The aviation industry witnessed a notable surge in air cargo demand during March, marking a significant leap from previous records. The International Air Transport Association (IATA) documented an impressive 4.4% increase in cargo ton kilometers, accompanied by a 4.3% rise in available capacity
In a transformative move within the logistics industry, DSV has completed the €14.3 billion acquisition of Schenker, positioning itself as the world's largest airfreight forwarder. This merger combines the capabilities and strengths of the two companies, creating a formidable entity in global
In recent developments, a notable surge in air cargo demand has been recorded, primarily spurred by businesses scrambling to preemptively transport goods to circumvent potential U.S. tariffs. According to data from the International Air Transport Association (IATA), in March, air cargo demand grew
CEVA Logistics, a division of the CMA CGM Group, announced a strategic acquisition to strengthen its hold in the Turkish market through a definitive agreement to fully acquire Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi for $440 million. This transaction is subject to customary
The United States and China are embroiled in escalating trade tensions, impacting industries worldwide. Within this challenging landscape, Riyadh Air has showcased a strategic move by expressing interest in acquiring Boeing jets, originally destined for Chinese carriers. Such actions are noteworthy
The transformation of the air freight industry in the United States was a gradual yet revolutionary process that saw the evolution from a limited service into an essential component of global logistics. All-cargo airlines played a pivotal role in this metamorphosis, reshaping the logistics sector
