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Air Freight Up 6.8% in February but Protectionist Risks Remain

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released demand growth results for global air freight markets for February 2018 showing a 6.8% increase in demand measured in freight tonne kilometers (FTKs) compared to the same period last year. Adjusting for the potential Lunar New Year distortions …

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AirBridgeCargo Airlines Introduces Scheduled Service At Rickenbacker International Airport

Chennai: Port Wings News Network: AirBridgeCargo Airlines (ABC) will become the fifth world-class freighter operator to provide scheduled service at Rickenbacker International Airport (LCK). The Russia-based company, which is one of the fastest-growing international freight carriers, joins the thriving network of premier logistics service providers at cargo-dedicated Rickenbacker, which is …

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CONCOR Launches Multi Modal Logistic Park at Balli

Mumbai: Port Wings News Network: A Multi Modal Logistics Park at Balli Station near Madgaon in Goa state on Konkan Railway route was inaugurated by CMD Konkan Railway Shri Sanjay Gupta and P K Agarwal, Director, Container Corporation on 28 March 2018. The park has been set up with an …

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Brussels Airlines Enters Into Joint Agreement With Lufthansa Cargo

Chennai: Port Wings News Network: Lufthansa Cargo will market the cargo capacities of Brussels Airlines from 1 September 2018. The networks of both companies complement each other perfectly. Freight customers of both airlines benefit from this: Brussels Airlines customers have access to Lufthansa Cargo’s route network: the largest network with …

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Kerry Logistics Posts 7% Growth in Net Profit in 2017

Chennai: Port Wings News Network: Kerry Logistics Network Limited on 27 March announced the group’s annual results for 2017. Group’s Financial Highlights Turnover increased by 28% to HK$30,788 million (2016: HK$24,036 million) Core operating profit rose by 13% to HK$2,128 million (2016: HK$1,878 million) Core net profit increased by 7% …

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DP World Intermodal Enhances Connectivity To Central India

    Mumbai: Port Wings News Network: Global trade enabler DP World operated Container Rail Road Service (CRRS) in partnership with leading freight forwarder Pinkcity Logistics, flagged off their maiden train service from ICD Loni, Uttar Pradesh to Hindalco Industries Limited’s plant in Mahan, Madhya Pradesh. The new service aims …

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