FedEx Express is expanding its distribution hub at Paris-Charles de Gaulle (CDG) Airport with a €200 million investment in technology and automation, and a €1.2 billion, 30-year lease. The 30-year lease underscores the long-term importance of the European Union to the company’s long-term plans. Once completed, FedEx said the upgrade will increase sorting capacity by[…]
The most valuable brand in retail — and logistics, for that matter – Amazon.com, is on a 120,000-position seasonal hiring binge to meet an anticipated surge in holiday shopping just around the corner. The e-retailer is taking no chances this time around, with its new Prime Air service, an army of part-time grunts, and 18[…]
Of the three major American carriers to publish third-quarter results so far, only Alaska Airlines Cargo saw its cargo revenues increase, up 3 percent, year-over-year, to US$31 million – a fraction of its growing passenger revenue. Meanwhile, United registered a 4.7 percent decline in revenues, y-o-y, to $224 million and, as previously reported, Delta continued[…]
Amsterdam to Paris in 30 minutes. That’s the seemingly impossible goal of the “Delft Hyperloop,” a pod-like capsule developed by TU Delft for the rapid transportation of people and goods through tubes (yes, really). The apparatus that might make such a trip possible arrived in California aboard a DHL freighter yesterday to prove it. In[…]
Kuehne + Nagel said a “tense” global airfreight market in the third quarter and continued pressure on margins contributed to shrinking demand and further capacity increases. As a result, Q3 earnings before interest, tax, depreciation and amortization (EBITDA) in its airfreight division were down 3.6 percent, year-over-year, to US$272.6 million, while operating profit fell 3[…]
U.K.-based aircraft charter company Air Charter Service (ACS) Group announced a 9 percent increase in charter flights, year-over-year, for the first half of its fiscal year, ending July 31st. The company arranged “more than 5,800 contracts to the end of July,” said Justin Bowman, ACS Group’s CEO. “We’re very pleased with this continued growth, as[…]
