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
Two Chinese musketeers
In an alliance between a local and an overseas player, Quanzhou Ansheng Shipping and China United Lines (CU Lines), have assigned twelve large vessels of over 20,000 teu. The units will be deployed on both transpacific and Asia-Europe lanes. After entering into the... 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
Cosco going the whole hog
Cosco Shipping is preparing another major investment. The Chinese carrier is to spend USD 4.9 billion on expanding its fleet in order to rise in the rankings and improve its position among the major global shipping companies. The group will invest the funds from 2023 to 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
Second ULCV for Evergreen is on
The Taiwan-headquartered carrier Evergreen Marine has taken delivery of the second 24,000 teu containership from Hudong-Zhonghua Shipbuilding. The mega container ship “Ever Aria” follows its sister ship “Ever Alot” delivered in June this year. Both newbuilds have been flagged in... more
What crisis? It’s an opportunity!
In conversation with Nurgül Karabaki, LAM’s airfreight business development manager. Turkey’s skies are full of airfreight activities. Might the Iata World Cargo Symposium, which was scheduled to take place in Istanbul in 2020, return to the Bosphorus again next year? The... more
Hactl ups DG training standards
Hong Kong Air Cargo Terminals Limited (Hactl), which gained the status as an ‘Iata accredited training school’ in 2003, has become the first cargo terminal operator in Hong Kong to achieve Iata’s new competence-based training and assessment (CBTA) centre certification.Following... more
Inspiring young logistics professionals
Karina Perez Perez, the finalist from Fiata’s Americas region, representing the Canadian International Freight Forwarders Association (Ciffa), is 2022’s top ‘Young Logistics Professional’.The International Federation of Freight Forwarders Associations (Fiata) and TT Club, an... more
Ore enrichment plant travels more than 5,000 km
RZD Logistics (RZDL) recently successfully handled a special transport for a mining plant in Eastern Siberia (Russia), delivering an ore enrichment plant with a diameter of over 4 m. The cargo was transported by road from the production site in the Moscow region to... more