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 […]

AirBridgeCargo, PACTL sign MOU to cooperate with pharma customers in China

To capture some of the growing pharmaceutical air cargo business in China, AirBridgeCargo Airlines (ABC) and Shanghai Pudong International Airport Cargo Terminal Co., Ltd (PACTL) today signed a “memorandum of understanding” (MOU) to  cooperate on providing handling services for time- and temperature-sensitive shipments, such as pharma cargo. Under the MOU, both parties agreed to “develop, […]
  • Randy Woods
  • May 16, 2018

DSV opens new office in Panama’s ‘free-trade zone’

Citing a new surge of growth in air cargo demand across the Latin American and Caribbean regions, Danish supply chain company DSV Sea & Air open the doors today at new office location in Panama City, Panama, a key transit hub well known for its free-trade zones. Located near the strategically Panama Canal, the new […]
  • Randy Woods
  • May 16, 2018

Blockchain-based app can hold supply chain partners accountable for container damage

Logistics services provider TCompanies’ newest venture, Photo Equipment Interchange Receipt (PEIR), is an app for logistics companies that aims to digitalize the process of recording damage to containers and trailers. The PEIR app’s interface allows those handling freight at transition points in the supply chain to snap photos of the state of the container or […]
  • Nina Chamlou
  • May 16, 2018

CEVA releases positive Q1 figures, outlines post-IPO strategy

Less than a month after its initial public offering (IPO) on the Swiss stock exchanges raised about US$1.2 billion for the Dutch logistics firm, CEVA released generally positive figures for the first quarter of 2018, and provided some more details about its partial purchase of French shipping company CMA CGM. Adjusted earnings before interest, taxes, […]
  • Randy Woods
  • May 15, 2018

DHL, Rail Cargo Group, expand China’s ‘Belt-Road’ plan with new Chengdu-Vienna route

In a deal spanning six countries and two continents, DHL Global Forwarding (DHL-GF), the airfreight forwarding arm of the Deutsche Post DHL Group, has signed a memorandum of understanding (MOU) with Austria’s Rail Cargo Group (RCG) to develop an intermodal rail network between Austria and China, extending China’s “One Belt, One Road” initiative to redevelop […]
  • Randy Woods
  • May 15, 2018

Silk Way West Airlines further expands routes, adds two 747 aircraft

At the end of April , Azerbaijani carrrier Silk Way West added twice weekly flights between Liége and the carrier’s connecting hub in Baku, as part of its planned  expansion strategy. “The aim is to further knit our European network by adding more destinations and maintaining a denser schedule in order to offer our customers […]
  • Randy Woods
  • May 14, 2018

Asia-Pacific carriers experience robust cargo growth, higher yields, in 2017

With major manufacturing economies in the Asia-Pacific region benefitting from increased trade activity, the area' airlines reported a robust 9.6 percent jump in international air cargo traffic as measured in freight tonne kilometers (FTK) for the year, according to preliminary aggregated financial performance figures released over the weekend by the Association of Asia Pacific Airlines […]
  • Randy Woods
  • May 14, 2018

A peek behind the curtain at Prime Air [VIDEO]

It’s been almost two years since “Amazon One,” the first Prime Air 767 freighter took to the skies for Amazon’s carrier, “Prime Air,” operated on a CMI basis by Air Transport Services Group and Atlas Air Worldwide Holdings. Today, Amazon’s freighter network has expanded to a total of 33 aircraft – all the same 767F model. […]
  • Randy Woods
  • May 11, 2018

CNS 2018: Autonomous vehicles may be inevitable, but will they be embraced?

PALM SPRINGS, CALIF. – The mention of autonomous vehicles tends to conjure images of flying drones and quadcopters. But Dan Murray, vice president of the American Transportation Research Institute (ATRI), said that the vehicle that will have a far more immediate and lasting impact on cargo will be autonomous trucks, although it may be some […]
  • Randy Woods
  • May 11, 2018

Ukraine International obtains GSSA in foray into Indian market

Ukraine International Airlines (UIA) has retained the services of ECS Globe Air Cargo India as its new general sales and service agent (GSSA) in a foray into the Indian cargo market. UIA has been working with ECS’ Indian branch since May 1, when the airline launched three direct flights per week between Kiev Boryspil Airport […]
  • Nina Chamlou
  • May 11, 2018

Western Global teams up with Hactl for ground handling on L.A.-to-Hong Kong service

On Wednesday, Florida-based cargo carrier Western Global Airlines launched a new partnership with Hong Kong Air Cargo Terminals Limited (Hactl), which will provide ground handling services for the carrier’s Los Angeles-to-Hong Kong route, in partnership with U.S.-based forwarder Flexport. “Working with Hong Kong’s leading freighter handler, Hactl, will help ensure that we can provide our […]
  • Nina Chamlou
  • May 11, 2018

Walmart Flipkart deal: Not the blockbuster it may seem?

Yesterday’s blockbuster US$16 billion deal, in which Walmart said it plans to buy a 77 percent stake in India’s online retail powerhouse Flipkart, caused some wild speculation about whether the acquisition could open up a new battleground in the Indian e-commerce wars currently being fought mostly by Alibaba and Amazon to expand their market share across […]
  • Randy Woods
  • May 10, 2018

Emirates reports higher profits, despite slower cargo growth

This week, Emirates Group released financial results for the fiscal year ended March 31, 2018, reporting an eye-catching increase in overall net profit of 67 percent to US$1.1 billion. However, the cargo arm of its business, Emirates SkyCargo, reported slowing growth, with tonnage carried increasing by 1.8 percent to 2.6 million tonnes in FY2017, which […]
  • Nina Chamlou
  • May 10, 2018
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