Sea Perch/Barramundi fish, one of the species that FishPac systems transports in its containers A new partnership between marine transportation companies, Australian FloatPac and Norwegian LipFish AS, may be an example of an application of the internet of things (IoT) that could catch on in the airfreight industry. LipFish AS said it has “worked
Logistics
FedEx FY18 earnings soar on tax cuts
The Memphis-based parcel giant reported a net income of $4.57 billion, up 52 percent year-over-year. FedEx Corp. earnings surged 52 percent to $4.57 billion in its fiscal 2018 year, which ended May 31, according to the company’s most recent financial statements. The Memphis-based parcel and express carrier posted diluted earnings per share
UPS to spend $130 million on new natural gas vehicles, fueling stations
Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels. United Parcel Service Inc, along with rivals such as
Egypt increases fuel prices, as part of austerity measures
Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country’s economic reforms and austerity measures designed to overhaul the country’s ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for cooking gas increased from 60 to
European shippers protest bunker surcharges
ANTWERP, BELGIUM: Oil tanker moored near an oil silo in Port of Antwerp July 9,2013 in Antwerp, Belgium. The Port of Antwerp is the Europe's second largest sea port after Rotterdam. Council’s letter asserts “unjustified” fees violate agreement to end price signaling. The European Shippers’ Council has sent a letter to European
U.S. imposes long-awaited advance screening rules for inbound air cargo
After nearly eight years of starts, stops and delays, the U.S. Department of Homeland Security (DHS) has finally implemented its much-debated Air Cargo Advanced Screening (ACAS) program, requiring all carriers of commercial cargo to report electronic airfreight data to U.S. Customs and Border Protection (CBP) before the cargo is loaded
Kerry Logistics launches new rail services to Caucasus region
Kerry Logistics launches rail and road freight services from China to Caucasus and Turkey. Hong Kong-based Kerry Logistics continues to invest in the “One Belt, One Road” initiative that promotes trade between Europe and China by releasing plans to launch a new 18- to 20-day railway service. The 3PL also said it
UPS expanding LCL ocean offering
The parcel carrier and third-party logistics provider is adding direct sailings in 130 trade lanes covering Asia, Latin America, Africa, Europe, the United States, the Caribbean and the Middle East. UPS is significantly expanding its less-than-container-load (LCL) ocean freight services. The Atlanta-based parcel carrier and third-party logistics provider said in a statement
Forwarders take to dedicated freighter ops, but could trade issues get in the way?
This week, DHL Global Forwarding released news that it is considering launching additional dedicated Asia-Pacific freighter routes, according to an interview with the forwarding’s giant’s U.S.-division CEO in Air Cargo News. DHL currently employs Atlas Air to operate 747 freighters that service its Shanghai Pudong International Airport (PVG) to Cincinnati/Northern Kentucky
