Shipping and logistics provider DHL Express says it's continuing an investment plan for the United States and the Americas of $185m. The investment earmarked for 2016 and 2017 is focused on infrastructure, technology and people - creating some 900 new jobs in 2016.
Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.
Cathay Pacific and subsidiary carrier Dragonair carried a total of 172,385 tonnes of cargo and mail in October, an increase of 5.3 percent over October 2015. The carrier's load factor rose by 1.6 percentage points to 68.1 percent.
Parcel shipping volume will grow annually at 5 to 7 percent between now and 2018, for a total increase of 20 percent, with the biggest gains coming in cross-border shipping, according to a study from Pitney Bowes.
Transplace, a provider of transportation management services and logistics technology, has announced its acquisition of Lakeside Logistics, a Canadian-based logistics services company. This acquisition expands Transplace's presence throughout North America and supports its strategic growth in order to meet the supply chain needs of its growing customer base, the company says. Terms of the transaction were not disclosed.
Governor Tom Wolf has announced a comprehensive capital investment program at the Port of Philadelphia that will result in more than $300m in investment in the Port's infrastructure, warehousing and equipment. The initiative will start next year and continue through 2020.
E-commerce has been the dominant force for change in the air cargo logistics business for the last several years, but online retailers, forwarders, carriers and integrators say they are still struggling with ways to keep up with the intense demand from international customers to deliver them the world instantly. This was the main theme of the plenary session, "Cross-border E-Commerce: Who Will Rule the Game?", at last week's Asian Logistics and Maritime Conference (ALMC) in Hong Kong.
Airbus tentatively aims to deliver as many as 80 A350 jetliners in 2017, two sources familiar with the plans have said. The target marks a new stage in ambitious plans to raise output of the company's newest long-haul jet to 10 a month in 2018, but depends mainly on how successful suppliers will be in curbing delays in cabin equipment.
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