SWISS WorldCargo, the airfreight division of Swiss International Air Lines Ltd., will launch the first of its new regional Bombardier CS100 cargo planes July 15 to replace its aging fleet of Avro RJ100s.
IATA: Airfreight volumes fall in May
Freight demand decreased or was flat in May across all regions, with the exception of Europe and the Middle East, according to the International Air Transport Association.
Ningbo E-Port offers centralized platform for VGM submission
The Port of Ningbo has partnered with CargoSmart to simplify transmission of container weight data to carriers.
S&P’s take on potential Maersk Group break-up
The rating agency acted negatively to the idea that the A.P. Moller – Maersk conglomerate could potentially choose to divide into separate companies, noting the split could hurt the group’s business diversification.
NIKE CO-FOUNDER AND CHAIRMAN PHIL KNIGHT RETIRES
Nike co-founder and Chairman Phil Knight is retiring and current president/CEO Mark Parker is taking over the board in his place, the company announced last Thursday. Knight will still have involvement with the board as Chairman Emeritus, a position th…
SOCIAL MEDIA TIPS TO INCREASE ECOMMERCE
Now that everyone is almost perpetually online 24/7, social media is currently pivotal in today’s retail scene. These days, businesses are now encouraged to have WiFi in their brick-and-mortar stores and to continuously engage their customers across many online platforms—and it’s not just plain common sense. A research done by …
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CP to lay off 500 track maintenance workers
Canadian Pacific Railway last week began the process of cutting 500 track maintenance workers, a move that has officials with the Teamsters Canada Rail Conference raising concerns about safety, the union group said in a statement.
Saudi Arabia reopens market to U.S. beef
U.S. beef producers and exporters now have access to Saudi Arabian consumers after nearly four years of being shut out of the Middle Eastern market due to the detection of an “atypical” case of “mad cow” disease in 2012.
Drewry anticipates container freight rates will rise
The London-based firm said it projects that container freight rates will rise modestly over the next 18 months from the all-time lows reached recently, but it won’t be sufficient enough to rescue the industry from substantial losses in 2016.
Cargolux CEO Reich to resign due to ‘personal reasons’
Richard Forson, current chief financial officer of the all-cargo airline, will succeed Dirk Reich as president and chief executive officer effective Aug. 1, according to a statement from the company.