HIGHLIGHTS
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Flexport: Demand remains sluggish with no pre-Golden Week cargo rush
September 29, 2022 - Shipping between Asia and Europe continues to be muted as demand remains sluggish with no Pre-golden week cargo rush —...
SATS to acquire WFS for €2.25B becoming the world's largest air cargo handler
September 28, 2022 - SATS Ltd. (SATS) has announced its plan to acquire Worldwide Flight Services (WFS) in a deal that would create the...
WorldACD: Air cargo rates continue to soften
September 23, 2022 - Global air cargo prices continued their gradual decline in the first two full weeks of September, while volumes...
DHL acquires majority stake in Dutch e-commerce Monta
September 26, 2022 - DHL Supply Chain has announced the acquisition of a majority stake in Dutch e-commerce specialist Monta as both...
Hong Kong eases quarantine rules — a move welcomed by the aviation sector
September 23, 2022 - Hong Kong announced it is dropping hotel quarantine rules for entry into the city after more than two years of strict...
SATS says looking at WFS for possible acquisition but nothing definite
September 21, 2022 SATS Ltd (SATS) issued clarifications regarding a recent report which announced the company's plan to acq...
IATA raises concerns about Hong Kong's aviation amid ongoing restrictions
September 19, 2022 The chief of the International Air Transport Association (IATA) has raised concerns about Hong Kong amid persisting...
Suez Canal to raise transit fees for ships by 15% in 2023
September 19, 2022 Egypt has announced that it will be raising transit fees for ships passing through the Suez Canal by 15% beginning next...
FedEx withdraws full-year guidance as performance fell short of expectations
September 16, 2022 FedEx Corp pulled back on its profit guidance for the rest of the fiscal year as its performance missed expectations...
US averts rail strike as tentative labor deal reached
September 15, 2022 The US government has averted a potential railway strike that could have wreaked further havoc on already stressed...
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