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Amazon to acquire Souq.com despite Emaar’s last-minute bid

March 28, 2017 at 5:59 pm 0 comments

Amazon and Emaar Malls stared each other down in the Middle East e-commerce spotlight, and Emaar just blinked. A last-minute ante of US$230 million by United Arab Emirates-based Emaar failed to derail plans by Amazon to acquire Souq.com, an e-commerce leader in the Middle East. The Seattle-based e-commerce giant announcedRead More

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DFW: Balancing cargo needs for the short and long term

March 28, 2017 at 5:57 pm 0 comments

It’s hard enough to stay one step ahead of the competition – try thinking three decades down the road. That’s the challenge that John Ackerman, executive vice president of global strategy and development for Dallas–Fort Worth Airport (DFW), said he must contend with in today’s fickle and often unpredictable airRead More

Alibaba expected to fuel nearly a third of China’s digital economy jobs

Alibaba expected to fuel nearly a third of China’s digital economy jobs

March 28, 2017 at 5:29 pm 0 comments

A report out by the Boston Consulting Group (BCG) claims that, on its current trajectory, Alibaba could be responsible for some 112 million jobs out of an eye-watering 415 million total jobs available in China’s digital economy in 2035. “If Alibaba’s emerging businesses, such as cloud computing and digital entertainment,Read More

Momentum for cargo builds for Asia-Pacific airlines in February

Momentum for cargo builds for Asia-Pacific airlines in February

March 28, 2017 at 5:11 pm 0 comments

Air cargo markets across Asia picked up momentum last month, posting solid increases in demand, according to preliminary February traffic figures from the Association of Asia Pacific Airlines (AAPA). International air cargo demand for member carriers registered growth of 11.3 percent in freight tonne kilometers (FTK), compared to February lastRead More

UAE’s Emaar outbids Amazon for Dubai-based e-commerce retailer

UAE’s Emaar outbids Amazon for Dubai-based e-commerce retailer

March 27, 2017 at 5:56 pm 0 comments

An e-commerce arms race is heating up in one of the Middle East’s most lucrative markets, with United Arab Emirates-based property holding company Emaar bidding against Amazon for e-commerce retailer Souq.com. Emaar, which owns properties including the sprawling Dubai Mall, announced that it was offering US$880-million for the Middle East’sRead More

International trade drives Aeroflot cargo business

International trade drives Aeroflot cargo business

March 27, 2017 at 5:56 pm 0 comments

Sometimes it pays to be in the right place at the right time. Moscow-based Aeroflot, located midway between Europa and Asia, saw cargo and mail volumes grow 29.2 percent in February, driven by strong international freight volumes, while domestic volumes were flat. Full-year revenues for the Russian carrier rose 19.4Read More

NCA cancels remaining 747-8F orders

NCA cancels remaining 747-8F orders

March 27, 2017 at 5:35 pm 0 comments

Japan-based NYK Group, parent of Nippon Cargo Airlines (NCA), said it reached an agreement with Boeing to cancel NCA’s two remaining orders for 747-8 freighters. NCA was a launch customer for the 747-8F, placing an order for eight units in November 2005, and upping its total to 14 in early 2007. However, byRead More

CEVA Logistics opens new facility in Doncaster, U.K.

CEVA Logistics opens new facility in Doncaster, U.K.

March 27, 2017 at 5:23 pm 0 comments

CEVA Logistics has opened a 215,800-square-foot “shared-user warehouse” at the new iPort intermodal logistics park, in Doncaster, U.K. The site can accommodate up to 28,000 pallets, sits adjacent to a 35-acre rail terminal and has parking bays for 110 large trucks. The logistics company will offer retail and other consumer-goodsRead More