All News articles – Page 91
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NewsAirfreight rates continue to rise in September
Airfreight rates finally showed signs of improvement in September (see dashboard at end of article) and further increases have been recorded in the first week of October.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - spot and contract - paid by forwarders from Hong ...
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NewsSGL plans to continue acquisition spree after Portugal purchase
Lars Syberg, Scan Global Logistics, and António Beirão, FLS. Source: Scan Global LogisticsFast-growing Scan Global Logistics (SGL) has continued its acquisition spree with the purchase of Portugal-based FLS and has more planned in the coming months.SGL said that the purchase of FLS would strengthen its position in the government and ...
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NewsAmazon Air to close its Leipzig/Halle Airport hub
Amazon Air hub at Leipzig/Halle Airport. Photo: AmazonAmazon Air is planning to close its airfreight facility at Leipzig/Halle Airport in Germany following a tough year for air cargo demand worldwide.US-headquartered e-commerce giant and parent company Amazon has not yet announced the closure date, but has confirmed it will be this ...
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NewsSpecial cargo volumes a bright spot in overall market declines
The transport of special air cargo products has been the bright spot in a depressed air cargo market over the first eight months of the year.Statistics from WorldACD show that the verticals vulnerable/high-tech (+7%); valuables (+2%); perishables (+4%) and live animals (+5%) have all recorded improvements in volumes in the ...
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Teleport signs interline agreement with SF Airlines
Air logistics provider Teleport and Chinese cargo carrier SF Airlines have signed a bilateral interline partnership to leverage each other’s air networks.Teleport, the cargo and logistics unit of Malaysia’s Capital A, brings to the table logistics access into Southeast Asia, and SF Airlines a large express network within China and ...
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NewsB&H expands in Australia with new office
Source: B&H WorldwideAerospace logistics firm B&H Worldwide has further expanded its operations in the Oceania region with the opening of a new office in Brisbane.The new facility is located close to the city's airport and has been operational since September 18."The Queensland state is a key growth area for aviation ...
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Maersk open to growing its freighter fleet
Maersk Air Cargo said it will remain open to new opportunities to grow its freighter fleet, despite the current challenging air cargo market conditions.The company, which launched operations last year, isn’t ready to provide details on any future freighter plans, but explains there may be a mix of newbuilds and ...
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EASA cancels stricter fatigue regime for EFW A321 freighters
Europe’s safety regulator has cancelled a directive tightening time limits to check Airbus A321 converted freighters for potential fatigue cracks in the centre wing-box area.The September 12 directive had emerged after stress and load calculations for A321 freighters were performed by conversion specialist EFW.These calculations had been prompted by an ...
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NewsTurkish Cargo relocates koala to leafy green UK home
Yani in her new home. Photo: Turkish CargoTurkish Cargo has relocated an endangered koala from Hong Kong to a new home in the UK equipped with green space and companions.The carrier, which holds IATA CEIV Live Animals certification, took on the role of sponsor carrier, in accordance with IATA LAR ...
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Freighter carrier 7 Air aims for 2024 launch
New US freighter airline 7 Air is planning to launch regional cargo services in the first quarter of next year.The carrier will launch operations in February next year using a single next-generation Boeing 737 freighter.The airline has plans to add three more 737 aircraft within the first year of operations.However, ...
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Reports: Flexport CFO out?
Flexport has reportedly ousted its chief financial officer Kenneth Wagers only weeks after chief executive Dave Clark made a sudden exit from the firm.This is according to media reports from The Wall Street Journal and other publications.Wagers took up the role in 2021 and was tasked with defining Flexport’s financial ...
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World Courier partners with Swiss WorldCargo on SAF
Logistics firm World Courier will purchase Sustainable Aviation Fuel (SAF) from Swiss WorldCargo - in a deal that is the largest SAF purchase made through the airline so far.In total, the company has purchased enough SAF to support the movement of 2,000 shipments from London to Switzerland, which will result ...
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NewsUPS swoops on time-critical logistics firm MNX
Source: UPSExpress giant UPS has today announced a deal to acquire time-critical logistics firm MNX Global Logistics as it looks to ramp up its healthcare capabilities.Long Beach-headquartered MNX provides services covering next flight out (NFO), air charter, on-demand courier, managed transportation, service parts logistics (SPL) and specialty freight.Its clients include ...
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NewsSaudia Cargo appoints Mashabi as managing director
Loay Mashabi. Photo: Saudia CargoSaudia Cargo has appointed Loay Mashabi as managing director, as of October 8.The former deputy minister for logistics services at the Ministry of Transportation and Logistics Services has a background in the logistics sector and has played a key role in the efforts to bolster Saudi ...
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NewsQatar Cargo hopes to benefit from additional China flights
Source: Qatar Airways CargoQatar Airways Cargo is hoping to capitalise on extra bellyhold capacity to two new destinations in China.The airline's passenger business has started flying three-times-per week to Chengdu (TFU) and Chongqing (CKG) with its Airbus A330-300 aircraft.Both Chongqing and Chengdu stations will primarily operate as export-oriented markets, jointly ...
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NewsAir-ocean price difference far above pre-pandemic levels
The cost difference between air and ocean is now above pre-pandemic levels as ocean rates have rapidly declined.The latest figures from consultant Drewry Supply Chain Advisors show that airfreight now costs 16.7 times more than seafreight.Before the pandemic, airfreight typically cost around 13 times more than ocean transport.During the pandemic ...
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NewsUPS goes electric at East Midlands Airport
Artistic rendering of the autonomous electric cargo vehicle. Source: UPS/ AurrigoUPS and transport technology provider Aurrigo have announced a collaborative project to deploy an autonomous electric vehicle designed to move heavy cargo loads to and from aircraft at the UPS hub within East Midlands Airport.The "Auto-Cargo" vehicle can transport a ...
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NewsPacific Air Cargo joins Airblox
Photo: Pacific Air CargoUS airline Pacific Air Cargo has placed its capacity on digital air cargo capacity exchange Airblox.Pacific Air Cargo provides Boeing 747-400 freighter flights between Los Angeles and Honolulu six days a week, as well as weekly services to locations including Pago Pago, American Samoa and Guam, as ...
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DB Schenker to be sold as a complete unit and not split up
Deutsche Bahn will sell its logistics business, DB Schenker, as a complete unit rather than splitting it up into smaller units.Air Cargo News sister title DVZ reported that the Deutsche Bahn supervisory board was this week told that after months of examining various options, a complete sale was the most ...
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NewsDHL Express unveils mobile charging carts for ground support equipment
Source: DHL ExpressDHL Express has unveiled a mobile charging cart that can be used to recharge electric ground support equipment.The express firm has invested around $10m in the mobile charging technology that will be rolled out at select US airports."Mobile charging technology is a significant step forward in DHL’s commitment ...