Today, Amazon announced plans to open two new Ohio fulfillment centers – one in Akron and the other in Rossford.  Each fulfilment center will be over 700,000 square feet and will support the packing and distribution of e-commerce orders to customers in Ohio and its surrounding catchment zone between New York City and Chicago. Amazon’s statement also said both […]

Hong Kong-based Cathay Pacific Airways said on Friday that it had completed the acquisition of low-cost carrier Hong Kong Express Airways. HK Express will continue operating as a stand-alone airline, Cathay Pacific said in a statement. While HK Express is primarily a customer-focused airline, the carrier also transported more than 10,000 tonnes of airfreight on […]

Today, Canada-based cargo airline Cargojet announced that it handled record volumes and added capacity to support burgeoning e-commerce demand for overnight delivery during e-tailer Amazon’s “Prime Week” shopping event last week.  Cargojet reportedly handled over 500 tonnes more than an average week of cargo and operated 23 additional flights to support deliveries during Prime Week, according to a Yahoo Finance press release.   Even in weak cargo markets, leaders in […]

Belgian groupage operator and freight forwarder Transuniverse Forwarding has launched a project with Turkish multimodal operator Ekol Logistics to build a 40ha multimodal facility at the North Sea Port.
The port is a stretch of 60km of cargo handling facilities along the river Scheldt, combining The Netherlands’ Zeeland Seaports and the Belgian port of Ghent. The two port authorities completed the cross-border merger at the beginning of 2018.
Ekol and Transuniverse, which...

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Ocean freight is keeping Kuehne + Nagel on target as its other divisions continue to struggle in a difficult market.   
Ocean turnover rose some 11%, with ebit up 12% to Sfr235m, as group first-half revenue increased 5.3% to Sfr10.6bn ($10.8bn), generating a 42.9% surge in ebitda to Sfr869m and a 2% upturn in profit (ebit), which hit Sfr511m.   
While some analysts suggested the performance was merely “on course”, chief executive Detlef Trefzger tried to sweeten the news.   
“We achieved a high-level result...

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DX Group’s largest shareholder, Gatemore Capital Management, has praised the company’s progress in turning the business round, following a trading update.
This morning’s update confirmed that the courier and logistics company’s results – due 24 September – are expected to be in line with forecasts suggesting a £3.2m ($3.9m) profit for the year ending 30 June.
Should this prove correct, it will mark a dramatic reversal for a company that, a year...

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