FedEx Corp. has completed the acquisition of GENCO Distribution System, one of the largest third-party logistics providers in North America. The acquisition, as previously announced on 15 December 2014, will offer customers a more comprehensive portfolio of logistics services, complementing the transportation services already provided by FedEx. “We are extremely pleased to welcome GENCO teammates to the FedEx family,” said Frederick W. Smith, chairman and CEO of FedEx Corp. … [Read more...] about FedEx seals purchase of Genco
Express
200 ACC3 certs expire without incident: IATA
The 1 January expiry of some 200 temporary ACC3 accreditations for various cargo handling facilities and carriers around the world has not resulted in any negative impacts as of 27 January 2015, the International Air Transport Association (IATA) told Payload Asia, but the ultimate sanction of banning cargo uplift into Europe is still on the table. The original ACC3 deadline was 1 July 2014, which saw nearly 1,100 independent validations conducted with about 120 IATA … [Read more...] about 200 ACC3 certs expire without incident: IATA
SW Italia secures its air operators certificate
SW Italia has secured its air operators certificate (AOC) from the Italian civil aviation authority, following the arrival of its first aircraft, B747-400(F) I-SWIA (msn 29729) formerly 4K-SW800 with parent Silk Way West Airlines. With its certification now complete, the Italian freight start-up plans to offer flights from Milan Malpensa to Hong Kong Chek Lap Kok via Baku initially before expanding to the US and Latin America. … [Read more...] about SW Italia secures its air operators certificate
APAC airlines see 2014 revival in cargo demand
Preliminary figures for the full calendar year 2014 released by the Association of Asia Pacific Airlines (AAPA) showed air cargo markets experienced an encouraging revival in demand after three consecutive years of declines. An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand as expressed in freight tonne kilometre (FTK) terms growing by a solid 5.4 per cent compared to the previous year. Available freight … [Read more...] about APAC airlines see 2014 revival in cargo demand
Hactl makes strong Q4 impression
Hong Kong Air Cargo Terminals Limited (Hactl) ended 2014 with its strongest quarter of the year, handling 491,476 tonnes (up 4.9 per cent on the same period of 2013). The last quarter was also the best of the year for exports, which totalled 287,456 tonnes (up 4.2 per cent on 2013), for imports, which totalled 131,202 tonnes (up 7.7 per cent) and for mail and express, which totalled 41,558 tonnes (down 2.2 per cent). Transshipments totalled 31,261 tonnes (up 11.1 per cent, but only the third … [Read more...] about Hactl makes strong Q4 impression
LOT Cargo starts flights to US, Canada
LOT Cargo has launched a New York – Warsaw – New York freight route with an all-cargo B767-300 aircraft operated by Cargojet Airways. This year, flights are scheduled for January-April and October-December. For January and March, the company has planned weekly flights departing from New York (JFK) on Saturdays and from Warsaw on Sundays. For February, two flights per week have been scheduled with an additional flight from Warsaw on Thursdays. The offer is designed for clients … [Read more...] about LOT Cargo starts flights to US, Canada