Logistics

Boeing predicts that international air cargo traffic will double by 2043

Arnold Pinto 03/12/2024 0

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

Finance Logistics

Locad raises $9 million for its smart digital logistics engine

Arnold Pinto 24/11/2024 0

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

Logistics

Airbound secures $1.7 million for unique delivery drone technology development

Arnold Pinto 17/11/2024 0

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

Logistics

AD Ports Group becomes majority owner of Tbilisi Dry Port

Arnold Pinto 31/08/2024 0

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

Logistics

Smooth sailing for DP World as H1 2024 revenue hits $9.33 billion

Arnold Pinto 17/08/2024 0

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 […]

Appointments Logistics

Magma Aviation appoints Peter Kerins as new CEO

Arnold Pinto 13/08/2024 0

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 […]

Logistics

Dronamics gets €10 million in funding from European Innovation Council

Arnold Pinto 06/08/2024 0

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 […]

Logistics

Optimised global trade routes seen as vital for the pharma industry

News Desk 2 30/07/2024 0

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

Logistics

Aid delivery to Gaza shifts to land route from Ashdod Port

News Desk 2 19/07/2024 0

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

Aviation Logistics

Silk Way Airlines airlifts 2 Beluga whales from Ukraine to Spain

News Desk 2 19/07/2024 0

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

Aviation Logistics

Trade expansion boosts global air cargo demand in May 2024

Arnold Pinto 03/07/2024 0

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,

Logistics Transport

Dubai RTA signs pact to transform Dubai’s commercial transport sector

News Desk 2 03/07/2024 0

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

Business Logistics

Hellmann Calipar Healthcare Logistics Opens Distribution Centre In Dubai

Arnold Pinto 08/06/2024 0

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

Logistics Markets

DP World Invests €130 Million In Romania

News Desk 2 17/05/2024 0

3 Logistics Sites Set To Go Online DP World unveiled three maritime logistics sites across Romania on May 15, 2024, ushering in a new era of economic prosperity and connectivity. Located in Constanta, the Black Sea’s most prized jewel and the region’s largest container port, DP World’s recent investments are set to transform maritime logistics. […]

Logistics Sport

DHL Marks 20-Year Milestone As F1’s Logistics Partner

News Desk 2 14/05/2024 0

Logistics Firm Aims To Go Net-Zero By 2025 DHL commemorates its 20-year partnership with Formula 1 as the sport’s Official Logistics Partner. This renewal of vows, signed in February 2024, reaffirms DHL’s pivotal role in the seamless execution of worldwide FIA Formula 1 World Championship events. With a legacy of four decades in motorsports logistics, […]

Business Logistics

DP World Registers $5.18 Billion EBITDA In 2023

Arnold Pinto 26/03/2024 0

Company Maintains A Prudent Financial Policy Dubai-based DP World has unveiled its robust financial results for the fiscal year ending December 31, 2023, defying challenging geopolitical complexities and economic headwinds. The company’s strategic focus on high-margin cargo and integrated supply chain solutions has proven pivotal in achieving commendable outcomes. In

Aviation Logistics

Lufthansa Cargo Extends IATA CargoIS Agreement

News Desk 1 25/03/2024 0

Relationship Spans Over A Decade The International Air Transport Association (IATA) has officially confirmed that Lufthansa Cargo will continue its longstanding partnership, extending and broadening the scope of its use of CargoIS for air cargo intelligence needs. This marks a significant continuation of a relationship that has already spanned over a decade, reflecting a

Aviation Business Logistics

Cathay Cargo expands its digital integration programme

News Desk 1 28/02/2024 0

Carrier enhances its freight booking experience Cathay Cargo, a global leader in cargo services, has taken a significant step in its digitalisation journey by unveiling a groundbreaking Application Programming Interface (API) connection for DB Schenker’s agents. This API provides seamless access to Cathay Cargo’s Click & Ship booking platform, allowing DB

Business Logistics UAE

DP World’s Bharat Mart to facilitate Indian exports

Arnold Pinto 21/02/2024 0

New marketplace is located in Jebel Ali Free Zone Bharat Mart, a cutting-edge Dubai marketplace slated to open its doors in 2026, is poised to provide a world-class trading platform for Indian manufacturers and exporters to access global markets via Dubai. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of […]

Logistics Aviation

Global air cargo demand up 8.3% in November 2023

Arnold Pinto 16/01/2024 0

Middle Eastern carriers post 13.5% YoY rise in cargo volumes Global air cargo demand, measured in cargo tonne-kilometres (CTKs), increased by 8.3% in November 2023 compared to November 2022, according to newly released data issued by the International Air Transport Association (IATA). For international operations, demand growth was 8.1%. Middle Eastern