CCN, Microsoft launch blockchain air cargo billing, costing and reconciliation system

Singapore-based logistics company Cargo Community Network (CCN) and Microsoft launched a blockchain-based billing, costing and reconciliation system for air cargo at the International Air Transport Association (IATA) World Cargo Symposium in Singapore this week. The blockchain-based system, developed on Microsoft’s Azure cloud computing service, is designed to minimize billing discrepancies, accelerate billing reconciliation and provide […]
  • Chelsea Toczauer
  • March 14, 2019

Singapore Airlines, Cainiao partner to expedite cross-border shipments

Today Hangzhou-based Cainiao Network Technology Co., Ltd., the smart logistics subsidiary of Chinese e-commerce giant Alibaba Group, inked a strategic partnership with Singapore Airlines to leverage the airline’s network to expedite cross-border e-commerce deliveries. The partnership represents one of a number of agreements between Singapore Airlines and Alibaba Group affiliates to cooperate on a number […]
  • Charles Kauffman
  • August 22, 2018

SIA Cargo’s reintegration pays off as cargo revenues surge in first half

SIA Cargo’s reintegration into parent company Singapore Airlines seems to have reversed the steep losses at the Singaporean cargo carrier. Just-posted half-year operating profits of US$23 million represent a $56.5 million, year-over-year, increase. Total cargo revenues for the first half of FY 2017-18 were also up $90 million on higher freight carriage (up by 6.1 […]
  • Lewis King
  • November 8, 2017

Top 5 perishables with the fastest-growing demand for air cargo

During the current period of robust demand for air cargo services, one of the hottest types of commodities sold have come in the form of perishable goods. The exotic nature of some foods, plus a critically short shelf life, has made them the darlings of the airfreight world. The intense appetite for these goods has […]
  • Randy Woods
  • September 30, 2017

SIA Cargo to be re-integrated into Singapore Airlines

After operating for more than 16 year as a standalone company, SIA Cargo will be re-integrated into its former parent, Singapore Airlines, by the first half of 2018, as the struggling carrier moves to improve efficiency across the wider SIA Group. The announcement came in the wake of SIA Group’s net loss of US$99 million […]
  • Lewis King
  • May 25, 2017

Lufthansa and Singapore form joint venture

Deutsche Lufthansa, which could report its first full-year operating loss in six years, has agreed to share revenue with Singapore Airlines on routes from Singapore to Germany and Switzerland, in order for Lufthansa to compete with carriers from the Persian Gulf and expand its presence in Asia according to Bloomberg. Specifically the joint venture will […]
  • Staff Reports
  • November 17, 2015

Singapore Airlines cautious about future

With uncertainty about China’s economic conditions, Singapore Airlines (SIA) said that the “outlook for both passenger and cargo traffic is cautious,” following the release of its first-half result for its 2015-16 fiscal year. The carrier’s cargo network reported a loss of US$12 million for the six-month period, which ended in September. But that is still […]
  • Staff Reports
  • November 9, 2015

Cecil killing prompts trophy cargo policy review

Call it the “Cecil Effect.” In the aftermath of the illegal killing of Cecil the lion by an American dentist in Zimbabwe, airlines that carry “trophy kills” as cargo have come under pressure by organizations such as the Humane Society International. Now, Delta Air Lines, which had been a holdout, has agreed not to carry […]
  • Staff Reports
  • August 5, 2015

India to open first private airfreight station

The opening of the Indev Airfreight Station in Chennai, the capital of the Indian state of Tamil Nadu, marks the first private airfreight station in India. Operations are scheduled to begin Aug. 1 in the 20,000-square-foot facility near Iringattukottai. The building was put on hold for nearly three years due to lack of capability to […]
  • Staff Reports
  • July 24, 2015