Maersk Air Cargo is responding to increasing customer demand with a new scheduled service between Billund, Denmark (BLL) and Hangzhou, China (HGH). The company said the inaugural flight, which took off on 20 March, marks the first scheduled air cargo operation between Denmark and Asia. Maersk will operate three scheduled flights each week using the Boeing 767-300 freighter recently purchased, and all Europe-China flights will be operated by Maersk Air Cargo. Maersk opened its air … [Read more...] about Maersk starts Euro-China air freight service
e-commerce logistics
Atlas Air goes private with new owner
Publicly traded cargo carrier Atlas Air has delisted from the Nasdaq stock exchange after an investment group led by Apollo Global Management completed the acquisition of the US aircraft lessor and charter airline operator, on 17 March. The acquisition was announced in August 2022, and as a result of the completed privatization, Atlas Air Worldwide’s common stock no longer trades on the NASDAQ stock exchange. Joining Apollo as new owners are J.F. Lehman & Company and Hill City Capital. … [Read more...] about Atlas Air goes private with new owner
Cainiao teams up with CJ Logistics in South Korea
Cainiao Network has partnered with Korean company CJ Logistics to streamline and optimize cross-border logistics services between China and South Korea. The partnership aims to accelerate deliveries between the two countries to as fast as three days, with deliveries on Sundays. The two plan to do this by combining their expertise in domestic warehousing, line haul transportation and first mile network. Both parties are also in the midst of discussions with AliExpress to establish fulfillment … [Read more...] about Cainiao teams up with CJ Logistics in South Korea
Geodis grows in China with new Shanghai facility
GEODIS is looking to bolster its contract logistics services in China as the French transport and logistics operator signed a 10-year lease agreement with PRD Group for a 20,000-sqm multi-user facility in Minhang district, Shanghai. The facility which will offer improved storage and inventory processing is slated to open in July. The new facility will include a state-of-the-art storage system, consisting of mezzanine flooring, very-narrow-aisle pallet racks, and autonomous guided vehicles … [Read more...] about Geodis grows in China with new Shanghai facility
Saudi’s newest carrier to fly with all-Boeing fleet
Saudi's latest airline Riyadh Air on 14 March announced a multi-billion deal with US manufacturer Boeing with an order of up to 72 Boeing 787-9 Dreamliner airplanes. This unprecedented order coming from the new airline, comprising 39 confirmed aircraft with an option to acquire 33 more of the same type, could reflect a strong signal of Saudia Arabia’s intent to become a global aviation hub. The new airline was officially launched earlier last week and could serve as a lever to help fulfill … [Read more...] about Saudi’s newest carrier to fly with all-Boeing fleet
Dachser expands in Oceania with acquisition
Dachser is expanding its air and sea logistics (ASL) network in Australia as it acquired Melbourne-headquartered air and sea freight forwarder ACA International. Founded in 1982, the privately owned company has two additional offices in Australia, Sydney and Brisbane,as well as offices in Auckland, Wellington, and Hamilton in New Zealand. It’s also present in the US with a branch office in Kansas City, as well as in China, but Chinese locations are not part of the acquisition, Dachser … [Read more...] about Dachser expands in Oceania with acquisition
