All Top Story articles – Page 17
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NewsDHL Group reveals new strategy to drive revenue growth
Source: DHLThe DHL Group is aiming to grow revenue by 50% by 2030 through a series of initiatives across its various divisions.The company said its plan to grow its revenues compared with 2023 levels was based on the current complex and volatile market conditions that had resulted in companies actively ...
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MSC Air Cargo gains CEIV Pharma
MSC Air Cargo has achieved the IATA CEIV Pharma certification as the company responds to growing pharma volumes.The certification is used by companies to demonstrate that their pharma operations meet the standards set by IATA, which set a benchmark for the handling, storage, and transportation of pharmaceutical products, ensuring adherence ...
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Lufthansa Cargo and Swiss to add SAF costs into airfreight surcharge
Lufthansa Group-owned Lufthansa Cargo and Swiss WorldCargo have announced they will begin to include the cost of Sustainable Aviation Fuel (SAF) in their Airfreight Surcharge (ASC).The two cargo businesses said that starting on January 1 2025, they would include a SAF blending quota of an initial 2% for departure from ...
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NewsAF KLM Cargo returns to Hong Kong as carriers add Asia freighter capacity
Air France KLM Martinair Cargo (AFKLMP) last week launched a new freighter flight to Hong Kong after an absence of nine years as a number of carriers have moved capacity to the Asia Pacific market to capitalise on strong cargo demand.The flight was operated by Martinair on behalf of KLM ...
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Newstime:matters links with cargo.one
Lars Krosch, time:matters, and Simson Demmer, cargo.one. Source: time:mattersTime critical forwarder time:matters has partnered with cargo.one on the use of its online booking platform.The partnership will give time:matters' team the ability to quote and book capacity from over 60 airlines on a 24/7 basis, which the company hopes will reduce ...
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NewsTGP appoints UK GM as it looks to capitalise on energy sector growth
Ben Taylor. Image source: Trans Global ProjectsTrans Global Projects (TGP) has appointed Ben Taylor as the general manager of its UK business as it looks to benefit from growth in the energy sector.Taylor will take responsibility for the day-to-day running of the UK business and its future development. He has ...
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NewsFIATA endorses IATA Cargo Handling Manual
Freight forwarder association FIATA has given its backing to IATA’s Cargo Handling Manual in a move they hope will create efficiencies in airport operations through the use of a consistent set of global standards. The two groups said that the endorsement of the manual comes after one year of process ...
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NewsSATS and Sinotrans partner on the creation of new air hubs
Ground handler SATS and freight forwarder Sinotrans will work together to add a series of new airfreight hubs.The two companies said the partnership will see them create gateway hubs for Sinotrans' airfreight arm, Sinoair, in Singapore, Malaysia, Indonesia, Saudi Arabia and Belgium.Sinoair currently has regular charters operating between China, Liege ...
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Seko responds to market pressure with recapitalisation
US forwarding and logistics firm Seko Logistics has recapitalised to strengthen its financial position and allow for future investments.The company said it had successfully entered into a definitive agreement on a transaction with its key financial partners, although it has not outlined the exact details of the refinancing.The agreement is ...
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NewsSurging air cargo rates out of Japan and Bangladesh boost buoyant market
Airfreight rates from Bangladesh and Japan have surged in recent weeks helping to raise prices in an "already buoyant" air cargo market, according to data provider WorldACD.The latest figures from WorldACD show that overall airfreight rates were up 14% year on year in the week ending September 15, led by ...
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NewsFormula 1 and DHL give the green light to SAF
Source: DHL Global ForwardingRacing car series Formula 1 has this year been teaming up with DHL Global Forwarding (GF) to utilise Sustainable Aviation Fuel (SAF) to transport equipment to races around the world.The SAF partnership was announced today but actually began in March when DHL GF's GoGreen Plus service was ...
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NewsFedEx lowers outlook as profits slide
FedEx saw revenues and profits decline in its fiscal first quarter as the company faced challenging market conditions, customers opted for less expensive delivery services and operating costs were on the rise. The express giant saw revenues for the quarter ended August 31 decrease 0.5% year on year to $21.6bn, ...
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NewsCathay Cargo looks to minimise disruption with Anchorage terminal deal
Tom Owen, Cathay Cargo and Sean Dolan, NorthLink Aviation. Source: Cathay Cargo Cathay Cargo has announced a long-term agreement with terminal operator NorthLink Aviation to use its air cargo facility and aircraft stands at Ted Stevens Anchorage International Airport. The deal commences in October 2025 and will ...
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NewsEtihad Cargo and SF Airlines to deepen partnership
Source: Etihad CargoEtihad Cargo and SF Airlines have announced plans to further expand their partnership through a joint venture that will offer a "unified logistics solution".The new partnership will see the two carriers offer increased aircraft capacity, improved transit times, interconnected networks and the expanded distribution of SF Express’s international ...
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Alaska Air Group completes acquisition of Hawaiian Airlines
Alaska Air Group has acquired Hawaiian Airlines, completing a transaction that expands its operation to include transpacific flights and that bolsters Alaska Air’s fleet with its first widebody jets.The Seattle-based company, parent to Alaska Airlines, said on 18 September it had closed the deal, paying $1.9bn in all-stock acquisition to ...
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Schiphol Airport prepares for launch of new Secure Import process
The Schiphol Airport cargo community will this month start testing the new Secure Import system that aims to reduce crime rates and improve processing.Secure Import combines a new framework agreement for the import of cargo with a new IT platform - developed by Cargonaut and SmartLOXS - to process information ...
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CVC offers to increase bid for DB Schenker
The private equity consortium led by CVC has reportedly launched a last-ditch effort to beat DSV in the race to buy DB Schenker despite the Danish forwarder having signed a €14.3bn take over deal last week.News agencies Reuters and Bloomberg are both reporting that CVC has written to Schenker parent ...
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NewsExporters welcome approval of Melbourne's third runway
Source: Graham Drew Photography/ShutterstockAustralia's federal government has approved plans to develop a third runway at Melbourne Airport, a move that shippers say will help boost exports.The 3,000 m runway will be built parallel and 1.3 km to the west of the existing north-south runway, along with new taxiways and other ...
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NewsUS box port workers 'ready to strike' as contract deadline looms
Source: Strikernia/shutterstockUS East and Gulf Coast container port workers say they are ready to launch industrial action on October 1 unless a new contract can be agreed with terminal bosses before then.The International Longshoremen’s Association (ILA) yesterday issued a statement to say that members are "united as never before in ...
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Qatar Cargo adds a range of product upgrades
Qatar Airways Cargo has launched a set of solutions that can be added to existing cargo products.The new AirPlus Solutions provide customers with three additional options: Q-Climate, Q-Plus and Q-Prime.The Q-Climate option provides temperature-control for its general cargo and vulnerable cargo product categories. This option includes ramp protection against external ...