Freight – Page 9 – Moov Logistics News

UPS order for Boeing freighters highlights trade growth

by Casandra Aniemeke - February 5, 2018February 4, 2018 02264

N577UP United Parcel Service (UPS) Boeing 747-44AF photographed at Cologne / Bonn (CGN / EDDK) by Helmut Schnichels Singapore (Reuters) - A recovery in international trade is reviving demand for aircraft once proudly linked to long-haul passenger travel and now mainly dependent on hauling cargo to stay in production. The upturn underscores

UPS posts $1.1 billion profit for 4Q on high online shopping

by Casandra Aniemeke - February 2, 2018February 1, 2018 01856

Dallas (AP) - UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network. The company said Thursday that it plans between $6.5 billion and $7 billion of capital spending this year

Bolloré extends network to Scandinavia with purchase of Danish forwarder

by Tola Ojobo - February 1, 2018January 31, 2018 01832

In a bid to broaden its network into the Scandinavian territory, French forwarder Bolloré Logistics purchased a majority stake in the Danish freight forwarder Global Solutions A/S. This acquisition, the company said, is part of its strategy of “development through external growth.” Bolloré, which has a presence in Norway, will now operate out

Airfreight rates still strong in lead up to Chinese New Year, says Freightos

by Casandra Aniemeke - January 31, 2018January 30, 2018 01664

Airfreight rates from China rose modestly last week, with increases in Chinese export demand ahead of the upcoming shutdown in a little over two weeks for the Chinese New Year. However, freight rates are currently well under levels seen in December, when heavy seasonal demand combined with bad weather to push shipments

FedEx to make investments in Indianapolis hub expansion, wage increases

by Casandra Aniemeke - January 30, 2018January 29, 2018 01174

Indianapolis International Airport is the second largest domestic sorting facility for FedEx, with an of more than 10 million deliveries worldwide. FedEx announced plans to invest about US$1.5 billion into expanding its FedEx Express Indianapolis hub over the next seven years, creating a modernized and enlarged “SuperHub,” as well as accelerate

A Shortage of Trucks Is Forcing Companies to Cut Shipments or Pay Up

by Jack Smith - January 25, 2018January 25, 2018 01813

New York (WSJ) - A nationwide truck shortage is forcing thousands of American shippers into a tough choice: postpone all but the most important deliveries, or pay dearly to jump to the front of the line. Michelin North America Inc. cut its daily shipments of synthetic rubber from one plant by a

Why Airfreight Traffic Is Up

by Jack Smith - January 25, 2018January 25, 2018 01906

Companies are shipping more items by plane to meet customers’ rising expectations for fast delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and

Amsterdam’s Schiphol Cargo handled 1.75 million tonnes in 2017 in the face of slot shortage

by Tola Ojobo - January 24, 2018January 23, 2018 01698

In terms of overall cargo capacity and volumes, Amsterdam Airport Schiphol is in Europe's top 3 freight-handling airports, together with Frankfurt and Paris. Freighter slot space has been infamously tight at Amsterdam’s Schiphol Cargo in recent months, but the handling facility still reported an increase of 5.4 percent in 2017 airfreight

DHL, Air Hong Kong renew block-space agreement

by Casandra Aniemeke - January 21, 2018January 20, 2018 02288

DHL Express and Air Hong Kong will extend their partnership another 15 years as Central Asia capacity out of Hong Kong continues to grow. DHL Express has extended its partnership with Air Hong Kong via a new 15-year block-space agreement starting Jan. 1, 2019. As part of the deal, DHL will sell

DHL forwarding unit unveils trade barometer index

by Casandra Aniemeke - January 21, 2018January 20, 2018 01876

The predictive trade index is designed to help the market understand the direction of ocean freight and airfreight trade growth. DHL Global Forwarding on Thursday unveiled a new predictive trade index built around the collection of data from the movement of intermediate goods and raw materials. The index, called the DHL Global