Panalpina confirms DSV takeover bid for US$4 billion

This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant.  The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated that “according to its […]

Panalpina confirms DSV takeover bid for US$4 billion

This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant.  The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated that “according to its […]
  • Randy Woods
  • January 16, 2019

Forwarders step up to prepare for ‘hard Brexit’

Following the rejection of United Kingdom Prime Minister Theresa May’s European Union withdrawal agreement, in a statement today the British International Freight Association (BIFA) recommended its members prepare for what it expects will be “a hard Brexit.” With the March 29 deadline for Brexit rapidly approaching, freight forwarders are facing the difficult fact that, in […]
  • Caryn Livingston
  • January 16, 2019

Announcing the launch of new Royal Media publication, Air Cargo Airports

We at Air Cargo World are pleased to announce the launch of Air Cargo Airports, a new media venture presented by Royal Media, the publisher of  Air Cargo World and Cargo Facts. Airport cargo facilities play a major role in the supply chain and with growing e-commerce and specialty cargo demand, the need for expansion and […]
  • Caryn Livingston
  • January 16, 2019

FedEx Express acquires express division of Israel-based 3PL

This week, FedEx Express said it is procuring the international express business of Israel-based 3PL, Flying Cargo Group (FC), after almost 30 years of cooperation between the companies. Bert Nappier, president of FedEx Express Europe and CEO of Israel-based forwarding company TNT, said the acquisition will leverage the firms’ long-time relationship to offer customers “a […]
  • Nina Chamlou
  • January 16, 2019

UPS Strategic Enterprise Fund invests in blockchain-based Inxeption platform

UPS has made an equity investment in a block-chain-based e-commerce platform startup, called Inxeption Corp., via its UPS Strategic Enterprise Fund. While financial details were not released, the investment will be used to develop e-commerce services for B2B sellers and buyers. Calling the investment partnership “the future of commerce,” Inxeption CEO and co-founder, Farzad Dibachi, […]
  • Randy Woods
  • January 16, 2019

Shipco Airfreight launches K9 cargo screening service

Today, New Jersey-based Shipco Airfreight, a wholly-owned subsidiary of Denmark-based shipping and transportation company Scan-Group, announced its addition of canine screening service for air cargo. The development follows the TSA’s launch of canine screening for air cargo at the end of last year, which was previously leveraged only for passenger and luggage screening. Shipco will […]
  • Chelsea Toczauer
  • January 15, 2019

Announcing the Cargo Facts Asia agenda

This week, our sister publication Cargo Facts released the agenda for the Cargo Facts Asia 2019, to be held in Shanghai on April 15-17 at the Langham Shanghai. This year’s panel discussions will explore industry trends, opportunities, and challenges in the Asia-Pacific region. With the rise of own-operated networks, increasing China-U.S. trade regulations, and China’s […]
  • Nina Chamlou
  • January 15, 2019

India releases first-ever air cargo policy

This morning, India released its new air cargo policy – the first air cargo-specific policy for the country –at the Global Aviation Summit in Mumbai. “We are trying to make a policy for air cargo so that the aviation market can grow, which, in turn, will boost the trade and economy of the country,” said […]
  • Nina Chamlou
  • January 15, 2019

ABC reports 2 percent volume growth in 2018

Russia-based Volga-Dnepr Group’s all-cargo carrier, AirBridgeCargo Airlines (ABC) reported 2018 cargo volumes up two percent year-over-year, to just over 700,000 tonnes. Despite the lackluster growth overall,  AirBridgeCargo said higher-value specialty cargo volumes grew 25 percent y-o-y. While the marginal increase sounds slight compared to AirBridgeCargo’s double-digit growth rates of recent years, the figure isn’t far […]
  • Nina Chamlou
  • January 15, 2019

Panalpina says airfreight could ease potential Brexit bottlenecks

With the Brexit deadline on March 29 creeping up, some carriers and charter services are preparing for a boost in demand for capacity on their E.U.-U.K. routes, saying that shippers that regularly utilize ocean freight may turn to airfreight to avoid bottlenecks at sea ports, in light of the possibility of a “no-deal” Brexit. This […]
  • Nina Chamlou
  • January 14, 2019

16 dead in Saha Airlines crash near Tehran

At around 8:30 a.m. of Jan. 14 local time, a B707 military aircraft operated by Saha Airlines that was carrying meat in route from Manas Airport (FRU) to Payam Airport (PYK) crashed into a residential area near Tehran, killing 16 of the 17 people onboard. One survivor is in critical condition at a local hospital. […]
  • Nina Chamlou
  • January 14, 2019

Fire breaks out at STL terminal

Update: Initial reports indicated that Southwest Airlines Cargo operated out of terminal 1, where the fire broke out. In fact, Southwest Airlines operates out of Terminal 2 at St. Louis International, and was unaffected by the fire.  Firefighters extinguished a fire that broke out in the terminal 1 at St. Louis International Airport’s (STL) yesterday […]
  • Chelsea Toczauer
  • January 14, 2019

Union-backed security strikes at German airports disrupt cargo ops

Following strikes at Berlin’s Tegel (TXL) and Schönefeld (SXF) airports on Jan. 7, more German union-backed strikes took place yesterday, Jan. 10, at Cologne (CGN), Dusseldorf (DUS) and Stuttgart (STR) airports. About 600 flights at the three airports were cancelled yesterday, according to FlightStats. Germany’s largest trade union, Verdi, is in continued negotiations with the […]
  • Chelsea Toczauer
  • January 11, 2019

Lynden goes (way) down under to serve 7th continent [VIDEO]

It’s often impressive when a carrier or freight forwarder can say it is large enough to provide air cargo service to five or six continents across the globe. But how many can say they have flown goods to all seven? At the end of November 2018, in the long daylight hours of the Southern Hemisphere’s […]
  • Randy Woods
  • January 11, 2019
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