XPO Logistics has completed the first of two phases in its US$3.53 billion acquisition of France's Norbert Dentressangle. Norbert Dentressangle’s founder and his family divested their 67 per cent share of the company to XPO at price of 217.50 euros per share. Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We're delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the … [Read more...] about XPO acquires Norbert Dentressangle
Air Forwarding
IATA to help build new Mexico City airport
The International Air Transport Association (IATA) and Mexico’s Ministry of Communications and Transportation signed an MOU in which IATA will provide technical and operational assistance for the design and construction of Mexico City’s new airport. The agreement also encompasses IATA offering technical and professional advice for the current Mexico City airport to ensure it continues to operate efficiently until the new facility is completed around 2020. Tony Tyler, IATA’s … [Read more...] about IATA to help build new Mexico City airport
SkyLease Cargo applies for HK rights
North Carolina-based SkyLease Cargo has applied to the US Department of Transportation (DOT) for exemption authority to operate scheduled cargo (property and mail) flights between the US and Hong Kong via intermediate points and beyond to points in third countries. The carrier said it intends to operate a 2x weekly service from Miami International to Hong Kong Chek Lap Kok via Tokyo Narita and returning via Anchorage Ted Stevens. It does not intend to carry local Tokyo-Hong Kong traffic. … [Read more...] about SkyLease Cargo applies for HK rights
MASkargo starts freighter service to Dhaka
MASkargo has commenced its twice weekly A330F freighter service to Dhaka, Bangladesh. This is part of its expansion initiatives in the South Asian market. MH6246 will be operating into Hazrat Shahjalal International Airport every Monday and Wednesday. In addition to the current belly hold capacity available on Malaysia Airlines passenger aircraft, the new freighter route will provide 120 tonnes capacity to Bangladesh’s thriving agricultural and manufacturing exporting industry. … [Read more...] about MASkargo starts freighter service to Dhaka
IATA: Airfreight momentum slows
The International Air Transport Association (IATA) released data for global air freight markets showing a 3.3 per cent increase in cargo volumes (freight tonne kilometers or FTKs) in April 2015 compared to April in the previous year. While there is growth compared to the same month in 2014, there has been no actual growth in aggregated global cargo volumes since late last year. At a regional level, only the Asia-Pacific and Middle Eastern airlines reported growth in April. North American … [Read more...] about IATA: Airfreight momentum slows
ICAT opens LA facility
ICAT Logistics Inc. (ICAT), an agency-based freight forwarder in the US, has expanded its agency partner programme with the signage of its Los Angeles (LAX) partner. In addition to joining the programme, Erik Jolliff, agency owner, has relocated their headquarters facility to Rancho Domingo, California in order to better accommodate their future advancement expectations with ICAT’s added support and infrastructure. The new office is located at 3000 E. Las Hermanas Street, Rancho … [Read more...] about ICAT opens LA facility
