Slump across the board? 
Reuters reports that Fedex lost approximately USD 12.5 billion in market capitalisation after it withdrew its original financial forecast on 16 September 2022 and predicted a USD 500 million drop in turnover for 2022. However, some bank analysts did not agree with Fedex’s... more
Continuing to catch up 
Iata ranks leading cargo airlines post Covid-19. Iata’s member airlines improved their air cargo performance when measured in ftk by approximately 18.7% last year, compared to 2020. The improvement vis-à-vis the previous (pre-pandemic) year stood at 6.9%. Some airlines are still... more
Moving to a new site in San Diego
In San Diego, DHL has moved to another facility which is about double the size of the previous location. The integrator spoke of an investment of USD 22 million. The service centre, which is near San Diego International Airport (SAN), is currently the company’s third-largest... more
Kimberly-Clark appoints Tamera Fenske
Kimberly-Clark Corporation has appointed Tamera Fenske to the role of chief supply chain officer, effective 19 September 2022. Fenske will have global responsibilities for procurement, manufacturing, logistics, transportation, safety, and sustainability, as well as the... more
Plans for intercontinental capacity clarified
PSI Air 2007, a Philippine airlines that began flying in 2020, has acquired its first widebody jet, a B777F, to be used in launching in-house intercontinental cargo flights. In its application to the US department of transportation for exemption authority and a foreign air... more
Partnership to improve supply-chain efficiency
RSI Logistics and Madison Railroad are partnering to operate the US short line rail road’s recently acquired 89,000 sqm transload site in Madison, Indiana (USA). The partnership will improve supply chains for local suppliers and shippers, expand the transloading services and... more
Aeronet announces changes at the helm
John Baisey is returning to Aeronet Worldwide as executive vice president, East Region operations. He previously held vice president positions with Aeronet, in strategic business development and global supply chain management, between 2004 and 2013. Peter Dodson has been... more
More capacity for Safran service
The carrier CMA CGM is planning to improve the schedule reliability of its Safran service connecting North Europe with East Coast South America by deploying a ninth vessel with effect from 15 November 2022. The unit will start its journey from Antwerp. At the same time, the... more
An energy drink for ID Logistics
In USA, energy drink specialist Nutrabolt has contracted a subsidiary of ID Logistics to cover the management of logistics and co-packing activities in New York State. The new 21,000 sqm site is the fifth operation the logistics company is running for Nutrabolt. It is located... more
Henry Lamotte Food picks Florian Friedemann
Florian Friedemann (left) has taken over as head of purchasing supply chain at Bremen (Germany)-based food supplier Henry Lamotte Food. Friedemann joins managing director Sebastian Drewes (centre), who was appointed in October 2021, and long-serving head of sales Frank... more