Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have
Freight
Air Canada Cargo to modernize its Edmonton facilities
Air Canada broke ground today on a new facility that will house its ground support equipment service and cargo teams at Edmonton International Airport (YEG). The new, 4,645-square-meter facility being built by Terracap Group is set to open in September 2019. Air Canada has signed a 15-year lease for the multi-tenant
Turkish Cargo prepares for ‘Mega Hub’ at Istanbul New Airport
Turkish Cargo adds Mexico City to network
Turkish Cargo is adding Mexico City (MEX) to its freighter flight network – its eighth Latin American destination, and 19th destination in the Americas. Beginning Oct. 3, the carrier will operate twice-weekly 777F flights to Mexico City International Airport (MEX). The first flight connects the carrier’s Istanbul (IST) hub to MEX
DHL Freight letting customers specify delivery dates
Freight EuroConnect shipments can be stored up to five business days. DHL Freight announced Wednesday that effective immediately it is offering customers throughout Europe a fixed delivery day (FDD) service for its Freight EuroConnect product. The new service allows a customer to hand over a shipment to the DHL Freight network as
New York Polishes Freight Transportation System
Floating Freight Barge Train Rail Line-New York New Jersey Rail-65th Street Rail New York City plans to overhaul its ageing freight distribution systems through strategic investments to modernize maritime and rail assets and create new distribution facilities. Freight NYC is a $100-million plan with the ultimate goals of creating nearly 5,000
Third-party logistics providers say they can help deal with truck and driver shortages.
3PLs offer shippers ‘untapped capacity’ As shippers continue to grapple with finding available trucking capacity across the nation, third-party logistics providers (3PL) say they can help ease these burdens in an increasingly challenging market. The trucking industry’s driver shortage does not seem to be letting up, despite companies offering such incentives as
US ports fear tariffs could reduce ship traffic and jobs
Trucks travel along a loading dock at the Port of Long Beach, California. (AP Photo/Marcio Jose Sanchez) Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that
Bayelsa airport ready, SAHCOL inspects facility
The long-awaited Bayelsa State International Cargo Airport is ready, the Managing Director, Bayelsa Airlines, Capt. Henry Ungbuku has said. Ungbuku, who is also the Special Adviser to Governor Seriake Dickson on Aviation, stated this on Wednesday during the visit to the airport in Amassoma by an aviation ground handling service provider,
Ethiopian launches first African freighter service to Miami
Ethiopian-777 freighter. Ethiopian Airlines Wednesday launched the first of two weekly freighter flights between Addis Ababa and Miami creating the first-ever cargo-only route between the African continent and Miami International Airport (MIA). The scheduled flights will operate on a route that includes intermediate stops in Spain, Colombia and Belgium, and all flights