News Articles
Scan 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 MoreFedEx seeks a smooth transition for customers with the separation of its Freight division.
FedEx plans to spin off its less-than-truckload unit, FedEx Freight, within the next 18 months, maintaining its name and continuing to collaborate with FedEx through agreements. CEO Raj Subramaniam as
Read MoreAmazon warehouse employees are striking during the busy holiday season.
Unionized Amazon workers in several U.S. cities, including New York and Atlanta, have initiated a strike, supported by the Teamsters union, due to Amazon's refusal to engage in union negotiations, low
Read MoreDimerco reports an unforeseen increase in air cargo volume starting in mid-December.
Air cargo volumes have surged unexpectedly since mid-December, diverging from typical seasonal trends, according to a Dimerco report. This increase, driven by factors like port strikes, tariffs, and a
Read MoreDHL eCommerce collaborates with CTT Expresso for parcel shipping in the Iberian region.
DHL eCommerce and CTT Expresso have formed a strategic partnership to enhance parcel delivery in Spain and Portugal, which will significantly impact the e-commerce sector. DHL will acquire a 25% stake
Read MoreEFW achieves a milestone of six million lightweight panels.
Elbe Flugzeugwerke GmbH (EFW), a key player in Airbus passenger-to-freighter conversions and lightweight components, has achieved a significant milestone with 6 million lightweight panels produced at
Read More