Freight forwarder Flexport has raised $260m in funding from e-commerce platform Shopify. The company, which last year had to make…
Business
Retail’s Red Sea move feeding airfreight volumes?
19 / 01 / 2024
Signs are starting to emerge that retail shippers are sending more goods by airfreight as the Red Sea crisis continues,…
Top German cargo hubs see cargo volumes slide in 2023
18 / 01 / 2024
Leading German cargo hubs Frankfurt and Leipzig/Halle both saw their cargo volumes fall in 2023 as the economic conditions put…
Freighter financing deal for Crestone Air Partners
18 / 01 / 2024
Aviation asset management platform and lessor Crestone Air Partners (CAP) has secured financing for more freighters. Ashland Place Finance LLC,…
TIACA and ALTA sign MoU aimed at cargo development
17 / 01 / 2024
TIACA and The Latin American and Caribbean Transport Association (ALTA) have signed a Memorandum of Understanding (MoU) to foster improvements…
Red Sea-related demand yet to materialise but enquiries rise
16 / 01 / 2024
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers…
Airfreight rates expected to slide this year on 2023 levels
15 / 01 / 2024
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return…
Gradual increase in airfreight expected as Red Sea crisis could last months
15 / 01 / 2024
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could…
Vancouver Airport in line for major expansion funding
12 / 01 / 2024
The Government of Canada will invest up to C$74.3m at Vancouver International Airport to enable it to handle more cargo. This…
DHL, FedEx and UPS face India competition probe
12 / 01 / 2024
DHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations. Newswire Reuters…
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