Becomes first carrier to do so Cathay Cargo has made a significant stride in digitalising air cargo operations by becoming the first carrier to implement the
Logistics
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CarryAll production to begin The Civil Aviation Administration of China (CAAC) has officially granted AutoFlight’s CarryAll unmanned cargo aircraft a Production Certificate (PC), marking a historic milestone as the world’s first production licence for a 2-ton electric vertical take-off and landing (VTOL) aircraft. This certification paves the way for CarryAll to enter mass
With 26% market share growth in 2024 Amid a global economic landscape marked by uncertainty and geopolitical instability, UD Trucks is preparing to navigate the challenges ahead while continuing to meet rising demand in key markets, especially within the Gulf Cooperation Council (GCC) region, said Mourad Hedna, President of UD Trucks (MEENA), while briefing the […]
For high-mileage middle-mile network In a major milestone for sustainable logistics, Amazon has placed its largest-ever order for over 200 electric heavy goods trucks, selecting the flagship Mercedes-Benz eActros 600 from Mercedes-Benz Trucks. The order marks the largest purchase of an electric truck by the German truck manufacturer in its history. It represents a
16th month of consecutive growth The International Air Transport Association (IATA) has released data for the global air cargo markets in November 2024, reporting a solid performance. Total demand for air cargo, measured in cargo tonne-kilometres (CTK), rose 8.2% compared to November 2023, marking the 16th consecutive month of growth. International operations contributed a
Effective January 1, 2025 DHL Express has appointed Abdulaziz Busbate as the new CEO for the Middle East and North Africa (MENA) region, effective January 1, 2025. Busbate will succeed Nour Suliman, who recently transitioned to a non-executive advisory role within DHL Group as President of the MENA region. Based in Manama, Bahrain, Busbate will […]
For safety standards compliance The International Air Transport Association (IATA) has unveiled its new initiative, the IATA Air Cargo Device Assessment Program. The programme seeks to validate air cargo tracking devices, data loggers, and sensor-equipped technologies. It aims to ensure these devices meet rigorous industry safety standards and play a crucial role in
Driven by emerging markets Boeing has released its latest World Air Cargo Forecast (WACF), predicting significant long-term growth in the global air cargo market. The company forecasts that air cargo traffic will increase by an average of 4% annually through 2043, surpassing pre-pandemic levels and continuing its upward trajectory. According to Boeing, the global freighter
UAE and Saudi Arabia entry in Q4 2024 Singapore-based Locad, a leading smart digital logistics engine powering consumer brands with its Cloud Supply Chain-As-a-Service (SCaaS) for global distribution, has announced a $9 million Pre-Series B funding round. The round was co-led by Global Ventures and existing investor Reefknot Investments, with additional participation from
Indian firms eyes last-mile logistics sector Airbound, an innovative drone technology startup based in Bengaluru, India, has announced a $1.7 million seed funding round led by Lightspeed, a global multi-stage venture capital firm headquartered in California, USA. The investment aims to support the development of what Airbound claims will be the world’s most efficient
With 60% stake acquisition AD Ports Group has acquired a majority 60% stake in Tbilisi Dry Port in Georgia. The stake acquisition fortifies AD Ports Group’s strategic position in the Middle trade corridor, enhancing connectivity between Western Asia and Eastern Europe through a comprehensive network spanning Kazakhstan, Azerbaijan, Armenia, Georgia, and Turkey. The Tbilisi
Key focus on freight forwarding platform DP World has released its financial results for the first half of 2024, showcasing a resilient performance amidst a challenging global environment. For the period ending June 30, 2024, the company reported a 3.3% increase in revenue to $9.335 billion despite a 4.3% decrease in adjusted EBITDA to $2.497 […]
2 new freighters added to air cargo fleet Magma Aviation, a leading air cargo solutions provider, has appointed Peter Kerins as its new CEO. With over 30 years of experience in aviation and logistics, Kerins will spearhead the London, UK-backed company’s global expansion and operational strategy. Kerins’ career began in freight forwarding sales in 1991 […]
Company set for start of commercial operations Dronamics, the world’s first cargo drone airline, has secured a €10 million equity investment from the European Innovation Council (EIC). This funding round follows an earlier €2.5 million grant awarded to the company in November 2022 under the EIC Accelerator programme. The agreement was formalised at the EIC […]
Sector expert issues new call for action According to Hari Chereddi, CEO of HRV Global LifeSciences, ongoing disruptions in the global supply chain involving transport and logistics, exacerbated by the recent CrowdStrike outage and heatwaves across continents, underscore the critical importance of open and secure trade routes for the pharmaceutical industry. Chereddi, a
US military ends temporary dock operation The US military’s temporary maritime operation to deliver humanitarian aid to Gaza has successfully concluded. The operation, which utilised a temporary dock known as Joint Logistics Over-the-Shore, completed its mission efficiently and effectively. In a statement, US Deputy Commander Brad Cooper confirmed that future aid
Involving complex logistics mission Silk Way Airlines has successfully transported two Beluga whales from Ukraine to their new sanctuary in Spain. This challenging mission, executed under adverse conditions such as the ongoing military conflict in Ukraine, underscores the Baku, Azerbaijan-headquartered airline’s commitment to animal welfare and proficiency in
Africa emerged as the strongest performer The International Air Transport Association (IATA) has reported robust growth in global air cargo demand for May 2024, marking the sixth consecutive month of double-digit year-on-year expansion. According to the latest data released by IATA, demand, measured in cargo tonne-kilometres (CTKs), surged by 14.7% compared to May 2023,
Incorporating a new digital platform Dubai Roads and Transport Authority (RTA) has partnered with Trukker Technologies, a Dubai-based logistics and transportation company, to launch a digital platform to boost the efficiency and accessibility of commercial transport options in Dubai emirate. The digital platform will be a centralised hub connecting transportation companies
Targeting The Healthcare Logistics Sector In a significant development for the healthcare logistics sector, Hellmann Calipar Healthcare Logistics (HCHL) has inaugurated its new distribution centre in Dubai emirate in the United Arab Emirates. The cutting-edge facility, dedicated to serving the needs of global medical device company Boston Scientific in emerging markets, is
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February 11, 2025
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