September 2022
SATS is to acquire Worldwide Flight Services, the world’s largest air cargo handler from existing owner, Cerberus Capital Management for €2.25 billion.The companies said the combination would create a global air cargo platform with stations across Asia, the Americas, and Europe. Customers will benefit from the combined platform’s broader suite of services, operational best practices, and integrated technology.WFS chief executive Craig Smyth said: “WFS has become the leading global air ...
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American Trucking Associations President and CEO Chris Spear applauded Robin Hutcheson on her confirmation as the seventh Administrator of the Federal Motor Carrier Safety Administration.
“I want to congratulate Robin on her confirmation to this important role,” Spear said. “In her time as Acting Administrator, Robin has been a true partner ...
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The Board of Commissioners unanimously appointed Dan Stahl to lead the Port of Longview as Chief Executive Officer. Stahl has served as the Interim CEO since February. The appointment is subject to the terms of a written agreement to be approved by the Commission at a subsequent meeting.“While serving as ...
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DHL Global Forwarding has inaugurated a new transhipment hub and head office in Johannesburg, South Africa. The sustainable, primarily solar-powered complex was officially opened on September 22.Located in the Sky Park Industrial Estate it provides easy access to “OR Tambo International Airport.”The facility’s temperature-controlled chambers and Good Distribution Practices (GDP)-trained ...
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Nissan North America has chosen the Port of Brunswick, GA, as a new point of entry to serve US markets.“We are pleased that Nissan has chosen the Peach State as its gateway to the Southeast,” said Griff Lynch, executive director of the Georgia Ports Authority. “Brunswick’s central location and superior ...
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National Foreign Trade Council (NFTC) President Jake Colvin issued a statement following reports that the Biden Administration has declined to impose tariffs on rare earth magnets:
"The Biden Administration made the right call today by declining to impose new tariffs on neodymium magnets. Tariffs would have done more harm than good, ...
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The Board of Commissioners of the Port of New Orleans (Port NOLA) elected Jack C. Jensen, Jr. to serve as Board Chairman, succeeding Charles H. Ponstein, whose term as Chairman ended this month. Also elected were Joseph F. Toomy, who will serve as Vice Chairman, and Walter J. Leger, Jr., ...
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The Port of Oakland’s total loaded container volume dropped by 8% in August compared to August 2021. Last month 155,682 loaded TEUs transited the Port, compared to 169,602 TEUs in August 2021.Loaded imports declined by 10.2% recording 87,844 TEUs last month compared to 97,850 in August 2021. Loaded export containers ...
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The Port of Oakland has joined forces with the West Oakland Job Resource Center (WOJRC) to train workers for green jobs in the transportation and logistics industry.WOJRC received a $350,000 grant from the California Energy Commission’s Clean Transportation Program. The Port of Oakland supported WOJRC during the application process and ...
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Rates continue to soften
Global air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first full week, the latest figures from WorldACD Market Data reveal.
Looking at week 37 (September 11 - 18) ...
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