Locad – the leading smart digital logistics engine empowering consumer brands with its Cloud Supply Chain-As-a-Service for global distribution – announces its $9 million Pre-Series B fundraise. The round was co-led by Global Ventures and existing investor Reefknot Investments. Other participating investors include Sumitomo Equity Ventures and existing investors Antler Elevate; Febe Ventures; and JG Summit. The new funding will accelerate Locad's international expansion, starting with UAE … [Read more...] about Locad raises $9m for smart digital logistics engine to expand globally
air freight services
HSBC, Cathay Pacific, and EcoCeres partner for major sustainable aviation fuel initiative in Hong Kong
HSBC Hong Kong, Cathay Pacific and EcoCeres are launching a significant initiative to support the use of sustainable aviation fuel (SAF) in Hong Kong. By bringing together Hong Kong’s largest bank, its home airline, and a leading Hong Kong-based SAF producer, the collaboration aims to support a key innovation for the long-term decarbonisation of air travel and foster a local SAF ecosystem for Hong Kong. HSBC Hong Kong is entering into a one-time purchase agreement for around 3,400 metric … [Read more...] about HSBC, Cathay Pacific, and EcoCeres partner for major sustainable aviation fuel initiative in Hong Kong
Blockchain-powered digital book and claim solution Avelia expands to air freight sector
Avelia announced its expansion into the air freight sector with Avelia Air Freight Solutions. With proven success in business travel - delivering over 18 million gallons of Sustainable Aviation Fuel (SAF) and abating more than 165,000 tonnes of CO2e, the equivalent of over 290,000 passengers flying from London to New York - Avelia's blockchain-powered platform is now addressing a critical need in air freight. With freight forwarders and their shipping customers seeking to reduce greenhouse gas … [Read more...] about Blockchain-powered digital book and claim solution Avelia expands to air freight sector
ECS Group announces Adrien Thominet’s appointment to TIACA Board of Directors
ECS Group is delighted to announce the appointment of Adrien Thominet, Executive Chairman of ECS Group, to the Board of Directors of The International Air Cargo Association (TIACA). Representing global GSAs, he brings decades of leadership and innovative contributions to the air cargo sector. Thominet began his career with ECS Group in 1995 as Commercial Manager, later advancing to Chief Operating Officer in 2011 and ultimately Executive Chairman. Under his leadership, ECS Group has become … [Read more...] about ECS Group announces Adrien Thominet’s appointment to TIACA Board of Directors
Lufthansa Cargo’s subsidiary time:matters and Shenzhen Airport Group Co. Ltd. strengthen collaboration regarding logistics handling services
Lufthansa Cargo’s subsidiary time:matters GmbH and Shenzhen Airport Group Co., Ltd. have agreed to deepen their relationship with a focus on logistics handling services. Shenzhen Airport, located in the Guangdong-Hong Kong-Macao Greater Bay Area, is a key player in the e-commerce industry, experiencing a significant increase in air transport volume for cross-border e-commerce. Lufthansa Cargo has been operating a scheduled freighter connection between Shenzhen and Frankfurt twice a week since … [Read more...] about Lufthansa Cargo’s subsidiary time:matters and Shenzhen Airport Group Co. Ltd. strengthen collaboration regarding logistics handling services
Passenger and cargo traffic continue to grow steadily at HKIA in October
Airport Authority Hong Kong (AAHK) released the air traffic figures for Hong Kong International Airport (HKIA) for October 2024. During the month, HKIA handled 4.55 million passengers and 31,625 flight movements, representing year-on-year increases of 21.3% and 20.3%, respectively. Traffic growth remains steady in all passenger segments. Hong Kong residents, visitors, as well as transfer and transit passengers, experienced double-digit year-on-year increases in October. Traffic to and from … [Read more...] about Passenger and cargo traffic continue to grow steadily at HKIA in October
