ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second quarter … [Read more...] about Atlas Air's Amazon service to take flight this quarter
E-commerce
DHL invests $137m to exploit booming US e-commerce business
Deutsche Post DHL Group has announced a US$137 million investment plan for the US domestic and cross-border e-commerce market. DHL eCommerce said it is making the substantial investments to expand its capabilities to serve US businesses selling abroad as they are at the forefront of global e-commerce sales. DHL aims to exploit the global B2C e-commerce market for cross border shipments which are expected to grow from $400 billion today to a total global volume of $1 trillion in 2020, … [Read more...] about DHL invests $137m to exploit booming US e-commerce business
Dubai set to become leader in 3D printing
Dubai’s initiatives toward encouraging the 3D printing sector are set to make it the world’s leading centre for 'additive manufacturing' technology, a leading 3D printing expert has said. Dominic Wright, business development director at Generation 3D, a 3D printing specialist company, said during a presentation at Dubai's monthly CIOMajlis session that Dubai's initiatives toward encouraging 3D printing will revolutionise its construction sector as well as witness major innovations across … [Read more...] about Dubai set to become leader in 3D printing
Alibaba under pressure to crack down on fakes
Alibaba Group will continue to crack down on counterfeit goods in a programme under the International AntiCounterfeiting Coalition (IACC), the Chinese e-commerce giant said after the coalition suspended its membership last week. Describing counterfeiting as a “complex, industry-wide” issue, the Internet giant that owns China’s biggest online shopping platform - Taobao.com - vowed to continue to work with brands, governments and industry partners in combating fakes, whether or not it was a … [Read more...] about Alibaba under pressure to crack down on fakes