Sectors – Page 19
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NewsCargojet continues to cut costs as third quarter revenue drops
Ajay Virmani. Photo: CargojetCanada-headquartered freighter operator Cargojet is continuing to cut costs as it reported a drop in third quarter year-on-year revenue.Total revenue for the third quarter of this year (ended September 30) was C$214m, compared to third-quarter 2022 revenue of C$232.7m.Net earnings for the quarter were C$10.5m (with a ...
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NewsDHL holds out against lower volumes in Q3
DHL Group HQ in Bonn. Image Source: DHL GroupA logistics market that is continuing to return to pre-pandemic normality in the wake of the spike in demand seen during the Covid crisis, coupled with an unsettling global geopolitical and economic situation, has impacted DHL Group’s newly released third-quarter financial results.As ...
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NewsTower Cold Chain offers Evolution in pharma shipping
Tower Cold Chain Evolution 1600. Image Source: Tower Cold ChainPassive temperature-controlled container supplier Tower Cold Chain has developed an ultra-lightweight product compatible with US and EU pallets.The Evolution 1600 Tower Universal Pallet is said to be suitable for all shipping needs, “meeting industry standards for a truly pan-global ...
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News
E-commerce service providers gearing up for Singles Day
There is likely to be a busy Singles’ Day for the e-commerce sector this year, says London-based online delivery service provider ParcelHero.With money tighter than ever, Singles Day is ideally timed for early-bird Christmas bargain hunters, ParcelHero believes. It said that we should expect a £2bn ($2.46bn) shopping spree this ...
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NewsUPS completes acquisition of MNX
UPS acquires MNX. Image Source: UPSIn late September, Air Cargo News (ACN) reported on express services giant UPS acquiring time-critical logistics services provider MNX Global Logistics.That deal has now been completed, the acquisition closing on November 2 following the granting of all the required regulatory approvals.Long Beach-headquartered MNX provides services ...
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NewsWCAworld boosts its e-commerce offering
WCAworld, which describes itself as “the world’s largest and most powerful network of independent freight forwarders”, has appointed a new e-commerce director and a new director of its World Parcel Alliance (WPA).Harald Oechsner has joined WCAworld as director – e-commerce and Steve Howard has joined the network as director of ...
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NewsDB Schenker all set for Singles’ Day and Black Friday
Inside a DB Schenker warehouse, Copyright DB Schenker Lauren WallenbergGermany-headquartered logistics giant DB Schenker is ramping up its e-commerce business as two important dates in the retail calendar approach: China’s Singles Day on November 11 and Black Friday on November 24.For e-commerce, they also mark the start of the most ...
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NewsKuehne+Nagel recertified for CEIV Pharma across its airfreight healthcare network
KN employee labelling a package for cooling. Image Source: Kuehne+Nagel Switzerland-headquartered Kuehne+Nagel has gained a third consecutive IATA CEIV Pharma certification for its entire airfreight healthcare network. CEIV Pharma is IATA’s Center of Excellence for Independent Validators standard for pharmaceutical handling, designed as a quality control yardstick ...
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NewsLufthansa Cargo opens new freighter service through Arlanda
Lufthansa Cargo A321 freighter. Image Source: SwedaviaLufthansa Cargo, the logistics arm of Germany’s flag-carrier, has introduced a new once-a-week service linking its home hub at Frankfurt Airport to the Scandinavian hub of Stockholm Arlanda Airport.The connection was launched on 4 November, with a newly acquired Airbus A321 freighter now ...
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NewsFedEx adds extra capacity between Vietnam and Europe
Source: FedExFedEx is expanding its presence between Vietnam and Europe with the addition of four weekly flights.The new Boeing 767 freighter flights will operate out of Ho Chi Minh City and connect with Europe in Paris CDG, Liege and Cologne through the express firm's Asia Pacific hub in Guangzhou.The flights ...
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Insights
Putzger perspective: The times, they are a-changin’
The logistics landscape is changing with significant shifts in trade flows, while the structure of e-commerce business is evolving, but this doesn’t mean air cargo will be left out in the cold… As Bob Dylan sang a few decades ago, ‘the times, they are a-changin’. Take cargo flows into the ...
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NewsRhenus targets growing perishables market with new China team
Source: nitpicker/Shutterstock.comLogistics firm Rhenus Group has added a dedicated perishables team to its operation in China on the back of increasing demand.The new team will be part of Rhenus Fresh and will target the transportation of goods between Greater China, Europe and Latin America, in particular Chile."Rhenus Chile's major trade ...
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News
Pharma.Aero takes aim at sustainability with new project
Air cargo group Pharma.Aero has launched a new project to identify the attributes required for an environmentally friendly transport of pharma products.The primary goal of the project is to assist pharmaceutical manufacturers and freight forwarders in integrating sustainability considerations into their freight procurement and lane assessment processes to help reduce ...
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NewsTransporting 196 horses is neigh problem for LATAM Cargo
Source: LATAM CargoLATAM Cargo is transporting a total of 196 horses for show jumping events at the Pan American Games currently taking place in Chile.The airline transported horses from the US, Colombia, Ecuador, Brazil, Argentina, Uruguay, Mexico, and Paraguay on its Boeing 767 freighters.In total, the company transported 91 horses ...
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NewsSwiss WorldCargo signs up for Pegasus ULD
Source: Swiss WorldCargoSwiss WorldCargo has signed up to use one of Sonoco ThermoSafe's temperature-controlled shipping containers.The airline has signed a master lease agreement to deploy the firm's Pegasus ULD starting this winter.The temperature-controlled container is approved by the US Federal Aviation Administration and European Union Aviation Safety Agency.Sonoco said its ...
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NewsWFS grows cargo capacity at JFK by 20%
An artist impression of how the new WFS cargo terminal in New York JFK will look when it opens in Q1 2025. Source: WFSWorldwide Flight Services (WFS) will increase cargo capacity at New York’s John F. Kennedy International Airport (JFK) by 20% in early 2025 with the opening of a ...
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NewsRock-It acquires Dell Will Customs Brokers
Rock-It Global car shipment. Photo: Rock-It GlobalRock-It Global, the provider of time-critical freight forwarding and logistics services for the live event, entertainment, sports, and broadcast industries, has acquired customs broker Dell Will to drive growth in the motorsports sector.Founded in 2000, Dell Will specialises in providing customs clearance services for ...
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News
Envirotainer invests in Canada
Secure cold chain solutions specialist Envirotainer has upgraded its Montreal station and invested in a new facility in Toronto to support Canada’s rapidly expanding biopharmaceuticals market.In Montreal, Envirotainer’s station is now fully equipped to handle its Releye containers. Customers can now release their orders directly from the station and make ...
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NewsFirst 767F flight for DHL Air Austria
DHL 767F. Photo: DHL GroupCargo airline DHL Air Austria has carried out the first flight of its first Boeing 767 freighter.This is a major milestone for DHL Express, which launched Vienna Airport-headquartered DHL Air Austria in November 2021.In a LinkedIn post on October 18, ">t-black">DHL Air (Austria), said: "We are ...
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NewsAustralia Post adds A330 freighter to support e-commerce demand
Australia Post A330 freighter. Photo: Australia PostAustralia Post has added a new freighter to its fleet to grow its capacity and support e-commerce demand.Operated in partnership with Qantas Freight, the newly converted Airbus A330-200P2F (passenger to freighter) aircraft will initially operate between the east coast of Australia and Perth on ...