SEKO Logistics has completed its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border ecommerce experts, Air-City, Inc. Similar to the purchase of GoodShip International Inc., which added depth and expertise to SEKO’s corporate gateway operation in Chicago, Air-City will immediately add additional resources and growth to SEKO’s key New York region. The investment represents the latest phase of SEKO’s program to accelerate its strategic … [Read more...] about SEKO Logistics acquires Air-City, Inc.
Air Forwarding
Enhancements to FedEx International First service helps Asia Pacific businesses connect faster to more markets
FedEx Express, a subsidiary of FedEx Corp (FDX) and the world’s largest express transportation company, helps Asia Pacific businesses connect to global opportunities faster with 14 new Asia-Pacific origin markets for FedEx International First® to the U.S. and Canada, bringing the total to 25 Asia-Pacific origin markets. As the fastest option within the FedEx international network, FedEx International First is a premium time-definite, customs-cleared and door-to-door express service … [Read more...] about Enhancements to FedEx International First service helps Asia Pacific businesses connect faster to more markets
Top five AI trends in shipping for 2020
The buzz around artificial intelligence (AI) continues to proliferate, with shipping companies beginning to explore AI’s potential in predictive maintenance, intelligent scheduling and real-time analytics. GlobalData’s ship technology writer Alexander Love looks at five specific areas set to benefit from artificial intelligence in 2020: Automated processes at shipping terminals The shipping industry is growing in confidence at AI technology’s capacity to run … [Read more...] about Top five AI trends in shipping for 2020
Munich Airport reports 10th consecutive record-setting year passenger figures
In 2019, Munich Airport’s total traffic increased by 1.7 million, or 4 percent, to 47.9 million passengers. That was the largest increase posted by any German airport last year. For the Bavarian hub, this result represents the tenth consecutive record-setting year for total passenger traffic. The number of take-offs and landings was up by around 1 percent to over 417,000 aircraft movements. Airlines substantially increased the number of destinations served especially in the intercontinental … [Read more...] about Munich Airport reports 10th consecutive record-setting year passenger figures
Pratt & Whitney appoints new MD for India
Pratt & Whitney, a division of United Technologies Corp. (UTX), announced the appointment of Ashmita Sethi to the position of Managing Director for India. As Pratt & Whitney’s senior-most in-country leader, Ms. Sethi will provide strategic direction for the Company’s growth and business goals in India, and o drive all of Pratt & Whitney’s operations in India, including customer relations and support, the company’s Customer Training Centre in Hyderabad, .Communications … [Read more...] about Pratt & Whitney appoints new MD for India
FedEx Corp. reports second quarter results
FedEx Corp. reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2020 Fiscal 2019 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $17.3 billion $17.3 billion $17.8 billion $17.8 billion Operating income $554 million $684 million $1.17 billion $1.33 billion Operating … [Read more...] about FedEx Corp. reports second quarter results
