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 […]

Flights canceled in Northeast U.S. due to early spring snowstorm

The calendar currently says spring has arrived, but cargo handlers across the Northeast United States may not be too sure. More than 4,100 flights were canceled today in the Northeast region due to “Winter Storm Toby,” the fourth major storm of its kind to hit the region in a three-week span. Airports in the area […]
  • Nina Chamlou
  • March 21, 2018

Trump’s tax cuts gave FedEx huge boost in Q3 net income

Benefiting greatly from the Tax Cuts and Jobs Act (TCJA) championed by President Trump and passed in the U.S. Congress last year, FedEx Corp. reported a whopping 269 percent rise in quarterly net income, worth more than US$2 billion, said the Memphis-based integrator as it released its third-quarter figures for the 2017 fiscal year. The re-measurement of FedEx’s tax […]
  • Randy Woods
  • March 21, 2018

Damco to launch returns service for Asia-Pacific e-commerce

While the continued growth in e-commerce demand that surrounds Chinese giants like Alibaba and JD.com may evoke dollar signs in the eyes of interested parties, there is one major caveat associated with the industry: the rate of returns demanded by customers. In response, international freight forwarder Damco revealed plans today to offer a service that […]
  • Nina Chamlou
  • March 21, 2018

FRA adds China Cargo Airlines to client list

Today Frankfurt Airport (FRA) added China Cargo Airlines to its international portfolio of cargo carriers. China Cargo will operate a new service between Shanghai-Pudong and Frankfurt twice a week on Wednesdays and Sundays – likely on its 747-400ERF aircraft. The carrier plans to increase the frequency of this route after obtaining additional traffic rights. This […]
  • Nina Chamlou
  • March 21, 2018

Insurance policy for unmanned aircraft addresses concerns

The future of airfreight – and much of daily life, it seems – is likely to be as autonomous as possible. However, the brave new world of driverless vehicles is bound to be hindered by tragedies like the one that happened earlier this week, when a woman in Arizona was struck and killed by one […]
  • Nina Chamlou
  • March 21, 2018

CargoLogicAir meets with British official on boosting U.K. trade

Aviation minister for the British parliament’s department for transport, Baroness Liz Sugg, met with executives from London-based CargoLogicAir (CLA) at London Stansted Airport (STN) to discuss CLA’s role in boosting international trade in the realms of pharmaceuticals, aerospace, oil and gas, and the automotive industries. In attendance was recently-appointed CEO David Kerr, chief commercial officer […]
  • Nina Chamlou
  • March 21, 2018

Panalpina embraces GDP certification for pharma handling

In the ongoing debate over the merits of Good Distribution Practice (GDP) certification versus IATA’s CEIV-Pharma program, put Swiss forwarder Panalpina firmly in the pro-GDP corner. The Basel-based forwarder said today that 70 of its facilities are compliant with GDP standards, while 30 of its locations have the official GDP certification, adding that these numbers […]
  • Nina Chamlou
  • March 20, 2018

Pharma.Aero, IATA sign MoU to promote CEIV-Pharma standards

The International Air Transport Association (IATA) signed a memorandum of understanding (MoU) with Pharma.Aero, an initiative advocating for pharmaceutical shipping standards based on IATA’s CEIV-Pharma certification. The agreement “formalizes an ongoing collaboration between the two organizations with the aim of better assisting the industry in improving the quality of services for pharmaceutical handling and transport […]
  • Caryn Livingston
  • March 20, 2018

Alibaba doubles down on investing in Lazada Group

In a move that is sure to have air cargo repercussions in the near future, the owners of China’s Alibaba e-commerce marketplace have sent a message to rival Amazon by doubling its initial US$2 billion investment in Southeast Asian e-commerce firm Lazada Group to $4 billion. In addition, Alibaba co-founder Lucy Peng was named as […]
  • Randy Woods
  • March 19, 2018

Lufthansa Group reports ‘best results in history’ for 2017

Germany-based Lufthansa Group reported its “best results in history,” upon releasing its 2017 financial statement. The carrier’s adjusted earnings before interest and taxes (EBIT) rose a precipitous 70 percent to €3 billion, compared to the previous year, and revenues rose 12.4 percent, year-over-year, to €35.6 billion. Looking specifically at the logistics arm of the business, […]
  • Nina Chamlou
  • March 19, 2018

Pouwels will lead Schiphol cargo team in new department

Following February’s decision to move Amsterdam Airport Schiphol’s (AMS) cargo department under the umbrella of the airport’s new Aviation Department, AMS has announced that the current director of business development for cargo, Bart Pouwels, will lead the cargo team in the new department, effective April 2. The new division at AMS includes five teams: Cargo; […]
  • Caryn Livingston
  • March 19, 2018

WCS 2018: IATA launches digital tools for dangerous goods declarations

DALLAS – It was a busy conference for dangerous goods (DG) last week at IATA’s World Cargo Symposium. In an effort to encourage electronic management DG handling and improve safety, IATA introduced both its Dangerous Goods AutoCheck (DG AutoCheck) platform and its e-Dangerous Goods Declaration (e-DGD) standards. DG AutoCheck stands as a bridge between the […]
  • Randy Woods
  • March 19, 2018

WCS 2018: Supply chain optimization through collaboration

DALLAS – End-to-end supply chain optimization is a common goal that all stakeholders in the air cargo industry are working toward, but what does it take to get there? Wednesday’s Cargo Transformation Track at IATA’s World Cargo Symposium featured a lively panel that explored how to move the industry beyond the obstacles and challenges of […]
  • Charles Kauffman
  • March 16, 2018

WCS 2018: An inside look at Southwest Cargo

DALLAS — As a last stop in Dallas following this week’s World Cargo Symposium, the Air Cargo World team received a tour of locally-based Southwest Airlines’ cargo operations at Dallas Love Field (DAL). The carrier is scheduled to launch its new Southwest Cargo Suite (SCS) on March 25, which will allow it to begin international cargo service between […]
  • Caryn Livingston
  • March 16, 2018
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