HEADLINE
Atlas Air now operates second Boeing 777-200 Freighter for MSC
Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., recently took delivery of a Boeing 777-200 Freighter, which it will operate on behalf of its customer MSC Mediterranean Shipping Company SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement. This is the…
Read MoreMSC Air Cargo acquires majority stake in AlisCargo Airlines
MSC has acquired majority stake in AlisCargo Airlines, a Milan-based air freight carrier, informed a release. Jannie Davel, MSC Air Cargo Senior VP, said: “The acquisition is a step towards expanding MSC’s Air Cargo solution capabilities, and ultimately providing our customers with a quality and consistent offering.” Giacomo Manzon,…
Read MoreDGFT extends deadline for track n trace system for pharma exports
The Directorate General of Foreign Trade (DGFT) has extended the deadline for implementing the Track and Trace system for pharmaceutical and drug exports until February 1, 2024. The extension applies to both Small Scale Industries (SSI) and non-SSI manufactured drugs. slovenska-lekaren.com This move follows a series of notifications intended…
Read MoreSafexpress unveils multimodal logistics park in Patna
Safexpress has unveiled its groundbreaking logistics park in Patna, Bihar. Spanning across an expansive area of 5.25 lakh square feet, the logistics park offers unparalleled infrastructure and capabilities, as per reports. Its salient features include a 130 feet wide cross-dock facility, strategic location on the Patna-Bakhtiyarpur National Highway 30,…
Read MoreBLR Airport handles record perishable cargo for third consecutive year
For three consecutive years, Kempegowda International Airport Bengaluru (also known as KIAB/BLR Airport) has maintained its position as the leading airport for exporting perishable cargo in India. The Airport has witnessed growth in the export of perishable cargo, handling a record tonnage of 53,751 metric tonnes (MT) in financial…
Read MoreMenzies Aviation accelerates growth during first year under new ownership
Menzies Aviation, the leading service partner to the world’s airports and airlines, is marking a year since it joined forces with National Aviation Services (NAS) to become the world’s largest aviation services company. The company, which was acquired by Agility on August 4, 2022, has enjoyed accelerated growth over…
Read MoreRecent air cargo market trends show global tonnages close to their equivalent levels in the past year
As per WorldACD, total global air cargo tonnages in the last two weeks have come close to their equivalent levels this time last year, down by just -2%, thanks to some recovery of traffic ex-Asia Pacific, ex-Middle East & South Asia, and from Africa, although average rates have continued…
Read MoreEtihad Cargo beats operational performance targets in H1
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has continued to surpass operational performance targets, achieving improvements across key performance measures in the first half of 2023. Building on the strong operational performance of the carrier’s freighter operations in 2022, Etihad Cargo achieved 82.7 per cent on-time…
Read MoreSaudia Cargo expands reach in Europe
To enhance its services and expand its reach in Europe, Saudia Cargo has signed a strategic agreement with Jan de Rijk Co., a prominent European transportation and logistics company, it is learnt. Under this agreement, Saudia Cargo will leverage Jan de Rijk’s extensive trucking network, which comprises a fleet…
Read MoreDHL Group performs well in a challenging environment
DHL Group once again demonstrated its resilience in a less dynamic market environment in the second quarter of 2023. The Group achieved revenue of EUR 20.1 billion (Q2 2022: EUR 24.0 billion). Operating profit (EBIT) was level with the first quarter at EUR 1.7 billion. As expected, the second…
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