FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue.
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.
The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid...
Fast-growing freight forwarder Scan Global Logistics has a new majority shareholder in the shape of private equity fund CVC Capital Partners Fund VIII (CVC).
CVC has acquired the shareholding from an investor group led by...
A 50-strong team from Germany’s Federal Agency for Technical Relief (THW) took off from Cologne Bonn Airport recently to Turkey’s south-eastern province of Gaziantep with 16 tonnes of recovery equipment.
The huge 7.8 magnitude earthquake...
KlasJet, a well-known exclusive private and corporate jet charter company, and a family member of Avia Solutions Group, have begun their passenger ACMI operations. The company is adding 8 186-189 economy configuration Boeing 737-800...