News

CFA 2017: PEMCO begins 737-700 conversion program with Texel Air

CFA 2017: PEMCO begins 737-700 conversion program with Texel Air

April 26, 2017 at 5:30 pm 0 comments

SHANGHAI – At the Cargo Facts Asia event in Shanghai today, PEMCO World Air Services formally launched passenger-to-freighter and passenger-to-combi programs for Boeing’s 737-700. PEMCO, which was recently acquired by Air Transport Services Group, also announced a launch order from Bahrain-based Chisholm Enterprises, parent of charter operator Texel Air, forRead More

Yusen expands European pharma reach with two warehouse projects

Yusen expands European pharma reach with two warehouse projects

April 26, 2017 at 5:18 pm 0 comments

In the heart of Europe’s pharmaceutical sector, Yusen Logistics is launching two major pharmaceutical and healthcare industry logistics projects: one in Belgium, the other in the Netherlands. In the Belgian city of Melsele, at the Yusen Logistics Antwerp Distribution Center (ADC), Yusen is expanding the existing facility, adding an adjoiningRead More

Narrowbody surge predicted in 20-year freighter forecast at Cargo Facts Asia

Narrowbody surge predicted in 20-year freighter forecast at Cargo Facts Asia

April 25, 2017 at 5:59 pm 0 comments

SHANGHAI — With no end in sight to the burgeoning growth of global e-commerce, the worldwide growth in narrowbody freighters is anticipated to reach 1,178 aircraft by 2036, up from just 656 narrowbody freighters at the end of 2016, according to the 20-year “Freighter Forecast for 2017 – 2036,” released todayRead More

Are rising airfreight rates a sign of resurgent global trade?

Are rising airfreight rates a sign of resurgent global trade?

April 25, 2017 at 5:57 pm 0 comments

Airfreight rates ticked back up again in March, up US$0.21 per kilogram, or 6.7 percent over March 2016, as the industry moved out of a seasonal decline in rates that generally follows the holiday surge. Drewry’s East West Airfreight Price Index registered an increase of 4 percent, to 87.6 pointsRead More

Dachser Acquires majority interest in Johnston Logistics

Dachser Acquires majority interest in Johnston Logistics

April 25, 2017 at 5:24 pm 0 comments

Dachser has become a majority shareholder in Ireland-based Johnston Logistics, allowing Dachser to expand its “all-important” European logistics network in northwestern Europe, said Michael Schilling, COO of road logistics at the German logistics firm.  Johnston Logistics is focused on the Irish market, but also serves the U.K. with warehouse andRead More

Shakeup at Virgin Atlantic as cargo boss Lloyd plans to step down

Shakeup at Virgin Atlantic as cargo boss Lloyd plans to step down

April 24, 2017 at 5:58 pm 0 comments

After a 30-year tenure, Virgin Atlantic’s senior vice president of cargo, John Lloyd, decided he will step down from the position this September. The veteran airfreight boss said he is resigning to pursue other, yet unspecified endeavors. “We will certainly be sad to see John go,” read a statement fromRead More

Amazon makes major bid to boost European warehouse market share

Amazon makes major bid to boost European warehouse market share

April 24, 2017 at 5:50 pm 0 comments

Amazon is in the market for 1,300 warehouse units across Europe as the e-commerce company rushes to consolidate market share for its one-hour Prime Now delivery service. The Telegraph reports that the warehouses will be set up near population centers, allowing Amazon to store high-demand items near customers. Prime subscriptionRead More

WACO forwarders network grows in Silk Road, North America markets

WACO forwarders network grows in Silk Road, North America markets

April 24, 2017 at 5:46 pm 0 comments

The global freight network for independent forwarders, known as The WACO System, has added three new members in North America and along the Silk Road, increasing its representation in two major overland transportation markets.       Canada-based ITN Logistics has been added to the organization’s North American roster, while Trans Global ProjectsRead More