Business

Airfreight rates on major trades remain down on 2023 levels in February

Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing…

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What’s driving Asia-Europe trade?

E-commerce is proving key for Asia-Europe trade, even as the Red Sea – Suez Canal shipping crisis throws up near-term…

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Airfreight’s role in the Red Sea shipping crisis takes shape

Supply chains continue to be under threat due to the Red Sea shipping crisis, and airfreight is busy establishing its…

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Kerry Logistics takes a majority stake in Business by Air

Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the…

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IATA stats show 18% increase in cargo demand for January

Air cargo demand increased by a “remarkable” 18.4% year on year in January – the second month in a row…

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E-commerce and perishables lift K+N after Q4 airfreight volume decline

E-commerce and perishables business helped soften the blow of a drop in airfreight volumes for Kuehne+Nagel (K+N) in the fourth…

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CMA CGM completes Bolloré Logistics acquisition

The CMA CGM Group has completed its largest acquisition since its formation with the takeover of Bolloré Logistics from the…

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IAG Cargo revenues drop 28% year on year

IAG Cargo saw a steep drop in year on year commercial revenues in 2023 against a backdrop of sustained soft…

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Bolloré’s contract logistics business grows with acquisition

Bolloré Logistics’ contract logistics subsidiary, Bolloré Solutions Logistiques (BSL) has acquired STEF Logistique Santé (SLS) to grow its contract logistics…

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FedEx Express opens regional headquarters

FedEx Express has opened new regional headquarters in Singapore to support its operations in Asia Pacific, Middle East, and Africa….

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