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
Logistics
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
Canberra 24-hour freight hub plan approved
Australia's minister for infrastructure and regional development Warren Truss has approved Canberra Airport’s new Master Plan, setting out the gateway’s strategic direction for the next 20 years. The new plan includes an intention to use its 24-hour status to become Sydney's freight airport. The airport is expected to release the Master Plan to the public within 50 days. … [Read more...] about Canberra 24-hour freight hub plan approved
Etihad switches to new cargo management system
Etihad Cargo has cutover to a new cargo management system on 18 January 2015 to provide its customers with greater communication and improved handling processes. The new cargo management system was developed in partnership with Hermes Logistics Technologies to meet Etihad Cargo’s specific requirements and provides an integrated IT solution that encompasses all the physical handling, documentation and messages, in real-time. A key benefit of implementing the new system is that it … [Read more...] about Etihad switches to new cargo management system
E-retail drives India’s demand for warehousing space
Almost 25 per cent of the total warehousing/logistics space uptake across the country in 2014 was by e-retail players, while the uptake of logistics space rose by more than seven times over that of 2013. India’s online retail sector saw exponential growth, as a number of local market-specific services—such as cash on delivery (COD), multiple payment options, and EMI options—assisted in developing the growth curve of e-commerce in the country, according to the findings of … [Read more...] about E-retail drives India’s demand for warehousing space
Agility to develop 40 acre distribution park in Ghana
Agility broke ground on construction of a distribution park on a 40-acre site in the Tema Port Free Trade Zone Enclave in Accra, Ghana. The Agility Distribution Park, one of a series of logistics hubs that Agility is building across the African continent, will provide international standard logistics infrastructure to local, regional and global companies operating in Ghana. The network of Agility Distribution Parks being developed across Africa will serve the growing requirements of … [Read more...] about Agility to develop 40 acre distribution park in Ghana
