Major expansion plans are in place to transform 100 sq km of underutilized land surrounding Kuala Lumpur International Airport (KUL) airport into a major air cargo and logistics hub, according local media sources. Developers are hopeful the ‘Aeropolis project’ will help the airport handle a larger portion of the region’s e-commerce-fueled airfreight growth, and one[…]
The anemic state of the oil and gas industry doesn’t seem to be deterring airfreight carriers from expanding service into Texas. Recent announcements this month from Russia-based AirBridgeCargo, and U.S.-based United Airlines Cargo promise an uptick in activity moving through Texas’ Houston gateway. To start, on May 9, United Airlines announced a new code-share agreement[…]
With the announcement that the last remaining carrier yet to stand trial, Air India, agreed to settle out of court for US $12.5 million, it is finally case-closed for the decade-long anti-trust lawsuit. Air India was originally scheduled to stand trial in September to refute the accusation it had colluded with other airlines to artificially[…]
Earlier this week a beta version of the TAC Index went live, giving shippers and forwarders a new way to monitor and visualize general freight rates between key city pairs, reports Journal of Commerce. At this initial stage TAC collects regular data from a handful of the world’s top 20 leading forwarders to provide rate[…]
Within a matter of hours between Wednesday afternoon and this morning, two unexplained fatal aircraft crashes – one an Antonov An-12 cargo plane, the other an EgyptAir A320 passenger aircraft – have shaken the aviation industry, sending investigators scrambling to find the causes. On the afternoon of Wed., May 18, the An-12 freighter, owned by[…]
Netherlands-based CEVA Logistics has unveiled a new strategy to expedite customs clearance for the imports and exports it moves through Brazil, and it’s simple – handle customs locally. Every month CEVA carries out roughly 3,000 customs clearance processes in Brazil, 800 of which move through São Paulo’s Viracopos Airport. CEVA said that by relying on[…]
