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Deutsche Post DHL’s first quarter operating earnings reached record levels, according to preliminary results. Preliminary operating profit (ebit) for the... Read More The post DP DHL notes its strongest Q1 ebit in preliminary figures appeared first on Air Cargo News. ...
There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and equipment capacity in Asia. Today’s Ningbo Containerized Freight Index (NCFI) North Europe and Mediterranean component jumped by 8.7%, almost matching the 8.6% increase on the Shanghai...
Some time around March 2020, while airlines around the world were coming to terms with the impact of the coronavirus... Read More The post China Airlines eyes continued growth in profitable cargo market appeared first on Air Cargo News. ...
NIKKEI ASIA reports: The $20 billion buyout offer for Toshiba by CVC Capital Partners gives the Japanese conglomerate a chance to part ways with activist investors and focus on growth strategy. But the deal faces a number of hurdles involving investors, management and regulators. Toshiba confirmed Wednesday that it received an “initial” proposal...
UPS has revealed plans to purchase electric aircraft as an alternative to fixed-wing planes for time-sensitive deliveries . The express... Read More The post UPS to purchase up to 150 electric cargo aircraft appeared first on Air Cargo News. ...
Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record in the first quarter of this year. According to New York-based Blue Alpha Capital, fourth-quarter net earnings for the 11 carriers that report their financials came...
Saudi Arabian logistics company SAL has signed a cargo handling agreement with Emirates SkyCargo. SAL said that the agreement would... Read More The post Emirates SkyCargo selects SAL for Saudi Arabia cargo handling duties appeared first on Air Cargo News. ...
The main container ports in North Europe were eerily quiet at the weekend, due to the almost week-long blockage of the Suez Canal by the Ever Given. But now, an armada of late-running ULCVs is enroute from the Mediterranean, providing an intense challenge for vessel operators to turn ships around as quickly as...
REUTERS reports: The Philippine military is sending light fighter aircraft to fly over hundreds of Chinese vessels in disputed waters in the South China Sea, its defence minister said, as he repeated his demand the flotilla be withdrawn immediately. International concern is growing over what the Philippines has described as a “swarming and...
Pharma.Aero has signed a Memorandum of Understanding (MoU) with Humanitarian Logistics Association (HLA) to facilitate the movement of pharma goods... Read More The post Pharma.Aero partners with HLA on humanitarian initiatives appeared first on Air Cargo News. ...