FedEx Express signed a memorandum of understanding (MOU) with Incheon International Airport Corporation (IIAC) on 30 March to develop a new cargo terminal at ICN. The new FedEx Cargo Terminal facility is planned to have a sort capacity of up to 9,000 packages per hour, allowing inbound and outbound shipments to be processed faster and enhancing the overall customer experience. It will serve as a consolidation and transshipment point for Korea. The new FedEx-dedicated cargo terminal will be … [Read more...] about FedEx to build new cargo terminal at Incheon International Airport
Leaderboard
Express
Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx’s TNT takeover
Brazil quashes UPS appeal over FedEx's TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
DHL Express to invest €100 million for expansion at CDG
DHL Express France will invest €100 million in an automated sorting centre at Roissy-Charles-de-Gaulle airport, the group said this week. "We will invest in a new fully automated sorting centre at Charles de Gaulle to deal with the increase in our order volume," said group CEO Michel Akavi. The project, under discussion for two years, will allow the German logistics group to quadruple the size of its sorting centre, which will increase from 5,000 sqm to 20,000 sqm and is expected to be … [Read more...] about DHL Express to invest €100 million for expansion at CDG
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
