Air- and oceanfreight forwarder and customs brokerage Flexport has commenced operations at its regional headquarters in Hong Kong. Yesterday’s announcement expands the U.S.-based online startup’s reach into Asia. “Hong Kong is one of the busiest cargo hubs in the world, with five-hour flight connections to key Asian cities,” said Flexport CEO Ryan Petersen. With two[…]

The International Air Transport Association (IATA) is tired of waiting for regulation and is turning up the heat on the lithium battery issue. Lack of regulation and enforcement in the lithium-ion battery supply chain poses serious security threats, IATA warned in a letter to Ministers of Trade, Industry and Transport, and Directors of Civil Aviation[…]

While overcapacity seems to be a nearly universal problem in the air cargo business, apparently there are some place that still need more. Finnair, for instance, is increasing the number of A350 flights between London Heathrow and Helsinki from three times to five times a week to meet “increased demand for capacity and cargo on[…]

Indicating a possible move toward the express logistics business, Lufthansa Cargo has taken complete ownership in expedited shipping company time:matters, purchasing majority ownership (51 percent) from Aheim Capital Funds & time:matters Management. Lufthansa stated that, despite full ownership, the business will be maintained as an independent company. Time:matters offers time-critical, same-day shipments via air, rail[…]

The good news keeps coming, this time from Canadian air cargo airline Cargojet, which posted “exceptional second-quarter results,” the airline announced. At US$22.5 million, adjusted EBITDA was up by $15.9 million, or a 240.9 percent increase over Q2 of the previous year. Gross margin was $20.9 million, up $13.6 million or 186.3 percent Q2 of[…]