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 […]

IATA, WorldACD: Volume growth rates tap the brakes in September

While freight rates hit their highest level since January in September, according to Drewry’s East-West Airfreight Price Index, year-over-year volume growth slowed to its lowest rate in months, with WorldACD reporting September y-o-y growth of 8.8 percent and the International Air Transport Association (IATA) reporting 9.2 percent growth. The slow-down in growth comes as little […]
  • Caryn Livingston
  • November 1, 2017

New deltacargo.com rolls out end-to-end tracking for shippers

Delta Cargo launched its re-designed website, deltacargo.com, bolstering its one-stop-shop shipping that makes the carrier an easy-to-use proposition for both new customers, including freight forwarders and shippers, as well as streamlining shipping for existing customers. “This new website provides complete end-to-end digital booking, acceptance and tracking, 24/7, on laptops and mobile devices anywhere in the […]
  • Lewis King
  • November 1, 2017

UPS to expand in Colorado with package facility in time for peak

UPS is expanding in the Denver region again, with the construction of a US$90 million package distribution facility that the company says will be operational this year, in time for the holiday shipping season. Kenneth Cherry, president of the UPS Desert Mountain district, said that the expansion was required to meet the, “rapid expansion of […]
  • Lewis King
  • November 1, 2017

Drewry: Peak season boosts September freight rates – finally

Airfreight’s peak season is finally being reflected in freight rates for East-West routes. After remaining surprisingly flat through August, airfreight rates rose to their highest average rate since January with a seasonal boost, climbing to US$2.68 for September, according to Drewry’s East-West Airfreight Price Index. This brings airfreight rates to about where they were last […]
  • Caryn Livingston
  • November 1, 2017

Blown Away: Big data for disaster avoidance

A common industry theme in how best to face disaster scenarios like the recent hurricanes is to use emerging technology offerings to make informed, intelligent decisions ahead of time wherever possible. Some of the available options include Resilinc, DHL’s Resilience360 and C.H. Robinson’s Navisphere, which use big-data analysis and real-time information updates to help shippers, […]
  • Caryn Livingston
  • October 31, 2017

5 most anticipated airport cargo capacity expansions

As demand continues to increase for air cargo and e-commerce, the world’s airports are preparing to expand where possible to handle the expected load. Here is a list of some of the most eagerly awaited airport projects that will help expand global airfreight capacity.   1) Chicago, U.S. — DHL’s Global Gateway Facility Just last […]
  • Randy Woods
  • October 31, 2017

E-commerce logistics startup ShipBob expands into Dallas region with new warehouse

E-commerce fulfillment startup ShipBob announced the opening of its newest warehouse in Dallas, the company’s first in the Southern United States, and the first since announcing a Series B investment of US$17.5 million, led by investment firm Bain Capital Ventures. ShipBob CEO Dhruv Saxena said that, “with so many e-commerce companies in the region, we’re […]
  • Lewis King
  • October 31, 2017

IAG Cargo gets boost from Asia-Pacific demand, oceanfreight congestion

IAG Cargo’s revenue increased by 4.3 percent for the first nine months of 2017, rising to €775 million as the carrier’s total cargo tonne kilometers (CTKs) also rose. Over the third quarter of 2017, cargo revenue increased 7.9 percent year-over-year, to €259 million. The carrier attributed growth to stronger performance in the Asia-Pacific region after […]
  • Caryn Livingston
  • October 31, 2017

European shippers demand IATA act to defend freighter operations

The European Shippers Council (ESC) is warning that slot-allocation policies at major airports will “immediately hurt the rest of the supply chain, hamper the economic investment climate, and result in a loss of jobs” unless policies are changed to accommodate full freighter operations. For example, with freighter flights at Amsterdam Schiphol (AMS) facing a 20 […]
  • Lewis King
  • October 31, 2017

Exclusive report on Precision’s latest narrowbody conversion

In an exclusive interview with Precision Aircraft Solutions’ vice president of sales and marketing, Brian McCarthy, our sister publication, Cargo Facts, chose today’s All Hallows Eve to reveal Precision’s latest move in the narrowbody freighter conversion market. “All those other conversion houses are so boring,” McCarthy said. “All they can think of is the same […]
  • David Harris
  • October 31, 2017

FIATA deal with GS1 promotes digitalization for forwarders

In a memorandum of understanding (MoU) between the International Federation of Freight Forwarders Associations (FIATA) and GS1, a working group from the two organizations, will begin digitalization of FIATA documents using GS1’s global identification system. FIATA said that, to begin the process, its Advisory Body Information Technology (ABIT) group will follow “a step-by-step approach for […]
  • Caryn Livingston
  • October 31, 2017

DHL adds global gateway facility to O’Hare cargo development

DHL opened a 54,000 square-foot, US$10 million global gateway facility at O’Hare International Airport (ORD) last week, adding to Chicago’s growing northeast cargo campus, which DHL said was on track to be “the largest cargo development built at a U.S. airport in more than a decade, when completed in the next few years.” The new […]
  • Lewis King
  • October 30, 2017

Liège rolls out the red carpet for freighters, while competitors cut slots

Liège Airport is investing more than €20 million into new warehouses and cargo handling facilities, opening its doors to the cargo business during a time when other regional airports are struggling with overcapacity and limited cargo slots. Over the course of the next year, Liège plans to add nearly 20,000 square feet of cargo facilities, […]
  • Lewis King
  • October 30, 2017

Crowley Logistics deal adds cool-chain services to Menzies’ Miami operations

Airfreight wholesaler Air Menzies International (AMI) will begin using Crowley Logistics’ CrowleyFresh facility in Medley, Fla., as its centralized consolidation facility for AMI’s Miami Gateway operation, allowing AMI to add temperature-controlled wholesale freight services to its portfolio. Through the deal, Crowley Logistics gains access to AMI’s wholesale airfreight services from the United States to key […]
  • Lewis King
  • October 30, 2017
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