A trade agreement promoting faster, cheaper and easier trade that entered into force this week is “great news for airlines, which deliver about a third of the goods traded across borders by value,” said Alexandre de Juniac, IATA’s director general and CEO. The Trade Facilitation Agreement (TFA), which passed Wednesday, follows the ratification of the[…]
XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company’s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts’ expectations. last-mile solutions are a growing part of the logistics business For Q4 of 2016, revenue increased 10 percent, year-over-year,[…]
Our sister publication, Cargo Facts takes a look at US-based forwarder and logistics services provider Expeditors International of Washington, Inc’s 4Q16 results. Despite significantly higher air and ocean freight during 4Q16, compared to 4Q15, net income was down 3.4% y-o-y, to $111 million. For more, see: Expeditors handles record volumes in 4Q16, as margins take a hit […]
Photo by Craig Butz ATLNext, the new development program at Hartsfield-Jackson Atlanta International Airport (ATL), is in the process of adding 1 million square feet of warehouse space, with construction starting this year on the third warehouse. The development includes a new vehicle staging area to relieve cargo truck congestion. The work is expected to[…]
Natilus is launching its first drone, by the second quarter, and ACW sister-publication Mobility Buzz has obtained the first look at the prototype. The San Jose, Calif.-based company has been “on a sprint” since June 2016 when it received a $750,000 seed funding round from Draper Associates, Aleksey Matyushev, Natilus’ co-founder and chief executive, told Mobility Buzz. […]
Some of the fresh faces of the logistics biz. Millennials aren’t flocking to the logistics business, prompting TIACA to back a program of visits aimed at improving collaboration across the air cargo supply chain. Young professionals from six companies in the Netherlands have completed a series of visits aimed at “improving collaboration across the air[…]
