Deutsche Post DHL Group has completed its US$315.5 million acquisition of UK Mail. Both EU and UK regulatory bodies gave the green light for the deal in late 2016 and the companies have moved to cancel the listing of UK Mail Group plc shares, amend the company’s Articles of Association and will add UK Mail’s operations to the European parcel network of Deutsche Post DHL Group. The move is aimed at strengthening DHL's presence in the UK e-commerce market. “This acquisition will deliver … [Read more...] about Deutsche Post DHL completes UK Mail acquisition
air freight
ATSG acquires P2F specialist PEMCO
Air Transport Services Group, Inc. said its subsidiary, Airborne Maintenance and Engineering Services, Inc. (AMES), has acquired PEMCO World Air Services, Inc., a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions. Financial details of the acquisition were not revealed by ATSG, but the group did say that no PEMCO debt was assumed in connection with the acquisition. ATSG said the acquisition … [Read more...] about ATSG acquires P2F specialist PEMCO
Toll’s Paul Coutts to head Singapore Post
Toll Global Forwarding, Paul Coutts, has been appointed to the position of Group CEO of Singapore Post (SingPost) and also as a non-independent Director member of its Board, effective 1 June 2017. Coutts takes over from Wolfgang Baier who submitted his surprise resignation in early December 2016. In a statement, the chairman of SingPost, Simon Israel, said: “The SingPost Board is delighted to announce Paul's appointment as Group CEO. Given his seniority and the experience he brings from an … [Read more...] about Toll’s Paul Coutts to head Singapore Post
Road and Belt boost with new China-UK cargo rail link
China has kicked off a new rail-freight service to Britain as part of President Xi Jinping’s efforts to strengthen trade ties with Europe. The first train departed Yiwu in eastern Zhejiang province on 1 January and will cover more than 12,000 kilometers in about 18 days before reaching London, China Railway Corp. said in a statement according to Bloomberg. The service, carrying garments, bags and suitcases among other cargo, will pass through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium … [Read more...] about Road and Belt boost with new China-UK cargo rail link
Qatar Cargo boosts freighter capacity to South America
Qatar Airways Cargo is to begin a twice-weekly B777 freighter service from Doha via Luxembourg to Buenos Aires, Sao Paulo and Quito with a return via Miami. With the recent delivery of its 11th B777 freighter, the new operation will complement the airline's daily bellyhold capacity to Sao Paulo, Buenos Aires and Miami. The company said major commodities out of Sao Paulo, Buenos Aires and Quito would be fresh flowers, perishables and pharmaceuticals, while imports are expected to include … [Read more...] about Qatar Cargo boosts freighter capacity to South America
Cathay’s Cargospot cutover complete
CHAMP Cargosystems has successfully implemented their Cargospot suite of solutions for Cathay Pacific to their worldwide cargo operations. The airline set out to select a technology partner and a new IT solution that will set unprecedented standards in reliability, efficiency and adaptability, and meet Cathay Pacific’s cargo automation needs for many years to come. The CHAMP Cargospot solution suite selected by Cathay Pacific fulfills the business needs of over 130 … [Read more...] about Cathay’s Cargospot cutover complete
