Freightos, a neutral sales platform for international air and ocean shipments, expects to make its first profit in the fourth quarter of 2026, company leadership said Monday after posting an adjusted loss of $19 million for 2023. The results follow losses of $14.6 million and $12.4 million in 2022 and 2021, respectively. In July, Freightos…
Transport and logistics provider DHL Group said Tuesday that it has relocated its Norfolk, Virginia, operations to a facility more than twice the size of its prior location. The $7.3 million investment increases shipment capacity and enables faster processing, resulting in later cutoff times for shippers in eastern Virginia, said DHL, a German company with…
Global air and travel services provider dnata has successfully integrated autonomous drones into its cargo operations in Dubai, UAE. The company said this initiative has enhanced operational efficiencies and delivered benefits for airline customers at both Dubai International (DXB) and Dubai World Central (DWC) airports. Key results include a 20% reduction in processing times on…
Vienna Airport has laid the groundwork for handling growing air cargo volumes in collaboration with Incheon Airport in South Korea and Korean Air. Intensified joint marketing development activities and designing of optimal cargo services should serve to meet the increasing demand for air cargo capacities between both economic regions. Vienna Airport signed the corresponding agreements…
P&O Ferries cut almost 50,000 tons of carbon emissions from its operation in 2023 with the introduction of a new hybrid ferry and its new dedicated initiative to reduce fuel consumption – the Fleet Support Centre for Fuel and Energy Efficiency. This follows a reduction of over 85,000 tons in 2022, achieved through partnerships with…
Etihad Cargo signs three-year strategic partnership with WFS covering 12 prime air cargo airports globally Etihad Cargo has signed a strategic partnership agreement with Worldwide Flight Services (WFS), a member of the SATS Group, for cargo handling services at 12 major international airports in Europe, Scandinavia, North America, India, and Asia Pacific. The global award…
Silk Way West Airlines, the leading cargo airline in the Caspian and Central Asian region, announces a 5-year strategic partnership with Turkish Technic. This collaboration marks a significant milestone in the airline’s commitment to ensuring unparalleled operational efficiency and fleet reliability. Under this new component pool agreement, Silk Way West Airlines will leverage Turkish Technic’s…