The tickets are for flights from Vietnam to New York on Cathay Pacific for around $675 return instead of about $16,000 normally. Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling the mistake a surprise special on New
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Qatar Airways acquires 5 percent stake in China Southern
DUBAI, United Arab Emirates (AP) - Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest-growing aviation markets. Qatar Airways Group said Wednesday the acquisition of additional shares of China Southern supports its overall investment
Early 2018 holiday shopping breaks peak season records
Following on the heels of China’s 11.11 shopping holiday, numbers are out for Black Friday and Cyber Monday. American shoppers kicked off the start of the shopping season in the United States, spending US$24.2 billion shopping online — 23 percent more than what they spent over the same five days in 2017. American
DHL Supply Chain invests in automated technology to combat e-commerce challenges
If you haven’t heard yet, e-commerce is having a significant impact on supply chains worldwide, especially during the current peak-season ramp-up. According to DHL, automation, in the form of robotics, artificial intelligence, self-driving vehicles and other technologies, can be the solution to handling the increase in volume. DHL Supply Chain, a
To meet demand, FedEx increases Memphis to Dubai flights
Amazon will impact U.S. Postal Service, Not FedEx – Fred Smith, CEO & Chairman Of FedEx Corp.
A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration On a recent trip to FedEx’s Asia Pacific headquarters, the company’s CEO stopped by Bloomberg to talk all things trade and Amazon. Fred Smith, founder, chairman and CEO of Memphis-based FedEx Corp.,
IATA reports demand increased only 2 percent in September
September traffic data from the International Air Transport Association (IATA) shows a sluggish 2 percent year-over-year growth in demand, measured in freight tonne kilometers (FTKs) – less than half of the five-year average growth rate of 5.1 percent. The report is essentially on par with the WorldACD’s September analysis, which reported
Ford goes local in India, aims for bigger slice of competitive market
FedEx Acquires Australia’s Manton
Acquisition designed to expand freight forwarding capabilities and connect customers to global markets. FedEx Corp. announced Thursday that it has agreed to acquire Manton Air-Sea Pty Ltd, a provider of logistics services including freight forwarding and customs brokerage solutions headquartered in Sydney, Australia. FedEx said Manton’s capabilities complement and expand its portfolio
