Tag: freight news

A.P. Moller – Maersk upgrades expectations for Q3 and 2020 full year guidance

A.P. Moller - Maersk is changing its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4. Søren Skou, CEO of A.P. Moller - Maersk says: “A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses, in part...

CEVA Logistics strengthens position in the Polish Contract Logistics market with two long-term extensions

CEVA Logistics is further strengthening its position in the Polish Contract Logistics market through two long-term contract extensions with key customers. One, a world-leading lighting manufacturer, has been working with CEVA for over 10 years and the other, SVP Worldwide, is the parent company of ...

Damco’s Lebanon team gets operations running 24 hours after Beirut Port blast

DAMCO’s Beirut-based team, working with the forwarder’s Business Resilience (BR) Program, had operations in Lebanon back up and running within 24 hours of this month’s devastating blast at the Port of Beirut. Staff at the freight forwarder’s headquarters in The Hague were able to rapidly...

UK digital freight forwarder Beacon receives investment from Jeff Bezos

London-based Beacon, the next generation freight forwarding and supply chain finance company, has raised over $15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC. Beacon was founded in 2018 by ...

Imperial battery logistics offering wins another contract

Imperial’s Chemical logistics division has been awarded the contract to store and handle lithium-ion traction batteries for the German operations of a major global automotive manufacturer. Under the contract, Imperial will store the batteries at two locations with a combined footprint of appr...

Rhenus expands global capabilities through Scandinavian acquisition

The Rhenus Group, a leading international logistics service provider, has announced the acquisition of Scandinavian business Swedlink towards the end of 2019. The company joins the growing Rhenus network of more than 750 sites and 33,000 employees worldwide.  With offices located in Stoc...

Paycargo launches first freight Payment service supporting Canadian Dollar Transactions in Canada

PayCargo has launched a dedicated Canadian Dollar online freight payment platform in Canada. Payers now have the flexibility to pay in either Canadian or US dollars for the first time. The Canada launch, part of ongoing growth and development plans by the Fintech company, was fast-tracked to hel...

Delta Cargo launches charter operation

As the ever evolving COVID-19 epidemic continues, Delta Cargo has recognized that global supply chains need support for shipping essential goods to businesses and communities. Responding to Delta corporate customers who have expressed a need for help transporting cargo during these times of unc...

Turkish Cargo adds Quito to its cargo flight network

Turkish Cargo continues to expand its flight network. The successful air cargo brand has just added Quito (UIO), the capital city of Ecuador, to the destinations with direct cargo flights. The new addition to the flight network of the Turkish Cargo is not only an important cultural and financia...

14th World Air Cargo Symposium Postponement Announcement

14th World Air Cargo Symposium Postponement Announcement

The IATA has made an announcement today (March 3rd) about the annual The World Cargo Symposium (WCS) event that was due to be held next week in Istanbul. "Over the past few days, we have been receiving enquiries about the status of the upcoming 14th World Cargo Symposium (WCS) in Istanbul due to...

Madrid-Barajas Airport handled over 555,000 tons of freight in 2019

In 2019, Adolfo Suárez Madrid-Barajas Airport handled a total of 555,566 tons of freight which is a 7.4% increase over the year before. This growth has been made possible by the business of the airlines operating at the airport which have positioned it in the major trade flows not only with the Am...

Transformative Potential of Smart Supply Chains to Drive Efficiency

Businesses who resist digitalising their supply chain are at risk of failing to meet customer demands and missing out on significant cost reductions, according to new research from PA Consulting, the global innovation and transformation consultancy. The need for a robust supply chain is heightened ...

Etihad Cargo signs distribution agreement with cargo.one

Etihad Cargo has signed a distribution agreement with multi-airline e-booking platform cargo.one. Starting this week, freight forwarders will find that they are now able to instantly book cargo space on Etihad’s aircraft through the digital platform. “Today, about 38% of bookings are coming ...

Lockheed Martin LM-100J Commercial Freighter Receives FAA Type Certificate Update

The Lockheed Martin LM-100J commercial freighter received its type design update certification from the Federal Aviation Administration on Nov. 15. This particular FAA certification allows the LM-100J to operate from any commercial airfield in the world. In 2014, Lockheed Martin announced it wou...

September Air Freight Volumes Remain Weak

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 4.5% in September 2019, compared to the same period in 2018. This marks the eleventh consecutive month of year-on-year decli...

.