All Top Story articles – Page 141
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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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News
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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InsightsAir cargo outlook: challenging market ahead
It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines.The fall in volumes reflects high inflation that is affecting consumer spending, ...
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InsightsPartnerships key for United Cargo's growth
United is striving to keep its customers onside, evolve strategic partnerships and focus on re-establishing a strong network, explains Ian Putzger.The resurgence in passenger traffic appears not to have dented United Airlines’ cargo business.Although widebodies reverted to passenger routes, the carrier outperformed most other airlines on cargo in the third ...
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Insights
Putzger perspective: e-freighters anyone?
E-freighters offer an attractive cargo solution, but they come as freighter demand has slowed down, writes Ian Putzger.In the Superman comic strips, reporter Clark Kent would rapidly transform himself into the superhero to perform his stunning feat to avert a massive disaster and then morph back into the bespectacled journalist. ...
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InsightsTaking up the sustainability Challenge
Challenge Group is embracing sustainability and modernising its aircraft fleet as it looks to the future of the business.The Malta-headquartered international air cargo conglomeration currently has a fleet of four Boeing B747-400Fs.Israel-based airline Challenge Airlines IL operates two of the four-engined B747-400Fs.And Belgium-based airline Challenge Airlines BE also operates two ...
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Insights
The changing role of traditional and digital forwarders
The meteoric rise in freight levels during the pandemic created an irrational exuberance for most forwarders, but the party is ending for some, writes Airforwarders Association (AfA) executive director Brandon Fried.As freight forwarders begin to see reduced shipments drop to more realistic levels, some still see high volumes but most ...
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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 ...
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NewsDSV reports on a strong year
Denmark-headquartered supply chain services provider DSV has revealed strong results for 2022, which it said had been driven by “good performance across all our business areas”.Over 2022, its gross profit increased by 33%, while earnings before interest and taxes (EBIT) before accounting for special items rose by 48%.DSV’s Air & ...
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NewsIAG Cargo goes big on dinosaur move
IAG Cargo has transported a skeleton cast of the world’s largest known dinosaur from Argentina to the UK.The cast’s journey began in Trelow, Argentina, before being moved to the Argentine capital.It was stored within crates before being shipped across the Atlantic in the bellyhold of two BA Boeing 787-9 ‘Dreamliner’ ...
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NewsDronamics names two new senior managers
Pete MacIntyre and Robert Harnan. Photo: DronamicsCargo drone developer Dronamics has appointed two new figures to its management team.Pete MacIntyre has joined the company as chief legal officer and is now a member of its executive team.He has previously managed multidisciplinary legal teams at leading technology businesses including TikTok, Microsoft ...
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NewsATSA agrees deal with De Havilland Canada for Dash 8-400 conversion
ATSA Dash 8-400. Photo: De Havilland CanadaPeru-based airline Aero Transporte S.A. (ATSA) has signed a firm agreement with De Havilland Canada for a Dash 8-400 freighter conversion.To feature a large cargo door, the converted aircraft type is designated Dash 8-400 F-LCD.ATSA will become the first South American operator of Dash ...
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News
Pharma.Aero adds five new associate partners
Cross-pharmaceutical industry collaboration platform Pharma.Aero has further expanded its global network of life science and medtech stakeholders by adding HAZGO, Topa Thermal, SmartCAE, Nippon Express and Air Cargo Logistics as associate partners.Frank Van Gelder, secretary general of Pharma.Aero, observed of the group’s partners: “All of them are concentrating on specific ...