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
Year: 2018
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
Zero Motorcycles’ 2019 line-up boasts more power and longer range
Zero Motorcycles has made a name for itself by producing electric bikes that appeal to motorcycle enthusiasts as well as alternative fuel fans. Its bikes have been a hit with thrill seekers and commuters alike, and its newly-announced 2019 line-up makes it easy to see why the company is consistently performing
World’s longest sea bridge opens, connecting Hong Kong, Macau
Yesterday, Chinese President Xi Jinping inaugurated the world’s longest sea bridge to connect Hong Kong, Macau and Zhuhai, stretching across the Pearl River Delta. The opening culminated the US$15.3 billion project has been underway since December 2009. The 34-mile span shortens the travel time between the two regions from 3.5 hours to
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
Turkish Cargo prepares for ‘Mega Hub’ at Istanbul New Airport
USPS proposes Amazon pay up to 12 percent more for shipping
Med-View Airline Restructures, Sacks 60 Workers
Nigerian domestic carrier, Med-View Airline, has sacked about 60 members of its staff comprising pilots, engineers and crew members. The workers were said to have been served the termination letters on October 5, with a clause that they would be reconsidered for employment when the situation improves. The Executive Director, Business Development, Med-View
Aviation unions ground activities at Lagos Airport
The Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers on Wednesday left hundreds of passengers stranded as they picketed the Murtala Muhammed Airport Terminal Two. The unions’ officials, who were said to have arrived at
DHL flies medicine via fixed-wing drone to Lake Victoria island
DHL has completed testing of “Deliver Future,” its pilot project to transport medicine using an unmanned aerial vehicle (UAV) to Ukerewe Island in East Africa’s Lake Victoria. Over a six-month period, the fixed-wing “DHL Parcelcopter 4.0” (pictured), which utilizes German drone manufacturer Wingcopter’s tilt-rotor technology, successfully flew a 37-mile route to