All News articles – Page 143
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NewsLufthansa Cargo offers temperature tracking for perishables
Picture: Stefan Wildhirt / Lufthansa CargoLufthansa Cargo has launched a new service that provides real-time tracking of the location and temperature of perishable products.The new service is launched in cooperation with Sensitech and Lobster Logistics Cloud and utilises sensors and GPS technology to monitor the location and ambient temperature of ...
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NewsIntradco Global transports over 300 cattle to West Africa
Europe-West Africa cattle transport. Photo: Intradco GlobalAnimal transport specialist Intradco Global has transported 330 cattle from Europe to West Africa to support the dairy industry.The operation took place across two charter flights throughout January, both of which saw Intradco Global’s ground operations team present at the departure and arrival airports ...
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CargoAi highlights benefits of strategic investors over venture capital
Strategic investors allow companies to adopt a more long-term outlook than venture capital (VC) which can encourage short-term thinking, according to online booking portal CargoAi.The portal last year secured investment from CargoTech, an investment company backed by the ECS Group that also includes cargo optimisation firm Wiremind Cargo, ECS’s Cargo ...
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Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
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NewsLogistics UK grows its board
Simon Hobbs, Louisa Hosegood and Gavin Murdoch. Photo: Logistics UKLogistics UK has strengthened its board with the appointment of three new directors.Louisa Hosegood, Simon Hobbs and Gavin Murdoch have joined the organisation’s board to help guide the business as it continues to lead the logistics industry in its post-pandemic recovery.All ...
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Qatar Airways Cargo partners with FLYR Labs for automation and AI-based revenue management
Qatar Airways Cargo has partnered with FLYR Labs to utilise the latter's cloud-native decision intelligence platform that is designed to leverages deep learning technology to provide automated, AI-based revenue optimisation and management capabilities.The Revenue Operating System "harnesses and understands the complex context behind airline data, helping commercial organizations make better-informed ...
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NewsEtihad and Astral partner on Nairobi cargo flights
Source: Etihad CargoEtihad Cargo and Astral Aviation have signed a new partnership that will help expand the Middle Eastern carrier's presence in the African market.As part of the memorandum of understanding, Etihad Cargo will benefit from cargo capacity out of Nairobi via the introduction of additional services from Nairobi to ...
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Frankfurt-Hahn Airport sale falls through
New buyers are being sought for Frankfurt-Hahn Airport group after a deal with Swift Conjoy fell through.Currently in administration, the Group was due to be sold to Swift Conjoy, a joint venture between real estate firm Swift Holding and aviation specialist Conjoy Investment Partners.However, administrators Brinkmann & Partner on Sunday ...
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NewsCargo carrier Asia Pacific Airlines grounded by FAA
Photo: Asia Pacific AirlinesCargo airline Asia Pacific Airlines has been grounded by the Federal Aviation Administration (FAA) because it was "unable to demonstrate that its pilots were properly trained" said the US government agency.In a statement, the FAA confirmed it issued an Emergency Order of Suspension on February 1 to ...
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Forwarders locked into “sky high" rates
One air cargo stakeholder is “fearful” of the rates that freight forwarders began to pay to secure capacity during the recent period of high air cargo demand.Speaking exclusively to Air Cargo News, Etihad senior vice president global sales & cargo Martin Drew said a key issue is the length of ...
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NewsGCL accelerates its expansion with automotive acquisition
Source: Global Critical LogisticsGlobal Critical Logistics (GCL) has acquired UK-based Classic Automotive Relocation Services (CARS) as it looks to expand its geographical presence and customer base.CARS is a specialist in the shipment of historic and rare vehicles by road, air, and seafreight, operates a network of specialist storage facilities and ...
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NewsIATA: Mixed outlook as volumes decline again in December
Air cargo volumes declined for the tenth month in a row in December and there are mixed signals for the year ahead, according to IATA.Figures from the airline association show that demand in cargo tonne km (CTK) terms declined by 15.3% year on year in December and by 8% for ...
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NewsEverts Air Cargo to convert an MD-88 to expand fleet
Source: AEIEverts Air Cargo is expanding its fleet with the conversion of an MD-88SF into a freighter configuration through Aeronautical Engineers, Inc. (AEI).The aircraft will commence conversion in March 2023 with modification touch labor being performed by Dothan, Alabama-based, Commercial Jet, which is an authorised AEI Conversion Center.Everts will use ...
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NewsScan Global Logistics outlines benefits of new majority owners
Source: Scan Global LogisticsScan Global Logistics is hoping that its new majority owners will help the company achieve its ambitious growth plans as it strives to reach $5bn in annual revenues.Earlier today, the fast-growing freight forwarding company announced that private equity fund CVC Capital Partners Fund VIII (CVC) had purchased ...
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NewsDHL and Cainiao to partner on e-commerce in Poland
William Xiong, Cainiao Network and Pablo Ciano, DHL eCommerce Solutions. Source: DHLDHL eCommerce Solutions is purchasing part of the equity securities of Cainiao's subsidiary in Poland as the companies look to partner on investments in the country.Following the completion of the transaction, the two companies plan to invest €60m to ...
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NewsHellmann hires first global airfreight director
Timo Schamber. Photo Hellmann Worldwide LogisticsHellmann Worldwide Logistics has appointed Timo Schamber in the newly created position of global airfreight director CEP (Courier, Express and Parcel Services).With the creation of this new position, the company said it is responding to the increasing global airfreight market demands and the rapid development ...
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NewsPortal cargo.one makes cuts as it realigns to economic conditions
Online booking portal cargo.one has announced the loss of 16 members of staff as it adopts a more cautious strategy in light of a weakening macroeconomic environment.Moritz Claussen, founder and co-chief executive of cargo.one, said that the company remained incredibly grateful to the members of staff that were leaving and ...
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CVC takes majority stake in fast-growing Scan Global Logistics
Fast-growing freight forwarder Scan Global Logistics has a new majority shareholder in the shape of private equity fund CVC Capital Partners Fund VIII (CVC).CVC has acquired the shareholding from an investor group led by AEA Investors Small Business Private Equity (AEA) but details of the transaction were not released.AEA will ...
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NewsLufthansa Cargo goes greener with fuel saving technology for B777Fs
B777 fitted with AeroSHARK technology. Photo: Lufthansa CargoLufthansa Cargo's first Boeing B777 freighter modified with a surface technology that helps save fuel and reduce emissions has taken flight.The carrier will begin equipping all its B777Fs with the technology starting from this year.Developed by Lufthansa Technik and German chemical company BASF, ...
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NewsAmerican Airlines Cargo looks to reduce plastic waste
BioNatur Stretch Wrap. Photo: American Airlines CargoDallas-based American Airlines Cargo is using biodegradable plastic wrap BioNatur Plastics in a bid to reduce its environmental footprint.The US freight carrier begun the process of replacing its current plastic products with the BioNatur brand in early 2022, and is now using it ...