Express
-
NewsDanx Carousel continues expansion with LPR takeover
Time-critical logistics firm Danx Carousel has continued with its expansion programme through the acquisition of Germany-based LPR Group
-
NewsKF Aerospace to update Purolator's BCFN freighter fleet
Source: KF AerospaceCanadian express and logistics firm Purolator has renewed its contract with KF Aerospace for the operation of its British Columbia feeder network (BCFN) in a deal that includes the deployment of more modern aircraft.The new agreement will last 10 years and will see KF Aerospace replace three ageing ...
-
NewsSF Holding raises $749m with 'flat' Hong Kong listing
Source: ACN NewswireChinese express giant SF Holding raised $749.3m in a listing on the Hong Kong Stock Exchange that will be used to fund plans to expand internationally.The company, which owns SF Express and SF Airlines, said that through the IPO it aimed to "further promote [its] internationalisation strategy, establish ...
-
NewsDHL Global Forwarding sees Q3 airfreight revenues rise but profits under pressure
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Global Forwarding saw its air cargo volumes and revenues rise in the third quarter led by trades out of Asia but gross profits came under pressure due to rising rates.The forwarding business registered an 8.5% increase in air cargo volumes to 445,000 ...
-
NewsWestJet Cargo to launch time-sensitive Priority service
© 2019 Chad Slattery. Source: WestJet CargoWestJet Cargo plans to launch a Priority product for time-sensitive shipments that gives top priority for loading and transport, guaranteeing that shipments travel on specific flights.Available from November 4 across the WestJet Cargo network, the Priority service is designed to meet the needs of ...
-
NewsUPS profits and revenues improve in Q3
Source: UPSUPS registered improvements in its revenues, operating profits and net profits in the third quarter of the year as volumes returned to growth.The express giant saw its revenues for the third quarter increase 5.6% year on year to $22.2bn, while operating profits were up 47.8% to $2bn and net ...
-
NewsIncendiary device revealed to have been found in UK parcel network
Copyright: Jaromir Chalabala/ ShutterstockIt has been revealed that a shipment containing an incendiary device found its way into DHL's UK parcel network and caught fire in July, with the incident under investigation by the country's counter-terrorism police.The Guardian and German broadcasters WDR and NDR reported that the device had been ...
-
NewsDHL Express links Hong Kong and Jakarta
Source: DHL ExpressDHL Express is introducing new freighter flights between Hong Kong and Jakarta to cater for growing demand.The service will be operated by a 20-tonne capacity Boeing 737-800 freighter four times a week. The direct flight will also help speed up the delivery of goods.The service will transport shipments ...
-
NewsDHL Group reveals new strategy to drive revenue growth
Source: DHLThe DHL Group is aiming to grow revenue by 50% by 2030 through a series of initiatives across its various divisions.The company said its plan to grow its revenues compared with 2023 levels was based on the current complex and volatile market conditions that had resulted in companies actively ...
-
NewsFedEx lowers outlook as profits slide
FedEx saw revenues and profits decline in its fiscal first quarter as the company faced challenging market conditions, customers opted for less expensive delivery services and operating costs were on the rise. The express giant saw revenues for the quarter ended August 31 decrease 0.5% year on year to $21.6bn, ...
-
News
Qatar Cargo adds a range of product upgrades
Qatar Airways Cargo has launched a set of solutions that can be added to existing cargo products.The new AirPlus Solutions provide customers with three additional options: Q-Climate, Q-Plus and Q-Prime.The Q-Climate option provides temperature-control for its general cargo and vulnerable cargo product categories. This option includes ramp protection against external ...
-
News
Cathay Cargo continues product update with courier upgrade
Cathay Cargo has added piece-level tracking to its express courier service as the airline continues to update its service offering.The airline said that the updated Cathay Courier service included track-and-trace options during the transportation of shipments, which made it ideal for high-value or bespoke e-commerce shipments, personal items and documents.The ...
-
News
Proposed ban on 777s at Brussels is withdrawn
The proposed ban on the operation of Boeing 777 aircraft at Brussels Airport at night has been withdrawn by Belgium's transport minister.The ban would have had a major impact on DHL Express' operations at the airport as it operates the widebody freighter to the Belgian hub.In June, outgoing transport minister ...
-
News
Leipzig/Halle Airport operator renegotiates deal with DHL
Leipzig/Halle Airport airport operator Mitteldeutsche Flughafen AG (MFAG) has reached an agreement on the extension of its contract with DHL which will see the express carrier pay higher landing fees at its largest hub, people familiar with the matter told Air Cargo News sister title DVZ.MFAG told DVZ that it ...
-
NewsUPS Q2 profit down 30% YoY
Volumes posed a challenge for UPS in the second quarter of this year, though results were bolstered slightly by the performance of the supply chain solutions division.UPS has announced second quarter consolidated revenues of $21.8bn, a 1.1% decrease from the second quarter of 2023.Consolidated operating profit was $1.9bn, down 30.1% ...
-
News
Dimerco partners with Cathay for peak season China-US air cargo service
Dimerco Express Group is partnering with Cathay Pacific to run an air cargo charter service from Shanghai (PVG) to Chicago (ORD) during the fourth quarter peak season in a bid to capture air cargo demand.The once a week service will run from September 12 to December 5 using a Boeing ...
-
NewsDHL Express teams up with Central Airlines on 777Fs
Source: DHL ExpressChina's Central Airlines will operate two Boeing 777 freighters on behalf of DHL Express as the German firm looks to expand its China network.The deal is the first time DHL has entered into an operating agreement with a Chinese cargo airline. The aircraft will have a dual DHL/China ...
-
NewsFedEx to grow cargo facility at Clark Airport in the Philippines
From left: Lourdes Josephine Gotianun-Yap Chairman, LIPAD, Noel F. Manankil, President and CEO, LIPAD, Maribeth Espinosa, Managing Director, FedEx Philippines, Jenieryll Jomarie Mangalindan, Senior Manager for Operations, FedEx Philippines. Photo: FedExFedEx will expand its gateway facility at Clark International Airport (CRK) in the Philippines following the signing of an ...
-
News
SF Airlines adds new China-Vietnam cargo link
SF Airlines has continued with the expansion of its network through the addition of extra flights to Vietnam.The China-based express giant has this week added a freighter route linking Shenzhen and Ho Chi Minh City, according to the Xinhua news agency.The flight will operate five times a week and offer ...
-
NewsFedEx axes 22 757 freighters as express profits remain under pressure
FedEx revealed in its fiscal fourth-quarter results that it has retired 22 of its Boeing 757 freighters as it looks to better match capacity to market demand. The move sees the express giant reduce its 757F fleet to 92 aircraft as of May 31, compared with 115 at the same ...