New airport traffic rankings showed the dramatic impact of Covid-19 on different economies. In its preliminary world airport traffic data, Airports Council International (ACI) World saw global passenger traffic at the world’s 10 busiest airports fall 45.7 percent, whilst overall traffic dropped 64.6 percent in 2020, a year that saw a pandemic bring aviation to a virtual standstill. A shakeup in the top airports for passenger traffic seems to reveal the uneven impact of the pandemic and the … [Read more...] about Airport rankings shakeup reveals ‘uneven’ impact of Covid-19
airlines cargo
B&H Worldwide expands Singapore operations
Aerospace logistics specialist B&H Worldwide is ramping up its global expansion by doubling the size of its Singapore operations. The company has set up a new facility at Changi Airport as it aims to grow its business in one of the world’s fastest growing aerospace markets. B&H Worldwide said the new unit, located adjacent to its existing operations within the Airport Logistics Park of Singapore (ALPS) free trade zone at Changi, will enable the company to continue serving customers … [Read more...] about B&H Worldwide expands Singapore operations
Toll Group to sell express unit for US$386 million
Melbourne-based logistics provider Toll Group announced it has agreed to sell its express business to Australian private equity firm Allegro Funds for A$500 million (US$386 million), according to a press release. The Japan Post subsidiary said the move is consistent with its strategy to focus on its logistics strengths in Asia Pacific, particularly in contract logistics and freight forwarding. Also read: ESR Australia to buy logistics assets portfolio for US$3b “We have spent the last … [Read more...] about Toll Group to sell express unit for US$386 million
Turkish Cargo joins Freightos platform WebCargo
Turkish Cargo has signed up with Freightos Group’s WebCargo and is set to start selling capacity on the e-booking platform in Spain and India, with further rollouts to several countries, according to a press release. The airline said that with its shift to e-bookings, more than 20 percent of its global air cargo capacity will now be digitized, providing more than 2,000 forwarders on WebCargo with instant access to capacity and pricing. Also read: Turkish Cargo ramps up its digitalisation … [Read more...] about Turkish Cargo joins Freightos platform WebCargo
UPS ramps up cold storage capabilities in Singapore
Three hundred and forty million doses. That’s roughly how many COVID-19 vaccines are required to inoculate Southeast Asia. As a global aviation hub, Singapore is aiming to help the region achieve that goal by ramping up its cold storage capacity at Changi Airport to become a centre for Covid-19 vaccine distribution for Southeast Asia. UPS aims to support the country’s ambitions by deploying ultra-low temperature freezer farms at its dedicated healthcare logistics facility in Singapore. The … [Read more...] about UPS ramps up cold storage capabilities in Singapore
ESR Australia to buy logistics assets portfolio for US$3b
Hong Kong-listed logistics real estate group ESR has agreed to purchase the largest Australia logistics portfolio of US-based fund manager Blackstone to the tune of A$3.8 billion (US$3 billion). The acquisition of Blackstone’s Milestone Logistics portfolio will be carried out by ESR Milestone Partnership, a newly formed venture between ESR and Singapore sovereign wealth fund GIC, where ESR will contribute 20 percent. The company said the deal, valued at US$3 billion, … [Read more...] about ESR Australia to buy logistics assets portfolio for US$3b