News Articles
KLN reports a 95% increase in profit allocated to shareholders.
Kerry Logistics Network (KLN) reported a remarkable 95% increase in profit attributable to shareholders, reaching HK$1.5 billion in 2024, alongside a 23% rise in revenue to HK$58.3 billion. CEO Vic Ch
Read MoreSATS collaborates with Guangtai to enhance technology for airport ground support.
SATS Ltd has entered a three-year Memorandum of Understanding with Weihai Guangtai Airport Equipment Co Ltd to trial new technologies for airport ground support operations, focusing on electric ground
Read MoreAir freight spot rates from China to the United States are recovering.
Spot prices for air cargo from Asia Pacific to the USA increased by 5% week-over-week (WoW) to $5.16 per kilo, with China to U.S. prices rising 12% to $4.53 per kilo. Conversely, rates from Hong Kong
Read MoreJ. Jill intends to implement a ship-from-store feature.
J. Jill plans to introduce ship-from-store capabilities in the latter half of fiscal year 2025, following the launch of a new order management system. This feature aims to enhance customer experience
Read MoreTariff-induced frontloading increases cargo volumes at the Port of Los Angeles.
The Port of Los Angeles experienced its second-best February on record, driven by ongoing cargo frontloading as companies hedge against tariffs, according to Executive Director Gene Seroka. While the
Read MoreHyundai's $21 billion investment in the US emphasizes localizing the supply chain.
Hyundai Motor Group has announced a significant $21 billion investment in its U.S. operations, focusing on localizing auto parts. This includes a $5.8 billion steel plant in Louisiana, expected to cre
Read MoreRaya Airways enhances its cargo operations by incorporating a B767-200F aircraft.
Raya Airways, a Malaysian cargo carrier, is enhancing its fleet by adding a Boeing 767-200 freighter, marking a significant milestone in its rebranding efforts. This 42.4-year-old aircraft, previously
Read MoreCEVA increases its worldwide air freight capacity by introducing a charter service between Wuxi and Chicago.
CEVA Logistics has launched a trans-Pacific charter program connecting Wuxi, China, to Chicago, U.S., with three weekly flights. The inaugural flight, which took off on March 28, transported over 100
Read MoreHactl recognizes terminal tenants for their commitment to sustainability during the GTP Awards.
Hong Kong Air Cargo Terminals Limited (Hactl) recently celebrated its terminal tenants' contributions to reducing carbon emissions at the Green Terminal Pact (GTP) Awards. Launched in 2024, the GTP en
Read MoreEtihad Airways supports communities in Sri Lanka.
Etihad Airways has launched transformative community outreach initiatives in Sri Lanka, reflecting its commitment to social responsibility. These efforts, integral to its Corporate Social Responsibili
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