Business
Japan Airlines has awarded new online and offline handing contracts to Worldwide Flight Services (WFS) in Europe.The airline has partnered with WFS in Liege to provide cargo handling and ramp transportation for its new weekly Boeing 747 freighter flight from the Belgian airport to Tokyo. In a separate development, Japan Airlines has also extended its offline handling agreement with WFS at Brussels Airport, which sees WFS working closely with the ...
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Kerry Logistics Network Limited is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends ...
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Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. and the remainder in cash.
Uber Freight’s acquisition of ...
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XPO Logistics Inc. announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies.
XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics ...
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Lenovo, a leading manufacturer in connected devices such as laptops, PCs, tablets and smartphones, experienced significant sales growth over the past year despite the constraints imposed on the global economy and restrictions to the supply chain due to the COVID-19 pandemic. GEODIS played a prominent ...
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IAG Cargo, the cargo division of International Airlines Group (IAG), reported strong Q2 revenue amid a confident outlook for the cargo business and in-line with an improved air-cargo market.
IAG Cargo achieved revenues of €419 million from April 1 to June 30 2021; an increase of ...
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For the first time in its history, the Port of Savannah has moved 5.3 million TEUs, growing cargo volumes by 20% in FY2021, or nearly 900,000 TEUs compared to the previous year.“GPA leadership, our employees and our partners across the logistics community put in tremendous ...
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In the first half of 2021, GEODIS achieved revenues of €4,865 million, up +21% compared to 2020 at constant exchange rates and scope of consolidation, resulting from sustained activity recorded in all the Group's business lines and regions.o EBITDA of €458 million, up by more ...
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XPO Logistics, Inc. announced its financial results for the second quarter 2021. Revenue increased to $5.04 billion for the second quarter, compared with $3.50 billion for the same period in 2020. Net income attributable to common shareholders was $156 million for the second quarter, compared ...
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The International Air Transport Association (IATA) released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019). This pushed first half-year air cargo growth to 8%, its strongest first half performance since 2017 (when the industry posted 10.2% ...
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