News Articles
A significant year for Cathay Cargo and Hong Kong.
Cathay Cargo has experienced a significant year, with sustained demand despite a less pronounced peak season. Hong Kong is expected to maintain its position as the top international air cargo hub in 2
Read MoreOMODA & JAECOO join forces with Maersk.
OMODA & JAECOO, an automotive brand, has partnered with A.P. Moller - Maersk to enhance vehicle storage and distribution across the UAE. This collaboration aims to achieve 98% spare parts availability
Read MoreFedEx plans to spin off FedEx Freight and establish two publicly traded companies.
FedEx's Board of Directors has approved a plan to fully separate FedEx Freight into a new publicly traded company, expected to be completed within 18 months. With a revenue of $9.4 billion in fiscal 2
Read MoreFedEx's operating income for the second quarter fell by 18% due to a decline in Freight revenue.
FedEx experienced an 18% drop in operating income to $1.05 billion for Q2 ending November 30, 2024, attributed to disappointing FedEx Freight revenues and ongoing challenges in U.S. industrial product
Read MoreSkyCell has invested millions in Validade, acquiring a significant stake in the company.
SkyCell, a leader in pharma supply chain solutions, has invested significantly in Validaide, a Dutch digital platform for pharma lane risk management. This investment enhances Validaide's position whi
Read MoreScan Global is set to purchase ITN Logistics Group in Canada.
Scan Global Logistics (SGL) has announced an agreement to acquire ITN Logistics Group, a prominent Canadian freight forwarder. This acquisition aims to enhance SGL's operations in Canada by increasing
Read MoreAfter a robust peak in the fourth quarter, both tonnages and rates start to decline.
Air cargo experienced a seasonal peak in Q4, but recent data from WorldACD Market Data indicates a slight decline in tonnages and spot rates in December. Average spot rates from Asia Pacific fell abou
Read MoreCathay Cargo experienced a 15% increase in November due to the growth of e-commerce.
In November 2024, Cathay Pacific transported 142,601 tonnes of cargo, marking a 15% increase from the previous year. The cargo revenue tonne kilometres rose by 11.9%, with a cargo load factor of 62.3%
Read More"‘The appropriate moment’: FedEx plans to separate its FedEx Freight LTL division."
FedEx plans to separate its LTL trucking unit, FedEx Freight, into a standalone, publicly traded company within 18 months. This move aims to enhance operational focus and investment strategies, reflec
Read MoreThe maturity of the air cargo market contributes to preventing a record high in November.
The air cargo market experienced robust performance in November, avoiding the expected "peak of all peaks," according to Xeneta’s Chief Airfreight Officer, Niall van de Wouw. Improved resource allocat
Read More