Freight payments platform PayCargo has snagged US$125 million series B investment by global venture capital and private equity firm Insight Partners. The series B round comes nine months after the investor injected US$35 million, and the company said this round of investment will allow them to expand into new markets, with a focus on security and data protection, to fit every part of the supply chain. “The incredible growth PayCargo has experienced since our initial investment is a … [Read more...] about PayCargo raises US$125 million in series B round
cargo aviation
Cainiao adds capacity for Japanese exports to China
Alibaba's Cainiao Network announced a partnership with sea & air freight customs brokerage SGH Global Japan (SGJ) to help Japanese businesses gain better access to the Chinese market, in time for major shopping festivals like the 618 this month and Double 11 in November. “Japan has always been a key market for us,” said James Zhao, General Manager of Cainiao Global Supply Chain. “SGJ has demonstrated extensive logistics capabilities and business connections that will be instrumental in … [Read more...] about Cainiao adds capacity for Japanese exports to China
B&H introduces new engine storage systems in Singapore
Aerospace logistics provider B&H Worldwide is further expanding the scope of its specialist services with the introduction of storage systems for the Trent 700 and Trent XWB engines at its Singapore facility. The company said the system was designed to deliver long-term protection for jet engines in storage and creates a moisture-free, regulated and controlled environment around the equipment regardless of local conditions. “Modern jet engines are built using composite materials and … [Read more...] about B&H introduces new engine storage systems in Singapore
Raya Airways starts B767 freighter services to Nanning
Raya Airways is now the first Malaysian cargo airline to offer freighter services to the southern Chinese city of Nanning in Guangxi, China. The airline will fly four times a week and expects to carry e-commerce products and consumer goods, including perishable items, offering an average weekly load of 30 tonnes up to 40 tonnes, using Boeing 767-200F aircraft. The Malaysian carrier says it plans expand its network to more destinations within Asia Pacific, including within China and other … [Read more...] about Raya Airways starts B767 freighter services to Nanning
Korean Air flies ‘preighter’ to Miami on longest nonstop flight
Korean Air flew its longest non-stop flight since its establishment in 1969 using a passenger plane converted to a freighter. Its cargo flight KE8047, which left Incheon Airport (ICN) on June 12 at 9:14 pm, arrived at Miami Airport (MIA) after flying 13,405 km for a duration of 14 hours and 42 minutes. Korean Air's converted Boeing 777-300ER freighter was used on the direct flight from Incheon to Miami to transport 25 tonnes of Covid-19 diagnostic kits to the Dominican Republic. It … [Read more...] about Korean Air flies ‘preighter’ to Miami on longest nonstop flight
JD Logistics adds air cargo route from Shenzhen to Beijing
JD Logistics has added a new air cargo route from Shenzhen to Beijing. The service, which started on 8 June, will use a B737 freighter to help shorten the fulfillment time in the Beijing-Tianjin-Hebei Area, and the Great Bay Area of Guangdong, Hong Kong and Macau. The new route is operated by China Central Airlines and will fly between the two cities six times a week. The move follows a recently launched China to US service connecting Nanjing Lukou International Airport (NKG) and Los Angeles … [Read more...] about JD Logistics adds air cargo route from Shenzhen to Beijing