News Articles
Lufthansa Cargo's operating profit for 2024 increased by 15% due to a surge in e-commerce activities.
Lufthansa Cargo reported a 15% increase in operating profit to €251 million in 2024, with the fourth quarter contributing €199 million, marking its best performance in that quarter outside the pandemi
Read MoreDHL's revenue for 2024 increased by 3%, while its operating profit decreased by 7%.
DHL reported a 3% revenue increase to €84.2 billion for 2024, with international revenue at €62.5 billion. Operating profit declined by 7% to €5.9 billion, although still higher than pre-pandemic leve
Read MoreDecline in Shanghai spot rate signals a decrease in e-commerce volumes.
In February, global air cargo spot rates from Shanghai to the U.S. dropped 29% to $3.23 per kg, potentially signaling the impact of U.S. regulatory changes on e-commerce. The slowdown in demand has sh
Read MoreHactl collaborates with Shell to promote sustainability in aviation logistics.
Hong Kong Air Cargo Terminals Limited (Hactl) has partnered with Shell as its first strategic collaborator in renewable diesel initiatives, reinforcing its commitment to sustainability and reduced car
Read MoreEmirates SkyCargo works to preserve the natural state of wildlife.
Emirates SkyCargo is a leader in combating illegal wildlife trade, emphasizing the preservation of biodiversity. As World Wildlife Day approaches, the airline reflects on its achievements, including a
Read MoreKenya Airways has appointed Fitsum Abadi Gebrehawaria as the Director of Cargo.
Kenya Airways has appointed Fitsum Abadi Gebrehawaria as the new Cargo Director, starting March 3, 2025. With 23 years of experience in air cargo, logistics, and aviation, he has previously worked for
Read More5 methods truck brokers are leveraging AI to enhance efficiency
Artificial intelligence (AI) is increasingly integrated into logistics, enhancing efficiency and automating processes, particularly among truck brokers who leverage vast data resources. Experts emphas
Read MoreCisco intends to make additional changes to its supply chain to mitigate the impact of tariffs.
Cisco is focusing on adjusting its supply chain rather than raising prices to address the impact of 25% tariffs on steel and aluminum imports. The company has reduced its tariff exposure for goods fro
Read MoreUniUni intends to broaden its delivery services across the United States.
UniUni plans to expand its delivery services to cover 70% of the U.S. population by September, up from its current reach of 50%. This expansion will include states like Minnesota, Michigan, and Idaho,
Read MoreTarget anticipates that tariffs will impact profits in the first quarter.
Target anticipates profit pressures in Q1 due to consumer spending and tariff uncertainties, as noted in its Q4 earnings report. For Q4, net sales dropped 3% to $30.9 billion, although comparable sale
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