PACTL launches CEIV-certified Cool Center in Shanghai

The Shanghai Pudong International Airport Cargo Terminal Co., Ltd. (PACTL) recently began regular operations at its new, CEIV-certified “Cool Center” on-site at Pudong International Airport. With the new temperature-controlled terminal operating under the best practices of IATA’s Center of Excellence for Independent Validators (CEIV) program for pharmaceuticals, PACTL offers complete inbound and outbound cargo handling[…]

Kerry bets on ‘Make in India’ to drive logistics growth

Hong Kong-based Kerry Logistics entered into a memorandum of understanding to raise its stake in Chennai-based Indev Logistics Pvt. Ltd. from 30 percent to 50 percent, as it prepares to handle increased demand for logistics services from growth in ecommerce and industry, driven, in part, by the Indian government’s new “Make in India” program. With[…]

Logistics startup Fleet raises US$4 million in seed funding

Fleet, described as an “online marketplace for international logistics,” has raised US$4 million in a seed funding round, led by Hunt Technology Ventures, LP. Designed as an online platform from which freight forwarders can showcase their services, Fleet enables potential customers to connect with forwarders and offers them sales and marketing assistance. Fleet also offers[…]

Air Canada, Cargojet to begin freighter service to Latin America, Europe

Canada-based Cargojet is close to finalizing a deal with Air Canada Cargo, which would, in essence, construct a cargo bridge between South America and Europe via Canada. The deal, still subject to route approval, would represent Canada’s first dedicated freighter flights to Latin America.  Once the deal is set, Cargojet would ACMI-lease and operate 767-300Fs aircraft[…]

Cainiao received US$1.5 billion in international funding since 2013

At least six groups injected an estimated US$1.54 billion into Alibaba’s logistics unit Cainiao during the company’s first round of external funding since it was founded in 2013. Charles Kauffman, of sister publication Cargo Facts provides details, which will also be discussed next week at Cargo Facts Asia 2016 in Hong Kong, where Steven Li,[…]