Four US cargo carriers have been asked to hand back or demonstrate that they needed more than $630m in Covid-19…
Business
Finance
K+N reports improved airfreight market in Q3
20 / 10 / 2020
Kuehne+Nagel’s airfreight operating profits and revenues were up in the third quarter of the year on the back of improved…
DP DHL records “strong business development” in preliminary Q3 results
08 / 10 / 2020
Deutsche Post DHL has managed to achieve an increase in earnings before interest and tax (ebit) during the third quarter of…
PayCargo looks to expand after securing investment
29 / 09 / 2020
Digital cargo payment system PayCargo has secured funding that it will use to expand the business and develop new technologies….
John Menzies looks to expand in cargo despite volume decline
29 / 09 / 2020
Ground handler John Menzies saw its cargo volumes decline in the first half of the year but is looking to…
US DOT allocates $5.8m to Chicago RFD for cargo apron
25 / 09 / 2020
The US Department of Transportation (US DOT) has allocated $5.8m to Chicago Rockford International Airport (RFD) to expand its cargo operations….
E-commerce demand fuels FedEx revenues as it prepares for Covid vaccine
16 / 09 / 2020
FedEx saw its revenues and profits improve in its fiscal first quarter as a surge in e-commerce demand propelled performance….
Digital forwarder Beacon sheds light on its finance USP
02 / 09 / 2020
In June this year, UK-based digital freight forwarder Beacon made logistics headlines when it secured $15m in its Series A…
Kerry Logistics sees revenue and profits rise in H1 2020
27 / 08 / 2020
Asia-based Kerry Logistics has achieved increased revenues and profits in the first half of this year, demonstrating its “diversity, adaptability…
Virgin Atlantic Cargo launches operations between UK and Pakistan
27 / 08 / 2020
Virgin Atlantic Cargo is set to operate flights between the UK and Pakistan from December this year, after creditors voted…
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