Business

Kuehne+Nagel sees slower Q3 airfreight growth

By Rebecca Jeffrey

Kuehne+Nagel’s (K&N) air logistics division saw positive but slower growth in the third quarter of 2022 as airfreight market capacity…

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ACS reports record H1 revenues as cargo demand continues to soar

By Damian Brett

Broker Air Charter Service reported record revenues in the first half of the year as firms turned to aircraft charters…

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DP DHL to raise outlook following improvement in e-commerce

By Damian Brett

Deutsche Post DHL will raise its outlook for operating profits after consumer e-commerce demand picked up in the third quarter…

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‘Jumpy’ airfreight market sees spot rates fall again

By Rebecca Jeffrey

General airfreight spot rates have fallen as the air cargo market faces lower demand and more capacity. According to the…

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Magma Aviation benefits from demand for long-term freighter deals

By Damian Brett

Freighter operator Magma Aviation last year benefitted from demand for long-term contracts as companies looked to avoid space shortages by…

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Wiremind Cargo adds revenue optimisation tool

By Rebecca Jeffrey

Wiremind Cargo has added a revenue optimisation system module within its CargoStack cargo management system (CMS) suite. The module, that…

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FedEx scales back operations following disappointing Q1 2022 results

By Rebecca Jeffrey

A drop in volumes and economic volatility “adversely impacted” FedEx’s results for the fiscal first quarter ended August 31, prompting…

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German government support fund sells remaining Lufthansa stake

By Rebecca Jeffrey

Germany’s Economic Stabilisation Fund (ESF) has withdrawn its interest in Lufthansa after the airline’s operations and income were hit by…

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Gesher and Freightos merger and listing plans progress

By Rebecca Jeffrey

Publicly-traded special purpose acquisition company Gesher I Acquisition Corp. and cargo booking portal Freightos have progressed their plans to merge…

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Freight data platform Xeneta raises funding to expand

By Damian Brett

Sea and airfreight data provider Xeneta has raised $80m in funding that will be used to expand its commercial team…

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