Business – Page 8
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NewsAir Canada cargo revenues up 7% in 2024
Air Canada’s 2024 cargo operating revenues were up 7% year on year helped by belly cargo in the Pacific and freight in the Americas
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NewsSG Holdings acquires top 20 airfreight player Morrison Express
Japan’s SG Holdings has acquired top 20 airfreight forwarder Morrison Express as it looks to expand its presence in the forwarding market
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NewsATSG shareholders approve Stonepeak takeover
Investment firm Stonepeak’s $3.1bn takeover of freighter aircraft leasing giant ATSG has taken another step forward following shareholder approval
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NewsCathay Cargo in ONE Record first for forwarder operations
Cathay Cargo has become the first carrier to adopt the International Air Transport Association’s (IATA) ONE Record data protocol in some of its day-to-day operations with forwarders
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NewsAccelerated Global Solutions invests in KGW to grow transpacific presence
New York-based Accelerated Global Solutions has acquired a 15% stake in KGW Logistics in order to strengthen its presence on the transpacific trade lane
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NewsDSV predicts volatility after air improvements in 2024
DSV saw its airfreight volumes and revenues improve in 2024 and is preparing for a volatile market and the completion of its Schenker takeover in 2025
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NewsHellmann looks to expand in the Americas following HPL takeover
Hellmann Worldwide Logistics has acquired all shares in perishable logistics specialist HPL Apollo from co-owner Mercury Aviation
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NewsScan Global Logistics adds presence in Tanzania
Fast growing Scan Global Logistics has opened an office in Tanzania as it looks to capitalise on agriculture, mining and infrastructure projects
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NewsWFS Holland completes acquisition of Menzies World Cargo at Schiphol
Worldwide Flight Services (WFS) Holland has completed its acquisition of Menzies World Cargo (Amsterdam) at Schiphol
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NewsSaudia Cargo volumes boosted by e-commerce demand
Saudia Cargo saw its air cargo volumes increase by double-digit levels last year as e-commerce, local exports and additional flights boosted performance
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NewsJapan approves ANA Holding’s takeover of Nippon Cargo Airlines
ANA Holdings has received approval for its planned takeover of Nippon Cargo Airlines (NCA) from Japan’s Fair Trade Commission (JFTC)
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NewsUPS plans to offload 50% of Amazon business
Shares in express giant UPS fell today after the company revealed plans to offload 50% of its business with its largest customer Amazon
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NewsAmerican Airlines sees cargo revenues slide despite demand growth
American Airline’s cargo revenues declined last year despite volumes increasing and its main US rivals reporting an improvement
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NewsIndustry gears up for IATA WCS 2025
This year’s IATA World Cargo Symposium (WCS) will be held in Dubai, UAE on 15-17 April
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NewsDelta’s 2024 cargo revenue up 14%
Delta Air Lines reported a 14% year-on-year increase in cargo operating revenue for 2024 as it strives to boost its digital presence
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NewsIATA calls for international coordination when addressing security threats
IATA has called for international cooperation when developing future security requirements following the introduction of "disjointed" security measures last year
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InsightsPutzger perspective: Is the air cargo party coming to an end?
There are mixed opinions on how air cargo demand will pan out this year, with doubts over the longevity of e-commerce growth and sea-air modal shift
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NewsDanx Carousel continues expansion with LPR takeover
Time-critical logistics firm Danx Carousel has continued with its expansion programme through the acquisition of Germany-based LPR Group
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NewsAir New Zealand signs up for electric freighter
Air New Zealand and aviation finance firm Avolon have signed a letter of intent for the sale and lease back of an electric cargo aircraft from manufacturer Beta
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NewsUPS completes Frigo-Trans and BPL acquisitions
UPS has completed the acquisition of Germany-based Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe.