Business

UPS to cut 12,000 jobs as market downturn bites

UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of…

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IATA: Air cargo improves in December but declines for the full year

Air cargo demand surged in December last year but it was not enough to push overall figures for the year…

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UPS still struggles with revenues in Q4

UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and…

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Airfreight rates on the up as January draws to a close

Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports…

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Flexport set for another round of job cuts

Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year. Tech publication The…

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US carriers see cargo revenues slide in 2023

The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United…

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January air cargo volumes “significantly up” on last year

Worldwide air cargo demand in January remains “significantly up” on a year ago with improvements across nearly all the main…

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Cargo-partner aims to head off Europe-Mexico disruption with new consol service

Logistics firm cargo-partner has expanded its air consolidation service by adding a new route between Germany and Mexico as it…

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Menzies grows in Hong Kong with Jardine investment

Menzies Aviation has invested in a 50% stake in Jardine Aviation Services Group (JASG) as it looks to expand operations…

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Sea-air to come to the fore as Red Sea crisis drags on

Kerry Logistics has reported increased interest in its sea-air services, mirroring reports of growing enquiries for alternatives to ocean shipping…

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