BAI: air freight volatility remains rife 
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
Rail company expands in Utah
Patriot Rail has finalised the acquisition of short line operator Salt Lake Garfield & Western Railway (SLGW) in Utah, USA, and its related entities Caballero and Caballero, storage and transload service providers. SLGW currently handles more than 6,000 loaded railcars... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
US transport minister resigns
After the events of last Wednesday in Washington DC, US Secretary of Transportation, Elaine Chao, has written the following letter. "Dear Department of Transportation colleagues Yesterday, our country experienced a traumatic and entirely avoidable event as supporters of... more
1,000 charter flights since March 2020
IAG Cargo ended 2020 with the departure of its 1,000th charter flight since March that year. The new service was introduced during the Covid-19 pandemic and utilises aircraft from the group that would, in normal times, not be available. This offering continues to be managed by a... more
Solar energy is cool
Protecting the environment has long been an important issue for Swiss provider Rhyner Logistik. It therefore takes great care to deploy eco-friendly utility vehicles in its transport services. The cooling units used on Rhyner trucks are powered via an auxiliary drive by... more
Bertling appoints head for Houston office
Steve Walter has been appointed general manager of Bertling Logistics’ Houston office. He assumed his position on 1 January 2021. Walter brings a wealth of commercial, operational and management experience from his 23 years in the freight industry to his new role. In his... more
Connecting Silicon Valleys
From tomorrow, 9 January 2021, Air India will operate the first-ever nonstop flights between San Francisco airport (SFO) and Bangalore (Bengaluru), India. The twice weekly B777-200LR service also represents the only nonstop flights between the "Silicon Valley of... more
Amazon buys aircraft
Continuing its fleet expansion, the US e-commerce giant Amazon completed its first-ever purchase of eleven B767-300. The four aircraft purchased from WestJet in March are currently undergoing passenger to cargo conversion and will join Amazon Air’s network in 2021, and the seven... more
Aersale begins first of 24 P2F conversions
Aersale, a major US provider of aviation products and services, has inducted the first of its 24-owned B757-200 for passenger-to-freighter (P2F) conversion at its heavy-MRO centre in Goodyear, AZ, which has been performing such services since 2013. The first aircraft was... more