An e-commerce arms race is heating up in one of the Middle East’s most lucrative markets, with United Arab Emirates-based property holding company Emaar bidding against Amazon for e-commerce retailer Souq.com. Emaar, which owns properties including the sprawling Dubai Mall, announced that it was offering US$880-million for the Middle East’s biggest online retailer. Emaar Malls[…]
Sometimes it pays to be in the right place at the right time. Moscow-based Aeroflot, located midway between Europa and Asia, saw cargo and mail volumes grow 29.2 percent in February, driven by strong international freight volumes, while domestic volumes were flat. Full-year revenues for the Russian carrier rose 19.4 percent to US$8.7 billion. At[…]
Japan-based NYK Group, parent of Nippon Cargo Airlines (NCA), said it reached an agreement with Boeing to cancel NCA’s two remaining orders for 747-8 freighters. NCA was a launch customer for the 747-8F, placing an order for eight units in November 2005, and upping its total to 14 in early 2007. However, by the time the carrier took[…]
CEVA Logistics has opened a 215,800-square-foot “shared-user warehouse” at the new iPort intermodal logistics park, in Doncaster, U.K. The site can accommodate up to 28,000 pallets, sits adjacent to a 35-acre rail terminal and has parking bays for 110 large trucks. The logistics company will offer retail and other consumer-goods clients warehousing, planning, transport, administration,[…]
Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and Chinese exports bound for warehouses and[…]
Gatwick Airport and DHL Supply Chain have flipped the “On” switch for the airport’s new waste management plant, making Gatwick the first airport to turn airport waste into energy onsite. DHL’s new £3.8 million waste plant not only disposes of, but also converts waste into energy to heat Gatwick’s waste management site and power the[…]
