SingPost has acquired a 90 per cent stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd. Famous Holdings has paid an initial consideration of NZ$3.6 million (US$2.82 million) for the stake and certain debts owing by FPSNZ to the vendors. A potential earn-out consideration of effectively up to NZ$4.4 million based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to … [Read more...] about SingPost acquires 90% stake in Famous Pacific
air freighting
Lufthansa Cargo reports 2.7% dip in 2014 volumes
Despite a slight decline in transported cargo volume, Lufthansa Cargo said it was able to maintain its capacity utilisation last year with a cargo load factor of 69.7 per cent (2013: 69.9 per cent). Faced by tough competition, the cargo airline transported around 1.7 million tonnes of freight and mail in 2014, posting a slight year-on-year decline of -2.7 per cent. In the past financial year, Lufthansa Cargo focused on a flexible and demand-driven management of its capacities with the aim of … [Read more...] about Lufthansa Cargo reports 2.7% dip in 2014 volumes
Radiant expands distribution-by-air network
Radiant Logistics expands its distribution-by-air network to Los Angeles, California. The company said the new location will leverage Radiant's robust technology platform, purchasing power and global network to provide a comprehensive level of domestic and international freight forwarding and logistics services. Kelli Spiri and David Frear will lead DBA-Los Angeles and leverage their over 50 years of combined experience in servicing their diversified base of domestic and international … [Read more...] about Radiant expands distribution-by-air network
Swiss, Cargologic and SATS form quality alliance
Swiss WorldCargo and its partner ground handling companies Cargologic and SATS have concluded a memorandum of understanding (MoU) aimed at further enhancing their cargo handling and information services. The MoU, outlines the basis for the partners’ future collaborations and alignments in areas such as quality, e-initiatives, temperature-controlled transport management and specialised handling solutions. The new agreement establishes a ‘quality alliance’ among … [Read more...] about Swiss, Cargologic and SATS form quality alliance
IAG launches Cargo Connector in San Franciso
IAG Cargo has launched its Cargo Connector service in San Francisco, the 10th city on IAG Cargo’s global network to receive the service. At no additional cost, freight forwarders in San Francisco can now opt to have IAG Cargo collect and courier deliveries of less than 300 kilos direct from their premises to the airport. IAG said the service at San Francisco International will benefit a significant amount of IAG Cargo customers, 95 per cent of whom are based within a 5 mile … [Read more...] about IAG launches Cargo Connector in San Franciso
TIACA calls for risk-based approach to security
TIACA members have been advised that recently released updates to Security Programs for all-cargo aircraft in the US must be implemented by 16 February 2015. The updated Security Programs, issued by the US Transport Security Administration (TSA) on 29 December 2014, affect all US and non US-based freighter aircraft operators within, into, and out of the US. “The timing of the announcement over the holiday season, and the short implementation period are not ideal,” said Doug … [Read more...] about TIACA calls for risk-based approach to security
