Business
Volkswagen Group of America, Inc. (VWGoA) announced Port Freeport as the new major Gulf Coast hub for its future vehicle logistics port operations, in collaboration with Port Freeport and developer PRP and KDC. With a 20-year lease agreement, Volkswagen Group of America aims to further improve vehicle logistics efficiency and increase importation capacities to serve nearly 300 dealers in the United States.
The new port facilities are set to be operational ...
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Agility announced that its venture capital arm, Agility Ventures, has invest in Loop Global, a US-based leader in the development of hardware and software for electric-vehicle (EV) charging stations and networks.
Loop, which operates in all 50 U.S. states and more than 15 countries, said it ...
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The Suez Canal Economic Zone announced that it has signed a contract with Agility, a supply chain services, infrastructure and investment leader, to develop and operate a customs and logistics center in the Suez Canal Economic Zone.The agreement with Agility was signed during the Egyptian-Kuwaiti ...
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The first-ever fully electric commuter plane “Alice” from Eviation Aircraft has successfully completed its maiden flight at Moses Lake, WA.Alice lifted off on September 27 from Grant County International Airport (MWH), flying for a total of eight minutes and reaching an altitude of 3,500 feet.“Our ...
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Kintetsu World Express will reduce around 5% of its total CO2footprint of transported airfreight with Lufthansa Cargo for one year. Kintetsu World Express has committed to using Sustainable Aviation Fuel in the period from October 2022 to September 2023. In addition, the company has decided ...
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Saudia Cargo is working with IATA to work on its Center of Excellence for Independent Validators for Pharmaceutical Logistics (CEIV Pharma) Certification, the global standards in the safe and secure air transportation and handling of pharmaceuticals.For the next few months, Saudia Cargo will continue rigorous ...
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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 ...
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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 ...
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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 ...
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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 ...
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