Another large Asian cargo hub has reported a bad start to 2019 as Singapore Changi Airport saw year on year…
Business
Rhenus acquires World Net Logistics in South Africa
21 / 03 / 2019
Germany’s Rhenus Group has continued its 2019 takeover spree by acquiring Johannesburg-headquartered freight forwarding and logistics specialist World Net Logistics…
FedEx warns of continuing weakness in global trade
20 / 03 / 2019
FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade….
CMA CGM nears 90% of voting rights in CEVA Logistics
19 / 03 / 2019
CEVA Logistics is likely to de-list from the SIX Swiss Exchange later this year after confirming media reports that French…
Lufthansa Cargo: airfreight boom comes to an end
18 / 03 / 2019
Lufthansa Cargo has warned that the airfreight boom of the last two years has come to an end after reporting…
Rhenus buys Canada’s Rodair
18 / 03 / 2019
Germany’s Rhenus Group has acquired Canadian logistics provider Rodair. The acquisition, terms were not disclosed, is subject to approval by…
Hong Kong air cargo down 14.4% in February due to “unfavourable macroeconomic conditions”
18 / 03 / 2019
Hong Kong International Airport (HKIA) saw cargo throughputs plunge 14.4% in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”….
Asian air cargo faces short-term turbulence
16 / 03 / 2019
The Asian air cargo industry faces turbulence over the coming months, with predictions of further demand declines. Speaking at the…
CMA CGM set for Ceva stake of almost 90%
15 / 03 / 2019
According to a report by Reuters, CMA CGM now controls almost 90% of the voting rights in Ceva Logistics. This…
ACS adds Shanghai office
15 / 03 / 2019
Air Charter Service (ACS) has expanded its Asia operations with the opening of a new office in Shanghai in March….
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