Kuwaiti logistics provider Agility last week finalized its £763 million acquisition (or around US$932.1 million) of UK-based John Menzies PLC, merging it with its subsidiary National Aviation Services. Once integrated, the combined company will provide air cargo services, fuel services and ground services and will carry the Menzies Aviation brand with Menzies Aviation CEO, Philipp Joeinig, becoming the CEO of the combined company. With combined revenues (Menzies and NAS) exceeding … [Read more...] about Agility seals Menzies acquisition
express logistics
Kerry Logistics ramps up US freight service via HSV
Kerry Logistics is ramping up capacity in its controlled network with four weekly charter flights from Hong Kong (HKG) to Huntsville (HSV) in Alabama.. Weekly direct flights from HKG to HSV are scheduled on Mondays, Tuesdays, Thursdays and Sundays. These are supported with B2B, B2C and B2B2C door-to-door services to different cities in the Americas, including Chicago, Los Angeles, New York, Miami, Bogota, Mexico City, Santiago, Lima, and Montevideo. One highlight of this service is its … [Read more...] about Kerry Logistics ramps up US freight service via HSV
Ex-IATA finance staff joins CargoAi team
Two ex-IATA colleagues from different parts of the globe have joined CargoAi as the company looks to blaze a trail for financial solutions in the air cargo industry. Veronica Ibarra, former global billing operations manager at IATA, will join the cargo booking platform from Miami as vice president of operations, whilst Asako Sakurai, who was previously the settlement operation manager for Asia Pacific at IATA, will become head of finance, based in Singapore. Both have worked for over a decade … [Read more...] about Ex-IATA finance staff joins CargoAi team
Air China picks WFS to handle its 777Fs at LGG
Air China has started a new three-year cargo and ramp handling agreement with Worldwide Flight Services (WFS) in Liege (LGG), Belgium. The airline operates four Boeing 777 freighter flights a week to Liege (LGG) from Hangzhou Xiaoshan International Airport (HGH), the capital of Zhejiang Province, returning to China via Madrid. WFS expects to handle over 14,000 tonnes of cargo for Air China in the first year of the new contract, rising to over 23,000 tonnes with expected increases in flight … [Read more...] about Air China picks WFS to handle its 777Fs at LGG
FedEx to expand operations at Guangzhou hub
FedEx Express announced last week it has signed an agreement with Guangdong Airport Authority Logistics Company to expand and upgrade the FedEx Guangzhou Gateway by establishing a new operations center at Guangzhou Baiyun International Airport. The new ‘FedEx South China Operations Centre’ will cover an area of over 41,000 square metrers, more than double the size of its existing gateway, and is scheduled for operations in 2027. The facility will connect outbound shipments from southern … [Read more...] about FedEx to expand operations at Guangzhou hub
JD.com buys 361,000-sqft warehouse in the UK
JD.com, a leading supply chain-based technology and service provider, through subsidiary JD Property Group Corporation, has made its first UK transaction with the purchase of a 361,000-sqft warehouse in Milton Keynes from the client of Abrdn. JD Property Group Corporation, which develop logistics and industrial infrastructure, has a combined gross floor area (GFA) of over 200 million square feet under management, with a warehouse network that covers China, Southeast Asia, and Europe. Cen … [Read more...] about JD.com buys 361,000-sqft warehouse in the UK