News Articles
Air freight prices from Europe are on the rise, according to the TAC Index.
As of September 16, global air freight rates showed a slight increase, with the Baltic Air Freight Index rising by 0.9%, marking a 14.9% increase over the past year. While rates from Hong Kong increas
Read MoreFires in Brazil pose a risk to the worldwide sugar supply.
Brazil, the top sugar exporter globally, is experiencing a significant outbreak of fires in its sugarcane fields, leading to a 4.2% price increase for consumers and disruptions in the supply chain. Ra
Read MoreThe solar supply chain's lifecycle receives a significant enhancement with $40 million in funding from the Department of Energy.
The Energy Department has announced a $40 million investment in the domestic solar supply chain, continuing the federal commitment to clean energy highlighted by Vice President Kamala Harris. Approxim
Read MoreAmazon reduces its presence in California warehouses.
Amazon is closing its warehouse facilities in Irvine and West Sacramento, California, resulting in layoffs of 162 and 159 employees, respectively. The Irvine closure is set for November 7, while West
Read MoreLego claims that relocating production closer to home reduces distribution expenses.
The Lego Group is enhancing its production and distribution strategies to improve supply chain resilience by situating operations closer to major markets. This approach aims to reduce distribution cos
Read MoreCathay cargo experienced a 6% increase in August, driven by growth in pharmaceuticals and e-commerce.
In August 2024, Cathay Pacific transported 124,236 tonnes of cargo, marking a 6.3% increase from the previous year, driven by stable demand and an uptick towards the month’s end. Chief Customer and Co
Read MoreMenzies has launched a new cargo terminal at Maputo airport in Mozambique.
Menzies Aviation has inaugurated a new cargo facility at Maputo International Airport in Mozambique, enhancing its capabilities to provide efficient and secure services to airlines, including Airlink
Read MoreDHL eCommerce and Poste Italiane have introduced Locker Italia.
DHL eCommerce and Poste Italiane have launched Locker Italia, a joint venture to create a convenient parcel locker network across Italy. This initiative follows their strategic partnership established
Read MoreEmirates and the Museum of the Future will co-host Aviation Future Week.
Emirates and the Museum of the Future will host the inaugural Aviation Future Week in Dubai from October 15-17, 2024. This event aims to bring together leaders from aviation, aerospace, airfreight, an
Read MoreDHL Express plans to increase its capacity at Porto Airport threefold with an investment of €25 million.
DHL Express Portugal has opened a new facility at Francisco Sá Carneiro Airport in Porto, with an investment exceeding €25 million. This expansion, covering over 18,000 square meters, triples the comp
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