Alibaba Group’s logistics arm Cainiao Network is adding new Boeing 757-200 cargo planes to match the surge in cross-border deliveries starting August, announced a press release. This will add to the more than 10 cargo aircraft it uses for parcels bound to Russia. Cainiao said the new fleet will transport AliExpress orders from Chinese online sellers to Russia. With more than 20 weekly flights to Moscow, Novosibirsk, and Alibaba hubs in Europe, the company plans to add routes to Yekaterinburg … [Read more...] about Alibaba’s Cainiao boosts fleet with B757s for Russia delivery
Logistics
LATAM Brazil makes ‘mega-delivery’ of medical supplies to combat COVID-19
LATAM Brazil concluded the 3,200-tonne ‘mega-operation’ to transport Chinese medical equipment and supplies to combat COVID-19 in Brazil after almost 3 months, a press release confirmed. Since May, more than 3,200 tonnes of cargo were transported in 45 flights, including 250 million surgical and N95 masks, monitors, respirators and other medical supplies. In addition, several tonnes of fruit were transported to Europe on the way to China. A total of 45 flights were carried out using five … [Read more...] about LATAM Brazil makes ‘mega-delivery’ of medical supplies to combat COVID-19
GEODIS gets Gary O’Connor as new managing director in Ireland
GEODIS named Gary O’Connor as new managing director for its Ireland operations effective June, announced a press release. Joining the team in the 20,000 sqm logistics facility at Dublin Airport Logistics Park, the new managing director will oversee the Group’s contract logistics, overland transport, freight forwarding, supply chain optimisation, express and parcel delivery services. GEODIS said that its growth strategy in the Irish market will be focused on developing business in the … [Read more...] about GEODIS gets Gary O’Connor as new managing director in Ireland
CEVA Logistics inks deal to operate IKEA’s Mexico warehouse
CEVA Logistics Mexico has been awarded a multi-year contract to operate a new dedicated warehouse to support IKEA Mexico’s operations in the country, stated a press release. The Mexico City IKEA Store will become the company’s first retail location in Latin America, and CEVA will be responsible for all operational activities of the new distribution centre (CEDIS). CEVA will utilize its Matrix IT platform to manage all warehouse processes. This new market is another addition … [Read more...] about CEVA Logistics inks deal to operate IKEA’s Mexico warehouse
Air cargo booking platform cargo.one bags $18.6 million in series A funding
Berlin-based cargo.one, which runs a platform and marketplace for booking air cargo, raised $18.6 million in series A funding led by Index Venture, the company said in a press release. Next47 and prior backers Creandum, Lufthansa Cargo and Point Nine Capital also joined in the round, along with angel investors from DST Global and Carlos Gonzalez-Cadenas (current COO of GoCardless and former-CPO of Skyscanner). With these fresh funds, the company plans to onboard new airlines, grow in … [Read more...] about Air cargo booking platform cargo.one bags $18.6 million in series A funding
Cargo uptick to lift Q2 earnings for South Korea’s airlines
Korean Airlines seems to be moving back to profitability as its cargo business does well and helps balance the loss of passenger traffic, JoongAng Daily’s Jin Min-ji reports. Amidst increasing freight rates and relatively lower fuel and labour costs, Korean Air Lines expects to report a net profit of KRW 149 billion (US$124 million) in the second quarter, according to Hanwha Investment & Securities. This would be a turnaround from the KRW 736.86 billion (US$616 million) net … [Read more...] about Cargo uptick to lift Q2 earnings for South Korea’s airlines
