Supply chains – Page 26
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News
Forward Air and Omni Logistics to merge
Global multimodal provider of air, ocean and ground services Omni Logistics will merge with Forward Air, a provider of transportation services across the US, Canada and Mexico.The definitive agreement will create a combined company that generated approximately $3.7bn of adjusted revenue for the twelve months ended June 30."The combination of ...
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News
Silk Way West launches LA cargo route
Silk Way West Airlines has expanded its US network by adding weekly freighter flights to and from Los Angeles International Airport.The Baku-headquartered airline said it will transport a wide range of general cargo, perishables, oversized and e-commerce goods on the route.Los Angeles is one of the world’s largest cargo gateways, ...
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News
Workers at Canadian ports say yes to new deal
Workers at the ports of Prince Rupert and Vancouver in Canada have voted to accept a new deal that will put an end to industrial action and the threat of widespread supply chain disruption.The International Longshore and Warehouse Union (ILWU) Canada released a statement on August 4 that said: "The ...
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Insights
Putzger perspective: Not there yet
Are we there yet? One of the hallmarks of summer are cars headed to vacation destinations echoing with this refrain issued at frequent intervals by kids anxious to reach the end of the journey. Adults waiting for an outcome usually have a more judicious approach to the distance, but some ...
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News
cargo-partner launches Western Europe–Asia consolidation services
Austria-based international logistics specialist cargo-partner has introduced new airfreight consolidations between Western Europe and Asia.The weekly services link major airports in Austria, Germany, the UK, Sweden and the Netherlands with Delhi, Bangalore, Mumbai, Chennai, Shanghai, Bangkok, Hong Kong and Singapore.They include pre-carriage from anywhere in Western Europe as well as ...
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News
YTO Express adds Guangzhou–India links
Shanghai-headquartered express delivery company YTO Express is to launch three weekly Boeing 767-300 freighter flights linking Guangzhou Baiyun International Airport with Chennai, Mumbai and Delhi in India.According to a report by Chinese news agency Xinhua, each round trip will carry cargo including electronic products, automotive parts, textiles and machinery.The flights ...
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News
Canadian port workers deal on table to end strikes
Strikes at the ports of Vancouver and Prince Rupert are understood by Air Cargo News to have ended after the announcement of a new settlement for workers.Industrial action involving over 7,000 dockworkers belonging to the International Longshore and Warehouse Union (ILWU) Canada began on July 1 after the ILWU failed ...
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News
Aero Africa joins Global Logistics Summit Network
Air cargo management group Aero Africa has joined the Global Logistics Summit Network (GLSN)."Aero Africa is now supporting Senegal, Gabon, Eritrea, Equatorial Guinea, Congo-Brazzaville, Chad, Central African Republic, Cameroon, Burundi, Botswana, Cape Verde & DR Congo inside the GLSN forwarding network," said GLSN in a press release on July 31.According ...
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News
Hong Kong Air Cargo targets expansion
Hong Kong Air Cargo (HKC) has opened a new Greater Bay Area Office (GBA Office) in Shenzhen to expand its business in the region.According to a HKC LinkedIn post on July 31, chairman and president of HKC, ZHANG Youqiang, said: "The opening of our GBA Office in Shenzhen is a ...
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News
Canada port strikes called off
Strikes at the Canadian ports of Vancouver and Prince Rupert have been called off, putting an end to the threat of multimodal supply chain disruption.Over 7,000 dockworkers belonging to the International Longshore and Warehouse Union (ILWU) Canada went on strike at the ports on July 1, after the ILWU failed ...
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News
UPS talks with unions set to resume as strike action looms
Talks between UPS and union representatives are set to resume next week with potential strike action less than two weeks away.The express giant urged quick action to finalise a deal with the Teamsters union saying that members would not work beyond July 31 when the current deal is due to ...
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News
US forwarders told to brace for UPS strike action disruption
US freight forwarders have been told to brace for the impact of potential strike action at UPS and major trucking firm Yellow Freight going insolvent.Brandon Fried, executive director of the Airforwarders Association, said that supply chains are facing a "perfect storm" that would disrupt the flow of goods across the ...
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News
Challenge Group reports ongoing demand for end-to-end services
The Challenge Group benefitted from an increase in demand for end-to-end services that started at the height of the Covid pandemic but that has continued even after the easing of the crisis.Challenge Group chief commercial officer Or Zak said that the demand was fuelled by difficulty in securing transport service ...
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NewsAir Partner delivers time-critical ship spares
Photo: Air PartnerAir Partner said its cargo team has successfully delivered time-critical ship spares from West Palm Beach, US, to St. Croix, US Virgin Islands.The Air Partner Cargo team, based at the group’s US headquarter offices in Fort Lauderdale, responded to a charter request to carry 13 tons (12,940 kgs) ...
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News
Canada port strikes could see congestion and shift to airfreight
Ongoing strike action at the ports of Vancouver and Prince Rupert in Canada hasn't yet resulted in a shift of cargo from sea to air, but there could be disruption to supply chains yet, the Airforwarders Association (AfA) has warned.Over 7,000 dockworkers belonging to the International Longshore and Warehouse Union ...
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News
Have air cargo rate and volume declines bottomed out?
The big two questions posed in the latest Baltic Exchange air cargo market update were whether rates and volumes had reached the bottom.Tackling the question on demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, outlined three scenarios.Chan's bull thesis is ...
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NewsDHL Express opens Americas region hub in Atlanta
Photo: DHLDHL Express has opened its Americas region hub at Hartsfield-Jackson Atlanta International Airport (ATL) to strengthen its global supply chain capabilities.Spanning 100,000 sq ft, the $84.5m hub further strengthens the company’s connections and service capabilities between the US and key global markets.The hub establishes direct connections between 19 cities ...
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NewsAirfreight market "getting pretty nasty" as rates fall
Airlines are offering lower airfreight rates to avoid losing volumes despite data showing that demand declines have bottomed out.The latest market analysis from Xeneta's CLIVE Data Services shows that in June chargeable weight declined 1% compared with a year ago, while capacity was up 8% and dynamic load factors were ...
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Insights
Putzger Perspective: The rising cost of supply chains
The spectre of serious supply chain disruption has loomed large over the logistics industry. By mid-June beneficial cargo owners were looking anxiously for updates on labour contract discussions. UPS was negotiating with the Teamsters union, which had signalled its intention for a tough fight. On the North American west coast, ...
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InsightsNordic countries invest to battle through challenges
Nordic air cargo players are facing the same market challenges as the industry is worldwide, but are seeking to tackle them with strategic infrastructure, service and fleet investments.Elizabeth Axtelius is the director of aviation business at Swedavia, the Swedish state-owned company that owns and operates ten of the country’s airports. ...