Business

DSV reports on a strong year

By Mike Bryant and Damian Brett

Denmark-headquartered supply chain services provider DSV has revealed strong results for 2022, which it said had been driven by “good…

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CLIVE points to continued uncertainty in the air cargo market

By Mike Bryant

Industry analyst CLIVE Data Services has said that global air cargo demand continued to fall in January, down 8% year…

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Qatar Airways and Airbus reach settlement in A350 row

By Rebecca Jeffrey

Airbus and Qatar Airways have reached a settlement regarding their legal dispute over A350 surface degradation and the grounding of…

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DB Schenker in it for the long-haul with cargo charter network

By Damian Brett

DB Schenker will continue its air cargo charter operation for the long-term and expects other forwarders to do the same…

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UPS revenues hit by market downturn

By Mike Bryant

Express services giant UPS was hit by air cargo demand decline in the fourth quarter of 2022. The cargo carrier’s…

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Freightos begins trading as a public company

By Rebecca Jeffrey

Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq…

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Air charter demand rising

By Rebecca Jeffrey

The global air charter services market is expected to be valued at $31.9bn in 2023, according to a US market…

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Lufthansa submits offer to acquire a stake in ITA Airways

By Rebecca Jeffrey

Lufthansa has confirmed it aims to acquire a minority stake in Italian national carrier ITA Airways with options for a…

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CargoLogicAir expected to have funds to pay creditors

By David Kaminski-Morrow, FlightGlobal

Administrators of UK-based freight operator CargoLogicAir expect to realise sufficient funds to pay all creditors in full, but have outlined…

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SATS shareholders approve WFS acquisition

By Damian Brett

Singapore-based SATS’ shareholders have voted to approve the planned takeover of cargo-handling giant Worldwide Flight Services (WFS). At an Extraordinary…

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