Govt. announces proposal of new logistics park in Kochi

With investment of more than 500 crore & single window clearance system the govt is planning to launch new logistics park in Kochi.The govt has done a series of meeting with several investors with information that private corporation has already acquired the property for construction & soon they will disclose the exact location as project is in initial stage of construction.The...

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Hong Kong Airlines Under Pressure to Improve Financial Situation or Lose License

Hong kong Air Transport Licensing Authority(ATLA) has informed Hong Kong Airlines(HKA) to either improve there financial situation or loose license . Early this week ATLA has informed HKA to inject cash to improve there financial situation which is deteriorating day by day else face action & loose there license to operate. ATLA has provided deadline of 07-Dec to...

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Festive Freighter for Santa by Lufthansa Cargo

With the peak season & increasing demand Lufthansa cargo has expanded its freighter capacity. This freighter capacity expansion is based on upcoming festive season of Christmas & will operate weekly on Frankfurt - JFK route from mid November to 03 Jan. As per one Lufthansa spokesperson this step is taken especially in service of Santa Claus . This additional...

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China Post & Lufthansa Cargo inks Joint Freight Operation

China Post & Lufthansa cargo have come up with a strategic agreement of sharing Boeing 777 freighter cargo capacity on Shanghai - Frankfurt route. Lufthansa airlines (LH) will provide block space to China Post on its freighter & passenger aircraft on regular basis. Currently LH is operating 18 wide body aircrafts &10 weekly 777F weekly out of China . Both...

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DHL deploys Disaster Response Team to earthquake affected Indonesian Island.

In the wake of devastating earthquake & tsunami in Indonesia Deutsche Post DHL has send its Disaster Response Team (DRT) to Sulawesi, affected island of Indonesia. As per current update death toll has risen more than 1400 affecting 1000 villages & approx 60000 have lost their homes. Currently two DRT teams are sent to Indonesia , one at Balikpapan & other...

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American Airlines moves to new warehouse in Milan

With the growing demand American airlines has switched to new warehouse measuring 53000sq ft handled by WFS at Milan Malpensa airport . The airline said that customers are continuosly demanding for direct flight from Italy to US & with growing volumes this warehouse will handle daily flights to New York & Miami. On its opening day customer were shown ground...

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Bluedart all set to reach every home in India by December

Bluedart is planning network expansion to make it outreach to every home in India by December. DHL joint venture has decided to make investment to cater rising demand for deliveries in Tier II, III & IV cities with its new facility called as New Blue Dart Offices. With this expansion Bluedart has opened 939+ new facilities while reaching out from 6164 pin codes...

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Spice Jet Entering Freight Business as It take Delivery of First Freighter

SpiceJet airlines is entering into freighter business as SpiceXpress with the delivery of first freighter . It is expected that Spice Jet will initially launch 2 B737-700 freighter & will start operations from Sep 18. Initially it will operate between Delhi & Bengaluru while spreading to Amritsar, Kabul & Hong kong. Many attempts have been made earlier...

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Considering Uncertainity Air China is set to offload Majority Stake In Cargo Arm

Air China is planning to sell its major stake to Capital Holding considering uncertainties in international trade. Capital Holding will own 51% stake of the airlines after $ 357m transaction is complete. The remaining 49% will be owned by Cathay pacific.  Capital Holding is a wholly-owned subsidiary of state-owned China National Aviation Holding Corporation (CNAHC),...

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Get Spot market capacity on digital platform from Lufthansa cargo

The German cargo carrier has made an agreement with cargo.one for making booking online for its td.flash (express service) & td.pro (general service) in order to offer spot market capacity & provide digital facility to forwarders. Lufthansa Cargo chairman Peter Gerber said: "Digitisation allows information to be distributed around the globe in fractions of a second. "This...

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DHL airfreight volumes decline as it turns away business to protect margins

Freight forwarder DHL Global Forwarding's decision to turn away airfreight business to protect profits in the first half of this year resulted in a decline in volumes. The Bonn-headquartered forwarder recorded a 7.2% year-on-year decline in airfreight exports during the second quarter to 530,000 tonnes, while the half-year result was down by 3.6% to 1m tonnes. Second-quarter...

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European airports record growth in H1 2015, but only just

European airports just managed to drag cargo volumes into positive growth for the first half of the year thanks to improved performance in June. Figures from the Airports Council International (ACI) Europe show that freight volumes for the first half of the year increased by 0.5% against a year earlier. The organisation was not too optimistic for...

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Swiss and Lufthansa to launch new cargo pricing structure

Swiss WorldCargo and Lufthansa Cargo are to launch a two component pricing structure - a net rate plus airfreight surcharge – to reflect the "volatility of external cost factors". A joint letter to customers states: “The new airfreight surcharge will be significantly lower compared to the combined fuel and security surcharges, which will be eliminated...

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Logistics sector losing the price war

  A large section of the logistics sector is losing the battle to implement planned price increases, coupled with an extremely low success rate when introducing new products and services. These are the results of the most recent Global Pricing Study*, based on responses from approximately 1,600 managers, conducted by the global strategy consulting firm Simon-Kucher...

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Brussels launches probe into FedEx’s proposed TNT takeover

The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices. The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity would face insufficient competitive...

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Tough June for Europe's air cargo carriers

European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels. Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on year in June in terms of revenue/cargo tonne km. Meanwhile,...

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UPS expands express freight service

UPS is adding eight origin and five destination countries to its Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments. The expansion adds five countries in Latin America and three in Europe. UPS now offers the guaranteed service – targeting product launches, inventory shortages or equipment...

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Airfreight demand growth "comes off the boil" in May

  Cargo demand growth “came off the boil” in May, while capacity additions have resulted in a further weakening of load factors. Figures from the International Air Transport Association show that demand growth in freight tonne km terms increased 2.1% year on year in May, which is the slowest growth rate recorded this year, compared with growth of 4% for the first...

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Hong Kong airfreight chief steps down

Hong Kong Association of Freight Forwarding and Logistics (HAFFA) chairman Paul Tsui is to step down and will be replaced by Cliff Sullivan, senior vice-president of A-Sonic Logistics. Mr Tsui is a 30-year veteran of the airfreight industry and in 2001 founded Janel Group, which now employs 250 staff in offices throughout China. Mr Sullivan has been a HAFFA executive...

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FedEx-TNT deal edges forward

FedEx’s potential $4.8bn takeover of TNT has edged further forward as the US express giant has filed regulatory paperwork to the European Commission. Over the weekend, the New York Stock Exchange-listed logistics company confirmed it had submitted the required filing to the EC to obtain regulatory clearance in connection with the intended recommended public cash...

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