Check the latest news on Air Cargo, Aviation, Supply Chain & Logistics
Uber Freight to acquire Transplace for $2.25 billion
The development is expected to create an industry-leading combined Freight Technology Operating System to enable a comprehensive end-to-end shipper-to-carrier solution, unlocking new levels of efficiency and service.
MIC Cargo responds to the perception of O'Hare International Airport losing business
MIC Cargo and Inoa Ventures responds to the widely held perception that Chicago's O'Hare International Airport is an overly-congested hub losing business to nearby cargo-focused airports in places like Rockford, Illinois and Columbus, Ohio.
Amsterdam Airport Schiphol freight figures improve year-on-year
Amsterdam Airport Schiphol has witnessed its half year freight figures have increased year-on-year. It processed 837,671 tonnes of cargo in the first six months of 2021. They believe that their commitment to a fresh strategy with a cargo focus has been beneficial.
American Airlines release second-quarter 2021 report; will improve balance sheet
American Airlines Group has released its second-quarter 2021 financial results. Company is accelerating the deleveraging process with prepayment of $950 million spare parts term loan and plan to pay down approximately $15 billion of debt by the end of 2025.
Former Myntra Flipkart director Dhruv Kumar joins Criticalog
CriticaLog announces the on boarding of former Myntra Flipkart director, Dhruv Kumar as deputy chief executive officer. He will be responsible for overseeing operations and sales of the company.
BIAL and IBM partner to create ‘Airport in a Box’ platform
IBM and BIAL join hands as they announce a ten-year partnership. They are set to create a new ‘Airport in a Box’ platform that will support transforming the end-to-end travel experience for passengers at BLR Airport.
Airspace appoints Saad Shahzad as new chief revenue officer
Airspace welcomes Saad Shahzad on board as the new chief revenue officer. As CRO, he will focus on integrating the company’s revenue-related functions and expanding its global footprint in North America, Europe, and Southeast Asia.
Kuehne+Nagel's QuickSTAT opens pharma and healthcare tower in Singapore
Kuehne+Nagel’s subsidiary, QuickSTAT announces the opening of a new control tower and conditioning facility in Singapore to further expand their logistics capabilities to serve customers across Asia Pacific.
Lufthansa Cargo modernizes high-rack storage system at Frankfurt hub
Lufthansa Cargo modernizes the Road Feeder Services high-rack storage system as a part of its infrastructure program at the Frankfurt. Vollert Anlagenbau and Körber recently won the procurement procedure and will carry out the modernization of the RFS stacker’s mechanical, control and IT systems in the future.
SPEEDCARGO Technologies get $2.5 million funding from Blue InCube Ventures
Blue InCube Ventures announced that it had closed a $2.5 million seed funding round for SPEEDCARGO Technologies. The funding was made possible with support from their co-investors of Blue InCube Ventures.
Chapman Freeborn OBC receives special request to repack and wrap boxes
Chapman Freeborn OBC’s hub in Hong Kong received a special request of repacking and wrapping of 60 boxes. The package had auto parts to be delivered to the United States. The client advised that they had no additional manpower or equipment available at the warehouse to assist.
Aero Africa welcomes two airfreight specialists on board
Aero Africa’s Aero Africa Southern Africa on boards Kati Mackay and Aero Africa Sub Saharan Africa appoints Jarryd Niescior under the management team. Kati will be responsible for the financial resources while Jarryd will be responsible for regional operations in South Africa.
Aramex and DB Schenker sign MoU for expansion in Abu Dhabi and MEA region
Aramex and DB Schenker, announced the signing of a strategic MoU to drive forward synergistic opportunities in supply chain solutions across multiple critical industries to and from Abu Dhabi and the wider MEA region. The partnership will seek to further boost Aramex’s capabilities and offerings in the region.
American Airlines deliver 3 million more vaccines in Guatemala
After distributing 1.5 million doses of vaccine to Guatemala on a Boeing 777-200 aircraft, American Airlines has moved an additional 3 million coronavirus vaccine doses to Guatemala. This is following the White House’s announcement to share at least 80 million U.S. vaccine doses globally this summer.
Arvato Supply Chain Solutions expands international network
Arvato Supply Chain Solutions online business continues to be a strong revenue driver. The global network of locations is also growing in order to be able to map the increasing volume of existing and new customers.
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