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 […]

VINCI Airports acquires majority shareholding in LGW

Yesterday, VINCI Airports signed an agreement to acquire a majority stake in Gatwick Airport Limited, the parent company of London Gatwick Airport (LGW). The new agreement grants VINCI Airports, as a subsidiary of French company VINCI Concessions, 50.01 percent from current shareholders, leaving the other 49.99 percent to be managed by U.S.-based Global Infrastructure Partners. […]
  • Chelsea Toczauer
  • December 28, 2018

Søren Graversen, Michael Steen join Cargo Facts EMEA speaker faculty

With just a few weeks to go before Cargo Facts EMEA begins, Søren Graversen, CEO of Star Air A/S, and Michael Steen, executive vice president and chief commercial officer of Atlas Air, have joined the speaker faculty. Cargo Facts EMEA 2019, the first innovation-focused event presented by our sister publication, Cargo Facts, will be held […]
  • Nina Chamlou
  • December 28, 2018

European Shippers’ Council says U.K. logistics community needs more time for Brexit

The European Shippers’ Council (ESC) has joined the ranks of industry voices desperately warning of the potential repercussions from the March Brexit deadline. In a statement, the organization said it is advocating for a transitional period to allow governments and companies to “finalize their preparation at least until December 2020.” The council met at a […]
  • Nina Chamlou
  • December 27, 2018

Saudia Cargo ramps up specialty shipments during peak season

As part of Saudi Arabia’s “Vision 2030” initiative, which, in part, calls for the hosting of more entertainment events across the kingdom in the next decade, Saudia Cargo has boosted its participation in the air transport of equipment for several large gatherings in the region, including a heritage festival, a circus, a motor sports race […]
  • Randy Woods
  • December 26, 2018

Freighter race heats up during holiday cool-down

Today, as Air Cargo World pauses to celebrate the season with families and other loved ones, and supply-chain stakeholders breathe sighs of relief after the last of the Christmas packages complete their final-mile deliveries, it appears that the freighter market is just getting warmed up. As reported yesterday in our sister publication, Cargo Facts, China-based […]
  • Randy Woods
  • December 25, 2018

Top 5 most memorable air cargo partnerships announced in 2018

As we wrap up the end of another year of evolution and growth in the realm of airfreight, Air Cargo World reflects on the year’s most memorable partnerships, memoranda of understanding (MOUs), strategic cooperations and joint ventures (JVs), which mark the beginning of a new era in the industry — one that will be defined […]
  • Nina Chamlou
  • December 24, 2018

Chaotic drone situation at LGW still baffling officials

In a series of incidents that may become the “new normal” in this age of unmanned aerial vehicles, London Gatwick Airport (LGW) has resumed operations following several alleged drone sightings that forced the airport to shut down for 36 hours, beginning on Dec. 19, disrupting 140,000 passengers and 1,000 flights. However, despite reports from more […]
  • Nina Chamlou
  • December 24, 2018

Nallian’s Verheyen, Kenya Airways’ Musola, join Cargo Facts EMEA speaker faculty

Jean Verheyen, founder and CEO of Nallian, the world’s first open data-sharing platform for business collaboration, and Peter Musola, the general manager of Kenya Airways Cargo, have both joined the speaker faculty of Cargo Facts EMEA 2019, to be held by Air Cargo World’s sister publication, Cargo Facts, to be held in at the Westin […]
  • Randy Woods
  • December 21, 2018

Air France-KLM-Martinair invests in digitalization

Air France-KLM-Martinair Cargo has joined the ranks of carriers investing in digital service offerings this week with the launch of an application programming interface (API) to allow customers to directly connect to its quote and book tool at any time of day. Called “myCargo,” the platform offers the ability to book up to 4 tonnes […]
  • Nina Chamlou
  • December 21, 2018

November rates ‘highest of last 4 peak seasons,’ Drewry finds

Trans-Pacific airfreight rates hit a four-year high of US$3.18 per kilogram during the month of November – a 5 percent jump from October and a 2 percent year-over-year increase, according to Drewry’s latest East-West Index report. Philip Damas, director of Drewry Supply Chain Advisors, the logistics consultancy arm of Drewry, said that, while the industry’s […]
  • Nina Chamlou
  • December 21, 2018

Frankfurt-Hahn, CASIL sign agreement to establish European hub

Today, Frankfurt-Hahn Airport (HHN) reported its new air-freight agreement with China Aerospace and Technology Corporation’s subsidiary, China Aerospace International Holdings Limited (CASIL). In the agreement, CASIL will operate several new flights to HHN and will establish the airport as its European hub. The new route is also the latest element of China’s sprawling initiative, as […]
  • Chelsea Toczauer
  • December 21, 2018

Amazon Air fleet to expand to 50 freighters

Amazon agreed to lease ten additional freighter-converted 767-300Fs from Air Transport Services Group (ATSG) over the next two years to support the growth of its dedicated freighter network, the e-commerce giant announced today. The aircraft will be leased by ATSG’s leasing subsidiary, Cargo Aircraft Management (CAM), and operated on Amazon’s behalf by an ATSG affiliate carrier […]
  • Charles Kauffman
  • December 21, 2018

New airport cluster emerges in Inland Empire

In the coming year, industry experts should keep their eye on southern California’s emerging airport cluster in the Inland Empire, as integrators increase their presence in the region. The So Cal cluster formerly comprised of Los Angeles (LAX), Ontario International (ONT) and San Diego International (SAN) airports. Now, San Bernardino International Airport (SBD) and March Air […]
  • Chelsea Toczauer
  • December 20, 2018

Saudia Airlines Cargo launches route to India

Saudia Airlines Cargo said it is “aiming to meet the significant increase of demand for cargo services” to India with new passenger services to Calicut International Airport (CCJ), on the Malabar southwestern coast of India. The carrier offers 60 tonnes of capacity per week in the bellies of its A330 aircraft: four flights from King […]
  • Nina Chamlou
  • December 20, 2018
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