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A collection of 2291 posts

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YunExpress to Open New Facility at East Midlands Airport, Becoming UK's First China-Based Cargo Handler

Chinese logistics giant YunExpress is set to open a new cargo handling facility at the UK's East Midlands Airport (EMA). This development marks a significant milestone, establishing YunExpress as the first China-based e-commerce logistics firm to create its own air cargo handling operation in the United

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IKEA Partners with Flipkart's Ekart for Last-Mile Deliveries in Chennai

IKEA India has announced a strategic partnership with Ekart, the logistics arm of e-commerce leader Flipkart. The collaboration focuses on managing last-mile deliveries for IKEA's customers in the city of Chennai. This move supports the Swedish furniture giant's recent retail expansion into the region.

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Vietnam Approves Major Container Terminal Expansion for Mekong Delta Ports

Vietnam's government has approved a master plan to significantly expand the seaport system in the Mekong Delta through 2030. The primary goal is to boost container handling capacity to between 6.5 and 8.5 million tonnes annually to support the region's growing exports. This development

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Magma Aviation Partners with Air Atlanta Icelandic to Advance Sustainability Goals

Magma Aviation has entered a strategic partnership with Air Atlanta Icelandic to enhance its environmental sustainability efforts. The collaboration centers on a newly converted Boeing 747-400F freighter, which will be operated by Air Atlanta Icelandic on behalf of Magma. As part of the agreement, the aircraft will utilize a

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airBaltic Selects Globe Air Cargo UK as General Sales and Service Agent for the UK

Globe Air Cargo (GAC) UK has been appointed as the exclusive General Sales and Service Agent (GSSA) for airBaltic in the United Kingdom, effective April 1, 2024. Under the new agreement, GAC UK will market all cargo capacity on airBaltic's direct flights from London Gatwick and Aberdeen to

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China Eastern Launches Vienna-Xi'an Service, Boosting Airport's Cargo Capacity

China Eastern Airlines has inaugurated a new direct flight service connecting Vienna International Airport with Xi'an, the capital of China's Shaanxi province. This marks the first-ever direct connection between the two cities, operating three times a week. The route is serviced by an Airbus A330-

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Wizz Air Narrows Profit Forecast Amid Ongoing Pratt & Whitney Engine Issues

Wizz Air has adjusted its annual profit forecast, now expecting to earn between €350m and €400m, narrowing the previous range. The revision is primarily due to the grounding of approximately 40 aircraft for mandatory inspections of their Pratt & Whitney geared turbofan engines. Despite these operational challenges, the airline saw

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YunExpress Opens New Cargo Facility at East Midlands Airport

Chinese cross-border e-commerce logistics provider YunExpress has officially opened a new cargo facility at East Midlands Airport (EMA) in the UK. The 5,000-square-meter hub is designed to handle the company's increasing UK volumes, driven by the e-commerce boom. Operating 24/7, the

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British Airways Parent IAG Confirms Order for Six Airbus A321XLRs for Aer Lingus

International Airlines Group (IAG), the parent company of British Airways and Aer Lingus, has finalized an order for six new Airbus A321XLR aircraft. These long-range, single-aisle jets are specifically designated for the Irish carrier, Aer Lingus. The acquisition will enable the airline to launch new transatlantic routes and

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Flybe Administrators Launch Legal Action Against Lessors Over Former Aircraft Fleet

The administrators for the collapsed UK airline Flybe are taking legal action against two aircraft leasing companies. Interpath Advisory has filed a case in London's High Court against Aergo and Nordic Aviation Capital regarding 17 former Flybe aircraft. The administrators allege that the lessors unlawfully repossessed the De

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EU Considers Fuel-Sharing Policy as Airlines Face Rising Costs and SAF Mandates

The European Union is exploring a policy that would allow airlines to share fuel as a measure to control escalating operational costs. This consideration comes as carriers face pressure from volatile jet fuel prices and the upcoming ReFuelEU Aviation initiative. The new rules will mandate an increasing use of more

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Heathrow Airport Reports Busiest Ever Start to the Year

London's Heathrow Airport has recorded its busiest-ever start to a year, handling 18.5 million passengers in the first three months of 2024. This represents a 9.5% increase compared to the same period last year. The airport also set a new record for the busiest day

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Cargolux Italia and Liege Airport Launch Taipei Route to Create Semiconductor Air Bridge to Europe

Liege Airport's 'Cargoland by LGG' initiative has identified Taiwan as a crucial hub for semiconductor transport between Asia and Europe. In line with this strategy, Cargolux Italia has launched a new twice-weekly Boeing 747-400F freighter service from Milan-Malpensa to Taipei. The route aims

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Five Global Shifts Set to Reshape the Air Cargo Industry by 2026

The global air cargo industry is on the verge of a significant transformation, driven by five key shifts expected to take shape by 2026. These changes include the widespread adoption of digitalization to enhance efficiency and the critical push towards sustainability through initiatives like Sustainable Aviation Fuel (SAF). Furthermore, the

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MTT Shipping Raises $165M in IPO to Expand Container Ship Network

Malaysian container line MTT Shipping has successfully raised $165 million (MYR759m) through an initial public offering on Bursa Malaysia. The IPO was significantly oversubscribed, indicating strong investor confidence. The funds are primarily earmarked for expanding the company's fleet and container network within the intra-Asia trade routes. MTT

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RTX Posts Strong Q1 Earnings on Defense Growth as Pratt & Whitney Fires Back at Airbus in A320 Engine Spat

RTX has reported a strong start to 2026, with its first-quarter earnings exceeding expectations, largely driven by heightened demand in its defense sector. Amidst this financial success, a significant conflict is emerging on the commercial side of the business. Subsidiary Pratt & Whitney is publicly responding to sharp criticism

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Global Air Cargo Rates Rise Despite Declining Volumes in Mid-April

Global air cargo rates increased for the third consecutive week in mid-April, reaching an average of $2.55 per kilogram. This 4% week-on-week rise occurred despite a 4% decline in worldwide cargo volumes. The primary drivers for this trend are strong demand from the Middle East, South

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Lufthansa Cargo Transports Bavarian Radio Symphony Orchestra's Instruments from Miami to Munich

Lufthansa Cargo successfully managed the transport of valuable and sensitive musical instruments for the Bavarian Radio Symphony Orchestra. The shipment was flown on a Boeing 777F freighter from Miami International Airport (MIA) to Munich (MUC). The delicate cargo, which included cellos, double basses, and harps, was packed into special flight

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Air Charter Service Transports 51-Tonne Food Seasoning Shipment from Mexico to Nicaragua

Air Charter Service successfully managed an urgent air freight operation, transporting 51 tonnes of food seasoning from Mexico to Nicaragua. The client required an immediate solution after their regular sea freight route was disrupted, threatening to halt a production line. ACS's Miami cargo team quickly sourced an Antonov

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Seven Key Predictions Point to a Strained Global Trade System in 2024

Analysts are forecasting a challenging year for global trade, with the supply chain system remaining under significant strain. Seven key predictions highlight ongoing volatility driven by geopolitical events like the Red Sea crisis and operational issues at the Panama Canal. These disruptions are causing ocean freight rates to surge, though

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Air Canada Abruptly Cancels Its 22-Hour Ultra-Long-Haul Route to Bangkok

Air Canada has unexpectedly canceled its seasonal service from Vancouver to Bangkok via Singapore for the upcoming winter 2024/2025 season. The route, which was the airline's longest one-stop service with a total travel time of up to 22 hours, has been removed from all booking systems.

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Global Air Freight Rates Continue to Rise, Marking Eighth Consecutive Week of Gains

Global air freight rates have continued their upward trend, with the Baltic Air Freight Index increasing for the eighth consecutive week. This growth is largely driven by strong e-commerce demand from China and ongoing disruptions to ocean shipping in the Red Sea. While routes from Asia to Europe and

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Wizz Air Suspends Entire Winter Schedule at Cardiff Airport

Wizz Air has announced the cancellation of all its flights from Cardiff Airport for the upcoming winter season. The suspension will affect nine routes and is scheduled to last from October 25, 2024, to March 29, 2025. The airline cited challenging macro-economic conditions and ongoing economic pressures as the

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British Airways Owner IAG Finalizes Order for 150 Boeing 737 MAX Jets

International Airlines Group (IAG), the parent company of British Airways and Iberia, has confirmed a major order for 50 Boeing 737 MAX aircraft, with options for an additional 100. This deal finalizes a commitment first announced in 2019. The firm order includes 25 of the larger 737-10 variant and

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UPS Expands 'Happy Returns' Service to 10,000 US Locations

UPS is significantly expanding its 'Happy Returns' service, growing its network to 10,000 locations across the United States. This service offers online shoppers a box-free and label-free option for returning items. The expansion heavily leverages The UPS Store's extensive retail footprint to provide