Saudi Airlines Cargo Co. has launched a new direct freighter service between Shanghai and New Delhi as part of the airline’s continued expansion strategy. The new direct service offers scheduled main deck capacity using B747-400F aircraft, operating twice weekly directly between the two cities. Vikram Vohra, regional director Far East, Saudi Airlines Cargo, said: “Our focus is to improve connectivity and provide a growing network of destinations and quality operations to our … [Read more...] about Saudia Cargo launches Shanghai-New Delhi
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FedEx seeks EU approval for US$4.9B TNT bid
FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
Kuehne+Nagel to acquire ReTrans
The Kuehne + Nagel Group has entered into an agreement to acquire ReTrans Inc., a US-based provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s overland strategy and will significantly strengthen the company’s position as an end-to-end logistics provider in North America. Founded in 2002 and headquarted in Memphis, TN, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full … [Read more...] about Kuehne+Nagel to acquire ReTrans
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost
AAC opens cold chain facility in Philadephia
American Airlines Cargo officially opened the ExpediteTC° cold storage pharmaceutical facility in Philadelphia, Pennsylvania. Strategically placed in the northeast pharmaceutical corridor, this high-tech facility and its specially trained employees are key elements in the effective handling of the sensitive, valuable and potentially life-saving products shipped through the international cold chain. This facility is a continuation of American’s investment in the infrastructure to … [Read more...] about AAC opens cold chain facility in Philadephia
Yusen expands pharma network in Europe
Yusen Logistics announces the expansion of its collaborative network servicing final mile distribution requirements across the whole of Europe and beyond within the healthcare sector. The expanded service manages in-market supply to end users – hospitals, pharmacies, doctors, dentists, wholesalers, vaccination centres in eight countries initially: Austria, Denmark, France, Italy, Spain, UK, Germany, Belgium, and Poland expected to follow later in the year. Healthcare manufacturers are … [Read more...] about Yusen expands pharma network in Europe
