News Articles
Freightos reported a 30% increase in revenue for the first quarter of 2025.
Freightos, a digital booking and payment platform, reported a 30% revenue increase to $6.9 million for Q1 2025, with an adjusted loss of $4.5 million. The company recorded 370,900 transactions, a 25%
Read MoreNeste begins supplying SAF to FedEx at Los Angeles Airport.
Neste and FedEx have reached an agreement for the supply of 8,800 metric tonnes of blended sustainable aviation fuel (SAF) at Los Angeles International Airport, marking the largest SAF purchase by a U
Read MoreCathay Cargo experienced a 13.6% increase in cargo volume in April, even though there was a decrease in load.
Cathay Cargo reported a 13.6% increase in cargo carried in April 2025, transporting 133,398 tonnes, while AFTKs and RFTKs rose by 8.9% and 6.8%, respectively. However, the cargo load factor fell by 1.
Read MorePLAY chooses Nordic GSA and Globe Air Cargo France.
ECS Group subsidiaries, Globe Air Cargo France and Nordic GSA in Denmark, have been appointed as Ground Service Suppliers for PLAY, an Icelandic low-cost carrier, across France, Denmark, and other Eur
Read MoreWestJet announces that TCE's assistance with customs has been a complete success.
WestJet Cargo outsourced its customs processes to TCE for enhanced resource efficiency and expertise, commencing on November 18, 2024. TCE developed a tailored customs reporting solution to support al
Read MoreIn 2024, Heathrow managed 1.58 million tonnes of cargo valued at £215.6 billion.
In 2024, Heathrow Airport managed 1.58 million tonnes of cargo, facilitating trade worth £215.6 billion, making it the UK's primary trade hub, handling 76% of air cargo exports by value. The airport i
Read MoreStord has finalized its purchase of Ware2Go from UPS.
Stord, a leader in commerce enablement, has acquired Ware2Go, a UPS subsidiary, and formed a partnership with UPS. This acquisition adds 21 fulfillment centers to Stord’s network, expanding its capabi
Read MoreWalmart's CEO stated that increased tariffs will lead to elevated prices.
Walmart executives expressed concerns about the impact of high tariffs on prices, despite recent temporary reductions announced by the U.S. CEO Doug McMillon stated that while the company can manage c
Read MoreUtz's revamp of its supply chain mitigates the effects of tariffs.
Food manufacturer Utz reaffirmed its 2025 financial guidance, targeting low single-digit net sales growth while anticipating only a modest impact from tariffs due to its domestic sourcing and U.S. ope
Read MoreAmazon is set to establish its fourth robotics fulfillment center in Virginia.
Amazon has started building a 3.1-million-square-foot robotics fulfillment center in Goochland County, Virginia, expected to be operational by 2027. This will be the company's fourth such facility in
Read More