Although global freight forwarder and logistics company Panalpina suffered a drop in revenue, from $6.73 billion to US$5.88 billion in 2015, the Swiss company’s EBIT moved edged up from $117.1 billion to $117.6 billion at the close of last year, while net profit rose slightly to $88.5 billion from $86.79 billion in 2014. These results[…]
Supply chain management company, CEVA Logistics, saw its revenue decline in 2015 by 11.5 percent to US$6.95 billion, compared to $7.8 billion in 2014, but its net losses shrank significantly, from $413 million in 2014 to $195 million last year. At the same time, full-year airfreight volumes increased marginally and adjusted EBITA rose to $272[…]
Now that eight major U.S.-based carriers have submitted applications to begin scheduled service to the previously forbidden Cuba, forwarders are calling for the Department of Transportation to give precedence to passenger routes that carry bellyhold cargo during the approval process. According to the U.S. Airforwarders Association (AfA), only five of the carriers that have applied[…]
When it comes to intercontinental flows of air cargo, the regional air networks in Europe have hardly played a role, as the bulk of this traffic that moves beyond the gateways is carried over the road to its final destination. However, as e-commerce demand booms in Europe, carriers have recently begun placing a greater emphasis[…]
Brandon Fried is the executive director of the U.S. Airforwarders Association The regulations for container ships, in most cases, have little to do with the business of air cargo. But the fate of at least one vessel, the MOL Comfort, one of the largest container ships ever lost at sea, could have implications on air[…]
Toward the end of this year’s Super Bowl, after many of the most expensive TV advertisements of the year had aired, viewers may have noticed an odd brand tie-in for the upcoming “Batman vs. Superman” movie, premiering at the end of this month: Turkish Airlines. In the ad, actors from the film, Ben Affleck and[…]
