewsLufthansa's cargo business continues at record levels
Lufthansa's logistics division saw revenues and operating profits continue at record levels in the third quarter of the year as industry-wide air cargo capacity continues to be squeezed.The division, which includes Lufthansa Cargo as well as Jettainer, time:matters and an investment in AeroLogic, saw revenues surge 48% year on year ...
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NewsDSV: Supply chain constraints to continue into next year
DSV is expecting supply chain constraints and higher pricing to continue beyond the traditional peak season.Speaking to Air Cargo News, the Denmark-based forwarder's chief operating officer Jens Lund explained that there was no sign of the issues in ocean shipping or airfreight clearing up."The Chinese New Year [starting February 1]... ...
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NewsDSV's Q3 air volumes boosted by Agility GIL takeover
DSV saw its airfreight volumes and revenues grow by double-digit percentage levels during the third quarter of the year on the back of market growth and its Agility GIL takeover.The forwarder saw its third-quarter airfreight revenues increase by 78.7% year on year during the period to DKr18.4bn and volumes were ...
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News
Maersk set to swoop on Senator International?
Shipping giant AP Moller Maersk is in discussions to takeover Hamburg-based freight forwarder Senator International.Air Cargo News sister publication DVZ reports that the talks are at an advanced stage and a deal could be announced this week.Both companies declined to comment to DVZ.The deal would continue Maersk's push into supply ...
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News
Frankfurt-Hahn files for bankruptcy with Senator taking steps to secure operations
Flights are continuing at Germany's Frankfurt-Hahn airport despite the facility filing for bankruptcy, but forwarder Senator International has moved some of its operation away as a precaution.Air Cargo News sister title FlightGlobal reports that Jan Markus Plathner from Frankfurt-based Brinkmann & Partner has been appointed as administrator.Financing is being sought ...
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News
NAS expands cargo presence in Kenya through Siginon partnership
National Aviation Services (NAS) has acquired a 51% stake in Siginon Aviation which provides airport ground handling and cargo management services at two Kenyan airports.The deal means that NAS has expanded its presence in Africa through the addition of Nairobi and Eldoret airports in Kenya.NAS group chief executive Hassan El-Houry ...
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News
IATA adds 'quote and book' service to rate portal
Airline association IATA has added a ‘quote and book’ function to its rate portal, with IAG Cargo the first cargo group to offer the new functionality.The addition of live rates and the option to book shipments onto IATA's Net Rates platform will accelerate "the distribution of rates to market while ...
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NewsK+N profits surge with capacity constraints set to persist
Kuehne+Nagel (K+N) saw profits and air volumes soar in the third quarter thanks to higher rates in air and ocean and its investment in Apex Logistics.The forwarder saw third-quarter revenues increase 70.3% year on year to SFr8.6bn, earnings before interest and tax (ebit) was up 112.6% to SFr789m and net ...
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News
DP DHL's profits expected to continue to surge
Deutsche Post (DP) DHL's third quarter preliminary results show another boost in earnings before interest and tax (ebit).The express and postal giant said that its ebit is expected to reach €1.8bn in the third quarter, up from €1.4bn for the same period in 2020.Over the first nine months of the ...