Business – Page 48
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NewsEtihad Airways signs MoU for UAE-China air cargo
Etihad Airways and Henan Province Airport Group have signed an air cargo MoU. Photo: Etihad AirwaysEtihad Airways and Henan Province Airport Group plan to establish a strategic partnership that will boost air cargo business between the UAE and China.The national airline of the UAE and the parent company of Zhengzhou ...
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News
K+N targets Africa with network expansion
Freight forwarding giant Kuehne+Nagel (K+N) has expanded its presence in Africa through the addition of several new offices across the continent.The Switzerland-headquartered company told Air Cargo News that it began the expansion project in 2021 with the second phase being completed this year.In total, K+N has added 10 countries to ...
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NewsSupply chain issues continue to weigh down air cargo growth
Ongoing supply chain issues continued to weigh down air cargo demand growth in December but rates continued to surge.According to figures from CLIVE Data Services, air cargo demand in December - traditionally the peak season - fell by 5% compared with the same month in 2019 (used for comparison to ...
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InsightsSupply chain spotlight: 2021 UK air cargo review
2021 proved to be a vital year for the air cargo industry; ongoing sea shipping disruption saw many companies utilise airfreight as a quick and reliable way to transport goods, with airfreight prices soaring to two-and-a-half-times higher than pre-pandemic levels. Alongside soaring demand, Brexit and decarbonisation continued to remain challenges ...
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NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
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NewsPhiladelphia secures funding for cargo expansion
Philadelphia International Airport. Copyright: Piotrus, CC BY-SA 3.0 , via Wikimedia CommonsUS Federal Government funding will help Philadelphia International Airport (PHL) roll out its $1.2bn cargo expansion programme.Infrastructure Investment and Jobs Act funding awards for fiscal year 2022 will see the City of Philadelphia Division of Aviation receive $30,721,947 for ...
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NewsQatar Airways launches legal battle
Qatar Airways is seeking a US$600m payout from Airbus following issues with its Airbus 350 fleet. Photo: AirbusQatar Airways has issued legal proceedings against Airbus in the Technology and Construction Court of London's High Court of Justice.The airline said it has taken the action because it has “failed in all ...
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Delta Cargo looks to technology in 2022
Technology development will be prioritised by Delta Cargo next year with a “dynamic pricing engine” set for launch.Rob Walpole, vice president at Delta Cargo, said the business has made digitalisation progress, but it aims to further provide differentiated products and services for customers.“We already have a few initiatives teed up ...
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NewsSupply chain cash flow made easier
Image source: PixabayPayCargo Capital has secured a substantial lending alliance that will enable freight forwarders and beneficial cargo owners to apply for and receive credit right at the point of paying freight costs.The partnership between PayCargo Capital and Evolve Bank & Trust will immediately fund the “PayCargo Line of Credit”, ...
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News
Bolloré in talks to sell Africa logistics business
The Bolloré Group is holding talks with container shipping giant MSC over the sale of its African logistics division.The French company said that it had received an offer from MSC to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on ...
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NewsTata Group's Air India acquisition approved
Air India plane. Copyright: aeroprints.com, CC BY-SA 3.0 , via Wikimedia CommonsThe Tata Group’s acquisition of Air India has been approved by the Competition Commission of India (CCI).Following the divestment of Air India Limited (Air India), the Tata Group has won a bid to acquire the entire company, including the ...
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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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NewsNavia finds Keys to expanding its network and offering
Melbourne-headquartered Navia has extended its Australian network with the purchase of Perth-based Keys Freight and Logistics.Logistics company Navia now has locations in four Australian cities and an expanding global footprint with offices in strategic locations around the world.Keys Freight and Logistics was founded in 2015 and has expert knowledge of ...