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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

The quiet rise of Chinese express: STO launches Brescia 747F flights

The quiet rise of Chinese express: STO launches Brescia 747F flights

March 24, 2017 at 5:33 pm 0 comments

Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and ChineseRead More

One man’s trash: DHL and Gatwick convert waste into energy

One man’s trash: DHL and Gatwick convert waste into energy

March 24, 2017 at 5:24 pm 0 comments

Gatwick Airport and DHL Supply Chain have flipped the “On” switch for the airport’s new waste management plant, making Gatwick the first airport to turn airport waste into energy onsite. DHL’s new £3.8 million waste plant not only disposes of, but also converts waste into energy to heat Gatwick’s wasteRead More

Kerry posts strong profits, pushes ‘One Belt One Road’ investments

Kerry posts strong profits, pushes ‘One Belt One Road’ investments

March 24, 2017 at 5:05 pm 0 comments

A 24 percent increase in Kerry Logistics International Freight Forwarding (IFF) profits pushed growth in the company’s core net profit up 4 percent, to US$142.1 million for 2016, as total revenue increased 14 percent, to $2.71 billion. The IFF division growth was propelled by contributions from recently acquired Apex MaritimeRead More

Walmart seeks last-mile ventures with new startup incubator

Walmart seeks last-mile ventures with new startup incubator

March 23, 2017 at 5:58 pm 0 comments

In the latest salvo of the e-commerce wars, retail giant Walmart has announced its interest in muscling in on the last-mile delivery sector with the launch of “Store No. 8,” a new startup incubator program in Silicon Valley, according to a report from sister publication, Mobility Buzz. The incubator isRead More