DHL has reached an agreement to acquire 100 per cent of FC (Flying Cargo) International Transportation, the Tel-Aviv, Israel-based international freight forwarding unit of Flying Cargo Group. The transaction is subject to regulatory approval, and is expected to close in the next few weeks. FC International Transportation has been DHL Global Forwarding’s agent in Israel for many years. The acquisition enables DHL Global Forwarding to establish a strong presence in the Israeli … [Read more...] about DHL acquires Flying Cargo
Air Logistics Asia
STL opens office in S’pore
One of the CIS and Central Asia’s fastest growing freight and logistics service companies, STL, has established an office in Singapore from which it plans to expand its presence in the South East Asia region. “Singapore is one of the world’s leading trading and shipping hubs and our new office will enable STL to provide enhanced services to the CIS and Central Asia for our customers in the region,” said Erlan Dikaenbayev, Managing Director of STL. “Singapore … [Read more...] about STL opens office in S’pore
Menlo aggressive on Asia Pacific expansion
Menlo Worldwide is adopting an aggressive strategy of merger and acquisitions and strategic expansions in key Asia-Pacific markets to reinforce its position in the region as a leading 3PL (third party logistics) player. The company, which is the global logistics subsidiary of Con-way Inc., has earmarked more than US$6.5 million for facility expansions and upgrades in Singapore, Thailand and Malaysia. In June, Menlo Worldwide acquired Singapore’s Cougar Express Logistics for US$34 … [Read more...] about Menlo aggressive on Asia Pacific expansion
Dubai World Central: World¡¯s largest integrated free zone
A highlight for many delegates at the congress was the presentation on the Dubai World Central (DWC) and the Dubai Logistics City (DLC), by DWCCEO Michael Proffitt. Speaking to a packed ballroom, Proffitt extolled the virtues of Dubai World Central - of which DLC is one component - in what surely is the most ambitious integrated lifestyle, logistics and transportationproject in the world. “Dubai is being recognised for its visionary approach in developing a world-unique … [Read more...] about Dubai World Central: World¡¯s largest integrated free zone
FIATA expels two members, elects new president
The International Federation of Freight Forwarders Associations (FIATA) announced that it has decided to expel two of its members because they failed to pay membership fees for the past three years. The Malaysia-based Airfreight Forwarders Association of Malaysia (AFAM) and the Association Marocaine des Transitaires Internationaux of Marocco were expelled because both failed to pay more than US$10,000 in annual membership fees for the past three years. FIATA members pay an annual fee of … [Read more...] about FIATA expels two members, elects new president
Air cargo’s US-dependence will drop as economic power shifts
Speaking on the second day of the congress, Ram Menen, Emirates’ Divisional Senior Vice President Cargo predicted that global trade lanes will change dramatically, likely within the next 20 years as the economic power of Asia and the Indian sub-continent reach their full potential. In particular, Menen highlighted the fact that world air cargo growth is forecast to triple in the next 20 years, fuelled substantially by two key growth regions of the world- India and China. “As … [Read more...] about Air cargo’s US-dependence will drop as economic power shifts
