UTi Worldwide Inc, a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV. DSV, headquartered in Denmark, is a global supplier of transport and logistics services with 530 offices and 130 logistics facilities in 75 countries. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately US$1.35 billion which represents a 34 per cent premium over the 30-day … [Read more...] about UTi Worldwide acquired by Denmark's DSV
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China’s YTO makes maiden flight, launches B737-800BCF programme
Boeing has announced it has entered into an agreement with YTO Airlines – a Hangzhou-based Chinese express cargo carrier – to provide the airline with 15 B737-800 Boeing Converted Freighters (BCFs) following a planned programme launch for the type. The order was announced during President Xi Jinping's ongoing visit to the US and delivery dates were not specified. YTO only just began operations with its maiden flight on 26 September with flights between Hangzhou and Chengdu. YTO acquired its … [Read more...] about China’s YTO makes maiden flight, launches B737-800BCF programme
China's YTO makes maiden flight, launches B737-800BCF programme
Boeing has announced it has entered into an agreement with YTO Airlines – a Hangzhou-based Chinese express cargo carrier – to provide the airline with 15 B737-800 Boeing Converted Freighters (BCFs) following a planned programme launch for the type. The order was announced during President Xi Jinping's ongoing visit to the US and delivery dates were not specified. YTO only just began operations with its maiden flight on 26 September with flights between Hangzhou and Chengdu. YTO acquired its … [Read more...] about China's YTO makes maiden flight, launches B737-800BCF programme
13th B747-8F for Cargolux as it reveals ‘Cargolux China’ plans
Cargolux has revealed plans to launch a joint venture airline in China to be based in Zhengzhou, focusing primarily on the transpacific along with the intra-Asia trade lane in an 80-20 focus, using an initial three B747 freighters, later expanding to five within three years. Cargolux president and chief executive Dirk Reich, speaking in Luxembourg at the welcoming ceremony for the European cargo airline's 13th of 14 B747-8Fs it has on order, said the new carrier, tentatively called 'Cargolux … [Read more...] about 13th B747-8F for Cargolux as it reveals ‘Cargolux China’ plans
13th B747-8F for Cargolux as it reveals 'Cargolux China' plans
Cargolux has revealed plans to launch a joint venture airline in China to be based in Zhengzhou, focusing primarily on the transpacific along with the intra-Asia trade lane in an 80-20 focus, using an initial three B747 freighters, later expanding to five within three years. Cargolux president and chief executive Dirk Reich, speaking in Luxembourg at the welcoming ceremony for the European cargo airline's 13th of 14 B747-8Fs it has on order, said the new carrier, tentatively called 'Cargolux … [Read more...] about 13th B747-8F for Cargolux as it reveals 'Cargolux China' plans
iPhone 6s: China to US by airfreight for US 72 cents
Online freight rate quoting company, Freightos has estimated the cost of shipping the new iPhone 6s via air freight from China to the US would cost Apple US 72 cents per iPhone package. This includes local China trucking and distribution to retailers amounting to 17 cents, making the pure airfreight portion only 55 cents. Freightos undertook the exercise as a demonstration of its new private beta version of its online instant freight quote marketplace. "From some rough calculations, we … [Read more...] about iPhone 6s: China to US by airfreight for US 72 cents
