Magnate Worldwide sells PTL ground logistics company

International logistics company Magnate Worldwide sold Premium Transportation Logistics (PTL), a ground logistics company, to the trucking company’s senior management team last week.  “We became sort of an inconsequential part of [Magnate’s] story so it made more sense for us to spin off,” PTL President Jeff Curry told Air Cargo World, pointing out that the larger […]

Philadelphia plans massive airfreight complex expansion with land purchase

Philadelphia aviation officials plan to gain a larger share of the estimated US$50 billion in airfreight activity generated in the region by massively expanding Philadelphia International Airport’s (PHL) cargo complex with new land acquisitions. The airport plans to spend $5.5 million to acquire 15 acres of land from a York-based entity called Tinicum Realty Partners […]

DHL launches Global Trade Barometer, calls for 3 more months of trade growth

Few logistics companies have access to the volume of trade data that DHL commands on a daily basis. Starting this year, the global integrator is crunching that data into its just-released “Global Trade Barometer,” a quarterly measure of economic growth based on import and export data for a number of intermediate and early-cycle commodities that […]

Xeneta to expand maritime benchmarking platform into airfreight market

Ocean freight rates benchmarking and market intelligence platform Xeneta plans to expand its price reporting product into the airfreight market, with Xeneta CEO Patrik Berglund saying that “real-time intelligence, understanding and visibility,” were the key to tackling market volatility. Xeneta gathers the real-time global shipping data from a community of over 700 businesses, covering more […]

Cargolux’s weekly Quito service brings Ecuadorian flowers to Europe, Asia

Cargolux Airlines launched scheduled all-cargo services to Quito on July 2, providing four flights per week, originating in Luxembourg and transiting through two airports in Brazil (Curitiba and Viracopos) as well as on in Mexico. The Quito connection sets up more opportunities to ship Ecuador’s cut flower exports to markets in Amsterdam, Luxembourg and beyond. […]

DHL Global Forwarding triples temperature-controlled facilities at Brussels Airport

DHL Global Forwarding Belgium has tripled the size of its temperature-controlled facilities at Brussels Airport, growing its existing GDP-licensed cool-chain area from 1,750 square meters to a total area of 5,300 square meters. “This extension confirms our ambition to remain a leading provider of logistics services to the life-science and healthcare industry,” DHL Global Forwarding […]

Qatar Cargo launches direct freighter service to Cambodia

Qatar Airways Cargo began freighter service to Phnom Penh today, focusing mostly on Cambodia’s garments business, which accounts for about 80 percent of the country’s exports. The weekly service, operating on the Doha–Phnom Penh–Doha route, will offer more than 60 tonnes of cargo capacity each way aboard one of the carriers A330 freighters. The airline […]

Volumes surge as net income drops in Expeditors’ 4Q16

Our sister publication, Cargo Facts takes a look at US-based forwarder and logistics services provider Expeditors  International of Washington, Inc’s 4Q16 results. Despite significantly higher air and ocean freight during 4Q16, compared to 4Q15, net income was down 3.4% y-o-y, to $111 million. For more, see: Expeditors handles record volumes in 4Q16, as margins take a hit

Airberlin’s three new A330-200s to boost U.S.-Germany belly capacity

Airberlin announced plans to add three wide-body A330-200 aircraft, to be flown on additional long-haul flights to the United States, scheduled to begin this summer. In addition to growing the German carrier’s existing A330 fleet to 17, the aircraft will boost belly-hold capacity between Berlin Tegel and Orlando International, and two Californian destinations – San […]

Airfreight volumes, earning continue to rise at Panalpina in Q3

Panalpina announced a slight increase in earnings before interest and tax (EBIT) in spite of what it referred to as a “challenging market.” Airfreight volumes for the Swiss forwarder increased 9 percent, year-over-year, for the first nine months of 2016, even as the overall air cargo market decreased by an estimated 1 percent during the […]