Copenhagen-based logistics provider Scan Global Logistics (SGL) has taken another step in building on its 10-year-strong presence in China and Hong Kong with the acquisition of Sea-Air Logistics (SAL), headquartered in Hong Kong. The takeover will take effect on 5 July 2022, and Scan Global said the merger will allow for further penetration in segments like consumer electronics, technology, pharma and healthcare. SGL noted that the acquisition will increase its market share on the … [Read more...] about Scan Global expands footprint in Asia with latest merger
Freight Forwarders
NAP partners with IAG Cargo to support SME forwarders
Press Release Neutral Air Partner (NAP) has welcome IAG Cargo, the cargo division of International Airlines Group (IAG) as an airline partner with an aim to support its members grow their business and further develop cooperation in all areas relevant to the air cargo logistics sector. The partnership will see IAG Cargo and NAP work together jointly in various initiatives to support small- and medium-sized forwarders. IAG Cargo operates across in key strategic markets, … [Read more...] about NAP partners with IAG Cargo to support SME forwarders
CMA CGM continues air fleet expansion with second B777F
CMA CGM welcomed its second Boeing 777F freighter as it announced an additional order for two more of the aircraft type at a ceremony signing held in Everett, WA on June 7. The international shipping company, which created its dedicated air cargo unit last year, plans to build up its fleet to a dozen aircraft by 2026. It took delivery of the maiden B777F earlier on 31 May, and with the second freighter, the company now counts six aircraft in its fleet, including four … [Read more...] about CMA CGM continues air fleet expansion with second B777F
Freightos eyes Nasdaq listing with ‘special’ merger
Freight booking and payment platform Freightos Ltd is looking to go public on Nasdaq after the company entered into a definitive merger agreement with special purpose acquisition company (SPAC) Gesher I Acquisition Corp. The capital raised from the transaction will be invested to further scale the business, driving transaction value and improving margins. The implied pro forma enterprise value of the merger is estimated at approximately $435 million, leaving 78 percent stake to existing … [Read more...] about Freightos eyes Nasdaq listing with ‘special’ merger
Mexican cargo airline starts scheduled flights to China
Mexico-based cargo airline mas, formerly known as MasAir, has added scheduled flights to China for the first time as it looks to expand its network into Asia. The new service will be operated by mas for Chinese forwarder Universal Translink Aviation Transportation Service ( UTA) and will connect Mexico City International Airport (MEX) and Zhengzhou Xinzheng International Airport (CGO) twice a week. The airline said it will increase the schedule to CGO three times each week in July, with … [Read more...] about Mexican cargo airline starts scheduled flights to China
FIATA launches electronic bill of lading for members
Freight forwarder trade body FIATA has issued a paperless bill of lading (BL), which can be accessed via existing technology, for the use of all its members. The new FIATA BL uses blockchain technology to authenticate the documents and provide an audit trail. The freight forwarder association said the paperless FBL was designed to “answer the needs of the industry for improved access and exchange of trade documents.” The issuer can decide on the document format to be shared, … [Read more...] about FIATA launches electronic bill of lading for members