Other News

FedEx takeover of TNT enters Phase II

FedEx takeover of TNT enters Phase II

July 31, 2015 at 9:51 pm 0 comments

The European Commission has begun its Phase II review of FedEx’s offer to acquire TNT Express. Our sister publication, Cargo Facts, contributed this story.

UPS chases Coyote Logistics

UPS chases Coyote Logistics

July 31, 2015 at 9:46 pm 0 comments

As reported last week, UPS does indeed plan to acquire Coyote Logistics from private equity firm Warburg Pincus for US$1.8 billion. Chicago-based Coyote is a non-asset based truckload freight brokerage company, which markets itself as a tech-savvy firm with a young staff. The 17th largest 3PL in the United States,Read More

TNT expands to Tunisia

TNT expands to Tunisia

July 31, 2015 at 9:03 pm 0 comments

TNT is now calling on Tunis, the capital city of Tunisia, from its main hub in Liège, with a stop in Marseilles, France. The service will operate five times a week, with arrivals in Tunis every weekday morning, allowing early delivery for goods imported to Tunisia. The return flight willRead More

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JAL has good fiscal first quarter

July 31, 2015 at 8:01 pm 0 comments

With Japan enjoying a recovering economy at a modest pace, and with a little help from the U.S. West Coast port labor dispute, which increased airfreight demand, Japan Airlines (JAL) saw domestic freight tonne kilometers in its first quarter for fiscal year 2015 increase 9.7 percent, year-over-year. However, revenue decreasedRead More

Swissport will be sold to HNA Group

Swissport will be sold to HNA Group

July 30, 2015 at 11:32 pm 0 comments

It’s official. PAI Partners, which acquired Zurich-based Swissport in 2010, will sell the cargo-handling firm to HNA Group of China, making this the fifth-largest acquisition of a European firm by a Chinese company. Swissport will remain as a stand-alone business within HNA Group, which owns China’s fourth-largest airline, Hainan Airlines.Read More

Aviapartner latest acquisition in ground-handling world

Aviapartner latest acquisition in ground-handling world

July 30, 2015 at 10:40 pm 0 comments

In the rapidly consolidating ground-handling market, Dubai-based dnata, has agreed to acquire Belgian ground handler, Aviapartner. This move turns over cargo handling operations at Amsterdam-Schiphol to dnata, which has a 144,350-square-foot warehouse at the airport. The announcement follows the purchase of Worldwide Flight Services (WFS) by Platinum Equity in MayRead More

ACAS extended one more year

ACAS extended one more year

July 30, 2015 at 9:20 pm 0 comments

Forwarders and carriers that still need time to finalize their advance data-sharing operations can breathe a little easier. They now have one more year of pilot testing to smooth out the kinks, said the U.S. Customs and Border Protection (CBP). The law enforcement organization said the Air Cargo Advanced ScreeningRead More

FedEx takeover of TNT enters Phase II

FedEx takeover of TNT enters Phase II

July 31, 2015

The European Commission has begun its Phase II review of FedEx’s offer to acquire TNT Express. Our sister publication, Cargo Facts, contributed this story.

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Strong first half for Rickenbacker

July 29, 2015

U.S.-based all-cargo airport, Rickenbacker International, saw a 40.1 percent increase in cargo handled in the first half of 2015, compared to the first-half figures for 2014. So far this year, the airport has handled just over 46,000 tonnes of goods, compared to 33,000 tonnes in the same period in 2014.Read More

Panalpina remains stable in first-half 2015

Panalpina remains stable in first-half 2015

July 29, 2015

Swiss forwarder Panalpina remained stable in the first half of the year, in spite of airfreight volumes that  decreased by 2 percent in the first six months of the year, and 5 percent in just the second quarter, year-over-year,  while market demand grew by 1 to 2 percent. Consolidated profitRead More