Europe

Finnair Cargo riding high on its A350-XWBs

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Currently cargo is around 17 per cent of Finnair’s revenues and it’s a part of the airline’s strategic plan of increase that figure, although maybe not to the same levels as some Asian carriers enjoy. One of the biggest prompts for this is the nineteen A350-900s set to join the Helsinki-headquartered carrier’s fleet. Four have already arrived and will be followed by seven this year and eight next. Finnair was the European launch customer for this aircraft and plans for them to go on its Asian … [Read more...] about Finnair Cargo riding high on its A350-XWBs

Yusen expands pharma network in Europe

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Yusen Logistics announces the expansion of its collaborative network servicing final mile distribution requirements across the whole of Europe and beyond within the healthcare sector. The expanded service manages in-market supply to end users – hospitals, pharmacies, doctors, dentists, wholesalers, vaccination centres in eight countries initially: Austria, Denmark, France, Italy, Spain, UK, Germany, Belgium, and Poland expected to follow later in the year. Healthcare manufacturers are … [Read more...] about Yusen expands pharma network in Europe

Yusen expands pharma network in Europe

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Yusen Logistics announces the expansion of its collaborative network servicing final mile distribution requirements across the whole of Europe and beyond within the healthcare sector. The expanded service manages in-market supply to end users – hospitals, pharmacies, doctors, dentists, wholesalers, vaccination centres in eight countries initially: Austria, Denmark, France, Italy, Spain, UK, Germany, Belgium, and Poland expected to follow later in the year. Healthcare manufacturers are … [Read more...] about Yusen expands pharma network in Europe

XPO acquires Norbert Dentressangle

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XPO Logistics has completed the first of two phases in its US$3.53 billion acquisition of France's Norbert Dentressangle. Norbert Dentressangle’s founder and his family divested their 67 per cent share of the company to XPO at price of 217.50 euros per share. Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We're delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the … [Read more...] about XPO acquires Norbert Dentressangle

Forwarders more upbeat about airfreight than sea

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The Stifel Logistics Confidence Index for May indicated some improvements from April’s decline. In particular, the six-month outlook appears bright as airfreight gained 2.8 points to 63.4 and sea freight increased 2.1 points to 62.9. Overall, the total index increased 1.1 points to 57.4. Even though this is down 0.6 points from one year ago, it is still 6.7 points higher than May 2013. Airfreight continues to lead the optimism for both the six-month outlook as well as for the … [Read more...] about Forwarders more upbeat about airfreight than sea

ACI: Slowed air freight growth in March

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According to the latest statistics from Airports Council International (ACI) World, global air freight volumes grew 1.4 per cent for the month of March, although the first quarter saw an overall increase of 4.7 per cent year over year. The slowed growth in March comes after the upsurge in February due to the Lunar New Year and the modal shift towards air transport resulting from congestion at sea ports along the western coast of the United States. Growth rates across the globe were mixed … [Read more...] about ACI: Slowed air freight growth in March