Air Partner sees strong second half results for freight in broker division

UK-based aviation services group Air Partner has reported a “good second half” financial year for its broking division, including “strong results in the US and in freight”. In a trading statement ahead of the end of its current financial year on January 31, the company said: “Air Partner is pleased to report that it has […]

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Baltic Index Drops to 5-month Low on Sinking Capesize Rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell nearly 5 percent on Wednesday to its lowest in over five months due to tumbling capesize rates.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, slid 57 points, or 4.7 percent, […]

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FedEx expands freight forwarding business

FedEx is expanding freight forwarding division, FedEx Trade Networks, with the addition of its speciality logistics and e-commerce solutions businesses from March. FedEx Trade Networks (FTN), which is led by Richard Smith, son of FedEx founder Fred Smith, will include a new company called FedEx Forward Depots, with responsibility for critical inventory and service parts […]

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Maersk, IBM to create JV to develop blockchain-based supply chain platform

LBR Staff Writer Published 17 January 2018 A.P. Moller – Maersk has collaborated with IBM to create a joint venture (JV) for applying blockchain technology to advance global trade and digitize supply chains. Based in New York metropolitan area, the new JV will develop a global trade digitization platform based on open standards, which can […]

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project44 rolls out multimodal integration with MercuryGate TMS

Earlier today, Chicago-based project44, a technology services provider offering standardized, secure Web service API (application programming interfaces) integrations enabling 3PLs and shippers to connect with carriers in real time, said it kicked off what it called an expanded integration into cloud-based transportation management systems (TMS) provider MercuryGate International Inc.’s TMS. One of the main benefits of this integration, […]

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Executive Moves: COSCO SHIPPING International, Hamburg Süd, JAXPORT, Logistyx Technologies and Flexport

Source: Pressmaster/Shutterstock COSCO SHIPPING International announces several appointments; Hamburg Süd names global head of corporate communications; JAXPORT hires director, national container accounts; Logistyx Technologies names CEO; and Flexport appoints VP of people operations.    COSCO SHIPPING International (Hong Kong) Co., Ltd., the investment arm of COSCO SHIPPING (Hong Kong) Co., Ltd., has appointed Wang Yuhang […]

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Maersk and IBM to form global blockchain joint venture  – Canadian Shipper

Copenhagen, Denmark and Armonk, NY — A.P. Moller–Maersk and IBM announced their intent to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology. The aim of the new company will be to offer a jointly developed global trade digitization platform built on open standards and designed […]

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Port of Oakland pitches clean-truck grants to freight haulers

   Port of Oakland officials are making an 11th hour financial pitch to freight haulers in January to get them to take advantage of clean-truck grants under which the State of California is providing millions of dollars for the purchase of new, lower-emission trucks and cargo-handling equipment.    The port said Friday that it’s meeting […]

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SF Airlines continues expansion with new Mongolia route

SF Airlines has added a new service between China and Mongolia that aims to capitalise on the ‘belt and road’ initiative and e-commerce traffic. The SF Express-owned airline said it had launched the service on January 11 utilising one of its B757-200 freighters. The flight will operate on a rotation of: Shenyang-Changchun-Ulan Bator-Shenyang. “In the […]

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Fraport Traffic Figures 2017:  Frankfurt Airport moves 2.2 million metric tons

Fraport’s FRA home-base and Group airports report positive performance Frankfurt Airport (FRA) closed the year 2017 with 6.1 percent growth. More than 64.5 million passengers traveled through Germany’s largest aviation hub. European traffic served as the main growth driver, increasing by 7.4 percent, while intercontinental traffic rose by 4.9 percent. FRA’s cargo throughput (airfreight + […]

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