Air Freight News
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Building the first FSRU vessel in China
This Logistics Plus China & Belgium Project Cargo teams assisted with building the first ever floating storage and regasification unit (FSRU) vessel in China.
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Truckers hauling food mean no nation is an island
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Rainer Wittenfeld appointed Co-Managing Director of LUG aircargo handling GmbH
LUG aircargo handling GmbH has strengthened its leadership team with Rainer Wittenfeld being appointed Co-Managing Director alongside Patrik Tschirch.
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Port, stakeholders expedite shipments of medical equipment
The Port of Long Beach is working with medical supply companies, ocean carriers, marine terminal operators, dockworkers and truckers to expedite the importation of crucial…
Immediate support for air cargo urgently needed - TIACA
During the “COVID-19 Technical Group” ICAO meeting held on Monday 30/03, The International Air Cargo Association (TIACA) restated the urgent need to provide immediate support…
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Ryanair to lose $325 million from oil insurance trades gone bad
Ryanair Holdings Plc predicted a 300 million-euro ($325 million) hit for the fiscal year that just ended because of wrong-way bets on fuel hedges.
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Airline Industry warns of crisis bigger than 9/11 aftermath
Global air traffic demand fell 14% in February, the most since the 9/11 terrorist attacks, as airlines were “hit by a sledgehammer called COVID-19,” the…
Frightened workers stay away from factory floors, hitting output
Philippe Petitcolin has had a hard time getting workers back on the factory floor.
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Cathay cuts skeleton capacity even further as demand disappears
Cathay Pacific Airways Ltd. said it will cut capacity even further as travel demand has disappeared because of the coronavirus.
Oil market still under pressure despite record futures surge
While oil futures got a record boost from President Donald Trump’s claim that Saudi Arabia and Russia would make deep supply cuts, the market for…