Region – Page 110
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Panalpina boss on peak season: “airfreight capacity alone will not save the day”
Panalpina chief executive Stefan Karlen has warned that “airfreight capacity alone will not save the day” in air cargo's looming peak season, adding that “smooth operations on the ground will be equally important”.Karlen said that this year’s airfreight market is “not quite as strong” as in 2017, although rates remain ...
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WiseTech Global acquisitions continue as it bags SmartFreight
Expansion-minded WiseTech Global has announced its second acquisition in less than three days after buying Australia-based parcel shipping and less than truckload (LTL) software provider SmartFreight.Earlier this week, WiseTech Global continued its worldwide buying spree with the acquisition of LSI Sigma Software (DataFreight), a provider of Customs, freight forwarding and ...
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WiseTech Global adds Datafreight to its portfolio of acquisitions
WiseTech Global has continued its worldwide buying spree with the acquisition of LSI Sigma Software (DataFreight), a leading provider of customs, freight forwarding and warehouse management software solutions in the UK.Headquartered in Southampton, DataFreight provides integrated logistics solutions, including HMRC customs software, specialist consultancy for UK customs compliance and freight ...
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CMA CGM ups share stake in CEVA Logistics to 33% after rejected DSV bid
Container shipping line CMA CGM has raised its stake in CEVA Logistics from 24.99% to 33% of company shares following the failed takeover approach for CEVA by Danish logistics giant DSV.CMA CGM, the world's third largest container shipping group, has also announced an “additional economic exposure of 4.56%” in CEVA ...
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Silk Way West Airlines launches Baku–Tianjin freighter link
Silk Way West Airlines (SWW) is to start a twice weekly freighter service to Tianjin connecting its global hub in Baku, Azerbijan, with one of the leading industrial centres in northern China.The service will close the strategic gap in the carrier’s network by offering full freighter services to booming Northern ...
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Speedy boarding on Volga-Dnepr
Volga-Dnepr Airlines has organised the delivery of a 38-ton crankshaft from Mexico to India.The flight from Apodaca to Mumbai was chartered by DHL Global Forwarding, with the shipment packaged in a 7-metre long box alongside some support equipment required for loading.Within 12 hours of receiving the request, Volga-Dnepr’s logistics specialists ...
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Atran Airlines to lease two Boeing 737-800 freighters from GECAS
Atran Airlines, the scheduled express cargo carrier within the Volga-Dnepr Group, has signed a deal with GE Capital Aviation Services (GECAS) for the lease of two Boeing 737-800 passenger-to-freighter (P2F) conversions.The aircraft are scheduled to be phased in during the remainder of 2018 and the first half of 2019. They ...
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Thai Airways extends partnership with WFS in France
Thai Airways has extended its long-standing cargo handling contract with Worldwide Flight Services (WFS) in France.The new agreement covers cargo, mail and express handling at airports across France and extends the business relationship between the two companies to 35 years.WFS will also provide cargo security services and trucking operations between ...
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B&H Worldwide strengthens European aerospace logistics offering
Aerospace logistics provider B&H Worldwide has launched a pan-European road transport network “to enable the provision of a reliable alternative to airfreight across the continent” and has opened new offices in Frankfurt and Prague.The company says the new offices “will also be used to assist customers to navigate and plan ...
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Bidders circling Swissport, according to Bloomberg
Rival bidders are circling Swissport International and Brookfield Asset Management Inc is the likely buyer in what could be a $3bn sale, according to reports by Bloomberg News.Bloomberg's unnamed sources close to the matter said that talks are at an "advanced stage" but that they could still break down as ...
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Typhoon Mangkhut hits Hong Kong's airfreight volumes
Hong Kong International Airport (HKIA) has blamed weather conditions for a slight fall in cargo and passenger volumes in September at the world's number one airfreight hub.It said that the decrease is “due primarily to Typhoon Mangkhut, which resulted in no flight movement for more than 20 hours”.Cargo and airmail ...
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Jolly green Hactl to install large-scale solar panels
Hong Kong cargo handler Hactl has taken the next step in its 'Green Terminal' project by installing 1,300 sq m of solar panels on the roof of its SuperTerminal 1 facility in Hong Kong.Hactl’s new solar power installation will feature 518 panels with the electricity generation capacity of 160 kWp, ...
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North American trade still going strong as Europe lags behind
Europe was the laggard trading region in September while North America was “still going strong” according to the gKNi World Trade Indicator powered by LogIndex AG ,the data company of global freighter forwarder Kuehne+Nagel.The gKNi World Trade Indicator stood at 141.0 (+5.8% YoY) at the end of September, down by ...
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Munich Airport suffers cargo decline in September
In September, Munich International Airport handled approximately 30,559 tons of cargo (freight and mail). This figure was down by 4.1% on the same month of 2017.Over the first nine months of this year, the Bavarian gateway handled 273,582 tons of cargo, down by 2.3% year on year.A spokesperson from Munich ...
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AIPUT gains planning permission for new dnata cargo facility at Heathrow
Airport Industrial Property Unit Trust (AIPUT) fund has secured local council planning permission for its 250,000 sq ft dnata City East warehouse on a site opposite the existing Heathrow Cargo Terminal.London Borough of Hounslow’s Planning Committee signalled its approval for the new facility, which has been designed to meet the ...
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UK CMA opens up investigation into Atlantic Joint Business Agreement
The UK’s Competition and Markets Authority (CMA) has opened an investigation into the Atlantic Joint Business Agreement (AJBA).Four airlines are currently signed up to the AJBA: American Airlines, British Airways (part of International Airlines Group, or IAG), Iberia (also part of IAG) and Finnair.The case is at an early stage ...
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CEVA board rejects unsolicited takeover bid
CEVA Logistics' board of directors has rejected an unsolicited non-binding proposal to acquire the company at the price of CHF27.75 per share in cash, valuing the company at around $1.5bn. The bidder was later revealed to be Denmark's DSV.The board of the Switzerland-headquartered supply chain giant "carefully reviewed" the proposal ...
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Emirates SkyCargo marks two-year freighter anniversary in Oslo
Emirates SkyCargo has celebrated two years of operating Boeing 777 freighter services to Oslo airport, the fast growing north European perishables hub for fish shipments.In 2017, Oslo Airport was the fastest growing cargo airport in Europe with a 36% year-on-year increase to 185,000 tons, of which 90,000 tons were seafood.Dubai-based ...
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Heathrow cargo volumes rise in September
London Heathrow Airport saw its cargo volumes rise by 1.2% in September compared to the same month of last year, reaching 142,343 tonnes.Heathrow also saw its August year on year cargo volumes rise by 1.2%.Traffic routeing through the key market of North America experienced particularly good growth last month – ...
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Turkish Cargo flies into Stansted
Turkish Cargo has launched an all-cargo connection linking its Istanbul hub to London Stansted Airport.The three times a week Airbus A330 freighter service flies into Stansted on Wednesdays, Fridays and Sundays.Different routes are operated on different flights, taking in way points such as Johannesburg in South Africa, Nairobi in Kenya, ...