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 […]

The Freight 50: Turbulence ahead for the top cargo carriers?

When economic indicators are grim and airfreight businesses are looking for a turnaround, it’s easier to spot the positive signs of hope in the industry. But when the outlook has been rosy – like it has been for much of the last 18 months for air cargo – carriers may have a tougher time preparing […]
  • Randy Woods
  • August 8, 2018

IATA reports flattening global demand for airfreight

The International Air Transport Association (IATA) reported a global growth in demand for airfreight measured in freight tonne kilometers (FTKs) of 2.7 percent during June – less than half the rate experienced during the same period last year. Capacity was reported to have grown by 4.1 percent, marking the fourth consecutive month that growth in […]
  • Nina Chamlou
  • August 8, 2018

Anchorage Airport sees decent traffic growth in H1 2018

For the first half of this year, major Alaskan hub Anchorage Airport (ANC) reported a 5.2 increase in traffic to 1.3 million tonnes of cargo – a decent growth rate despite a general decline in traffic growth experienced by carriers from around the world, evident in the many 2018 interim statements that have been cropping […]
  • Nina Chamlou
  • August 8, 2018

Expeditors reports Q2 growth in airfreight sector

Seattle-based freight forwarder Expeditors International of Washington today reported a stong performance in its airfreight services in its the second quarter of 2018, but said oceanfreight struggled due to pricing issues. “We continued to add profitable growth from new and existing customers during the quarter, particularly in air and some of our differentiated, best-in-class services, such […]
  • Randy Woods
  • August 7, 2018

DP-DHL Group reports troubles in Post-eCommerce-Parcel sector in second quarter

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5 percent in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2 percent, y-o-y, to €747 million. The Group’s […]
  • Randy Woods
  • August 7, 2018

The Malay Connection: Is Kuala Lumpur the next e-commerce gateway to China?

At an abandoned house on the outskirts of Georgetown in the Malaysian State of Penang, a man and his wife stand crouched over a box of seemingly random electronic components. Inside the carton is a set of specialized audio “tweeters” the pair plans to install throughout their dilapidated ancestral home in hopes of attracting a […]
  • Charles Kauffman
  • August 7, 2018

Agility Logistics reports Q2 growth in net income, airfreight volume

Kuwait-based Agility Logistics has released its Q2 2018 financial results, which show a 20 percent increase in net profit and a 14 percent increase in volume, year-over-year, in its airfreight segment for the three-month period ended in June 30, 2018. Its freight forwarding and contract logistics segments were the two major drivers of revenue within […]
  • Nina Chamlou
  • August 7, 2018

Fraport sells its stake in Hannover Airport

Today, airport operator Fraport has sold its 30 percent stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport, to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20 percent stake in FHLG 1998, followed by another 10 percent five years later. Looking at Fraport Group’s most recent financial statement, for […]
  • Nina Chamlou
  • August 6, 2018

DHL, U.N. prep for natural disasters’ effects on Indian airports

Deutsche Post DHL Group and the United Nations Development Program (UNDP) – the network within the U.N. that focuses on social issues, such as poverty and human rights – are ramping up efforts to prepare for natural disasters in India as they affect the flow of goods through the nation’s airports. This week, officials from […]
  • Nina Chamlou
  • August 6, 2018

TLX Cargo releases thermal cover with phase-change material

United Kingdom-based TLX Cargo has launched a new cargo cover that it said is the first on the market to incorporate phase-change material (PCM), a substance that absorbs and releases thermal energy to help protect cargo containers from temperature incursions. Innovations like the TLX PCM, based on the same thermal cooling systems used on engines […]
  • Nina Chamlou
  • August 6, 2018

IAG Cargo Q2 financial results show marginal growth

United Kingdom-based IAG Cargo today, released its financial results for Q2 2018, cargo revenue increased 3.7 percent to €281 million during the three-month period. Revenue growth outpaced cargo volume growth, increasing 0.4 percent year-over-year in Q2, to 1,414 tonnes – symptomatic of the carrier’s strength in 2017, which has made for more difficult annual comparisons […]
  • Nina Chamlou
  • August 3, 2018

ACS helps to avert Hawaiian disaster

This week, United Kingdom-based Air Charter Service (ACS) – traditionally more a private jet-oriented company than a cargo carrier – released news of the completion of a cargo charter service in late May that redefines our definition of “time critical shipment.” The company was contacted by a “specialist forwarder” to distribute fire retardant over the […]
  • Nina Chamlou
  • August 3, 2018

K+N partners with Panatlantic to expand reach into Latin perishables market

Yesterday, Swiss forwarder Kuehne + Nagel (K+N) said it is partnering with Quito-based logistics services company Panatlantic Logistics S.A. in a move that will further expand the company’s South American cool chain network and underpin its global expansion strategy. At present, K+N manages the transportation of perishables for clients operating out of Colombia, Peru, Brazil […]
  • Nina Chamlou
  • August 3, 2018

Schiphol: Belly volume up, freighter volume down

The saga continues for Amsterdam Schiphol Airport (AMS) – traditionally, one of Europe’s most popular cargo hubs – following news that its Q1 2018 declines in cargo volumes have continued through Q2, due to a continued slot shortage issue for freighters. While the airport has seen volume in carrier’s belly cargo increase, it said “slot restrictions […]
  • Nina Chamlou
  • August 2, 2018
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