All Business articles – Page 34

  • Sponsored Content

    Sponsored: Air Cargo — A Critical Factor in the Global Economy

    2021-01-15T11:32:42Z

    Sponsored Content: When the Covid-19 virus began to make its way across the world, few had expected air cargo to be the critical factor in the economy it is now viewed as today. While previously unrecognised by many, air cargo has served as a vital lifeline for transporting many goods. ...

  • News

    Cargojet looks to add its first B777 freighters

    2021-01-15T11:00:47Z

    Canadian carrier and lessor Cargojet has raised C$350m to increase its fleet with more B767 freighters and to buy its first B777Fs.The airline said a portion of the funds, raised through a share sale, would be used to fund the purchase of five B767Fs for delivery in 2021/2022 and two ...

  • Cainiao ocean freight
    News

    Cainiao launches cargo container booking service

    2021-01-14T16:17:18Z

    Cainiao Smart Logistics Network, the logistics arm of Alibaba Group, has launched a container booking service for air and seafreight, which includes compensation for missed departures.As part of the service, Cainiao said container bookings will be confirmed in as fast as two business days after an order is placed by ...

  • News

    DHL achieves record earnings for full-year 2020

    2021-01-13T10:24:39Z

    In its preliminary results for 2020, Deutsche Post DHL Group (DP DHL) has reported record earnings, despite the "challenging economic environment" experienced last year as a result of the coronavirus pandemic.The logistics and parcels giant achieved its highest operating profits (ebit) for the financial year: €4.8bn, which "significantly outperformed" its ...

  • Delta Cargo - Vishal Bhatnagar (L) and Jannie Davel (R)
    News

    Delta makes changes to cargo leadership team

    2021-01-12T15:28:47Z

    Vishal Bhatnagar (left) and Jannie Davel (right)Delta Air Lines has made changes to its commercial and operations leadership within its cargo division.Effective immediately, the carrier has appointed Jannie Davel into the role of managing director, commercial, and has also promoted Vishal Bhatnagar to managing director, global cargo operations.Davel has more ...

  • News

    The insurance implications for airlines carrying Covid-19 vaccine cargo

    2021-01-11T11:43:23Z

    In this guest-written article, Philip Clayton and Andy Bowman of risk management, insurance brokerage and advisory company Willis Towers Watson explore the insurance implications of carrying Covid-19 vaccines in air cargo.Covid-19 vaccine distribution may be an exciting opportunity for cash-strapped air­lines, but carriers will need to work with their insurers ...

  • News

    Air Cargo News’ Top 10 most read in 2020

    2021-01-11T10:50:11Z

    It’s fair to say that last year was a year like no other for the airfreight industry.Yet, as ever, the Air Cargo News was happy to keep you up-to-date with the latest news — the good, the bad and the unprecedented.And our reader numbers continue to rise, with pages read ...

  • News

    Airfreight rates expected to remain elevated in 2021

    2021-01-08T14:54:17Z

    Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...

  • James T. Gagne - SEKO Logistics
    News

    SEKO looks to acquisitions following investment

    2021-01-08T09:16:26Z

    James T. Gagne - SEKO LogisticsSEKO Logistics is targeting additional acquisitions, technology development and growth in key geographies after securing investment from Ridgemont Equity Partners.The deal will see the logistics firm's current majority shareholder, Greenbriar Equity Group, divest its stake but remain an equity owner. Terms of the transaction were ...

  • IATA-November-2020-stats
    News

    Air cargo continues to improve in November but Covid vaccine to add pressure

    2021-01-07T15:57:59Z

    Air cargo demand continued to improve in November, while load factors remain high due to the loss of bellyhold capacity, according to the latest statistics from IATA.The airline association's data shows that during the peak season month, air cargo tonne kms declined by 6.6% compared with a year earlier. Over ...

  • CEVA Africa ASTI
    News

    CEVA continues expansion in Africa with another investment

    2021-01-07T09:57:04Z

    CEVA Logistics has continued its "strategic" African expansion with an investment in a Moroccan freight forwarder.The freight forwarder today announced the purchase of the ASTI Group in Morocco.CEVA said the two companies had been working together for more than two decades and have delivered a range of multi-modal services to ...

  • News

    DSV Panalpina completes Prime Cargo takeover

    2020-12-23T10:32:19Z

    DSV Panalpina has completed the acquisition of Prime Cargo’s activities in Denmark, Poland and China from Japan-based forwarder Mitsui-Soko Group.Prime Cargo is headquartered in Kolding, Denmark, but operates internationally and also has freight, warehousing and logistics activities in both Poland and China. It specialises in e-commerce and fashion retail.“DSV Panalpina ...

  • rbt
    News

    Rhenus Group expands in Mexico with new forwarding branch

    2020-12-18T17:29:35Z

    Pamela Osornio, Managing Director for Rhenus Mexico. Picture source: Rhenus SE & Co. KG.Logistics firm the Rhenus Group has recently expanded its air and ocean division for the Americas to include Mexico City.The new branch will offer cross-border services to facilitate trade between the US and Mexico.The company said that ...

  • WorldACD
    News

    WorldACD: Air cargo demand dips in November but rates rise

    2020-12-18T17:12:57Z

    Air cargo's gradual demand recovery slowed in November, but there were signs that volumes were picking up again in December, according to data provider WorldACD.The company's data for the month of November shows that in "a year like no other" volumes declined by 12.6% year on year but rates experienced ...

  • Maccfa2
    News

    CEVA expands in Africa with deals in Ethiopia and Egypt

    2020-12-15T15:58:50Z

    CEVA Logistics has expanded its presence in the African market through investments in companies in Egypt and Ethiopia.In Egypt, the company has taken a majority stake in IBA Freight Services, its exclusive partner for the past 20 years, while in Ethiopia CEVA has taken a minority stake in MACCFA, a ...

  • News

    Forwarding market set to rebound in 2021

    2020-12-11T15:24:23Z

    The global freight forwarding market experienced its most challenging year to date amid the Covid-19 pandemic, contracting 9% year-on-year. However, it is expected to rebound in the years ahead, according to industry analyst Transport Intelligence (Ti).With promising developments with regard to a Covid-19 vaccine, the International Monetary Fund (IMF) has ...

  • News

    Cost a key factor in environmental modal shift

    2020-12-11T13:03:23Z

    Maintenance of product quality and cost savings are two key motivating factors behind shippers moves to shift from air to ocean on environmental grounds.Responding to the news that salmon farmer Hiddenfjord had decided to drop airfreight completely on environmental grounds, Cool Chain Association (CCA) board chairman Stavros Evangelakakis said that ...

  • teresa_m_finley_high_res
    News

    Pilot Freight Services names newest board member

    2020-12-11T10:35:43Z

    Logistics provider Pilot Freight Services has appointed Teresa M Finley to its board of directors.Finley currently serves as a senior advisor to Boston Consulting Group, a global management consulting firm, where she provides transportation and logistics expertise.Finley has more than 30 years of experience in the industry and most recently ...

  • News

    EU reveals no-deal Brexit supply chain contingency plans

    2020-12-10T15:51:37Z

    The European Union (EU) has revealed its contingency plans to keep transport operations moving in case of a no-deal Brexit.The temporary six-month measures will allow airlines from the UK to operate flights across the bloc, while hauliers will be able to use EU states' roads.The move was welcomed by supply ...

  • News

    Air New Zealand set to expand international cargo operations

    2020-12-08T17:07:42Z

    Air New Zealand will expand its international air cargo operations following the launch of the second phase of a government supply chain support scheme.The airline will operate around 55 international flights per week after the government announced phase two of the International Air Freight Capacity (IAFC) Scheme that aims to ...