Business

Nippon Express moves into the top-five airfreight players with cargo-partner deal

Nippon Express Holdings has completed its acquisition of several cargo-partner businesses based in central and eastern Europe. The shares of…

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Air Cargo News’ most-read stories 2023

The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred…

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Korean Air targets completion of Asiana acquisition in 2024

Korean Air said it expects to complete the acquisition of Asiana Airlines this year, as it acknowledged that the process…

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DB Schenker sale process underway as firm is officially on the market

Deutsche Bahn has confirmed that subsidiary DB Schenker is officially up for sale a year after it began examining the…

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Abu Dhabi wealth fund eyes DB Schenker?

It is just over a year ago that Deutsche Bahn announced it would examine how best to offload freight forwarding…

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Realterm acquires Calgary Airport air cargo facility

Global investment manager Realterm has acquired the Airfreight Logistics Centre at Canada’s Calgary International Airport to expand its transport logistics…

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ECS Group expands in Latin America with latest acquisition

Sales agent ECS Group has expanded its presence in Latin America with the purchase of Americas GSA. Americas GSA employs…

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AIT Worldwide Logistics acquires pharma forwarder

US-headquartered global freight forwarder AIT Worldwide Logistics has acquired Mach II Shipping Ltd, a UK-based freight forwarder specialising in worldwide…

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Hellmann expands into Ireland with new business

Hellmann Worldwide Logistics has expanded into the Republic of Ireland with the opening of its first branch. The forwarder’s new…

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K+N buys Canadian customs broker

Kuehne+Nagel (K+N) has purchased Canadian customs broker Farrow as it responds to “increasingly complex international trade regulations”. Farrow employs 830…

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