Business

Changi sees airfreight volumes down 8.3% in February

Another large Asian cargo hub has reported a bad start to 2019 as Singapore Changi Airport saw year on year…

Read More

Rhenus acquires World Net Logistics in South Africa

Germany’s Rhenus Group has continued its 2019 takeover spree by acquiring Johannesburg-headquartered freight forwarding and logistics specialist World Net Logistics…

Read More

FedEx warns of continuing weakness in global trade

FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade….

Read More

CMA CGM nears 90% of voting rights in CEVA Logistics

CEVA Logistics is likely to de-list from the SIX Swiss Exchange later this year after confirming media reports that French…

Read More

Lufthansa Cargo: airfreight boom comes to an end

Lufthansa Cargo has warned that the airfreight boom of the last two years has come to an end after reporting…

Read More

Rhenus buys Canada’s Rodair

Germany’s Rhenus Group has acquired Canadian logistics provider Rodair. The acquisition, terms were not disclosed, is subject to approval by…

Read More

Hong Kong air cargo down 14.4% in February due to “unfavourable macroeconomic conditions”

Hong Kong International Airport (HKIA) saw cargo throughputs plunge 14.4% in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”….

Read More

Asian air cargo faces short-term turbulence

The Asian air cargo industry faces turbulence over the coming months, with predictions of further demand declines. Speaking at the…

Read More

CMA CGM set for Ceva stake of almost 90%

According to a report by Reuters, CMA CGM now controls almost 90% of the voting rights in Ceva Logistics. This…

Read More

ACS adds Shanghai office

Air Charter Service (ACS) has expanded its Asia operations with the opening of a new office in Shanghai in March….

Read More