All Top Story articles – Page 41
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News
Bloomberg: Private equity and shipping giants circle DB Schenker
German forwarding and logistics company DB Schenker has attracted bids from shipping and logistics giants as well as a private equity consortium.According to a report in Bloomberg, a consortium led by CVC Capital Partners and Carlyle Group has submitted a bid worth around €14bn.Meanwhile, DSV, AP Moller Maersk and Mediterranean ...
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DP World begins Punta Cana airfreight operations
Airfreight operations have begun at DP World’s air cargo logistics hub in Punta Cana, Dominican Republic with the arrival of its first freighter aircraft. The multimodal facility at Punta Cana International Airport, first announced in March 2023, has been jointly developed with Grupo Puntacana and built through an agreement between ...
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NewsTextron Aviation turboprop combi option makes the cut
Photo: Textron AviationThe Federal Aviation Administration (FAA) has approved Textron Aviation's Combi interior kit for its Cessna SkyCourier aircraft that will allow it to carry a mix of passengers and cargo.US aircraft designer and manufacturer Textron Aviation said in a May 20 press release that the FAA has granted certification ...
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NewsGlasgow Prestwick Airport invests in air cargo
Source: Glasgow PrestwickScottish airport Glasgow Prestwick has announced a series of investments in cargo as it looks to speed up handling times.The airport has recently spent £2.2m on cargo equipment, cold storage solutions and an x-ray machine.Prestwick’s new equipment includes two high loaders with 20 and 35 tonne capacity respectively, ...
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NewsAir Partner targets time-critical cargo with latest appointment
Patti Cole. Source: Air PartnerCharter broker Air Partner has appointed Patti Cole as head of time-critical services for North America as it looks to expand in the segment.Cole will head up Air Partner's time-critical market presence in the US by "implementing compliance procedures to ensure smooth operations, introducing a platform ...
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UPS opens first healthcare facility by Dublin Airport
UPS has opened its first dedicated healthcare facility in Dublin to support the pharma and medical industry supply chain in Ireland.The €12m facility at Horizon Logistics Park in Swords spans around 6,000 sq m and is situated next to Dublin Airport, UPS told Air Cargo News.Fitted with specialised cold chain ...
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NewsK+N installs readers in Frankfurt to monitor AF KLM Cargo's ULDs
K+N's Frankfurt facility. Source: AFKLMP CargoShipment visibility is becoming increasingly important to shippers as technology allows for greater supply chain connectivity while a volatile market places a greater emphasis on cargo visibility.The drive to create more efficient supply chain operations through greater visibility has seen companies invest in trackable ULDs, ...
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Freightos narrows losses as online bookings improve
Online booking and rate firm Freightos saw revenues and profits improve in the first quarter of the year on the back of a record number of online bookings.Freightos, which owns air cargo booking cargo WebCargo, recorded an 11% year-on-year improvement in first-quarter revenues to $5.3m, its operating loss for the ...
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NewsAir Bonanza Express offers IL-76 consolidation service
Source: Air Bonanza ExpressAfrican charter service provider Air Bonanza Express has added a second leased IL-76 freighter and hopes to deploy larger aircraft in the future.The IL-76TD will be used for oversized consolidation cargo from Dubai and Sharjah to various African countries.The company told Air Cargo News that offering a ...
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NewsGeorgi picks Hermes for cloud cargo management
Photo: HermesHermes Logistics Technologies (HLT) has signed a contract with Georgi Group to deliver its latest cloud-based cargo management system, Hermes 5, to the company’s two cargo handling facilities in Germany.Known for its road feeder services across Europe that are operated by Georgi Transporte, the Group also operates cargo handling ...
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NewsMesa Airlines stops 737F operations for DHL Express
Photo: DHL Group US regional air carrier Mesa Airlines has stopped providing air cargo services for DHL due to a “reduction in cargo demand”. Mesa Air Group said in its first quarter 2024 results release that Mesa Airlines had agreed to reduce its freighter service with DHL ...
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NewsUS FAA legislation includes review of airport truck delays
AfA members. Source: AfAUS president Joe Biden has signed into law the Federal Aviation Administration Reauthorization legislation, which includes a section on reviewing truck congestion issues at US airports.The US Airforwaders Association (AfA) said that under the new law, the General Accountability Office will assess air cargo operations across the ...
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E-commerce continues to drive up Cathay's cargo volumes
Cathay Pacific's year-on-year cargo volumes were up 7.4% in April, once again due to strong e-commerce demand.The airline carried 117,428 tonnes of cargo in April 2024, an increase of 7.4% compared with April 2023. However, the airline noted that volumes had dropped month on month.Chief customer and commercial officer Lavinia ...
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NewsLevu Air Cargo scores Latin American first with A321F partnership
Source: SmartLynx Levu Air Cargo will lease an Airbus A321 freighter from SmartLynx Airlines to become the first carrier in Latin America to operate the type. The dry-leased aircraft last week arrived in Recife, Brazil to begin the registration process under the National Civil Aviation Agency of ...
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New partnership aims to create SriLankan Airlines cargo feeder network
MMAG Aviation Consortium (MAC) will establish an air cargo feeder network to support SriLankan Airlines' cargo operations if an investment bid by Supreme Global Holdings and a partner is successful.A partnership led by Sri Lankan conglomerate Supreme Global last week emerged as a potential buyer of an interest in the ...
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NewsASL Airlines Australia adds first 737-800 freighter
Source: ASL AirlinesASL Airlines Australia – the operator formerly known as Pionair Australia – has added its first Boeing 737-800 Boeing Converted Freighter (BCF) to its Air Operators Certificate (AOC), which it expects to put into commercial operations in the coming months.Australia’s first 737-800BCF, the aircraft (VH-CYK) is one of ...
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NewsLogistics trio acquire freight software business
Brian Hay. Photo: The Cardinal PartnershipThe Cardinal Partnership, Davies Turner and Woodland Group have created a holdings company and purchased UK-based freight software company Forward Computers Limited from the Freight Software Group.'Forward Computers Alliance Limited' is the joint venture through which the three freight forwarding and supply chain management companies ...
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Worsening box line disruption to have limited air cargo impact
Disruption to container shipping operations out of Asia has unexpectedly worsened over recent weeks but the development is expected to have limited impact on air cargo.The last few weeks have seen the return of port congestion and container shipping capacity shortages out of Asia push up ocean freight rates.Figures from ...
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NewsUnited Cargo joins third-party booking portals with WebCargo partnership
Source: Vytautas Kielaitis/ShutterStock.comUnited Cargo is placing its airfreight capacity on a third-party online booking platform for the first time through a partnership with Webcargo.United Cargo is currently active on the platform for customers in Belgium, France, Germany, the Netherlands, Switzerland, and the UK, with plans to expand availability to US ...
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Record volumes for Saudia Cargo in Q1
Saudia Cargo had a record first quarter in terms of cargo volumes as shipments of fashion, e-commerce and express goods were on the rise.The Jeddah-headquartered business reported an overall first-quarter volume increase of 20% year on year.Volumes for its specialised products were up by a "significant" 19% compared with a ...