Logistics startup Raft, formerly known as Vector.ai, completed its series B funding round on 11 July, raising $30 million in investment, which the company has earmarked for R&D. Founded in 2017, the company helps key players in the logistics industry apply AI or artificial intelligence to their daily tasks and customer interactions. Its intelligent logistics platform helps automate the execution of over 300,000 shipments each month Raft said the fresh capital infusion will be used to … [Read more...] about AI-first Raft earmarks US$30m funding for R&D
cargo flights
Jettainer delivers fire-resistant ULDs to Lufthansa
Jettainer has rolled out the first batch of AMX fire-resistant unit load devices which were sourced from American ULD manufacturer Satco Inc. Lufthansa will be the first to use these fully certified fire-resistant containers, which were designed in accordance with the latest Technical Standard Orders (TSO) C90e specifications defined by the Federal Aviation Authority. Manufacturer Satco said its main focus is to improve ULD safety and one of the areas it has zeroed in is the safe transport … [Read more...] about Jettainer delivers fire-resistant ULDs to Lufthansa
Dronamics obtains IATA and ICAO codes
Dronamics is reinforcing its position in international aviation and has solidified its claim as world's first cargo drone airline as it announced that it has secured both IATA and ICAO designator codes on 14 July. Dronamics has been assigned the IATA designator code ‘OY’, along with the accounting prefix 651. The IATA 2-letter airline designator code will be used to establish flight numbers for both scheduled and non-scheduled flights, providing standardised identification across its … [Read more...] about Dronamics obtains IATA and ICAO codes
SATS, SingPost eye faster e-commerce transport
e-commerce in Southeast Asia is set to grow over the next few years in Singapore and Indonesia, according to industry estimates, and with this in mind, SATS Ltd and Singapore Post Limited recently signed a memorandum of understanding (MOU) on 4 July to explore a partnership that will potentially see a state-of the-art e-commerce trans-shipment hub in Singapore. Under the agreement, SATS and SingPost have committed to providing ‘equal shares’ of resources to engage operational and commercial … [Read more...] about SATS, SingPost eye faster e-commerce transport
Teleport welcomes brand new A321 freighter
Teleport, the logistics venture seeded by Capital A, is looking to dominate Southeast Asia's air freight maket as it officially inducted its first Airbus A321 freighter (A321F) into its fleet on 12 July. The new cargo aircraft, based out of Kuala Lumpur, is the first of three aircraft to be delivered to Teleport and it is expected to strengthen the company’s position in Southeast Asia, in terms of cargo volume. Teleport said the A321F’s flight range gives it access to over 80 destinations … [Read more...] about Teleport welcomes brand new A321 freighter
What are air cargo community systems? – Part 2
Airports and ports, with some still stuck behind legacy systems, can be prone to unwanted downtime and outages that can have severe economic damages for operators. In a highly fragmented setup, logistics and transport service providers need a secure way to communicate and monitor shipments to operate with better efficiency. It also needs to be sustainable. In a 2-part series, Payload Asia talks to the bosses at Nallian and Kale Logistics Solutions to find out how air cargo community systems can … [Read more...] about What are air cargo community systems? – Part 2