Business – Page 9
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NewsForward Air considers sale
Photo: Shutterstock US transport company Forward Air is considering a potential sale or merger as part of a review of its financial performance and value. The Forward Air board of directors will consider options including a sale, merger or another strategic or financial transaction “to maximize shareholder ...
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NewsCIS acquires Acuitive’s AcuAudit
Generic Financial funding generic Photo: Number1411/ Shutterstock 530884729 Photo: Number1411/ Shutterstock Global provider of freight audit and payment solutions Cass Information Systems (CIS) – not to be confused with IATA’s CASS settlement platform – has acquired ocean and airfreight audit platform AcuAudit from Acuitive Solutions. AcuAudit is ...
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...
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NewsFedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight
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NewsCargoLogicAir stock at Schiphol and Han to be sold
CargoLogicAir’s stock at Schiphol and Hahn will be sold this year
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NewsScan Global Logistics acquires ITN Logistics Group
Scan Global Logistics has acquired ITN Logistics Group
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NewsTIACA signs up to Aviation 4 All declaration
Glyn Hughes, TIACA Glyn Hughes, TIACASource: TIACA TIACA has signed a joint declaration supporting the launch of the Aviation 4 All industry declaration developed by the International Aviation Forum (IAF). The declaration was developed by the IAF to set out clear goals to achieve sustainable growth and ...
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NewsWFS swoops on Wallenborn Outsourcing and adds fourth Copenhagen facility
WFS will open a fourth cargo terminal in Copenhagen
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NewsPeso and Air One gain court approval for takeover of Air Belgium’s cargo business
Air One and Peso Aviation gain court approval for takeover of Air Belgium’s cargo business
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NewsUS forwarder manager charged with illegal exports to Russia
The manager of a US forwarding company has been charged with flouting sanctions to ship items to Russia.
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NewsArdian becomes largest Heathrow Airport stakeholder
French private investment company Ardian has become the largest shareholder of London’s Heathrow Airport
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NewsKorean Air completes drawn out acquisition of Asiana
Korean Air has today completed the $1.3bn acquisition of Asiana Airlines
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NewsMenzies awarded IATA’s CEIV Li-batt certification
Menzies Aviation has been awarded IATA’s Center of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt)
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NewsExecutive team shuffle for SEKO
SEKO Logistics has announced several new senior appointments with the successful close of its previously announced recapitalisation
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NewsIATA launches air cargo device assessment programme
IATA has launched an ‘Air Cargo Device Assessment Programme’ with the aim of validating air cargo tracking devices
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NewsIATA launches air cargo device assessment programme
Photo: Jaromir Chalabala/ Shutterstock The International Air Transport Association (IATA) has launched an ‘Air Cargo Device Assessment Programme’ with the aim of validating air cargo tracking devices, data loggers and sensor-equipped devices for compliance with industry safety standards. IATA explained the assessment programme aims to support more ...
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NewsStonepeak takeover of ATSG to progress as 'go-shop' period expires
Photo: EFW Investment firm Stonepeak’s $3.1bn takeover of freighter aircraft leasing giant ATSG will move ahead following the expiration of a go-shop period. The two businesses entered into a definitive agreement for the deal in early November but this included a 35-day go-shop period, which came to ...
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News
UK and Dutch investors await approval to pick up Air Belgium’s freight operations
UK long-haul freight specialist Air One Holdings International and a Dutch firm, Peso Aviation Management, are looking to take over the cargo operations of struggling carrier Air Belgium. The two investors have submitted an offer to a business court which, according to Air Belgium, is set to issue a decision ...
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NewsTIACA launches two new industry awards
Source: ShutterstockAir cargo association TIACA is launching two new industry awards to recognise industry leaders and rising stars.The Industry Leadership Award will recognise an individual who has been identified by the next generation of air cargo professionals as an inspirational figure who has "demonstrated a profound current impact on the ...
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NewsAir cargo avoids crazy peak season despite continued growth in November
Source: Supakitswn/ shutterstock.com Air cargo demand continued to increase at double-digit percentage levels in November but the industry managed to avoid supply chain chaos despite the rapid growth. The latest figures from data firm Xeneta show that air cargo demand increased by 10% year on year in ...