Latest news – Page 482
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News
Retailers hopeful as US holds back on plan for more tariffs on Chinese goods
US retailers have expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.On Saturday, the US President said that he would hold off imposing 25% tariffs on ...
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NewsSwissport expands at Vienna with second cargo facility
Swissport International has opened its second air cargo warehouse at Vienna International Airport.The new cargo facility has a surface of 2,100 square meters, bringing Swissport’s total cargo space to 7,000 square meters at Vienna International.It has direct airside access, allowing shipments to be transported to and from the aircraft much ...
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NewsIndiGo appoints GSA Globe Air Cargo to cover Turkish market
Indian airline IndiGo has launched cargo activities between Istanbul (IST) and New Delhi (DEL) via its new GSA, Globe Air Cargo Turkey – which becomes the first GSA to represent the airline in that country.Founded in August 2006, IndiGo has grown to have an Indian marketshare of 49.9% and now ...
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NewsCargolux freighter flights a work of art
Cargolux Airlines has transported 230 tons of artwork from the US to Basel, Switzerland, ahead of the Art Basel Fair 2019.The priceless commodities, totalling 104 pallets, were spread out over eight flights, three originating from Los Angeles and five from New York.Upon arrival in Luxembourg, the precious cargo was loaded ...
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NewsSwedish forwarder to offer 'carbon free' airfreight
Sweden-based freight forwarder Scandinavian Logistics Partners (Scanlog) will cease selling traditional airfreight and is now launching Always Carbon Offset Airfreight programme as it becomes the latest transport firm to make an environmental pledge.The company will from now on offset for the CO2e* emissions caused by the airfreight, including pre- and ...
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NewsLATAM Cargo targets pharma and automotive with new Copenhagen freighter
LATAM Cargo and Copenhagen Airport's teamLATAM Cargo has become the first cargo airline to offer a direct service between Scandinavia and Latin America by adding Copenhagen as a new destination to its network.The airline said the new weekly route cuts transit times by up to 48 hours by reducing the ...
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NewsPolar Thermal adds new packaging system
Polar Thermal has launched a new lightweight, single use, modular system, the ‘PolarPod’, for deep frozen, chilled or ambient shipments.With a liner of insulated foil wrapped Polartherm fibre and appropriate coolants/gel packs/phase change packs, the system will deliver the following results over either 30, 48 or 72 hours: Deep Frozen ...
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News
Air Canada completes Transat acquisition
Air Canada and Transat announced today that they have concluded a definitive Arrangement Agreement that provides for Air Canada's acquisition of all issued and outstanding shares of Transat and its combination with Air Canada.Under the terms of the binding agreement, unanimously approved by the Board of Directors of Transat, Air ...
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NewsUS-China trade tensions dent air cargo outlook
The DHL Global Trade Barometer (GTB) is indicating a contraction in worldwide trade over the next three months for the first time since its launch in January 2018.The quarterly trade index for the coming three months now stands at 48 points, which as it is below 50, indicates expectations of ...
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NewsDigital platform FreightBro signs MoU with Middle East logistics group
NAFL MoU SigningIndia-based freight forwarder platform FreightBro has signed a Memorandum of Understanding (MoU) with The National Association of Freight and Logistics, (NAFL), Dubai, to help its 400 members to digitise their services.With this partnership, the forwarders in the Middle East region will be able to access import rates for ...
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NewsUK appoints logistics duo to advise on Brexit backstop solutions
The UK government has made two key logistics appointments as it looks to deliver its Brexit commitment to find workable alternatives to the Northern Ireland backstop when Britain leaves the European Union (EU).Peter MacSwiney, chairman of Customs clearance software provider ASM, has been appointed to a new Technical Alternative Arrangements ...
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NewsDB Schenker’s tailor-made outfit for textile hub Bangladesh
DB Schenker has opened a new entity in textile hub Bangladesh, identified as a priority market for the global freight forwarder with headquarters in Germany.Said a spokesperson for the logistics player: “Whereas before, customers relied on the service of a partner, Schenker Logistics (Bangladesh) Limited will now be fully operational ...
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NewsMASKargo targets halal shipments
Japan-bound Halal frozen food being loaded in specially labelled ULDMASkargo is targeting the halal food market after receiving the halal certification from the Malaysian Department of Islamic Development (JAKIM).Ibrahim Mohamed Salleh MASkargo’s chief executive said: “The global halal market is right now worth close to $2trn per annum. I am ...
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News
FedEx reports Q4 results and warns of a tough year ahead
FedEx reported a fourth quarter fiscal year loss and has warned that earnings for 2020 will be affected by weakness in global trade.The company reported a fourth-quarter revenue increase of 2.9% to $17.8bn, but a net loss of $1.97bn compared with a profit of $1.13bn for the prior year.The company ...
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NewsHactl signs up to new ULD Code
(L to R) Bob Rogers (Vice-President, ULD CARE), Wilson Kwong (Chief Executive, Hactl) and Urs Wiesendanger (President, ULD CARE) with the Code of Conduct Agreement.Hong Kong Air Cargo Terminals Ltd (Hactl) is the latest air cargo organisation to throw its weight behind ULD CARE’s new Unit Load Device (ULD) Code ...
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NewsCargolux adds Jakarta to global network
Cargolux has launched a weekly Boeing 747 freighter service to Jakarta (CGK), the 16th destination on the Luxembourg-based freighter operator’s Asia-Pacific network. The flight leaves the Luxembourg on Sunday and arrives in Jakarta on Monday. The rotation then continues through Hong Kong and Ashgabat before returning to Luxembourg on ...
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News
Fred Smith of FedEx slams 'protectionist' US trade policy
FedEx founder Fred Smith has renewed his criticism of President Trump and his administration’s simmering trade dispute with China, saying that the US had become “protectionist,” defined as: “I will make everything I need in my own borders”.Smith, chairman and chief executive of the US parcels and logistics giant, told ...
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News
Cathay Pacific Cargo says flexibility is key in tough market
Cathay Pacific believes that an agile approach to making network changes will help the carrier combat current weak market conditions.Writing in the airline's Cargo Clan publication, head of cargo markets and products John Cheng said that it is well known that cargo is a cyclical business and that "all signs ...
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News
IATA responds to Dutch plans for green tax on air cargo and passengers
IATA has published research claiming that people would rather see investment in green aviation technology than "environmental taxes" following the Dutch government announcing plans for a new tax on air cargo and air travel.The Dutch government has submitted proposals to introduce a charge of €3.85 per tonne of cargo for ...
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UK businesses struggling to fund Brexit preparations
Declining profit margins have left UK logistics businesses struggling to fund their Brexit preparations, according to the 2019 Logistics Report.Launched by FTA, which represents the interests of the sector, in association with Santander Corporate and Commercial Banking, the report polled the opinions of more than 500 freight and logistics businesses ...