Demand to improve in Q22023: Cathay Pacific

Global economic concerns remained throughout the second half of the year, and will carry over into 2023 with some potential increases in demand around Chinese New Year."We expect demand to continue to underperform, particularly in Q1, but we are optimistic that by the end of Q2, as some recessionary...

AIT Worldwide Logistics recommits to reach net-zero carbon emissions by 2035

AIT Worldwide Logistics reaffirmed its commitment to protecting the environment as a signatory of The Climate Pledge.Co-founded by Amazon and Global Optimism, The Climate Pledge is a commitment signed by nearly 400 companies across 34 countries to reach net-zero carbon emissions by 2040—a decade ahead...

Autonomous delivery set to revolutionize how sensitive human samples are transported between medical facilities

Discussions of package deliveries tend to focus on efficiencies within the consumer realm as experts in the field cite reduced carbon footprints, and easier, faster, and more accurate deliveries and returns of everyday items.Missing from that discussion, until now is how the healthcare industry will...

Electronics value chain is still in transition, uncertainty continues to cloud market outlook: Report

For the first time in several quarters, the electronic components value chain is getting some pricing and lead time relief, as the new Supplyframe Commodity IQ insights reveal. Bloated inventories have led to plummeting memory device lead times and pricing, and the equalization of lead times and pricing...

TSOR Group, Eion Corp partner up, to tackle climate change with carbon drawdown

Leading supply chain & management advisement firm TSOR Group and verified carbon dioxide removal company Eion Corp have recently announced a new partnership expansion to enable large-scale Carbon Dioxide Removal (CDR).Also widely referred to as negative emissions, or carbon drawdown, CDR is a key...

Challenges increasing for shipments of dangerous goods: IATA

More than 1.25 million dangerous goods (DG) shipments are transported by air every year, and with the volume of air cargo expected to increase, the number of dangerous goods shipments will also grow, particularly those containing lithium batteries, according to 2023 Trends — Transport of dangerous goods...

FedEx DRIVE to save $4bn by FY25

FedEx is banking on its DRIVE programme to reduce more than $4 billion in structural costs by FY25.Managed by Sriram Krishnaswamy, President and CEO, FedEx Dataworks, DRIVE has already identified 14 domains for efficiency improvements under three operations — FedEx Express, FedEx Ground and Shared &...

Swiss WorldCargo celebrates first SAF- compensated cargo shipment

Recently, Swiss WorldCargo’s first SAF-compensated cargo shipment departed from Barcelona, heading to Zurich, with Narita as the final destination. This flight represented an important milestone for Swiss WorldCargo, as it brings the division a significant step closer to SAF leverage and, thus, to a...

SEKO Logistics signals growth with investments in own operations in Vietnam

SEKO Logistics (SEKO), a leading global logistics provider has recently announced the opening of the new headquarters of SEKO Vietnam in Ho Chi Minh City along with facilities and staff in key markets across the country.This marks SEKO’s first official presence in Vietnam’s largest city and comes as...

LATAM closes an alliance for conservation of 575,000 hectares in a priority area worldwide

LATAM Group has recently announced a new alliance with the Cataruben Foundation in CO2BIO, a project for the conservation and restoration of floodable Savannah and forests in South America, whose importance lies in its very high capacity to capture carbon dioxide, the conservation of biodiversity and...

GEODIS opens a new warehouse in Nuremberg metropolitan region

In December, GEODIS officially put a newly built multi-user logistics facility into operation in Aurach, in the district of Ansbach. The new facility has direct transport links to the Nuremberg metropolitan region. It has 26,757 Euro pallet spaces in the high-bay warehouse and 9,000 m2 of block storage...

FedEx Q2 net income drops 24% to $788mn

FedEx reported a 24 percent decline in net income to $788 million for the second quarter ended November 30, 2022 compared to $1.04 billion in Q22021 on lower FedEx Express income.Revenue declined 3 percent to $22.8 billion and net operating margin was down to 5.2 percent from 6.8 percent in the same...

WFS to handle SF Airlines' new 747F scheduled cargo services at JFK

Worldwide Flight Services (WFS) has been appointed to handle SF Airlines’ new scheduled freighter services at New York’s JFK International Airport.The Chinese airline is operating twice-weekly Boeing 747–400F flights from Hangzhou, the capital of China’s Zhejiang province, to New York. WFS expects to...

Saudia Cargo expands partnership with cargo.one

Saudia Cargo and cargo.one announced an expansion of their partnership to bring more of the airline’s capacity on board the leading marketplace for digital air cargo bookings.“The growth builds upon a 1.5 year collaboration in which cargo.one delivered Saudia Cargo’s first external digital sales channel...

Dronedek looks to the future of delivery and sees autonomy

The future of package delivery will be autonomous and tech-driven and consumers should start preparing now to reap its benefits, predicts Dronedek Founder and Chief Executive Officer Dan O’Toole.“We have reached a place where consumers want things delivered better, faster, fresher, and cheaper,” says...

Roima Intelligence Inc and Part Trap AB join forces

Roima accelerates growth, as Part Trap AB, a fast-growing B2B digital commerce software provider for discrete manufacturers known for Parttap ONE, joins Roima.Parttrap ONE offers everything B2B companies need for online business by quickly enabling digital sales of complex products and their spare parts....

time:matters extends its Sameday Air network to Africa

Time:matters has extended its network for same-day transports to include North Africa and flagged off a new station in Casablanca. The expert in high-performance and special speed logistics has thereby connected Africa as a new continent to its unique Sameday Air network, which also covers Europe, Israel,...

CMA CGM Air Cargo now available on CargoAi for instant eBooking

CargoAi became the first marketplace where CMA CGM’s capacity and rate are available for instant booking, in line with CMA CGM’s first own scheduled freighter service from Paris to Hong Kong SAR and vice versa.“We’re thrilled that CargoMART becomes the first marketplace to sell CMA CGM’s freighter service....

Hapag not looking at air operations: CEO Jansen

German carrier Hapag-Lloyd has no plans to start air freight operations, according to CEO Rolf Habben Jansen.“We would rather focus on core operations, and improve services,” Jansen said in a virtual live session today.Hapag’s competitors — Mediterranean Shipping Company (MSC) with MSC Air Cargo, Maersk...

Kuehne+Nagel to offer air logistics for semiconductor supply chains

Kuehne+Nagel has launched a new offering for air freight shipments to address the requirements of the global semiconductor supply chains.“With a robust air freight capacity, security solutions and the new quality standard, “SemiconChain” as the core elements of the offering, all industry stakeholders...

Cathay Pacific cargo carried drops 24% in Nov

Cathay Pacific carried 103,092 tonnes of cargo in November, a decrease of 24 percent compared with November 2021, and a 42 percent decline compared with the same period in 2019.Cargo revenue tonne kilometres (RFTKs) decreased 28 percent year-on-year and were down 38 percent compared with November 2019,...

Meeting the growing demand for seamless cold chain solutions in air cargo

Lödige Industries, the world’s leading provider of air cargo terminal solutions, has completed an automated Cold Chain Pallet-Cargo System at Hong Kong International Airport. Through its Hong Kong office, the German company, planned, manufactured, and implemented the advanced system for AAT COOLPORT,...

Ledvance, Hellmann sign deal for Europe operations

Ledvance, the global supplier of lamps and luminaires, has signed an agreement with Hellmann Worldwide Logistics for handling part of its European warehousing operations.“In addition to managing a central Ledvance warehouse in Molsheim, France, Hellmann has been supplying retailers across Europe with...

Kuehne+Nagel, Vestas extend partnership for renewable energy solutions

Kuehne+Nagel has expanded its partnership with Vestas, a global leader in renewable energy solutions from Denmark, by adding 60,000 sqm feet to its existing fulfilment centre in Hodenhagen, Germany.“From 2023 onwards, each year, around 135,000 different items will be stored in the spare parts centre,”...

Lufthansa Cargo to use lightweight transport nets

Lufthansa Cargo will use new, lighter transport networks to secure cargo pallets starting January 2023.“By using a special fibre, the new nets save more than 50 percent in weight compared to conventional nets. This saves weight on every flight and thus significantly reduces CO2 emissions,” says an official...

Global GSA Group carried over 133,000 tons of cargo for airlines in 2022

With a new office in Greece and having acquired three companies in Italy this year, the Global GSA Group has never been so active and is demonstrating how its extreme flexibility, extensive local expertise, and highly engaged workforce are driving its success. In 2022, it has carried over 133,000 tons...