Business

Flexport confirms it will cut its global workforce by 20%

Flexport has confirmed it will shrink its global workforce by “approximately 20%” as part of its plans to cut costs…

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SAL Saudi Logistics Services announces IPO

Saudi Arabian cargo handling and logistics firm SAL Saudi Logistics Services has announced an initial public offering (IPO). SAL Saudi…

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FedEx fights market weakness with continued cost cutting

FedEx said it has continued to focus on cost saving initiatives in response to weak express demand as it reported…

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Aircon raises over $3m in seed funding

Airfreight consolidation company Aircon has secured seed funding that will enable it to invest in industry partnerships, grow its AI…

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Wheels Up rescued with $500m in funding

Delta Air Lines, travel investment firm Certares Management and Knighthead Capital Management have stepped in to rescue troubled private jet…

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Cargojet focuses on costs as e-commerce volumes weaken

Canada-based freighter operator Cargojet will focus on cost reduction initiatives as a slowdown in e-commerce and business-to-business demand hit its…

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Air Canada Cargo revenue drops nearly 25% in Q2

Air Canada’s cargo business saw second-quarter operating revenues drop 24% year over year. Operating revenues for Air Canada Cargo in…

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Forward Air and Omni Logistics to merge

Global multimodal provider of air, ocean and ground services Omni Logistics will merge with Forward Air, a provider of transportation…

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Cathay Pacific reports lower cargo revenues in H1

Cathay Cargo saw its revenues decline in the first half of the year despite increasing volumes. The Hong Kong-hubbed carrier…

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Troubled Wheels Up Experience looks to stabilise operations

Private jet firm Wheels Up Experience – the parent of charter broker Air Partner – has moved to stabilise the…

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