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 […]

Agility Logistics to invest $100 million in digital logistics platform Shipa.com

Kuwait-based Agility Logistics is committing to the digitalization of its services in the form of a $100 million investment toward the expansion of “Shipa.com” – an online platform  that integrates Agility’s global network, and infrastructure. The new investment will add service lines to Shipa Freight, which Agility launched  in April to provide customers with options […]
  • Nina Chamlou
  • December 10, 2018

Volga-Dnepr Group opens operations base in Houston

Today, Volga-Dnepr Group opened an operations base at Houston George Bush Intercontinental Airport (IAH). As an expansion of the Group’s sales office, established in Houston in 2001, the base is intended to strengthen Volga-Dnepr’s appeal to its North and South American clients — particularly in the oil and gas, heavy machinery, energy and aerospace sectors. […]
  • Chelsea Toczauer
  • December 10, 2018

FedEx’s David Cunningham to retire, be replaced by Raj Subramaniam

Today, FedEx Express, the air carrier subsidiary of FedEx Corp., said its president and CEO, David Cunningham (pictured at right), will retire from the company after 36 years of service. He will finish the year in his current role and, on Dec. 31, 2018, will be replaced by Raj Subramaniam, executive vice president, chief marketing […]
  • Nina Chamlou
  • December 7, 2018

Agenda set for Cargo Facts EMEA conference

Cargo Facts, a sister publication of Air Cargo World, has officially released the agenda for its first-annual Cargo Facts EMEA, to be held Feb. 4-6 at the Westin Grand Frankfurt, in Germany. Building on the success of its long-running Cargo Facts Symposium and Cargo Facts Asia shows, and co-hosted by Frankfurt Airport, Cargo Facts EMEA shifts […]
  • Randy Woods
  • December 7, 2018

MNX Logistics purchases cold-chain company NGL’s express division

This week, Long Beach-based MNX Logistics acquired the express division of Colorado-based Network Global Logistics (NGL) – a provider of same-day air courier and logistics services, with locations on six continents. MNX called the procurement “one in a series of strategic business moves” to bolster its time- and temperature-sensitive industry focus. John Labrie, CEO of […]
  • Nina Chamlou
  • December 7, 2018

MNG Airlines expands freighter services between CGN, JFK

Today, Turkey-based MNG Airlines began the operation of its twice-weekly freighter service linking Cologne Bonn Airport (CGN) in Germany and John F. Kennedy International (JFK) in New York. The new flight is an expansion of the carrier’s routes flown from CGN, which currently include flights to Istanbul Atatürk Airport (IST) on behalf of Air France, […]
  • Chelsea Toczauer
  • December 7, 2018

Belgium-Alibaba deal will introduce European SMEs to Cainiao Network

In a memorandum of understanding (MOU) between the Belgian government and Alibaba signed yesterday, the two parties agreed to promote  cross-border e-commerce trade between China and Europe by bringing Alibaba’s Electronic World Trade Platform (“eWTP”) to Belgium. Trade promotion is expected to herald a major expansion of Alibaba’s Cainiao Network in Europe with a new […]
  • Randy Woods
  • December 6, 2018

Siemens to cooperate with digitalizing Cathay’s cargo operations in Hong Kong

German-based Siemens Postal, Parcel & Airport Logistics (SPPAL) and Cathay Pacific Services Ltd. have signed a memorandum of understanding (MOU) to digitalize Cathay Services’ terminal infrastructure at Hong Kong International Airport (HKG). The project will include the application of predictive maintenance to the airfreight handling system, installed by Siemens in 2013, to optimize process workflows […]
  • Chelsea Toczauer
  • December 6, 2018

Davies Turner doubles warehousing capacity in Scotland

Giving fodder to rumors of increased demand for logistics services in the United Kingdom in anticipation of Brexit, prominent U.K.-based forwarder Davies Turner has doubled the size of its Glasgow presence, moving to a 10,000-square-foot facility due to “a much-needed extension of our airfreight operations in Scotland.” Some U.K.-based logistics firms have already reported unseasonably […]
  • Nina Chamlou
  • December 6, 2018

IATA’s Oct. results for cargo demand show slim international growth

International demand for airfreight for the month of October grew at a relatively weak rate of 3.1 percent, measured in freight tonne kilometers (FTKs), compared to the previous October, according to the International Air Transport Association (IATA). The figure is a slight improvement following September, when the organization reported a 29-month low of 2.5 percent […]
  • Nina Chamlou
  • December 6, 2018

Air Europa selects WFS for cargo handling at 9 European airports

Spanish carrier Air Europa, has chosen Paris-based cargo handler Worldwide Flight Services (WFS) as its cargo handling partner at nine major airports across Europe. Commencing this month, the three-year contract gives WFS responsibility for handling the airline’s cargo volumes in Amsterdam (AMS), Brussels (BRU), Frankfurt (FRA), London Gatwick (LGW), London Heathrow (LHR), Paris Charles de […]
  • Chelsea Toczauer
  • December 6, 2018

Truck driver shortage souring the American sweet tooth

One of my vices is a fondness for Hershey’s chocolate. This preference is not to say that I avoid products made by other chocolatiers, but when faced with the choice of several brands, Hershey’s milk chocolate is usually the preferred indulgence to my palate. The preference has always been favorable to my wallet, as well, […]
  • Brandon Fried
  • December 5, 2018

Kenya to become first country to adopt CSQ tool at airports nationwide

In an effort to raise the bar on cargo-handling standards across Africa, Kenya is scheduled to become the first country in the world to adopt a new benchmarking tool, called Cargo Service Quality (CSQ), at all of its airports nationwide. Developed last year by The International Air Cargo Association (TIACA), the CSQ tool is made […]
  • Randy Woods
  • December 5, 2018

Lufthansa Cargo broadens digitalization efforts with cargo.one investment

Lufthansa Cargo is further ramping up its foothold in the tech sphere by increasing its cooperation with Berlin-based software-as-a-service (SaaS) provider, cargo.one. This week, it acquired a minority shareholding in the one-year-old cargo-booking startup. The platform allows carriers to digitally host and market airfreight capacity to forwarders. To date, some of cargo.one’s customers include industry […]
  • Nina Chamlou
  • December 5, 2018
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