HEADLINE
Air freight rate hike seen ex-India
Forwarders are reporting air cargo congestion and rising air freight rates out of the Indian Subcontinent, a situation they fear may get worse owing to religious festivals. Rates from India to Europe have risen 75% recently, month on month, according to data from Xeneta. Bangladesh to Europe has risen…
Read MoreAir cargo market from India to Europe has a strong start to the year
The India to Europe air cargo market has experienced a surge in volumes since the beginning of this year. This has been largely due to demand in apparel exports from India and Sri Lanka coinciding with disruptions to ocean freight services in the Red Sea region, which saw shippers…
Read MoreACCM Annual Ball 2024 in Chennai an event to remember
The Air Cargo Club of Madras (ACCM) organised its Annual Ball 2024 on March 9 at Feathers Hotel, Chennai. The event commenced in a rousing manner with Tamil Thaai Vaazhlthu, followed by the lighting of the lamp by Hon. Advisors Mr Suresh and Mr Arun along with Mrs Rajakumari…
Read MoreUPS continues growth investments in Asia Pacific
Global logistics leader UPS has taken the value of its investment commitments in Asia Pacific to over $250 m since the start of 2023. The investments include the company’s recent agreement with The Luzon International Premiere Airport Development Corporation (LIPAD) to expand its operations at Clark Airport (CRK) in…
Read MoreSkye Air collaborates with CLTRI for medical supplies in Tamil Nadu
Skye Air Mobility, the Gurugram-based SaaS-based autonomous logistics solution provider, is collaborating with the Chengalpattu-based Central Leprosy Teaching and Research Institute (CLTRI) to ensure swift and secure delivery of medical supplies across Tamil Nadu. As part of this collaboration, Skye Air will deploy its StarLiner and Artemis drone models,…
Read MoreSATS opens its largest innovative food solutions facility in Bengaluru
The ready-to-eat (RTE) food industry in India has grown significantly in recent years, owing to changing lifestyles, urbanisation, and rising disposable income. Convenience and time-saving benefits have made RTE meals increasingly popular among busy urban consumers, students, and working professionals. Based on SATS’ research, value sales of ready-to-eat meals…
Read MoreMini freighters are the answer for NEO automotive charters
Frankfurt based trade-only charter specialist NEO has completed a programme of twenty air cargo charters from Spain and Portugal to the UK, carrying urgent automotive components. The flights operated from Spain and Portugal to Birmingham and Liverpool in the UK using Metro, Saab 340, ATR42 and ATR72 freighter aircraft…
Read MoreIAG Cargo looks to double its IT and digital team
IAG Cargo, the cargo division of International Airlines Group (IAG), is growing its IT and digital team with more than 60 roles, more than doubling the size of its global team. This expansion is part of IAG Cargo’s commitment to be an agile, innovative and a customer-centric business, increasing…
Read MoreGreen Terminal Pact marks another environmental first for Hactl
In its latest move to achieve net zero, Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest independent handler – has launched a voluntary Green Terminal Pact (GTP) to engage its SuperTerminal 1 tenants in reducing its carbon footprint and creating an environmentally-conscious workplace. The aims of…
Read MoreFedEx registers improved third quarter income and margin
FedEx Corp. recently reported its consolidated results for the third quarter ended February 29, 2024. Third quarter income and margin improved despite lower revenue, primarily due to execution of the company’s DRIVE program and the continued focus on revenue quality. “FedEx delivered another quarter of improved profitability in what…
Read More© 2020 ACE. All Rights Reserved