China’s biggest online shopping day – the now-famous “Singles Day” (11/11) that has become the Chinese equivalent of “Black Friday” in the United States – began setting records right away, with Alibaba selling more than US$1 billion in the first five minutes and $7.2 billion in the first two hours of shopping. The online retail[…]
Photo: Deutsche Post DHL/Bernd Georg A year after Deutsche Post DHL Group (DP-DHL) suffered the ignominious setback of pulling the plug on its comprehensive IT system, much has gone right for the express mail and logistics company, leading to what is being described as the strongest third quarter in the company’s history. For the quarter,[…]
Hamburg-based freight forwarder Senator International started weekly flights between Greenville-Spartanburg Airport in South Carolina (GSP) and Munich, beginning Nov. 5, however, the new route operates with half the frequency that the forwarder initially announced this July. It is the first-ever service between Munich and GSP, and will be operated with an Air Atlanta Icelandic Boeing[…]
Canadian all-cargo carrier Cargojet announced third-quarter adjusted earnings before interest, tax and depreciation (EBITD) of US$18.7 million, an increase of $10.2 million, or 120 percent over same period in the previous year. Total revenues rose 7.2 percent, year-over-year, to $59.9 million. “We are very pleased with the strong financial results achieved in the third quarter,”[…]
Global markets are in turmoil as President-elect Donald Trump readies his transition team and, presumably, advances what is expected to be and agenda hostile to free trade. Meanwhile, the air cargo community is rushing to build bridges with free-trade factions within the new regime, such as Vice President-elect Michael Pence, who has a strong pro-free[…]
The Civil Aviation Administration of China (CAAC) said it would grant an air operator’s certificate (AOC) to Guangzhou-based China Air Cargo Corporation, unless there was a credible objection by 18 November. In early December of last year, we reported that the CAAC had granted initial approval to the establishment of the new all-cargo carrier, a[…]
