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A collection of 2291 posts

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CEVA Logistics Expands Eurasian Road Freight Network with New Alashankou Hub

CEVA Logistics has opened a new operational hub in Alashankou, China, to enhance its road freight services between Asia and Europe. Located in the Xinjiang province, the Alashankou hub serves as a critical cross-border gateway connecting China with Central Asia and onwards to Europe. The new facility will support

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EasyJet Expands Summer Schedule with New Routes to Spain and Greece

EasyJet has announced an expansion of its summer flight schedule from UK airports. The airline is launching a new route from Southampton Airport to Palma de Mallorca, which will operate twice weekly starting in May. This new service adds to the airline's recently introduced flights to Alicante from

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Awesome Cargo Expands Fleet with Third A330-200P2F Freighter

Mexican air freight carrier Awesome Cargo has taken delivery of its third Airbus A330-200P2F freighter. The aircraft recently arrived at Felipe Ángeles International Airport after undergoing its passenger-to-freighter conversion in Dresden, Germany. This addition is a key part of the new airline's strategy to expand

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Norse Atlantic Airways Faces Financial Uncertainty After Significant 2023 Losses

Transatlantic carrier Norse Atlantic Airways is confronting significant financial challenges after reporting a net loss of $168.6 million for 2023. The airline's auditors have subsequently expressed "significant doubt" about its ability to continue as a going concern. This warning highlights the fragile financial position of

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Air Cargo Squeezed as AI Boom and Helium Crisis Compete for Capacity

The global air cargo market is facing significant pressure from the artificial intelligence boom and a worsening helium supply crisis. Tech giants are consuming vast amounts of air freight capacity to transport high-value AI components, often booking entire charter flights. Simultaneously, disruptions in helium production have made the gas

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Panama Canal Congestion Risks Rise with Scheduled Maintenance and Weather Threats

The Panama Canal Authority has announced maintenance work on its Panamax locks from May 7 to May 15, reducing daily transit slots from 32 to 31. This scheduled work, combined with the onset of the rainy season, is raising concerns about potential increases in vessel waiting times. The rainy season

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Flybe Administrators Seek High Court Guidance on Asset Distribution

Administrators for the collapsed UK airline Flybe are applying to the High Court for directions on how to manage its assets. The firm, which ceased trading for a second time in January 2023, has left complex issues regarding the ownership of its remaining property. A key point of contention is

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Atlanta's Hartsfield-Jackson Airport Considers Replacing TSA with Private Security

Hartsfield-Jackson Atlanta International Airport (ATL), the world's busiest, is exploring a significant change to its security operations. A new bill in the Georgia State Senate is pushing for the airport to replace the Transportation Security Administration (TSA) with a private security contractor. The move is driven by

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Toll Group Braces for New Rivalry as Logisteed Emerges in Asia-Pacific

A new logistics powerhouse named Logisteed is poised to become a major competitor in the Asia-Pacific region. Formed from a merger involving Hitachi Transport System and a private equity fund, Logisteed will directly challenge Australia's Toll Group. This development comes as Toll's owner, Japan Post,

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Hormuz Premium Triggers Early Peak Season, Disrupting Container Trade Seasonality

The ongoing Red Sea crisis and resulting surcharges are upending traditional seasonality in the container shipping industry. Shippers are advancing their peak season orders to mitigate risks of further rate hikes and port congestion, effectively pulling demand forward from the third quarter. This has caused a significant surge in demand

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Sumburgh Airport Operations Resume Following Fire Alarm Disruption

Sumburgh Airport in Shetland has reopened and flight operations are returning to normal after a fire alarm prompted a full evacuation. The incident, caused by a fire in a switch room, led to significant disruptions for passengers on Tuesday morning. Emergency services, including the airport's fire and rescue

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Teleport Revenue Jumps 66% in Q1 as E-commerce Boom Drives Cargo Volumes

Teleport, the logistics arm of Capital A, has reported a significant 66% year-on-year revenue increase to RM201.2 million ($42.4 million) for the first quarter of 2024. This growth was primarily fueled by a surge in cross-border e-commerce, which boosted cargo tonnage by 64% to

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Target Appoints Jeff England as Chief Supply Chain and Logistics Officer

US retailer Target has named Jeff England as its new executive vice president and chief supply chain and logistics officer. England, who previously served as executive vice president of supply chain at Lowe’s, will join Target on January 8. He will report directly to chief operating officer John Mulligan.

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Saudia Cargo and Tibah Airports Partner to Develop Madinah as a Key Logistics Hub

Saudia Cargo has signed a strategic agreement with Tibah Airports Operation Company to enhance air cargo services at Prince Mohammad bin Abdulaziz International Airport in Madinah. The partnership aims to transform the airport into a pivotal logistics hub, aligning with the goals of Saudi Vision 2030. This collaboration will focus

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Regional Routes Prove More Profitable Than Long-Haul for South Korean Airlines

South Korean carriers, including both full-service airlines and low-cost competitors, are finding greater success and profitability on regional routes. High passenger demand for destinations in Japan and Southeast Asia, partly driven by the weak yen, is outperforming long-haul markets. In response, airlines are shifting capacity from less

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Guernsey Government Underwrites Aurigny's Heathrow Route for Two More Years

Guernsey's state-owned airline, Aurigny, has secured government support to continue its vital air link to London Heathrow. The States of Guernsey voted to underwrite the route for an additional two years, covering potential losses up to £2.9 million. This decision highlights the route's critical

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Wizz Air Expects Profit Growth Despite Ongoing Pratt & Whitney Engine Issues

Wizz Air has announced it expects annual profits to be between €350m and €370m, despite significant operational challenges. The airline is grappling with issues related to Pratt & Whitney GTF engines, which have forced the grounding of approximately 40 aircraft for inspections. This global engine issue requires extensive and time-

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Ryanair Announces Three New Summer Routes from Norwich Airport

Ryanair is expanding its operations from Norwich Airport with the launch of three new routes for its summer 2025 schedule. The new destinations include popular holiday spots Alicante in Spain, Faro in Portugal, and the island of Malta. This marks the first time the low-cost carrier has operated these

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British Airways Owner IAG Confirms Order for 37 Airbus Jets Amid Soaring Travel Demand

International Airlines Group (IAG), the parent company of British Airways and Iberia, has placed a firm order for 37 new Airbus A320neo family aircraft. The decision is driven by a strong rebound in travel demand, which helped the group's profits surge to €68 million in the first quarter.

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Jersey Launches First Direct Transatlantic Flights to North America

A Jersey-based travel company is launching the first-ever direct transatlantic flights from the island. The new luxury service will connect Jersey with destinations in the United States and Canada. The inaugural flight is scheduled for November 2nd, traveling to Teterboro Airport near New York City. This charter service

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Administrators Sell Remaining Flybe Assets to Investor Group

The administrators for the collapsed airline Flybe have sold its remaining assets, including the brand and intellectual property. The sale was made to a group of investors, according to advisory firm Interpath. While the deal raises the possibility of the airline returning to service, there are no immediate plans for

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Delta Delays A321neo Lie-Flat First Class Rollout Until 2028

Delta Air Lines has postponed the introduction of its new domestic First Class lie-flat seats for the Airbus A321neo fleet. The airline will now continue to operate 44 of these aircraft with the current standard recliner-style First Class seats until at least 2028. This delay is attributed to

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Loganair Owners Halt Sale of UK's Largest Regional Airline

The owners of Loganair, the UK's largest regional airline, have officially halted the process of selling the company. Brothers Stephen and Peter Bond, who put the airline up for sale in October 2022, stated the market is not currently "optimal" to finalize a deal. The decision

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Amazon Faces Class-Action Lawsuit Over Alleged Failure to Secure Tariff Refunds

A class-action lawsuit has been filed against Amazon, targeting its customs brokerage subsidiary. The suit, led by importer Mobilesentrix, alleges the company was negligent by not filing for refunds on behalf of its customers. These refunds relate to Section 301 tariffs on Chinese goods, which were later deemed unlawful

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Flybe Administrators Sue Lessors Over 'Unlawful' Aircraft Repossession

The administrators for the collapsed airline Flybe have launched legal action in the United States against two aircraft lessors, Nordic Aviation Capital and Aergo. The lawsuit alleges the companies engaged in an 'unlawful conspiracy' by repossessing 18 of Flybe's Dash 8-400 aircraft. According to the