Challenge Group and its subsidiary, Challenge Technic, are pleased to announce the appointment of Petur Thor Gudjonsson as the new Technical Director at Challenge Technic in Reykjavik, Iceland. As its fleet continues to grow and its commitment to excellence deepens, Challenge Group is proud to welcome Petur, who brings over 20 years of invaluable experience in Line Maintenance, having worked with renowned industry leaders such as Air Atlanta, SO Tech, Wow Air, and GMT. His expertise spans … [Read more...] about Challenge Group names Petur Thor Gudjonsson as Technical Director at Challenge Technic
international express delivery
Strategic air-rail-road alliance boosts Liège region’s freight appeal
Liege Airport and Liège Logistics Intermodal (LLI) announced a strategic partnership with the objective of developing a new multimodal air-rail-road hub. This partnership, marked by Liege Airport’s acquisition of a 10 % stake in LLI will enable the development of a new multimodal platform integrating air, rail and road transport modes. Investment and expansion The first phase of this significant project will entail investments of €22 million up to 2030, with the objective of modernisng and … [Read more...] about Strategic air-rail-road alliance boosts Liège region’s freight appeal
Kerry Logistics Network posts 126% growth in profit
Kerry Logistics Network Limited announced the Group’s interim results for the six months ended 30 June 2024. Group’s Financial Highlights Revenue* grew by 10% year-on-year to HK$25,432 million (2023 1H: HK$23,197 million) Core operating profit* increased by 11% to HK$1,200 million (2023 1H: HK$1,078 million) Core net profit* also increased by 5% year-on-year to HK$606 million (2023 1H: HK$575 million) Profit attributable to the Shareholders for 2024 1H was HK$831 million (2023 … [Read more...] about Kerry Logistics Network posts 126% growth in profit
CargoAi accelerates on CargoWALLET with the appointment of fintech veteran Olivier Veyrac
Launched in February 2023, CargoAi’s CargoWALLET has quickly gained traction and today facilitates cargo payments in over 47 currencies. The freight industry’s fastest growing digital enabler has now appointed global payment expert, Olivier Veyrac as its Senior Vice President for CargoWALLET. Over the last 18 months, CargoWALLET has been adopted by 5,000+ Airlines, Freight Forwarders, GHAs and logistic service providers. With CargoWallet, CargoAi freight professionals can now pay from 150 … [Read more...] about CargoAi accelerates on CargoWALLET with the appointment of fintech veteran Olivier Veyrac
Militzer & Münch opens country unit in India
Logistics group Militzer & Münch is on a strategic growth path in Asia: a new country unit in India, registered under the name of M&M Militzer and Muench (India) Private Ltd., started operations on August 5. The new company focuses on air and sea freight – with a particular focus on the pharmaceutical industry and AOG services – as well as project logistics. Militzer & Münch India handles road transportation, air and sea freight, and project logistics for its customers, both … [Read more...] about Militzer & Münch opens country unit in India
Strong air cargo demand growth extends into July, per IATA
The International Air Transport Association (IATA) released data for July 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 13.6% compared to July 2023 levels (14.3% for international operations). This is the eighth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021. Capacity, measured in available cargo … [Read more...] about Strong air cargo demand growth extends into July, per IATA
