UAE-based Etihad Airways signed an agreement to establish a new cargo transit center at Parma Airport aimed at increasing the centrally located Italian airport’s cargo handling and transfer operations. Etihad said it expects the investment will translate into additional outbound cargo shipments beginning this summer from its main Italian cargo hub in Milan.  Parma is[…]

Brandon Fried is the executive director of the U.S. Airforwarders Association. Recently, while speaking at the World Cargo Symposium in Berlin, IATA’s CEO Tony Tyler called for a further transformation in the airfreight industry, saying that quality of service should be its priority. Indeed, industry performance has been lackluster over the past few years. As[…]

The flat peach – also called a Saturn peach or a doughnut peach for its toroid shape – is high in potassium, vitamin A and vitamin C, and has become a popular health snack in many parts of the world. In 2015, flat peach production spiked, reaching more than 200 percent of the average volume[…]

Swelling net revenue margins supplanted the impact of lower gross revenues for Netherlands-based CEVA Holdings during the first quarter of 2016. The group’s freight management unit, which includes air and seafreight forwarding, reported a 57.1 percent, year-over-year, jump in EBITDA, to US$10 million, on a constant currency basis. Cargo volumes for both air and sea[…]

In spite of a reduction in revenue growth due to lower fuel surcharges and currency exchange rates, UPS reported strong growth in net income for the first quarter of 2016, rising 10.2 percent, compared to the previous Q1, to reach US$1.13 billion. Operating profit rose by 9 percent, year-over-year, to $1.82 billion for the same[…]