Business – Page 58
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News
FedEx to cut jobs and integrate TNT air network in Europe
Express firm FedEx plans to cut jobs in Europe and combine air networks as part of the integration of TNT.The US logistics giant acquired TNT for €4.4bn in 2016 as part of its European expansion plans and has been integrating IT systems and air, road and ground networks since then.The ...
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News
UK-Europe air charter Brexit flights begin to pick up
Air cargo demand between Europe and the UK is starting to pick up as some truckers have put the breaks on services and additional paperwork is creating hold ups.Many had been worried that queues of trucks could form at Dover-Calais border as companies adjusted to new paperwork requirements as result ...
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News
FedEx confirms acquisition of B777F from Etihad
FedEx Express has confirmed the recent acquisition of a Boeing 777 freighter aircraft from Etihad, as it continues its fleet modernisation.Manager of FedEx communications Jonathan Lyons said the aircraft will go into operation later this year.As of November 30 last year, the express giant had 46 B777 freighters in its ...
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Sponsored Content
Sponsored: Air Cargo — A Critical Factor in the Global Economy
Sponsored Content: When the Covid-19 virus began to make its way across the world, few had expected air cargo to be the critical factor in the economy it is now viewed as today. While previously unrecognised by many, air cargo has served as a vital lifeline for transporting many goods. ...
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News
Cargojet looks to add its first B777 freighters
Canadian carrier and lessor Cargojet has raised C$350m to increase its fleet with more B767 freighters and to buy its first B777Fs.The airline said a portion of the funds, raised through a share sale, would be used to fund the purchase of five B767Fs for delivery in 2021/2022 and two ...
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NewsCainiao launches cargo container booking service
Cainiao Smart Logistics Network, the logistics arm of Alibaba Group, has launched a container booking service for air and seafreight, which includes compensation for missed departures.As part of the service, Cainiao said container bookings will be confirmed in as fast as two business days after an order is placed by ...
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News
DHL achieves record earnings for full-year 2020
In its preliminary results for 2020, Deutsche Post DHL Group (DP DHL) has reported record earnings, despite the "challenging economic environment" experienced last year as a result of the coronavirus pandemic.The logistics and parcels giant achieved its highest operating profits (ebit) for the financial year: €4.8bn, which "significantly outperformed" its ...
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NewsDelta makes changes to cargo leadership team
Vishal Bhatnagar (left) and Jannie Davel (right)Delta Air Lines has made changes to its commercial and operations leadership within its cargo division.Effective immediately, the carrier has appointed Jannie Davel into the role of managing director, commercial, and has also promoted Vishal Bhatnagar to managing director, global cargo operations.Davel has more ...
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News
The insurance implications for airlines carrying Covid-19 vaccine cargo
In this guest-written article, Philip Clayton and Andy Bowman of risk management, insurance brokerage and advisory company Willis Towers Watson explore the insurance implications of carrying Covid-19 vaccines in air cargo.Covid-19 vaccine distribution may be an exciting opportunity for cash-strapped airlines, but carriers will need to work with their insurers ...
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News
Air Cargo News’ Top 10 most read in 2020
It’s fair to say that last year was a year like no other for the airfreight industry.Yet, as ever, the Air Cargo News was happy to keep you up-to-date with the latest news — the good, the bad and the unprecedented.And our reader numbers continue to rise, with pages read ...
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News
Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
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NewsSEKO looks to acquisitions following investment
James T. Gagne - SEKO LogisticsSEKO Logistics is targeting additional acquisitions, technology development and growth in key geographies after securing investment from Ridgemont Equity Partners.The deal will see the logistics firm's current majority shareholder, Greenbriar Equity Group, divest its stake but remain an equity owner. Terms of the transaction were ...
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NewsAir cargo continues to improve in November but Covid vaccine to add pressure
Air cargo demand continued to improve in November, while load factors remain high due to the loss of bellyhold capacity, according to the latest statistics from IATA.The airline association's data shows that during the peak season month, air cargo tonne kms declined by 6.6% compared with a year earlier. Over ...
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NewsCEVA continues expansion in Africa with another investment
CEVA Logistics has continued its "strategic" African expansion with an investment in a Moroccan freight forwarder.The freight forwarder today announced the purchase of the ASTI Group in Morocco.CEVA said the two companies had been working together for more than two decades and have delivered a range of multi-modal services to ...
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NewsCEVA rebrands recent African acquisition
CEVA Logistics has completed the rebranding of its summer 2020 acquisitions in Africa, with AMI and MANICA becoming CEVA Logistics from January 2021.The immediate rebranding does not include MANICA in Zimbabwe, Malawi and the borders, which will be branded MANICA a company of CEVA Logistics through to January 2022.As a ...
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News
DSV Panalpina completes Prime Cargo takeover
DSV Panalpina has completed the acquisition of Prime Cargo’s activities in Denmark, Poland and China from Japan-based forwarder Mitsui-Soko Group.Prime Cargo is headquartered in Kolding, Denmark, but operates internationally and also has freight, warehousing and logistics activities in both Poland and China. It specialises in e-commerce and fashion retail.“DSV Panalpina ...
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NewsQatar Cargo achieves pharma CEIV certification
QATAR AIRWAYSQatar Airways Cargo has been awarded IATA’s Centre of Excellence for Independent Validators (CEIV) certification in pharmaceutical logistics.The airline said the certification covers its operations, quality Management System and supplier management processes in Doha.Qatar Aviation Services Cargo, the airline’s ground handling partner, also received the IATA CEIV Pharma certification ...
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NewsRhenus Group expands in Mexico with new forwarding branch
Pamela Osornio, Managing Director for Rhenus Mexico. Picture source: Rhenus SE & Co. KG.Logistics firm the Rhenus Group has recently expanded its air and ocean division for the Americas to include Mexico City.The new branch will offer cross-border services to facilitate trade between the US and Mexico.The company said that ...
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NewsWorldACD: Air cargo demand dips in November but rates rise
Air cargo's gradual demand recovery slowed in November, but there were signs that volumes were picking up again in December, according to data provider WorldACD.The company's data for the month of November shows that in "a year like no other" volumes declined by 12.6% year on year but rates experienced ...
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News
FedEx profits soar as e-commerce volumes take off
FedEx saw fiscal second-quarter revenues and profits improve as e-commerce growth fueled record volumes.The express giant, which operates 680 aircraft, employs 600,000 people and has 200,000 vehicles, saw fiscal second-quarter revenues increase by 19% year on year to $20.6bn, operating income was up by 165% on a year earlier to ...