In a move to strengthen its foothold in Myanmar, DB Schenker announced the opening of its new company, Schenker Myanmar Company Limited, effective 1 June 2016. Schenker Myanmar will manage contract logistics business operations for customers in the telecommunications, and consumer goods industries, it said. The new Myanmar entity will have over 80 employees operating the contract logistics & warehousing business, while the Yangon Branch of Schenker Thailand will continue to handle … [Read more...] about DB Schenker sets up 100% owned logistics entity in Myanmar
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FedEx completes €4.4 billion acquisition of TNT
FedEx Corporation has announced that it has acquired TNT Express. The €4.4 billion acquisition combines the strengths of the companies – the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry, FedEx said. FedEx said the integration process of TNT Express will begin immediately, adding that the company's track record of successful acquisition integrations in … [Read more...] about FedEx completes €4.4 billion acquisition of TNT
Asia Pacific airlines return to profitability in 2015: AAPA
Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) revealed that Asia Pacific airlines recorded US$6.9 billion in combined net earnings in 2015, an upswing from net losses of US$1.2 billion reported for the year 2014. The AAPA said the strong results were underpinned by sustained growth in passenger markets, lower fuel prices and operating efficiencies including a record high passenger load factor of 78.4 per cent and a small but … [Read more...] about Asia Pacific airlines return to profitability in 2015: AAPA
FedEx takes sharper aim at the cold chain market
In a move that takes sharper aim at the high yield segment of the air cargo supply chain, FedEx Express has opened its new FedEx Cold Chain Center at the FedEx Express World Hub in Memphis, Tennessee, US. While this dedicated facility is the first of its kind for the FedEx network, FedEx operates smaller-scale cold chain facilities at the Charles de Gaulle Airport in France, the Cologne Bonn Airport in Germany and the Kansai International Airport in Japan. Designed to protect the integrity … [Read more...] about FedEx takes sharper aim at the cold chain market
Cathay, Lufthansa join forces in new cargo agreement
Cathay Pacific Cargo and Lufthansa Cargo have signed a far reaching cargo cooperation agreement to provide customers with a larger and faster joint network on routes between Hong Kong and Europe from early next year. Describing the agreement as a "highly integrated" bilateral cooperation, the two carriers said they will work closely together on network planning, as well as sales, IT and ground handling. "This will bring Hong Kong, the world’s busiest air cargo hub, closer to Europe, … [Read more...] about Cathay, Lufthansa join forces in new cargo agreement
April cargo volumes spike at Frankfurt on back of Asia surge
Cargo (airfreight + airmail) volumes experienced strong growth, soaring by 5.0 per cent to 181,948 tonnes in April, year-on-year. Far East traffic was the main growth driver, with cargo tonnage to/from this region surging 9.0 per cent. Freight volumes on routes to/from China, Japan, and India even recorded dynamic double-digit growth. While cargo throughput declined during the first three months of 2016, cumulative cargo volumes in the year to April reached positive territory again for the … [Read more...] about April cargo volumes spike at Frankfurt on back of Asia surge
