Panalpina confirms DSV takeover bid for US$4 billion

This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant.  The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated that “according to its […]

8 executive moves that will impact air cargo in 2019

It’s a new dawn, it’s a new day… It’s a new CEO? Now that 2019 has arrived, Air Cargo World is looking back one more time to see which of the recent executive moves in 2018 will likely have the greatest impact on the transformation of airfreight logistics in the new year. While some of […]
  • Randy Woods
  • January 4, 2019

SEKO acquires Chicago-based forwarder GoodShip

Fulfilling its previously stated goal to grow its global footprint and forwarding holdings, SEKO Logistics this week purchased GoodShip – a fellow Illinois-based forwarder. Headquartered in Chicago, GoodShip’s location will underpin SEKO’s Chicago gateway – a landing pad for its international customers. SEKO’s president and CEO, James Gagne, said that, after more than 40 years […]
  • Nina Chamlou
  • January 4, 2019

PRISM Logistics opens California perishables warehouse

California-based 3PL PRISM Logistics has expanded its warehouse capacity in California with an additional warehouse in Stockton – about 80 miles east of San Francisco – that will cater to its customers in consumer product goods, especially in food and beverage. The facility, which opened at the end of the fourth-quarter, is food-grade and safety-certified […]
  • Nina Chamlou
  • January 4, 2019

Chengdu is newest site for SF Express hub

SF Express plans to develop a cargo hub at Chengdu Shuangliu International Airport (CTU), following the Dec. 25 signing of a joint venture agreement between SF Express’ parent company SF Holdings, the Chengdu Municipal Government and Sichuan Airport Group, according to the municipal government. Once operational, the hub will operate as a multi-modal gateway to […]
  • Chelsea Toczauer
  • January 3, 2019

FedEx drops plans to serve Cuba, citing chilled U.S. relations

In another sign of cooling relations between the United States and Cuba, FedEx Corp. said yesterday that it will no longer pursue scheduled cargo service to the Caribbean island nation, ending a more-than-two-year effort to establish overnight courier service to the former Cold War adversary. According to Bloomberg, FedEx issued a statement on Wednesday, saying […]
  • Randy Woods
  • January 3, 2019

SpiceJet launches new perishables service from GAU

This week, SpiceFresh, a subsidiary of SpiceJet that partners directly with farmers, launched a dedicated freight service to transport fresh produce. To mark the occasion, two flights flew 1 tonne each of mandarin oranges from Guwahati International Airport (GAU), to Hong Kong (HKG) and Dubai (DBX), according to Times of India and a Twitter statement […]
  • Chelsea Toczauer
  • January 3, 2019

Cargo-Partner plows ahead with logistics facility in Slovenia

Austrian logistics services company Cargo-Partner is on track to finish its Slovenia logistics facility – which began construction in June 2018 – by this summer. The 82,000-square-foot “iLogistics Center” will be located directly next to Ljubljana Airport (LJU) – previously known as Brnik Airport – a regional hub that receives most of its traffic from routes […]
  • Nina Chamlou
  • January 3, 2019

DSV to begin expansion of logistics facilities at Danish headquarters

Danish logistics giant DSV is set to break ground on a logistics facility expansion at its headquarters in the Roskilde-Hedehusene-Taastrup area, about 25 miles west of Copenhagen, which it said is “just the beginning” of a wider expansion plan, set to be completed over the next five years. The project will include the construction of […]
  • Nina Chamlou
  • January 2, 2019

Qatar Airways acquires 5 percent of China Southern Airlines shares

Today, Qatar Airways Group announced its on-market purchase of shares in China Southern Airlines Company Ltd., amounting to roughly 5 percent of the carrier’s total issued share capital. This new investment follows Qatar Airway’s fellow Oneworld member American Airlines’ own investment in China Southern in March 2017, when the U.S. carrier acquired a 2.76 percent […]
  • Chelsea Toczauer
  • January 2, 2019

Top 5 airfreight trends to expect for 2019

Happy new year! Every January brings with it anticipation of the months to come and what they hold for airfreight logistics. Trade wars, recent WorldACD reports and the impending finale of Brexit have instilled uncertainty into the market, but the outlook for this year still suggests growth. We at Air Cargo World, have chosen the […]
  • Chelsea Toczauer
  • January 1, 2019

WorldACD: Do modest November volumes indicate a 2019 slowdown?

One of the more reliable annual air cargo results in recent years has been a healthy rise in volumes for November, indicating the results of the busy shipping events surrounding “11.11” in China and “Black Friday/Cyber Monday” in the United States. But according to analysis released today by WorldACD, November has not performed quite as […]
  • Randy Woods
  • December 31, 2018

We asked: The top 5 reasons to join air cargo industry

It’s been another turbulent year in the airfreight industry. We’ve seen a boom in air cargo capacity and nearly limitless demand for e-commerce, but there have been some daunting headwinds regarding tariffs and a potential slowdown in world trade. Amid such uncertainty, Air Cargo World was curious to know not only what makes people interested […]
  • Nina Chamlou
  • December 31, 2018

FedEx to modernize and expand hubs at MEM, IND

FedEx recently released its “2018 Annual report” and filed several permit applications announcing plans to modernize and expand its FedEx Express hubs at Memphis (MEM) and Indianapolis (IND) international airports. The company reported expected capital expenditures for 2019 at approximately US$5.6 billion, to include FedEx Express investments in aircraft fleet modernization and the Memphis and […]
  • Chelsea Toczauer
  • December 31, 2018

The top 10 most-read Air Cargo World articles in 2018

With 2019 just a few days away, we at Air Cargo World would like to pause to reflect on this mostly positive but tumultuous year in air cargo – a year of airfreight traffic booms, labor concerns and a strong peak season, tempered by the chill winds of global protectionism and looming Brexit worries for […]
  • Randy Woods
  • December 28, 2018
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