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

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

8 executive moves that will impact air cargo in 2019

It’s a new dawn, it’s a new day… It’s a new CEO? Now that 2019 has arrived, Air Cargo World is looking back one more time to see which of the recent executive moves in 2018 will likely have the greatest impact on the transformation of airfreight logistics in the new year. While some of […]
  • Randy Woods
  • January 4, 2019

SEKO acquires Chicago-based forwarder GoodShip

Fulfilling its previously stated goal to grow its global footprint and forwarding holdings, SEKO Logistics this week purchased GoodShip – a fellow Illinois-based forwarder. Headquartered in Chicago, GoodShip’s location will underpin SEKO’s Chicago gateway – a landing pad for its international customers. SEKO’s president and CEO, James Gagne, said that, after more than 40 years […]
  • Nina Chamlou
  • January 4, 2019

DSV to begin expansion of logistics facilities at Danish headquarters

Danish logistics giant DSV is set to break ground on a logistics facility expansion at its headquarters in the Roskilde-Hedehusene-Taastrup area, about 25 miles west of Copenhagen, which it said is “just the beginning” of a wider expansion plan, set to be completed over the next five years. The project will include the construction of […]
  • Nina Chamlou
  • January 2, 2019

We asked: The top 5 reasons to join air cargo industry

It’s been another turbulent year in the airfreight industry. We’ve seen a boom in air cargo capacity and nearly limitless demand for e-commerce, but there have been some daunting headwinds regarding tariffs and a potential slowdown in world trade. Amid such uncertainty, Air Cargo World was curious to know not only what makes people interested […]
  • Nina Chamlou
  • December 31, 2018

Top 5 most memorable air cargo partnerships announced in 2018

As we wrap up the end of another year of evolution and growth in the realm of airfreight, Air Cargo World reflects on the year’s most memorable partnerships, memoranda of understanding (MOUs), strategic cooperations and joint ventures (JVs), which mark the beginning of a new era in the industry — one that will be defined […]
  • Nina Chamlou
  • December 24, 2018

Panalpina anticipates airfreight growth during Q4 following slow Q3

Panalpina said it is anticipating “good growth” in demand for airfreight in its fourth quarter results, driven by China-Europe, Europe-U.S. and China-U.S. trade lanes and demand for charter services, but emphasized its 2018 end-of-year results “won’t be as strong as the previous year.” The forwarder is emerging from a sluggish third quarter, in which its […]
  • Nina Chamlou
  • December 19, 2018

3 logistics companies weigh in on the potential of a ‘no-deal’ Brexit

With peak season upon us and the Brexit deadline creeping ever closer, the anticipation surrounding the potential impact to affected supply chains connecting the United Kingdom to the European Union. is growing uneasily. At present, there have been few updates from U.K. or E.U. officials regarding their progress on trade negotiations, leaving the logistics community […]
  • Nina Chamlou
  • December 18, 2018

Budapest Airport plans growth strategy for Asia with new routes

Today, Budapest Airport (BUD) announced its new growth strategy for Asia, set to launch in the new year, which includes the addition of several direct freighter and belly cargo routes to China. Although details on schedules and frequency are still to be determined, the new flights are expected to begin operations next summer. The new […]
  • Chelsea Toczauer
  • December 17, 2018

K+N adds pharma facility in Slovenia

Swiss forwarder Kuehne + Nagel is increasing its foothold in pharma logistics with the addition of a new distribution center and warehouse in Slovenia for its healthcare-oriented clients near Ljubljana Airport (LJU), which it said is one of the largest facilities in its international cool-chain network, “KN PharmaChain.” The 38,000-square-meter facility has capacity for about […]
  • Nina Chamlou
  • December 17, 2018

Etihad Cargo expands services to Barcelona

With the launch of Etihad Airways’ passenger services to Barcelona-El Prat Airport (BCN), Etihad Cargo has also expanded its cargo capacity into Spain. The inaugural service, which links its Abu Dhabi hub to Barcelona, took place on Nov. 24, and carried 17.6 tonnes of cargo. Combined with its daily Madrid service, launched in 2015, Etihad […]
  • Chelsea Toczauer
  • December 11, 2018

Davies Turner doubles warehousing capacity in Scotland

Giving fodder to rumors of increased demand for logistics services in the United Kingdom in anticipation of Brexit, prominent U.K.-based forwarder Davies Turner has doubled the size of its Glasgow presence, moving to a 10,000-square-foot facility due to “a much-needed extension of our airfreight operations in Scotland.” Some U.K.-based logistics firms have already reported unseasonably […]
  • Nina Chamlou
  • December 6, 2018

Truck driver shortage souring the American sweet tooth

One of my vices is a fondness for Hershey’s chocolate. This preference is not to say that I avoid products made by other chocolatiers, but when faced with the choice of several brands, Hershey’s milk chocolate is usually the preferred indulgence to my palate. The preference has always been favorable to my wallet, as well, […]
  • Brandon Fried
  • December 5, 2018
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