Lower first-half profits, labor unrest belie positive outlook at Atlas

Atlas Air has wrapped up its second quarter figures, which president and CEO William Flynn called “one of the most important in the company’s history,” following the acquisition of Southern Air and the game-changing deal with Amazon to lease and operate twenty 767-300 freighters. It was also a rough quarter, with income from continuing operations, […]

Panalpina, Shapeways partner to localize manufacturing via 3D printing [VIDEO]

Despite its reputation as a company that specializes in forwarding and logistics services between global locales, Panalpina’s latest partnership is about locating customers and production as close to the buyer as possible. Through a partnership with Shapeways, a U.S.-based 3D printing service and marketplace for consumers, Panalpina is looking to “dramatically change the traditional manufacturing […]

AirBridgeCargo’s executive president Denis Ilin resigns

On the same day that Richard Forson is to take over the reins of Cargolux after CEO Dirk Reich suddenly stepped down, the all-cargo carrier world was rocked again this morning as AirBridgeCargo’s announced that executive president Denis Ilin has resigned after three years on the job, “in accordance with mutual agreements,” the Russian carrier […]

UPS reports strong operating profit in challenging market

In a conference call with investors, UPS CEO David Abney announced another strong quarter for the global logistics company, and came out swinging in favor of free trade. Among the highlights of the report were strong earnings for the second quarter.  Total revenue was up 3.8 percent over the same quarter last year, to $14.6 […]

DHL opens new Chicago service center

DHL has expanded its operations in Chicago, opening a US$1.3 million service center facility to meet “heavy demand” for international e-commerce growth from local businesses in the state of Illinois. The new center, the company said, will handle a variety of shipments, including international small parcels, palletized shipments and container freight. At 38,000 square feet, […]

DP-DHL looks to cross-border investment for e-commerce growth

One would be hard-pressed to name a market expanding more rapidly than cross-border e-commerce, and today Deutsche Post DHL Group’s Post – eCommerce- Parcel unit has unveiled its strategy to construct six new distribution centers and expand two existing centers in the United States to leverage this growing market. By 2020, the value of cross-border […]

Freightos goes global with online-marketplace pricing model

Freightos has expanded its online marketplace that the logistics technology company hopes will revolutionize the freight market. After launching the Freightos Marketplace in January 2016 in “closed beta” mode, providing fast freight price quotes for some of the world’s largest forwarders, the company has broadened its scope to allow small- to medium-sized enterprises (SMEs) to […]

DHL to deliver from smartphone to Smart cars in Germany

Starting this September, Smart car owners in Stuttgart will be able to use their cars as mobile addresses for DHL deliveries. Shortly thereafter, the partnership will be expanded to other German cites, such as Bonn, Berlin and Cologne. The joint delivery experiment uses smartphones, with the car owner and DHL courier communicating with specially designed […]

Lufthansa Cargo brings back deferred shipments

In another sign that the air cargo overcapacity issue is creating havoc among legacy carriers, Lufthansa Cargo is bringing back the concept of deferred products – this time in the form of td.Basic, a new online offering for standard air cargo that puts the carrier, “on the offensive in the highly competitive air cargo market.” […]

Panalpina posts flat profits in post-oil market

Long-term low oil prices are forcing Panalpina to restructure and pivot towards other sectors in search of cargo, the 3PL said in its report on first-half results for 2016, which were mostly lackluster Panalpina announced a gross profit of US$745.8 million for the first half of 2016, which CEO Peter Ulber noted was relatively flat, […]

Airports Council International reports weak start to 2016

Echoing the mid-year reports from several other aviation groups, Airports Council International (ACI) said air cargo tonnage was flat for the first five months of 2016, rising just 0.6 percent in May, year-over-year, and 0.2 percent, y-o-y, over the period of January to May 2015. Passenger traffic, however, was a different story, increasing by 4.6 […]

Strong June not enough to offset sluggish 2016 for Cathay

A strong June, in which Cathay Pacific Airlines reported cargo volume up 7.1 percent, year-over-year, was not sufficient to offset sluggish business in the previous five months of 2016, during which time revenue tonne kilometers (RTKs) fell 2.3 percent. Cathay’s cargo load factor rose by 1.6 percentage points to 64.3 in June. However, the carrier […]

Air France-KLM Cargo expands footprint at JFK

Air France-KLM Cargo has opened a new cargo handling facility at New York’s JFK Airport. The European carrier’s new facility is a significant upgrade, and is able to accommodate both general cargo and specialty shipments, such as live animals and express cargo that require timely movement. The new facility features 72-cubic-meter-capacity cool chain enclosures, capable […]

K+N’s first-half profits rise despite revenue drop

The Kuehne + Nagel Group reported that gross profits were up by by 8 percent to US$3.3 billion in the first six months of 2016, even as net sales decreased. The logistics provider’s operating result (EBITDA) grew by 10 percent to $554.9 million, while earnings before tax and interest (EBIT) were up $45.6 million over […]
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