The global air cargo market is heading towards a ‘hot Q4’ of rate increases after a sixth straight month of double-digit growth in June, with a warning that shippers and forwarders ill-prepared for this year’s peak season may find themselves ‘at the mercy of the market,’ according to the latest analysis by Xeneta. Demand in June, measured in chargeable weight, was +13% year-on-year, continuing the upward trend seen throughout the first half of 2024. In contrast, cargo supply grew at its slowest … [Read more...] about Global volumes rise again in June as market indicates a ‘hot’ Q4 for air cargo rates, says Xeneta
Logistics
International Cargo Logistics doubles cold storage facility at Heathrow to meet boom in demand
Global forwarder, International Cargo Logistics (ICL), has nearly doubled the size of its cold storage facility at Heathrow Airport, from 153 square metres to 300 square metres, to meet rapidly growing customer demand. ICL Site Unit 13 now consists of five chambers with varying temperature regimes, as well as X-ray and external temporary storage facilities (ESTF), and temperature-controlled vehicles to transport goods across the UK. In addition, the facility boasts inspection areas for the … [Read more...] about International Cargo Logistics doubles cold storage facility at Heathrow to meet boom in demand
CEVA Logistics continues strategic transformation, grows core products by integrating Bolloré Logistics
CEVA Logistics, the logistics subsidiary of the CMA CGM Group, announced a new vertical organization aimed at allowing its customers to more easily benefit from its global logistics capabilities across its breadth of services in air, ocean, ground and rail transport, contract logistics, finished vehicle logistics, project logistics and customs solutions. CEVA will soon begin the process of welcoming Bolloré Logistics into its new product-driven organizational model. Bolloré Logistics was … [Read more...] about CEVA Logistics continues strategic transformation, grows core products by integrating Bolloré Logistics
C.H. Robinson expands presence in Southeast Asia with new office in the Philippines
Global logistics provider C.H. Robinson expands its presence in the Asia-Pacific region with the opening of its Filipino office. The strategic move will bolster support for the burgeoning logistics and transportation sectors in the country, aligning with C.H. Robinson's commitment to providing unparalleled, tailored services in key markets worldwide. As one of the most vibrant economies in Southeast Asia with a forecasted economic growth of 6 percent in 2024, the Philippines’ demand for … [Read more...] about C.H. Robinson expands presence in Southeast Asia with new office in the Philippines
MIT Center for Transportation & Logistics launches new lab supported by Mecalux to research the potential of AI in logistics
The Massachusetts Institute of Technology Center for Transportation & Logistics (MIT CTL) has commissioned a new research lab to investigate high-impact applications of new data-driven technologies in the logistics industry. The formation of the lab was supported by seed funding from the intralogistics group Mecalux. Specifically, the Intelligent Logistics Systems Lab at MIT CTL will explore the potential of machine learning (ML) and artificial intelligence (AI) to transform the future of … [Read more...] about MIT Center for Transportation & Logistics launches new lab supported by Mecalux to research the potential of AI in logistics
WFS and Singapore Airlines extend cargo handling partnership for launch of new flights to London Gatwick Airport
Worldwide Flight Services (WFS), a member of the SATS Group, has been awarded three-year cargo handling contract extensions with Singapore Airlines in the United Kingdom, France, and Belgium. In the UK, in addition to renewing its cargo handling and UK domestic road feeder services with WFS at London Heathrow and Manchester airports, Singapore’s national carrier is also partnering with WFS for cargo handling at London Gatwick Airport for the launch this month of five Airbus A350-900 direct … [Read more...] about WFS and Singapore Airlines extend cargo handling partnership for launch of new flights to London Gatwick Airport
