Chinese Airfreight rates to rise as peak season mutes (Stifel)

June 20, 2022
Airfreight rates out of China are expected to rise over the coming months while the peak season could be muted, according to Bruce Chan, senior analyst at investment bank Stifel.

MyFBAPrep becomes preferred Fulfilment by Amazon partner for SEKO Logistics

June 16, 2022
This partnership gives MyFBAPrep’s client roster of Amazon aggregators access to SEKO`s global fulfilment warehouses and an additional 4m sq ft of new warehouse space globally. Seko launched an e-commerce business unit in January.

Envirotainer to be sold in a deal worth €2.8bn

June 16, 2022
The deal will see private equity firm Cinven and co-investor Novo Holdings sell the air cargo business to another private equity firm, EQT and investment company Mubadala.

Ethiopian Airlines expand fleet with order of 5 777 freighters

June 16, 2022
“The addition of these five 777 Freighters into our cargo fleet will enable us to meet the growing demand in our cargo operation. While cementing our partnership with Boeing with new orders, the growth...

UAE ICP and IATA to partner on deployment of PLACI system in the UAE

June 16, 2022
IATA and Federal Authorities for Identity, Citizen, Custom and Port Security (ICP) in the UAE have agreed to work together on the deployment of a Pre-Loading Advance Cargo Information (PLACI) System in the UAE.

Emirates SkyCargo receives delivery of new Boeing 777F

June 16, 2022
From Boeing’s Paine Field in Seattle, A6-EFT headed to Hong Kong to pick up its first load before touching down on Saturday morning at its new home, Dubai World Central, with a full load...

WACO appoints new member for KSA to meet growing demand for logistics services in the region

May 17, 2022
The WACO System (WACO) has announced that BAFCO International Shipping and Logistics Co., Ltd. (BAFCO) will be the latest addition to its global freight forwarding network as the representative for Saudi Arabia.

Wider problems on the ground slow air cargo’s Covid recovery for 2nd consecutive month

May 17, 2022
All the factors which curtailed the growth recovery of the general air cargo market in March continued to impact the industry in April with volumes at -8% year-over-year. Airfreight rates remained elevated despite the...

Qatar Airways and Virgin Australia unveil new strategic partnership at Arabian Travel Market

May 17, 2022
Qatar Airways, and Australia’s, Virgin Australia recently unveiled a new strategic partnership that will significantly expand both airlines’ networks, lounges and loyalty programs.

Deugro’s visiotrack supports global CO2 reduction for a net-zero future

May 17, 2022
deugro visiotrack users are now able to view the emissions of their shipments worldwide at any time at the press of a button. deugro already provides many clients with comprehensive logistics studies and analyzes...