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Daily News Updates  ·  28 October 2023
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28 October 2023

IAG Cargo Q3 revenue at €373 million
Airlines

IAG Cargo Q3 revenue at €373 million

IAG Cargo’s product for perishables, Constant Fresh, saw volumes increase 114% in Q32023 compared to Q32021 Q3 results take IAG Cargo’s year-to-date revenue to €1,216m, ...

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Tonnages, rates stabilise after recovery from Golden Week: WorldACD
Air Cargo Statistics

Tonnages, rates stabilise after recovery from Golden Week: WorldACD

Worldwide average rates are currently 28% below their levels this time last year at an average of $2.38 per kilo Global air cargo tonnages and rates appear to have stabilised a...

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Finnair Cargo moves towards self-sufficient energy production
Airlines

Finnair Cargo moves towards self-sufficient energy production

Finnair Cargo installs an additional 1,790 solar panels to the roof of its COOL Nordic Cargo Hub at Helsinki Airport Finnair Cargo moving towards fully self-sustainable energy ...

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UPS Q3 operating profit down 57%
Logistics

UPS Q3 operating profit down 57%

UPS reported a 13% decline in consolidated revenues at $21.1 billion for Q32023 UPS has reported a 13 per cent decline in consolidated revenues at $21.1 billion for the third q...

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Kuehne+Nagel opens new depot in Turin to strengthen Groupage network
Logistics

Kuehne+Nagel opens new depot in Turin to strengthen Groupage network

New location in Turin (IT) enhances connectivity with France and Western Europe. Kuehne+Nagel has opened a new depot in Turin, Italy, the latest development in its European gro...

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Sterling launches aerospace logistics service for airline operators
Airlines

Sterling launches aerospace logistics service for airline operators

High-level service will be operating 24/7 from a logistics service hub built in Seattle Sterling, a Kuehne+Nagel company, has launched a global aerospace service designed to ex...

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AAHK and Dongguan Port Group to develop HKIA Dongguan Logistics Park
Airports

AAHK and Dongguan Port Group to develop HKIA Dongguan Logistics Park

Airport Authority Hong Kong (AAHK) has signed an agreement with Dongguan Port Group to establish a joint venture for the development of HKIA Dongguan Logistics Park, where the wor...

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Messe München, World Trade Center Miami to jointly organise the conference 
Events

Messe München, World Trade Center Miami to jointly organise the conference 

The first edition of Carga Logistica Americas Summit will take place from October 15 to 16, 2024 in Panama City and will focus on the Latin American market. Messe München and ...

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WFS to grow capacity at New York JFK by 20% in Q1 2025
Airlines

WFS to grow capacity at New York JFK by 20% in Q1 2025

Worldwide Flight Services (WFS), a member of SATS Group, will increase cargo capacity at New York’s John F. Kennedy International Airport (JFK) by 20% in early 2025 with the ope...

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UPS to acquire Happy Returns, a leader in reverse logistics
Logistics

UPS to acquire Happy Returns, a leader in reverse logistics

UPS has announced that it has entered into an agreement to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that enable...

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NX Ireland acquires GDP Certification for company-owned warehouse
Logistics

NX Ireland acquires GDP Certification for company-owned warehouse

Nippon Express (Ireland) Ltd., a group company of NIPPON EXPRESS HOLDINGS, INC., has received Good Distribution Practice (GDP) certification from the Irish Exporters Association (...

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Former Polar Air Cargo executive Robert Schirmer pleads guilty to fraud
Airlines

Former Polar Air Cargo executive Robert Schirmer pleads guilty to fraud

In a recent development, former Polar Air Cargo executive Robert Schirmer has entered a guilty plea, admitting his involvement in an extensive scheme aimed at defrauding the cargo...

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