Randy Woods

RedCargo, Oman Air to share Southeast Asian, EMEA connections

Malaysia-based RedCargo Logistics, a wholly owned subsidiary of AirAsia Group Berhad ,this week signed an interline cargo agreement with Oman Air, giving both companies access to broader networks between Europe, the Middle East, Africa and the countries of the Association of Southeast Asian Nations (ASEAN). RedCargo was launched in March 2018 as the exclusive sales […]

DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]

CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]

Korean Air replaces legacy systems with global iCargo platform rollout

Korean Air has become the latest cargo carrier to adopt the iCargo platform, offered by IBS Software, as it plans to discontinue its legacy system that has been in use for more than 30 years. Last week, the iCargo platform was integrated into 130 of Korean Air’s station worldwide, giving it control of the carrier’s […]

Cargo demand continued to sag among Asia-Pacific carriers in March

As we begin to pull away from the January/February time frame that is usually skewed by the effects of Chinese Lunar New Year, the preliminary March cargo figures from the Association of Asia-Pacific Airlines (AAPA) remain depressed, though slightly improved compared to January and February, falling by 3.2% compared to the same month in 2018. […]

Bolloré to begin global rollout of CargoWise One platform

In a strategic agreement with logistics firm WiseTech Global, French forwarder Bolloré Logistics, said this week it will begin the rollout of the CargoWise One integrated logistics solutions platform on a global scale, starting in May. Currently used in more than 130 countries, CargoWise One is a transportation management system (TMS) that enables customers to […]

New HKG-Macau bridge reduces DHL-GF’s transit time by 75%

When it comes to road-feeder services, nothing beats a good shortcut. DHL Global Forwarding (DHL-GF) said this week that that new 55-kilometer bridge-tunnel system connecting Hong Kong to Zuhai across China’s Pearl River Delta has slashed transit time by up to 75%, and reduced costs by up to 15%, since it opened last year. The […]

K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]

Panalpina persists in perishables with purchase of CargoMaster, Laseair

Swiss forwarding giant Panalpina is seeking to increase its already large market share of the South American perishables logistics market by purchasing CargoMaster S.A. in Colombia, and its Ecuadorian subsidiary, Laseair S.A. The companies reached an agreement on Tuesday of this week, but chose not to disclose the financial details of the acquisition. CargoMaster, with […]

Cargolux reports record high net profits in ’18, fleet to expand

In spite of what it called “slower economic growth in the second half of the year,” all-cargo carrier Cargolux reported US$211.2 million after-tax consolidated net profit in 2018, which was a new record for the Luxembourg-based carrier. The higher net profit represented a 73% increase from the previous year’s net income of $122.3 million, even […]

WebCargo, Air France-KLM bring dynamic pricing to air cargo

In a bid to speed up the process of booking freight and broaden the use of dynamic pricing in the industry, Air France-KLM-Martinair Cargo has partnered with Freightos to use the WebCargo airfreight booking platform, which provides forwarders with live rates and capacity availability updates. After completing pilot projects with forwarder Panalpina last month, using […]

Thailand’s EEC to link up with Zhengzhou Airport Economy Zone

In a move to strengthen ties air cargo between Thailand and China, the office of Thailand’s Eastern Economic Corridor (EEC) said it is scheduled to sign a “strategic cooperation” agreement later this month with the administrators of China’s Zhengzhou Airport Economy Zone (ZAEZ). Dr. Kanit Sangsubhan, secretary-general of the EEC, told the Bangkok Post that […]

NASA launches ‘time-critical’ cargo to ISS in latest record-setting Antares launch [VIDEO]

Over the last 20 years, many unmanned cargo capsules have been launched to the International Space Station in low-earth orbit, but this may be the first “express” launch, using Northrop Grumman’s Antares rocket. When the NG-11 Cygnus cargo spacecraft (pictured at right) lifted off yesterday afternoon, from NASA’s Mid-Atlantic Regional Spaceport on the Virginia coast, […]

Rhenus seeks Americas traffic with Freight Logistics purchase near MIA

Logistics services provider Rhenus Group said it acquired Miami-based international freight forwarder Freight Logistics yesterday, in a bid to secure more access to air cargo traffic from the Americas regions. Freight Logistics, which operates a consolidation hub near Miami International Airport (MIA), also has offices in Argentina, Brazil and Chile. Founded in 2001, California-based Freight […]
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