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Logistics

AirBridgeCargo Introduces Twice-Weekly Budapest Services

Chennai: Port Wings News Network: AirBridgeCargo Airlines, one of the world’s leading international cargo carriers, offers a new cargo destination for its European customers with the launch of bi-weekly frequencies to Budapest in the pursuit to accommodate growing volumes between Europe and Asia. The new service, deploying Boeing 747 freighters, …

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Solid Profits Despite Rising Costs: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced its expectation for airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018. This is a solid performance despite rising costs, primarily fuel and labor, but also the upturn in the interest rate …

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Air Freight Growth Recovers Slightly in April, Up 4.1%

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 4.1% in April 2018, compared to the same period the year before. This was up from the 1.8% growth in annual demand …

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Kerry Logistics Acquires Freight Forwarding Company S.A.S. in South Africa

Chennai: Port Wings News Network: Kerry Logistics Network Limited on 28 May 2018 announced the acquisition of Shipping and Airfreight Services (Pty) Limited (S.A.S.), a well-established freight forwarding and logistics company based in Johannesburg, South Africa. Established 30 years ago, S.A.S. provides its international customers with flexible logistics solutions. With …

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