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Magma expands fleet to five B747-400Fs May 08,2021
Chapman Freeborn cargo airline subsidiary Magma Aviation is expanding its freighter fleet from this month with the addition of a fifth Boeing 747-400F – its second increase in under a year – as demand for freighter capacity continues to soar.The new freighter, supplied through a part... [learn more]
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Mossend rail freight expansion approved May 08,2021
The Phase 1 plans for Mossend International Railfreight Park (MIRP) have been unanimously approved by North Lanarkshire Council’s Planning Committee, providing a major boost to Scotland’s international rail freight potential. MIRP represents a major new multi-modal rail freight facilit... [learn more]
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Ocean freight issues adding to Brexit and Covid supply chain headaches May 08,2021
Retailers and other companies that import products from the Far East to the UK are facing major supply chain disruption and increased logistics costs resulting from the global shortage of shipping containers and challenges in accessing ocean freight capacity, adding to continuing Brexit-related and Covid-rela... [learn more]
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DHL grows air and ocean revenue by more than 40% May 07,2021
Substantial growth in air and ocean freight volumes, revenues, margins and operating profits helped Deutsche Post DHL Group to an extremely strong first-quarter (Q1) performance in which it quadrupled its net profit.The group’s Global Forwarding, Freight (DGFF) unit increased its revenue by nearly... [learn more]
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Port of Montreal returns to full operations May 07,2021
Operations at the Port of Montreal have begun returning to normal following several weeks of disruption due to industrial action by longshore workers, although customers of Canada’s second-largest port may still experience delays in the coming weeks.The resumption of operations this week came after ... [learn more]
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XPO revenue at all-time high May 07,2021
XPO Logistics has turned in a “tremendous” first quarter of the year that beat expectations and gave the US-based company “a very strong start to 2021”, which included a record contract win, chairman and CEO Brad Jacobs told analysts at a conference call this week.&... [learn more]