Digital freight forwarder Zencargo raises US$4 million

London-based digital freight forwarder Zencargo today announced the completion of its “seed plus” round of funding, led by LocalGlobe, with participation from Samos Investments and Picus Capital, bringing total funds raised to more than US$4 million for the startup. Zencargo said the money will go toward accelerating its product development process and expand its presence […]

Kenya’s Astral Aviation to purchase two Falcon cargo drones

Today, at the Farnborough International Airshow, Dubai-based unmanned aerial vehicle (UAV) company Falcon Drones Technology and Nairobi-based cargo carrier Astral Aviation agreed that the airline will purchase two of Falcon’s  Lucas-F250 drones (pictured), with an option to purchase another 10 of the aircraft next year. The drone has an endurance of 10 hours, a range […]
  • Nina Chamlou
  • July 18, 2018

Southern Air pilots reach tentative agreement with Atlas Worldwide

Atlas Air Worldwide Holdings, Inc. (AAWW), has reached an agreement between the union representing pilots who fly for subsidiary carrier, Southern Air, over “interim enhancements” to the pilots’ collective bargaining agreement. According to AAWW, the interim agreement would “increase pay rates for Southern Air pilots to the same wage scales as provided to pilots of […]
  • Randy Woods
  • July 18, 2018

ODW opens high-tech Columbus logistics facility

Columbus-based 3PL ODW Logistics is opening a 200,000-square-foot logistics center, located 30 minutes from Rickenbacker International Airport (LCK), bolstering its foothold in the Ohio e-commerce hub. ODW says the facility’s services will be “fully customized for each shipper,” offering bar-code scanning, static and in-motion scales, dimensioning systems, label print and application capability, sortation services, and […]
  • Nina Chamlou
  • July 18, 2018

Delta Cargo, Korean Air announce airfreight JV for trans-Pacific routes

Today, Delta Cargo and Korean Air Cargo launch a joint-venture partnership to share belly capacity and facilities in a move to capture demand for trans-Pacific airfreight services. The partnership introduces Korean Air to Delta’s intercontinental U.S. market, which will align it to import products, such as cell-phones, auto parts and electronics to North America. Heading […]
  • Nina Chamlou
  • July 17, 2018

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]
  • Nina Chamlou
  • July 17, 2018

Volga Dnepr to buy 34 Boeing freighter aircraft

Yesterday, at the Farnborough International Airshow, Russian airline conglomerate Volga-Dnepr Group and U.K.-based affiliate Cargo Logic Holding signed a massive agreement with Boeing, which included a letter of intent to order twenty-nine 777Fs and firm-ordered five 747-8 Fs. The deal is valued at approximately US$2 billion. Alexey Isaykin, president of Volga-Dnepr Group and chairman of […]
  • Nina Chamlou
  • July 17, 2018

DHL Express purchases fourteen 777-Fs

Today, DHL Express released news of its purchase of 14 Boeing 777Fs at the Farnborough International Air Show, calling the purchase the beginning of “a gradual replacement of our older intercontinental fleet,” and said the investment is a “direct answer” to growing demand for global express capacity. The carrier said that the purchase will be […]
  • Nina Chamlou
  • July 16, 2018

Antonov reports 42 percent growth in 2018 YTD, plans to modernize fleet

Ukrainian outsize-cargo carrier Antonov Airlines reported an overall increase in revenue of 81 percent for the airline in 2017, and a 42 percent rise in revenue for the period of January to May of this year, compared to the first five months of 2017. Antonov attributed the influx in revenue to higher demand in the […]
  • Nina Chamlou
  • July 16, 2018

AirBridgeCargo, CargoLogicAir sign on with IoT firm for pharma tracking

At the Farnborough Air Show today, two cargo carriers – Russia’s AirBridgeCargo (ABC) and London-based CargoLogicAir (CLA) – said they have signed on with “internet of things” (IoT) digital avionics firm, SITAONAIR, to provide real-time monitoring of temperature-sensitive pharmaceutical cargo. Through the use of connected electronic sensors, SITAONAIR collects air cargo data provided by its […]
  • Randy Woods
  • July 16, 2018

Lufthansa Cargo to offer digital freight capacity booking

Lufthansa Cargo has released plans to offer digital freight capacity booking in a new partnership with the software-as-a-service (SaaS) company, cargo.one. The Berlin-based SaaS company – turning a year old in August – serves as a platform for carriers to host and market their available capacity to forwarders. The service already offers capacity on Austrian […]
  • Nina Chamlou
  • July 16, 2018

U.K. makes concrete E.U. trade-relations proposals anticipating Brexit

Just before President Trump made his first state visit to the U.K., the British government finally released a long-awaited document containing tangible plans for its trade relations with European Union countries.  With the U.K.’s departure from the E.U. set to take place in eight months, the nation’s forwarding community is giving the plan mixed reviews. […]
  • Nina Chamlou
  • July 13, 2018

DHL Express launches express Mexico-U.S. flights for pharma

DHL Express has launched multiple expedited Mexico-U.S. flights – serving Mexico City, Guadalajara and Monterrey to “most U.S. destinations” – addressing a demand for transportation of pharmaceuticals and biomedical shipments to Central and South America. The logistics giant’s DHL Worldwide Medical Express (WMX) service, launched in 2014, offers dry ice supplies and temperature-controlled packaging fulfillment […]
  • Nina Chamlou
  • July 13, 2018

Brazil’s Azul Cargo receives first of two converted freighters

In yet another sign of Brazil’s economic recovery, Azul Cargo Express received the first of two recently converted 737-400F freighters to help support the carrier’s rapidly growing cargo division, which has already seen traffic rise by 61 percent since the start of 2018. Much of the air cargo demand has been fueled by increased industrial […]
  • Randy Woods
  • July 13, 2018

FRA cargo growth slows in semi-annual report

Frankfurt Airport’s (FRA’s) semi-annual report shows a drop in 2.8 percent in June cargo handle, year-over-year). Looking at the airport’s total growth in cargo traffic for the first half of 2018, there was still 0.1 percent increase compared to the previous year, but the growth looks anemic next to the double-digit growth rates industry players […]
  • Nina Chamlou
  • July 12, 2018
Page 12 of 416« First...1011121314 203040...Last »