Articles by: Randy Woods

credit: souq.com instagram

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

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

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

Visionary Transportation startup eyes the stars with electric cargo rocket

Visionary Transportation startup eyes the stars with electric cargo rocket

March 22, 2017 at 5:52 pm 0 comments

Startup Visionary Transportation has big plans for the next few years, including the development of a 15-foot electric rocket for launching cargo into space, according to Air Cargo World‘s sister publication, Mobility Buzz. Visionary Transportation will begin research and development on the cargo rocket, soon after it completes a prototype for anRead More

Amazon, DHL reported to be in partnership in Cincinnati

Amazon, DHL reported to be in partnership in Cincinnati

March 21, 2017 at 5:59 pm 0 comments

Soon after Amazon made its announcement last month that it would build a huge new air hub at Cincinnati/Northern Kentucky Airport (CVG), rumors began circulating about a possible partnership with DHL’s Americas Hub. Well, according to a story in The Lane Report, the rumors appear to be true. As reportedRead More

European Commission re-imposes cartel fine against 10 carriers

European Commission re-imposes cartel fine against 10 carriers

March 17, 2017 at 5:59 pm 0 comments

It appears March is turn-back-the-clock month in the European air cargo industry. Just a week after a European Union court today reversed an earlier decision preventing UPS from purchasing TNT Airways in 2013 on antitrust grounds, the European Commission (EC) has reversed a December 2015 decision by the General CourtRead More

WCS 2017: Astral Aerial wins IATA Innovation Award for ‘UTM Concept for Africa’

WCS 2017: Astral Aerial wins IATA Innovation Award for ‘UTM Concept for Africa’

March 17, 2017 at 5:59 pm 0 comments

ABU DHABI — As IATA wrapped up its 11th World Cargo Symposium here yesterday, it announced that conference participants chose Astral Aerial Solutions as the winner of its 2017 Air Cargo Innovation award, amongst five finalists that had been narrowed down by a panel of judges. Astral Aerial won forRead More

Rumors swirl about Amazon acquiring more freighters

Rumors swirl about Amazon acquiring more freighters

March 17, 2017 at 5:53 pm 0 comments

Have you heard the latest out of Amazon? In the last couple of days Air Cargo World and our sister publication Cargo Facts have received word from two separate sources that Amazon is in talks to acquire more freighter aircraft. You may want to sit down when you hear how manyRead More