All News articles – Page 341
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News
Volga-Dnepr in dispute with Boeing over freighter deliveries
Volga-Dnepr UK is suing the Boeing Company in a dispute over the delivery of four widebody freighters.The lawsuit, filed in a Washington district court, centres on the delivery of one Boeing 747-8F and three B777Fs that Volga-Dnepr had ordered from the airframer and were due to be delivered this year.The ...
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NewsNippon Express taps into pharma market with MD Logistics acquisition
Japan-based logistics firm Nippon Express has completed the acquisition of US-based headquartered MD Logistics in a deal worth $51m (¥ 5.5bn).Nippon Express said the acquisition is part of its plan (commencing 2019) to make the “pharmaceutical industry a priority industry in our business plan and corporate strategy”.MD Logistics, headquartered in ...
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NewsTAPA warns of post-lockdown cargo crime spike
The Transported Asset Protection Association (TAPA) has warned of an expected spike in cargo thefts as coronavirus lockdowns are eased across Europe, the Middle East and Africa (EMEA).TAPA said that despite many populations being advised to stay at home to help prevent the spread of Covid-19, its Incident Information Service ...
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Edmonton International Airport handles three AN-124s in 24 hours
Edmonton International Airport (EIA) has reported a 7% year-on-year increase in cargo volumes for the first quarter of this year, compared with the first quarter of 2019.EIA noted that due to the Covid-19 outbreak, flight schedules are reduced, however, cargo charters are continuing to enable the movement of critical goods.Many ...
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Jeff Bezos invests in digital forwarder Beacon
UK-based digital freight forwarding and supply chain finance company, Beacon has secured $15m in its Series A fundraising round, from investors including Jeff Bezos, the founder and chief executive of Amazon, and US venture capital firm 8VC.Beacon said the money raised in the Series A round will be invested in ...
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UPS celebrates World Environment Day with carbon offsets throughout June
To commemorate World Environment Day on June 5, UPS has announced that throughout the month of June, it will automatically counterbalance the carbon offset of parcels shipped using its carbon neutral programme.UPS initially started its carbon neutral programme — approved by an inspection, testing, and verification company Société Générale de ...
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NewsBritish Airways strips out B777 seats to boost cargo capacity
British Airways (BA) is the latest airline to remove the seats from one of its passenger aircraft in order to boost cargo carrying capacity.The IAG-owned airline said that it had removed the seats and stripped the interiors of two of its grounded 777-200 fleet so that the aircraft can operate ...
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NewsThe longer term impact of the coronavirus outbreak on forwarders
Richard Charles, WACO CEORichard Charles, chief executive of independent forwarding network WACO, outlines how supply chains could change following the coronavirus outbreak.The coronavirus has changed airfreight, with the majority of passenger aircraft parked, some never to return to airline schedules, and freighter capacity at a premium as global demand for ...
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Why freighter strategy is a loaded question for Boeing
Few would dispute that Boeing has long shaded Airbus in the cargo sector with its broad portfolio of new-build “factory freighters” alongside aftermarket conversions. But that could all start to unravel as the manufacturer faces some key decisions over future product strategy.While the narrowbody cargo sector is now seen as ...
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NewsForwarders offer other modes in response to China air cargo congestion
Expeditors and DSV Panaplina have both been promoting alternatives to air cargo, such as road, rail and express ocean, as an option out of China in response to ongoing congestion.In a circular sent out last night, Expeditors senior vice president global ocean transportation Karl Fransisco said express ocean services could ...
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NewsCargo-partner adds new Liège hub to cater for air cargo growth
Source: cargo-partnerLogistics firm cargo-partner has opened a new office at Liège airport (LGG) to meet recent demand growth.The company said that the new office comes on the back of strong volume growth at the airport as a result of an "absence of flight restrictions and customer-friendly solutions" while "other European ...
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NewsK+N extends at Heathrow South to meet pharma requirements
AIPUT Heathrow South Cargo CentreGlobal forwarder Kuehne+Nagel (K+N) has signed a lease extension to 2030 for its Heathrow South Cargo Centre warehouse at Heathrow Airport.Landlord Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) said that the agreement secures the site’s pivotal role as a nationally important facility for ...
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NewsAvion Express set to launch US cargo services
Avion Express Malta Airbus A320Avion Express Malta has obtained Federal Aviation Administration (FAA) certification to conduct passenger and cargo flights to and from the US.The Maltese company will now be able to make wet-lease agreements with companies throughout North America.Avion Express Malta, operating Airbus A320 aircraft, is a sister company ...
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NewsGEFCO re-organises air and sea division
Paul-Henri FreretGEFCO’s air and sea business has announced leadership changes and a reorganisation to boost the industry, automotive and life science/healthcare sectors.Paul-Henri Fréret, executive vice president, has been leading GEFCO’s Air & Sea division since February. With broad experience at GEFCO, Fréret has managed all areas of the business in ...
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AAPA on April's airfreight demand decline
In its preliminary traffic figures for April 2020, the Association of Asia Pacific Airlines (AAPA) revealed that airfreight markets "remained active but were affected by weakening demand".Last month, Asia and Asia Pacific based airlines saw air cargo demand, measured in freight tonne kilometres (FTK), decline by 28.3% year on year.Factors ...
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NewsDachser Mexico adds key Europe freighter destinations to support mango season
Dachser Mexico has announced that it is operating direct freighter services to five key destinations in Europe and that this in turn it will help to support the Mexican perishable export community during mango season.With the European Union representing 28% of the global import market of mangoes, Dachser Mexico's weekly ...
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Tigers Logistics commences e-commerce logistics in new Rotterdam mega hub
Tigers Logistics has commenced operations at its new Rotterdam mega hub, which will enable it to offer "sustainable e-commerce and low-cost last mile solutions across Europe".Tigers, which has had a Rotterdam base for more than 20 years, now offers dedicated account management at its new mega hub, as well as ...
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CargoLogicAir operations boosted with CHAMP's load planning tool
UK-based freighter operator CargoLogicAir is making use of CHAMP's Weight & Balance solution in its freighter operations.An advanced load planning tool, CHAMP's Weight & Balance is used to improve the safety and speed of freighter aircraft loading.The algorithm-based system helps ensure that maximum space is used on an aircraft. In ...
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NewsAirfreight rates from Shanghai decline as outlook remains uncertain
Seabury Consulting air cargo capacity May 28Airfreight rates out of Asia Pacific appear to have peaked, with prices from Shanghai to Europe and North America both declining last week.The latest figures from TAC Index show that after seven weeks of rapid increases, rates from Shanghai to North America last week ...
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Hellmann to roll out CargoWise digital platform
Hellmann Worldwide Logistics has signed up to the CargoWise transport management system (TMS) for all air and sea freight operations.The platform can execute transactions covering freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, e-commerce, and cross-border complianceHellmann said using the platform would standardise systems and databases "enabling more efficient ...