Saudia Cargo Transports 58 Cars to Riyadh For Formula E Series Racing

Saudia Cargo for the first time transported 58 cars & various equipment for ABB FIA Formula E Championship sponsored by Saudi Airlines . The cars , spares & equipment are flown in from various European destinations to Ad Diriyah located on outskirts of Riyadh also handling first time this ABB FIA Formula E Championship. Formula E championship inspired by...

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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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Panalpina Opens new logistics centre at Singapore

Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore. The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out . As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore. The...

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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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Sharp decline in load factors

Airfreight demand growth began to ease off in April, resulting in a “sharp” decline in load factors as they reached their lowest level for a year. The latest IATA figures show that airfreight volumes increase by 3.3% year-on-year in April compared with growth of 4.3% for the first four months. It said that the slowdown was mainly the result of a weakening in demand...

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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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Frankfurt freight disappoints

Frankfurt’s airport operator Fraport’s airfreight and airmail tonnage dropped by 2.4 per cent year-on-year to around 500,000 tonnes in the first quarter of 2015. However, the group as a whole recorded “noticeable growth” in revenue, which rose 10.8 per cent to €575.9 million.  Contributing factors included growth in traffic and fees, consolidation of two new...

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TNT launches Tel Aviv freighter links

TNT has launched a Monday to Friday B737-400F service between Israeli capital Tel Aviv and the express operator's European hub in Liege, Belgium. The new service "answers increasing demand" and allows TNT to shorten transit times for express shipments to and from Tel Aviv by one day. The flight arrives in Tel Aviv in the morning...

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Pharma helps K+N airfreight outpace the market

Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year. The Switzerland-based logistics giant’s air cargo increase is more than twice last year’s global market benchmark average of between three and four per cent. K+N, the world’s second largest airfreight forwarder by tonnages, said that the key...

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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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Airfreight bolsters Expeditors’ figures

A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors. The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period of 2013. Ocean freight net revenue...

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TNT tweaks its figures

Express carrier TNT said its fourth quarter results, due to be published in full on February 17, would include non-recurring tax expense items totalling €77m, which include a €67m non-cash valuation allowance on deferred tax assets. The Netherlands-headquartered company added that changes to its accounting treatment in Brazil would also result...

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Hellmann gains AEO status in the UK

Hellmann Worldwide Logistics UK has been awarded authorised economic operator (AEO) status by HM Revenue & Customs. The supply chain quality standard highlights businesses involved in the international supply chain. The two-year process began in December 2012 and involved Hellmann training over 500 staff to complete the process and achieve...

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Panalpina goes into Africa again

Freight forwarder Panalpina has opened new bases in Morocco and Kenya as part of a drive to expand its presence in Africa, a continent in which it was once a dominant player in the oil and gas project sector. Offices in Casablanca in Morocco and Nairobi, Kenya, and will spearhead a drive for energy and infrastructure business. Regional chief executive for the Middle...

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FIATA welcomes all-in freight rates

FIATA has joined the air cargo industry chorus calling for the elimination of fuel and security surcharges in airline freight rates. The International Federation of Freight Forwarders Associations said: “The simplification of rate structures will be a significant benefit to forwarders and shippers alike. "Forwarders have for a very long time desired these surcharges be removed as they are opaque and complex and thereby making it difficult to quote a definite price for air cargo transportation,...

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Vietnam and Cambodia lead air cargo surge for emerging markets

Asia’s Vietnam and Cambodia provided the fastest-growing airfreight trade lanes between emerging and developed markets. US-Vietnam volumes surged 42.7 per cent by volume, and Cambodia-European Union airfreight increased by 41.9 per cent. That was one finding from the comprehensive 2015 Agility Emerging Markets Logistics Index, now in its sixth year, a data-driven...

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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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