CEVA Logistics - the global contract logistics and freight management group created from the merger of the former TNT Logistics and Eagle Global Logistics (EGL) - has announced plans to invest €6 million on a distribution centre in Brazil during the first half of this year. Th is is in addition to its main Distribution Centre (DC), in Jundia¨ª, in the state of Sao Paulo, Brazil. Th is new addition will double the size of the location, giving it 25 thousand square meters for storing … [Read more...] about €6 million for CEVA's Brazilian expansion
air freight
China's first cargo airline expanding fast with pax aircraft
With a healthy start from its foray into the cargo sector, China's first private sector airline and first carrier to operate dedicated freighters, Tianjin-based OKAY Airways, is now expanding rapidly as itbuilds its passenger capacity. The carrier's cargo fortunes received a boost barely a year after its maiden flight when in April 2006 FedEx awarded a fi ve year contract to OKAY to handle all its domestic sourced cargo. Three B737 freighters are dedicated to this task, according to the … [Read more...] about China's first cargo airline expanding fast with pax aircraft
AMERICAS: UA & Continental could be next
United Airlines and Continental are in advanced negotiations and could complete a merger quickly if Delta and Northwest strike a deal, according to US press reports. Such a deal is expected to trigger more consolidation in the highly competitive airline industry as rivals try to match or out-size Delta-Northwest, which would become the world's largest airline. United, owned by UAL Corp., and Continental must wait for the Delta-Northwest talks to run their course because Northwest can … [Read more...] about AMERICAS: UA & Continental could be next
EUROPE & CIS: A Russian virgin for billionaire Branson
Billionaire Richard Branson plans to start an airline in Russia in order to tap the 10 per cent annual growth of the market there. Th e new carrier will tentatively be called Virgin Russia and could begin operations within 12 months. Th e carrier will initially fly domestic routes, with international routes to be added at a later date. Russia¡¯s economy expanded by 8.1 per cent last year, the fastest pace since 2000 and the country is in its 10th consecutive year of growth. Russian … [Read more...] about EUROPE & CIS: A Russian virgin for billionaire Branson
EUROPE & CIS: Volga-Dnepr carries longest ever shipment
Outsize and heavyweight air cargo specialist, Volga-Dnepr Airlines, has carried the longest ever shipment on board one of its IL-76 freighters - a telescopic slip joint transported from Prestwick in Scotland to Pointe Noire, Congo. Measuring 1,981cms in length and 82cms diameter, the 15,500 kilos slip joint was delivered on board one of the airline's new IL-76TD-90VD freighters on behalf of TransOcean Off shore Deepwater Drilling Inc. It was part of a 22,500 kilos shipment that also included … [Read more...] about EUROPE & CIS: Volga-Dnepr carries longest ever shipment
EUROPE & CIS: "Hard competition" dampens SAS results
Scandinavian carrier SAS Cargo's annual result for 2007 was aff ected by "hard competition in key markets" resulting in a drop in profi ts compared with a year earlier. Turnover for the year was SEK 3,355m (€363m) while profi t came in at SEK 22m (€2.4m). "The air cargo industry has experienced some big changes in recent years, with consolidation among customers and over capacity in key markets," said Kenneth Marx, president and chief executive offi cer of SAS … [Read more...] about EUROPE & CIS: "Hard competition" dampens SAS results
