China boosts the number of goods train going to Europe

 China has doubled the efficiency of freight transportation by increasing the number of freight trains travelling to and from Europe.From 1 July there will be two regular goods trains every week between the important transportation hub of Xi'an City, Shaanxi Province, and Duisburg, Germany.In 2022, China unveiled a weekly, uniform freight train schedule to and from E...

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As a longshoring lockout or strike looms, BC ports face an uncertain future.

 With 72 hours' notice, thousands of longshore workers in British Columbia and the BC Maritime Employers Association are now free to strike or lock out employees at any moment, with potentially serious repercussions.The Federal Mediation and Conciliation Service, a federal agency that provides conflict resolution to employees in significant economic sectors, continues to assist the parties' negotiators in their meetings.Indeed, ports around the coast of British Columbia are important industries.The...

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New Facilities for Cargo Partner in China

With the acquisition of four additional facilities, logistics company cargo-partner has continued to grow its network in China. The business, which is in process to be acquired by forwarder Nippon Express, has enlarged its Chongqing office and opened a new office in Nanjing, a new warehouse in Guangzhou, and a new pharmaceutical facility in Shanghai.  For exporters...

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Panalpina Acquired By DSV Under $4.6Bn Deal

Danish logistics giant DSV offered Swiss logistics giant Panalpina an unrefusable offer of Swis franc195 / share in a deal worth approx $4.6 bn in order to become world leading freight forwarding company . DSV & Panalpina both were in negotiation for last 2 months with deal starting at Swiss Franc 170/ share in January which seems to be finally closing at Swiss Franc...

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Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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To Kick Off Farnborough Airshow DHL orders 14 B777Fs

Based on current list prices worth $4.7bn DHL orders 14 Boeing 777 Freighters with purchase rights for additional 7 freighters. After this order DHL fleet of B777 will be double in size. This order was announced at Farnborough International Airshow, is in response to increasing express demand & also to replace ageing aircrafts.  Ken Allen, chief executive,...

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Air Incheon launches freighter service to Hanoi

Air Incheon has launched freighter service to Hanoi while ACSV(Air Cargo Services of Vietnam) will be its handling partner at Hanoi. This South Korean carrier has also promised to lauch its 2nd freighter by end of this year. Considering the global expansion Air Incheon has taken this decision & may launch more services in future. Air Incheon & ACSV partnership...

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George Willis Appointed as President of UPS US Operations

Effective May 1, UPS has appointed George Willis as president of US operations. Willis will succeed Myron Gray who chose to retire after serving for 40yrs at UPS . Willis will report to Jim Barber & will join most senior leadership group of the company. Willis began his career with UPS in 1984 as part time package handler in the Georgia district & many other part time supervisory roles while attending Morehouse college. He received his bachelor degree from Trinity college...

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Kerry Logistics added 2 more directors...

 Kerry Logistics has appointed two more directors namely Mathieu Renard Biron & Patrick Chea in its team.  Mathieu Renard Biron as Managing director based out of Hongkong & Bangkok will be responsible for strategic development of group international freight forwarding division on both strategic & operational level. In earlier roles he has worked with several logistics, freight forwarding & manufacturing corporations since 1991 & last served as Geodis group...

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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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Boeing ups aircraft demand expectation

Boeing has upped its expectation for demand of new aircraft from last year’s forecast, predicting that 38,050 new airplanes will be needed over the next 20 years. The company predicted that by the end of the 20 year forecast period, the commercial airplane fleet will double, from 21,600 airplanes in 2014 to 43,560 airplanes in 2034. Last year, its forecast was...

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American goes further east with FlyUs

American Airlines Cargo has extended its reach in eastern Europe with the appointment of FlyUs as its general sales agent (GSA) in both Hungary and Poland.  Both countries are currently off-line destinations in the American Airlines network, with cargo being trucked from both Budapest and Warsaw to London, Frankfurt, Munich or Paris for direct entry into the...

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Vessels collide in same 2013 sea mishap spot

Talisay City, Cebu — A chief engineer was hurt when a fast craft collided with a cargo vessel late Wednesday afternoon at Lauis Ledge off Talisay City, the same spot where a passenger vessel and cargo ship collided two years ago, killing 116 passengers and crew. The Lauis Ledge has become an eerie spot for vessels traveling from Cebu to Bohol and passengers on board fast craft Starcraft 9 went into panic when the sea craft collided with cargo vessel MV Our Lady of Faith at 5:50 p.m. last...

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NGA to cease operations at the end of May

Main-deck cargo airline Nordic Global Airlines will cease operations at the end of the month after overcapacity in the market took its toll on the operator. NGA, which operates a fleet of four MD-11F freighters for customers, was launched in 2011 but faced continued pressure on pricing. Finnair Cargo, which owned a 40% stake in the company, leased freighter capacity...

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Damco sees $9m loss as airfreight dives

Damco, the troubled logistics arm of Danish shipping giant AP Moller-Maersk (APMM), made a $9m loss in the first quarter of 2015 as its airfreight volumes fell 19%. The division's total supply chain revenue fell nine percent, year on year, to $683m for the January to March 2015 period, of which eight percent was due to exchange rate movements. Netherlands-based...

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Panalpina launches 'Brazil Wings' freighters to São Paulo

  Panalpina is adding a B747-400 freighter service to São Paulo, Brazil, aimed at manufacturers of heavy machinery and equipment for agriculture and mining. The direct service from US hub Huntsville to São Paulo, called Brazil Wings, has been designed for customers in the mid-west and in parts of the s south eastern US. As of March,...

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Volvo renews TNT international delivery contract

  Swedish truck and bus maker Volvo has renewed a three-year contract with express operator TNT for ‘inbound to production’ and aftermarket delivery services in Europe. TNT will continue to handle Volvo’s European emergency production movements. TNT collects automotive components and parts from more than 800 different suppliers in Europe and delivers them to...

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Christmas overspend flattens UPS earnings

  UPS reported “flat” fourth quarter earnings in the fourth quarter of 2014 compared with the same period in prior year. In fact, earnings per share, at $1.25, were identical to 2013, said the US-based express carrier. It blamed higher than expected peak operating expenses in its home market as the carrier sought to maintain delivery times - UPS delivered 1.3bn...

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December's dollar yields dip

Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD. December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which uses...

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IAG’s Cargo Connector is going to San Francisco

  IAG Cargo has extended its Cargo Connector service to San Francisco, the tenth city for the local pick-up service. It offers freight forwarders at or near the airport a free collection for consignments up to 300 kilos and IAG Cargo estimates that 95 per cent of its customers are based within a five-mile radius of the airport. This means...

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