All Freight Forwarder articles – Page 3
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NewsChangi Airport Group opens new facility at Changi Airfreight Centre
Changi Airport GroupChangi Airport Group (CAG) – operator of Singapore’s Changi Airport ¬– has opened Changi Nexus One, a refurbished air logistics facility within the gateway’s Changi Airfreight Centre (CAC).The facility, which is connected directly to the apron at Changi, incorporates nearly 8,000m2 of warehousing space.Changi Nexus One is designed ...
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NewsShippers told to delay air cargo tenders until after peak season turmoil
Photo: ShutterstockAir cargo shippers have been told they should delay their 2025 tenders until after what is expected to be a tumultuous peak season.In a series of recommendations on how to manage current market conditions, Xeneta chief airfreight officer Niall van de Wouw said companies should make sure terms and ...
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NewsCEVA targets Saudi Arabia demand with new joint venture
Source: CEVACEVA Logistics has signed an agreement with Almajdouie Logistics to create a new joint venture logistics company in Saudi Arabia.The two partners said that CEVA Almajdouie Logistics will "leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia to support the ...
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NewsPort strike suspension relieves air cargo pressure but peak outlook remains tight
Photo: Jaromir Chalabala/ ShutterstockThe suspension of US port strikes until next year has helped relieve some of air cargo's peak season capacity concerns but questions remain regarding just how busy the next few months will be.TAC Index editor Neil Wilson said that there was a mixed outlook for how tight ...
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NewsDSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker.The "oversubscribed" offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders."The proceeds from the offering will be used to partly finance the ...
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NewsUS port strikes end as temporary agreement reached
US importers and exporters will be breathing a sigh of relief after dockers at US container ports last night agreed to return to work after three days of strike action. The industrial action was launched on Tuesday as the dock workers’ contract ended without an agreement on a new deal. ...
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InsightsHeavylift supply chains thrive
Moving outsize and extremely heavy loads by air is a specialist business and a thriving one, according to the carriers, freight forwarders and handlers that are experts in the sector. Qatar Airways Cargo operates a fleet of 28 dedicated Boeing 777 freighters, which offer the specialised capability to transport a ...
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NewsRates on key Asia trades flat but steady in September
Airfreight rates on the transpacific market were largely flat in September but are expected to pick up as the peak season approaches and as US port strikes are now underway. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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NewsDeutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV. Denmark-based DSV confirmed last month that it had agreed to buy Germany headquartered DB Schenker from state-owned railway firm Deutsch Bahn for €14.3bn, but the deal still needed ...
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NewsDon't miss out! Last tables for the Air Cargo News Awards
Air Cargo News Awards 2023. Images Copyright www.tellingphotography.comThere are now just weeks to go until the Air Cargo News Awards take place and so don't miss the chance to book one of the few remaining tables at this prestigious industry event.This year, the ceremony on October 23 will comprise a ...
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Union to vote against DSV's proposed take over of DB Schenker
Railway and transport union EVG is reportedly planning to vote against the sale of forwarder DB Schenker to DSV later this week.On Wednesday, the supervisory board of Schenker parent Deutsche Bahn is due to meet to vote on DSV's proposed €14.3bn deal to acquire the forwarder.However, publication Frankfurter Allgemeine Zeitung ...
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No resolution in sight as US east coast port strike action draws closer
Potential strike action at US East Coast and Gulf Coast container ports is drawing closer as there is no resolution in sight to the ongoing dispute between terminal operators and their employees.The current master contract agreement is due to expire on October 1 and workers say they will down tools ...
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NewsCooler air cargo market in September just a blip
The air cargo market showed signs of cooling slightly in September but expectations are that demand will quickly pick up again in October.Freight forwarder Dimerco said that e-commerce and electronics volumes had "underperformed expectations in September".The company also pointed out that while the Global Purchasing Managers Index (PMI) Composite Output ...
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NewsScan Global Logistics expands presence in Latin America
Source: Scan Global Logistics Freight forwarder Scan Global Logistics (SGL) has expanded its presence to Argentina and Colombia with the opening of new offices in the countries. The Denmark-headquarterd firm said it had recently opened offices in Argentina and Colombia as part of recent efforts to expand ...
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NewsAustralia the latest to add stricter requirements for European/CIS air cargo
Australia has joined the US and Canada in adding stricter security requirements for cargo originating from European and CIS countries. From September 26, the country will require that cargo being transported on passenger aircraft destined for the country should only be tendered from shippers with whom the forwarder has an ...
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Newstime:matters links with cargo.one
Lars Krosch, time:matters, and Simson Demmer, cargo.one. Source: time:mattersTime critical forwarder time:matters has partnered with cargo.one on the use of its online booking platform.The partnership will give time:matters' team the ability to quote and book capacity from over 60 airlines on a 24/7 basis, which the company hopes will reduce ...
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NewsTGP appoints UK GM as it looks to capitalise on energy sector growth
Ben Taylor. Image source: Trans Global ProjectsTrans Global Projects (TGP) has appointed Ben Taylor as the general manager of its UK business as it looks to benefit from growth in the energy sector.Taylor will take responsibility for the day-to-day running of the UK business and its future development. He has ...
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NewsFIATA endorses IATA Cargo Handling Manual
Freight forwarder association FIATA has given its backing to IATA’s Cargo Handling Manual in a move they hope will create efficiencies in airport operations through the use of a consistent set of global standards. The two groups said that the endorsement of the manual comes after one year of process ...
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NewsSATS and Sinotrans partner on the creation of new air hubs
Ground handler SATS and freight forwarder Sinotrans will work together to add a series of new airfreight hubs.The two companies said the partnership will see them create gateway hubs for Sinotrans' airfreight arm, Sinoair, in Singapore, Malaysia, Indonesia, Saudi Arabia and Belgium.Sinoair currently has regular charters operating between China, Liege ...