News Articles
FedEx's revenue increased by 14% to reach $23.5 billion in the second quarter.
FedEx reported a strong fiscal second quarter ending November 30, with consolidated net revenue of $23.5 billion, up 14% from the previous year. Operating income nearly doubled to $1.38 billion, drive
Read MoreAir Charter is gearing up for additional expansion in Florida.
Air Charter Service's Florida office has relocated from Miami to a larger space in Hollywood to support its growth. The new office, three times the size of the previous one, is strategically located n
Read MoreTAC Index: Air freight prices remain strong in the late December market.
Global air freight rates increased by 2.4% last week, nearing the end of the peak season, according to TAC Index data. The Baltic Air Freight Index (BAI00) is only slightly down by 0.8% year-over-year
Read More5 ways Walmart enhanced its delivery services in 2025
In February, Walmart CEO Doug McMillon emphasized the need for greater awareness of the company's enhanced delivery speeds. Throughout 2025, Walmart made significant strides in fast shipping, enhancin
Read MoreFord and SK On are terminating their BlueOval SK battery joint venture.
Ford Motor Co. and SK On have decided to dissolve their electric vehicle battery joint venture, BlueOval SK, which was initiated in September 2021 as part of an $11.4 billion investment to build batte
Read MoreVictoria's Secret is experiencing an oversupply of products due to changes in ocean freight.
Victoria's Secret is transitioning from air freight to ocean shipping, which will lead to earlier inventory ownership and a projected mid-teens percent increase in total inventory for the fiscal fourt
Read MoreHow Home Depot accelerated its supply chain and what lies ahead.
Since 2017, Home Depot has significantly enhanced its supply chain, moving beyond its initial goal of a two-day delivery network. Currently, over 55% of deliveries for in-stock items are made the same
Read MoreATSG appoints Greg Mays as CEO, starting January 1, 2026.
Air Transport Services Group (ATSG) has appointed Greg Mays as President and CEO, effective January 1, 2026, succeeding Mike Berger, who is retiring but will assist in the transition. Mays, previously
Read MoreHactl COSAC-Plus has achieved ISO 27001 certification for its cargo systems in Hong Kong.
Hong Kong Air Cargo Terminals Limited has achieved ISO IEC 27001:2022 certification for its COSAC Plus cargo management system, making it the first cargo terminal in Hong Kong to do so. This certifica
Read MoreZvi Schreiber, the founder of Freightos, will resign from his position as CEO.
Freightos, a leading global freight booking platform, announced that founder and CEO Zvi Schreiber will step down as CEO on January 31, 2026, to pursue other interests, while remaining a non-executive
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