Supply chains – Page 15
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NewsCMA CGM Air Cargo and AFKLMP partnership extends global reach with Cairo
Photo: CMA CGM Air CargoCMA CGM Air Cargo is growing its network with the addition of a scheduled route between Paris and Cairo, launched as part of its capacity partnership with Air France KLM Martinair Cargo (AFKLMP).The cargo airline will serve Cairo with one weekly flight from October 3 using ...
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Heathrow cargo tunnel closure set to cause delays
There are warnings of potential delays to cargo at Heathrow after a safety issue resulted in the temporary closure of a tunnel linking the cargo terminal area (CTA) with terminal four (T4).In an operational advice notice, the airport said that the tunnel was closed due to a "life safety issue" ...
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NewsMaersk opens Los Angeles air cargo gateway
Photo: MaerskMaersk has inaugurated a new 130,000 sq ft airfreight import/export gateway near Los Angeles International Airport (LAX) as part of its North American airfreight capacity expansion programme.Maersk, which launched Maersk Air Cargo in April last year, said the LAX gateway allows for "more supply chain integration opportunities" and "better ...
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NewsSilk Way West takes delivery of first 777 freighter
Silk Way West Airlines' first Boeing 777F. Photo: BoeingSilk Way West Airlines has taken delivery of its first Boeing 777 freighter as part of its plan to modernise its fleet and increase its capacity.The freighter is the first of an order for five production 777Fs made by the cargo airline ...
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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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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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NewsLufthansa Cargo expands A321F network in Europe
Lufthansa Cargo freighter. Photo: Lufthansa CargoLufthansa Cargo is expanding its A321F network in Europe with the introduction of Helsinki, and additional capacity from Copenhagen.On September 28, Lufthansa Cargo will start operating from Helsinki to Copenhagen once a week.The airline said it will also add a second frequency a week from ...
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WestJet Cargo continues expansion with new cargo route
Canadian airline WestJet Cargo has launched a new cargo route to Havana, Cuba, the carrier's first venture into the Cuban capital.Calgary-headquartered WestJet Cargo is operating one weekly Boeing 737-800 freighter flight from Toronto Pearson International Airport to José Martí International Airport in Havana, Cuba.The airline offers 20 tonnes cargo capacity ...
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Cainiao files for IPO on the Hong Kong Stock Exchange
E-commerce giant Alibaba will list its logistics business Cainiao on the Hong Kong Stock Exchange in an IPO that could raise as much as $1bn.On Tuesday, Alibaba submitted its application to list its logistics business on the stock exchange, although the financial terms and size of the offering were not ...
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More signs of a 'firmer' air cargo market
There were further signs that the air cargo market was firming up last week after more than a year of demand declines.The latest weekly figures from data provider TAC Index show that the overall BAI airfreight rate index last week increased by 4.8% on the previous seven days.Meanwhile, the year-on-year ...
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Is the air cargo market finally showing signs of improvement?
Emerging reports suggest that the air cargo market may finally be showing signs of a slight improvement after a year and a half in the doldrums.The latest market report from data provider WorldACD shows that air cargo demand last week increased by 4% on the previous seven days, which itself ...
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NewsIAG Cargo expands cold chain services in US
Photo: IAG CargoIAG Cargo's facility at Cincinnati/Northern Kentucky International Airport (CVG) has been approved to transport time and temperature-sensitive healthcare products.This "Constant Climate" station will facilitate the movement of pharmaceuticals that require time and temperature management between Cincinnati and London Heathrow Airport.IAG Cargo said the station will leverage the company's ...
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NewsChina business booms at Bournemouth
Chinese delegation at Bournemouth Airport. Photo: Cargo FirstBournemouth Airport’s cargo handling service, Cargo First has announced the doubling of capacity between Bournemouth and China and the signing of a new cargo development agreement following the launch of an e-commerce route earlier this year.Shenzhen Sharing Express Logistic-Tech Ltd and airline European ...
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Oman Airports Management Company forms sea-air logistics partnership
Maersk, APM Terminals-managed Port of Salalah, and Oman Airports Management Company have teamed up to launch a new sea-air logistics solution via Oman for cargo moving from Colombo, Sri Lanka, to Cairo Egypt.The intermodal collaboration aims to reduce transit times by an estimated 20-40% compared to traditional east-west ocean routes, ...
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NewsNo signs of a peak season as air cargo market remains weak in August
Although air cargo declines have narrowed in recent months there are no signs that the industry will enjoy a peak season despite some expressing hopes of a recovery in the final months of the year.The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight ...
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NewsFedEx Express to build own facility at Istanbul Airport
Photo: FedExFedEx Express has signed an agreement to build a new package facility at Istanbul Airport, which will be completed in November next year.The US firm currently utilises a shared location at Istanbul Airport.With the new facility, FedEx aims to strengthen its presence at the airport by offering greater reliability ...
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Etihad Cargo adds belly capacity in Europe and Asia
Etihad Cargo will boost its belly capacity with its winter schedule by introducing 29 weekly passenger flights to new destinations, and adding 90 flights to existing routes, said the Abu Dhabi-based airline.It will offer additional cargo capacity to two new European gateways with four flights a week to Copenhagen in ...
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NewsDimerco teams up with Cathay Cargo to pilot new Air-Sea solution
Photo: DimercoFreight forwarder Dimerco has partnered with Cathay Cargo to carry out the pilot operation of a new Air-Sea solution transporting shipments from Singapore to Dongguan, China via Hong Kong.Dimerco developed the Air-Sea solution to provide a faster alternative to the Air-Truck service mode. This new initiative is designed to ...
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UK moves to a phased approach for export declaration switchover
UK customs has announced it will now adopt a phased approach to the rollout of its new system for export customs declaration.The new phased approach means that selected high-volume exporters will move from the existing system, CHIEF, to the new Customs Declaration Service (CDS) by November 30.However, all other businesses ...
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CEVA Logistics expands in India with acquisition
French firm CEVA Logistics is expanding in India with the purchase of nationwide contract logistics expert Stellar Value Chain Solutions.CMA CGM-owned CEVA Logistics said it has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders.Launched ...