Authorities in the country have given Coyne Airways a licence to sell Turkmenistan’s jet fuel at four airports: Turkmenbashi in the west; Dashoguz in the north; Ashgabat in the south; and Mary in the east. Flights in the corridor over Georgia, Azerbaijan and Turkmenistan have increased from about ...
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Supply chains remain in chaos as Shanghai lockdown is extended indefinitely
The severe restrictions in the eastern half of the city, including Pudong, were due to be lifted on Friday, but nearly all areas remain under lockdown and local authorities have given no timeframe for its end, other than saying it would be done “in stages”. And one forwarder told Logistic-News: ...
AirBridgeCargo fleet starts to break up as lessors demand their aircraft back
The carrier is treading a fine line between the demands of Russia’s aviation authority to keep the aircraft, while also attempting – in part – to satisfy lessors instructed to retrieve them. BOC Aviation had three leases with AirBridgeCargo (ABC). One aircraft, worth $148m according to court d...
CMA CGM poised to acquire Gefco before sanctions hobble operations
CMA CGM is said to be poised to acquire French automotive and industrial logistics firm Gefco, currently 75%-owned by Russian Railways (RR). The Russian state utility has been on the EU and US trade sanctions lists since late-February following Russia’s invasion of Ukraine. With a presidential ele...
FedEx aims high as US authorities eye cargo drones more favourably
The authorities there are considering proposals for drone corridors, and FedEx is targeting 2023 for trials of the Chaparral autonomous aircraft between its sort centres. The Chaparral is a vertical take-off and landing (VTOL) aircraft announced by California-based maker Elroy Air in Janua...
Passenger-freighters set to stay as air cargo bemoans lack of capacity
“The impact of the sanctions is significant,” said Pierre Van Der Stichele, VP global freight at broker at Air Partner. “Freighter capacity has already been heavily reduced by the pandemic and remains in high demand; the disappearance of additional capacity due to sanctions only exacerbates th...
Record profits bring future of DB Schenker into sharp relief
At a press conference today, as Deutsche Bahn presented its 2021 annual results, Levin Holle, board member for finance and logistics, gave little away. “DB Schenker was extremely successful once again. In uncertain times, Schenker kept its customers’ supply chains stable around the globe. And th...
Why automation technology is failing your freight forwarding operators
The industry has come a long way since then: automated rating, shipment tracking, and customer portals are now commonplace. But operators, the lifeblood of a freight forwarder, are still tasked with repetitive data entry and document management. Creating jobs, populating data, and filing documents l...