Worldwide Flight Services (WFS) - the world’s largest air cargo handler and one of the leading providers of airline ground handling and technical services - has continued its expansionist bent with an agreement to acquire New York-based Consolidated Aviation Services (CAS) for an undisclosed price. CAS is one of the leading cargo handlers in the US, serving over 250 airline customers. WFS, which was acquired by Platinum Equity in September 2015, is present at over 145 major airports in more … [Read more...] about WFS to acquire US-based Consolidated Aviation Services
Editor's Choice
Stifle Logistics Confidence Index sinks to new low
With a score of 45.4, the December edition of the Stifle Logistics Confidence Index has recorded its lowest ever total, amidst a continued pattern of decline. Of the four trade lanes covered by the Index, Europe to US continues to be the most positive, representing the highest-scoring route across both air and sea as well as current and expected situation, with continued strength of the US dollar against the Euro helping to boost performance. By contrast, the performance of trade lanes … [Read more...] about Stifle Logistics Confidence Index sinks to new low
Hactl sets all-time ramp records
Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest cargo handling agent – has broken two records for its ramp handling operations. The company handled 2,242 full freighters in November, beating its previous monthly record of 2,232 set in November 2014. The company has also broken its record for freighters handled in a single day, with a total of 95 on 2 December, breaking its previous record of 92 set on 19 November 2014. The November record was 308 higher than the October … [Read more...] about Hactl sets all-time ramp records
Raya Airways to launch two more SE Asian destinations
Malaysia-based Raya Airways has announced its plans to launch two new cargo destinations - Jakarta and Hanoi - by early February 2016 and plans to add five more freighters by Q3 this year. The airline plans to fly three times per week to the two destinations with its B757-200 Freighter which has a capacity of around 32 tonnes of cargo per flight. The all-cargo carrier currently covers mainly East and West Malaysia, together with Singapore. The Vietnamese capital of Hanoi was chosen because … [Read more...] about Raya Airways to launch two more SE Asian destinations
Amazon spotted in the air again, this time in Europe
Amazon has again been operating secret flights carrying thousands of packages, this time in and out of the UK for the past six weeks as it trials setting up its own air freight business, according to a report in the UK’s The Evening Standard. Amazon has been quietly operating the flights since mid-November using chartered B737s to fly between Poland, the UK and Germany. This latest report comes only months after it emerged that the e-commerce giant was quietly conducting tests of its own air … [Read more...] about Amazon spotted in the air again, this time in Europe
Carriers, forwarders set to embark on a new relationship
The long and often fractious relationship between the International Air Transport Association (IATA) and the International Federation of Freight Forwarders Associations (FIATA) is set to turn over a new leaf after nearly three years of intensive discussions, although sticking points – like issues relating to CASS settlement system – remain. These talks have revolved around the fundamental issue of the need to evolve and clarify what has been the historical role of freight forwarders … [Read more...] about Carriers, forwarders set to embark on a new relationship
