CHAMP Cargosystems, a leading global IT provider to the air cargo industry, has extended the scope of its Traxon Global Customs (TGC) solution to freight forwarders in light of changing regulations by the Canada Border Services Agency (CBSA). The third phase of the CBSA’s Advance Commercial Information programme (ACI), eManifest, is part of its ongoing efforts to introduce more effective risk management processes. It makes compulsory the advance electronic transmission of … [Read more...] about CHAMP extends Traxon customs reporting
air freight
Brambles sells off CHEP Aerospace to EQT
Brambles, the global supply-chain logistics provider has announced an agreement to divest CHEP Aerospace Solutions, the Groups unit load device (ULD) pooling, management, maintenance and repair provider for the aviation industry, to EQT Infrastructure II, a leading infrastructure fund. The transaction will be finalised in November 2016. Brambles formed CHEP Aerospace Solutions in 2011 following the acquisition and integration of a number of prominent ULD solutions companies. Through … [Read more...] about Brambles sells off CHEP Aerospace to EQT
FedEx Trade Networks expands in Malaysia
FedEx Trade Networks, a premier international freight forwarder, announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to meet the growing market demand. “With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, executive vice president … [Read more...] about FedEx Trade Networks expands in Malaysia
Logistics index hits 14th negative month
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence, with the numbers suggesting this will continue into 2017. “As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time,” the Ti-composed Stifel Logistics Confidence Index said. While the ocean shipping industry continues to struggle with its overcapacity issue the one bright spot at present is the performance of air freight, it … [Read more...] about Logistics index hits 14th negative month
India’s Competition body orders fresh IATA probe
India’s Competition Appellate Tribunal has set aside the findings of the fair trade regulator CCI, which had found that the International Air Transport Association (IATA) and its Indian affiliate had not violated competition norms and directed a fresh probe into the issues. The fresh investigation into IATA’s implementation of the Cargo Accounts Settlement System (CASS) is a long running issue in India and has been vigorously opposed by the Air Cargo Agents Association of India … [Read more...] about India’s Competition body orders fresh IATA probe
Oct a good month for cargo, up 6.2%: WorldACD
WorldACD has reported that the September YoY volume growth of around 5.0 per cent was eclipsed by the 6.2 per cent YoY growth in volumes in October. American and European carriers contributed most to the 3.0 per cent MoM growth in yields (in USD), a higher MoM growth for this month than in previous years. With that yield improvement, October was clearly a good month for air cargo, WorldACD noted. It added that the real growth may even be somewhat understated, as October 2016 had less "good cargo … [Read more...] about Oct a good month for cargo, up 6.2%: WorldACD
