Toll’s growth from a home-grown domestic Australian transport company to a global logistics player has been nothing less than awe inspiring. Founded in Australia in 1888 by Albert F. Toll as a coal haulage business, using horse and cart transport, the company’s present day form took shape following a management buyout by Paul Little and Peter Rowsthorn in 1986 followed by a listing on the Australian Stock Exchange (ASX) in 1993. From this point onwards a series of mergers … [Read more...] about Toll on a roll as it snaps up M&A opportunities

Boeing’s latest update to its annual market outlook notes that the world freighter fleet is forecast to increase from 1,750 to 2,980 aircraft by 2029. This growth is made up of roughly 740 new-production freighters and 1,750 passenger conversions. In the meantime the cargo environment is still on the mend from last year’s devastation which will likely have a lasting impact including the acceleration of retirement of older aircraft, like the B747-200 and put into question … [Read more...] about Freighters Supplement in September issue

Cargojet Income Fund, Canada’s leading domestic premium overnight air cargo network operator, announced today that it has sold its 55 per cent interest in the Cargojet Regional Partnership to SkyLink Express Inc. for a CDN$3.2 million (US$3.1 million) promissory note secured by aircraft owned by SL Express. SL Express previously held the other 45 per cent interest in the partnership, and will operate the regional business under its own trade name, Skylink Express. Specializing in … [Read more...] about AMERICAS: Cargojet sells freighter business to SkyLink

The Aviation Capital Group (ACG) has ordered two 737-400SF 11-pallet configuration passenger-to-freighter conversions from Aeronautical Engineers Inc (AEI). The first aircraft was built in 1991 and is currently undergoing freighter modification and maintenance. The second is expected to be inducted for conversion by year-end. Robert Convey, vice-president sales and marketing for Aeronautical Engineers, said: “We are seeing an overwhelming response to [this] new…configuration, which … [Read more...] about AMERICAS: AEI wins orders for 2 more 737-400SF conversions

Boeing is forecasting a US$3.6 trillion market for new commercial airplanes over the next 20 years as world economies rebound and strong demand for new and replacement aircraft spurs growth. The Boeing 2010 Current Market Outlook (CMO), now in its 46th year was released in London late last month, foresees a market for 30,900 new commercial passenger and freighter aircraft by 2029. “The world market is doing much better than last year, but there are still challenges,” said Randy … [Read more...] about AMERICAS: Boeing revises global demand outlook upward