Fraport increases majority stake in Lima Airport to 80%

Fraport AG, which manages Frankfurt Airport (FRA) and holds interests in the operation of several other airports, increased its stake in Lima Airport Partners (LAP) by 10% to 80%, Fraport announced on May 24. LAP operates and manages Lima Airport (LIM), and has done so since 2001. Fraport said in a statement that the acquisition […]

Last-mile tech startup FarEye looks to Americas for expansion

India-based logistics technology startup FarEye, announced yesterday that it plans to grow its presence in the United States by opening a Chicago office and building out its team of local experts to serve the U.S. market. For starters, the company appointed Larry Klimczyk as president of the Americas region. The company’s CTO, Gaurav Srivastava, will also be relocating to Chicago.   Best known for its end-to-end […]

Automation, capacity, economic woes top supply chain trends report

With the continuing rise of e-commerce demand despite lackluster economic growth, supply chain professionals are most concerned about lack of capacity and rising costs in e-commerce, according to research firm EyeForTransport (EFT), which released its “Supply Chain Hot Trends 2019” report this week. Based on a global survey of 765 supply chain professionals, including retailers, […]

China’s national transport indicators denote regional variance in cargo flows 

This week, the Civil Aviation Administration of China (CAAC) announced the country’s transportation production indicators for March,  showing that different parts of the country are seeing more cargo flow than others.  While overall cargo volumes moving through Chinese airports was weak at a nationwide level, statistics for airports by region showed that Chinese airports overall saw a 1.6% year-over-year increase in […]

Flying taxi startups using European technology to debut in Asia

The world’s first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing facility in Singapore later this year for trial flights, while Austria’s FACC AG is working to produce hundreds of passenger drones for Chinese partner EHang Inc.by the […]

Virgin Atlantic Cargo doubles service to India with new Mumbai route

After a four-year hiatus, Virgin Atlantic Cargo said it will resume daily service to the fast-growing cargo market of Mumbai from London Heathrow (LHR) in October of this year, following the temporary suspension of India’s Jet Airways operations. With a first flight scheduled for Oct. 27, the U.K.-based Virgin Atlantic said the 787-9 aircraft will […]

Asia-Pacific airlines grow cargo revenue, yields in 2018

Despite slower growth in air cargo demand, airlines in the Asia-Pacific region generated US$21.2 billion in cargo revenue in 2018, 11.5% higher than 2017, and increased their yields by 8.9%, year-over-year, to US$0.27 per freight tonne kilometer (FTK), according to preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA). The association’s […]

UPS adds international destinations to Saturday pick-ups

In a move to support shippers wanting to fulfill online orders over the weekend, UPS has expanded its Saturday pick-up service for U.S. customers with the addition of 122 export destinations around the world.  The UPS Worldwide Express product is now available to a total of 179 destinations, including 28 new markets in the Americas, 20 in […]

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]

IAG Cargo revenues dip in Q1, despite rise in traffic

Like many carriers this year, U.K.-based IAG Cargo said its first-quarter 2019 revenues declined year-over-year, falling to €275 million during the period March 31 for a 2.5% loss, compared to Q1 of 2018, at a constant exchange rate. However, its cargo traffic increased by 2.6% to 1.39 billion cargo tonne kilometers (CTK), thanks to a […]

Operating profits rise for DP-DHL Group’s Q1, but airfreight volumes drop

While Deutsche Post-DHL Group (DP-DHL) saw revenues and operating profits rise in the first quarter of 2019, compared with Q1 the year prior, the Global Forwarding, Freight (GFF), division reported airfreight volumes down by 3.9% for the period ending March 31, the fifth-straight quarter that saw volume reduction in the division. For the quarter, DP-DHL […]

PSA, SATS sign MOU to enhance sea-air connectivity in Singapore

In an effort to encourage closer cooperation between air and ocean modes, port operator PSA International Pte Ltd. and ground handler SATS Ltd. signed a memorandum of understanding (MOU) today to provide cargo shippers and logistics service providers with better connectivity in the bustling hub of Singapore. The MOU was facilitated by the government agency […]

Etihad Cargo adds Singapore to 777F network

Beginning today, Etihad Cargo (EY) will connect its Abu Dhabi (AUH) hub with a weekly 777F flight to Singapore’s Changi Airport (SIN). Flights will depart Abu Dhabi every Thursday and will stop in Ho Chi Minh City (SGN) on the return. The new service is the latest in a recent string of network tweaks that […]
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