Business

Finance

US cargo carriers quizzed on PSP funds

By Damian Brett

Four US cargo carriers have been asked to hand back or demonstrate that they needed more than $630m in Covid-19…

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K+N reports improved airfreight market in Q3

By Damian Brett

Kuehne+Nagel’s airfreight operating profits and revenues were up in the third quarter of the year on the back of improved…

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DP DHL records “strong business development” in preliminary Q3 results

By Rachelle Harry

Deutsche Post DHL has managed to achieve an increase in earnings before interest and tax (ebit) during the third quarter of…

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PayCargo looks to expand after securing investment

By Damian Brett

Digital cargo payment system PayCargo has secured funding that it will use to expand the business and develop new technologies….

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John Menzies looks to expand in cargo despite volume decline

By Damian Brett

Ground handler John Menzies saw its cargo volumes decline in the first half of the year but is looking to…

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US DOT allocates $5.8m to Chicago RFD for cargo apron

By Rachelle Harry

The US Department of Transportation (US DOT) has allocated $5.8m to Chicago Rockford International Airport (RFD) to expand its cargo operations….

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E-commerce demand fuels FedEx revenues as it prepares for Covid vaccine

By Damian Brett

FedEx saw its revenues and profits improve in its fiscal first quarter as a surge in e-commerce demand propelled performance….

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Digital forwarder Beacon sheds light on its finance USP

By Rachelle Harry

In June this year, UK-based digital freight forwarder Beacon made logistics headlines when it secured $15m in its Series A…

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Kerry Logistics sees revenue and profits rise in H1 2020

Asia-based Kerry Logistics has achieved increased revenues and profits in the first half of this year, demonstrating its “diversity, adaptability…

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Virgin Atlantic Cargo launches operations between UK and Pakistan

By Rachelle Harry

Virgin Atlantic Cargo is set to operate flights between the UK and Pakistan from December this year, after creditors voted…

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