Deutsche Post DHL group is in heaven 
In 2021, Deutsche Post DHL Group generated revenues of EUR 81.7 billion, an uptick of 22.5% compared to 2020. Earnings almost doubled to EUR 8.0 billion (2020: EUR 4.8 billion) and the ebit margin increased to 9.8% (2020: 7.3%). Consolidated net profit after deduction of... more
Tidewater expands offshore services
Banyan Overseas, a subsidiary of Hong Kong-based Swire Pacific, has entered into a sale and purchase agreement with Tidewater, a company listed on the New York stock exchange. The subject of the deal is the sale of 100% of interest in Swire Pacific Offshore. The transaction... more
Finnair finds ways to Asian cargo hubs
Finnair is updating its traffic programme after the closure of Russian airspace. With cargo prices still rising, the company can continue its passenger services to its key Asian markets despite the longer flight times. Finnair is still serving Seoul and Shanghai from its... more
Teleport goes live on Webcargo this month
Teleport, the logistics venture of Capital A (formerly Air Asia Group), will soon go live on Webcargo, enabling easier and faster digital access to Teleport’s fleet capacity to over 3,000 global freight forwarders around the world. Since 2020, Teleport has built up a... more
A new low in reliability on the seas
Copenhagen-based Sea-Intelligence has analysed the schedule reliability figures up to and including January 2022. As expected, schedule reliability lost again to reach 30.9% "the lowest ever global schedule reliability since Sea-Intelligence started the measure in... more
Cebu Pacific selects Swissport in Japan
With recent contract wins in Osaka (KIX) and Fukuoka (FUK), Swissport is now supporting Cebu Pacific, a Philippines-based low-cost airline, in an exclusive partnership at all Japanese stations. Swissport has been providing airport ground services and air cargo handling for Cebu... more
Maersk chooses Hasan Faraz
Maersk has appointed Hasan Faraz as its new managing director, Maersk Pakistan. He began his career at Maersk in 2002 through the company’s international shipping education programme (MISE). Since then, Faraz has held several positions in various functions within Maersk and... more
Nippon Express goes for Delhi Airport
Japan-headquartered freight forwarder Nippon Express (NE) India recently opened a logistics centre in the cargo area of Indira Gandhi International Airport in Delhi. So far, NE India has transported the cargo collected from its customers directly to the airlines or stored it... more
ITJ exclusive: Qatar Airways flies for Cainiao
Following the recent expansion of its business with Atlas Air, Cainiao, the logistics arm of Chinese e-commerce giant Alibaba, will fly goods from Hong Kong to São Paulo-GRU via Doha on B777 freighters operated by Qatar Airways Cargo. The service will begin tomorrow, 5 March... more
Big commitment for widebody conversions
Air Transport Services Group (ATSG), a US lessor of freighter aircraft, has committed to a total of 29 A330 passenger-to-freighter conversion slots with Elbe Flugzeugwerke (EFW), German centre of excellence for Airbus freighter conversions and a joint venture between Singapore's... more