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Flycargo is at Frankfurt Airport.

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DSV in unsolicited $4bn bid for Panalpina

01/16/2019 - aircargonews.net

Danish logistics giant DSV has made an unsolicited bid to acquire Switzerland-based Panalpina in a SFr170 per share offer that values the rival freight forwarder at around $4bn. Based on 2017 figures (the latest available), the move would create the world's second largest airfreight forwarder (see c

Ethiopian B777 freighter forced to land by Indonesian F-16 fighter jets

01/16/2019 - aircargonews.net

Ethiopian Airlines has confirmed that one of its Boeing 777 freighters was forced to land at an airport on Batam island after being followed by two Indonesian F-16 fighter jets. Reuters, citing an Indonesian airforce spokesman, reported that the Ethiopian freighter had flown into Indonesian airspace

UPS appoints Gilbert to newly created supply chain role

01/16/2019 - aircargonews.net

UPS has appointed Philippe Gilbert as president, Supply Chain Solutions, effective January, 2019. Gilbert will report to UPS chief operating officer Jim Barber and will be based at the company’s global headquarters in Atlanta. The UPS president, Supply Chain Solutions role is a newly created positio

European Commission 'infringed' UPS' rights by blocking TNT takeover

01/16/2019 - aircargonews.net

The European Court of Justice (ECJ) has ruled that the European Commission in Brussels infringed UPS’ rights when it stopped the US express parcel and logistics giant from buying TNT Express in 2013 for €2.2bn. A UPS spokesperson confirmed that UPS was proceeding with the process of over the blocke

Forwarders told to prepare for no-deal Brexit

01/16/2019 - aircargonews.net

Freight forwarder association BIFA has told its members to prepare for the UK to leave the European Union with no deal in place. Meanwhile, the Freight Transport Association (FTA) has warned that leaving the European Union without a deal would be catastrophic for UK supply chains. In response to the

US online shoppers want more free shipping

01/16/2019 - aircargonews.net

US consumers increasingly expect free delivery of items ordered online and are also embracing new options, such as picking up their online purchases at a local store. The latest issue of the quarterly Consumer View report released by the National Retail Federation (NRF) in the US also found that 75%

Panalpina confirms DSV takeover bid for US$4 billion

01/16/2019 - aircargoworld.com

This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant. The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion.

Forwarders step up to prepare for ‘hard Brexit’

01/16/2019 - aircargoworld.com

Following the rejection of United Kingdom Prime Minister Theresa May’s European Union withdrawal agreement, in a statement today the British International Freight Association (BIFA) recommended its members prepare for what it expects will be “a hard Brexit.”With the March 29 deadline for Brexit rapi

Announcing the launch of new Royal Media publication, Air Cargo Airports

01/16/2019 - aircargoworld.com

We at Air Cargo World are pleased to announce the launch of Air Cargo Airports, a new media venture presented by Royal Media, the publisher of Air Cargo World and Cargo Facts.Airport cargo facilities play a major role in the supply chain and with growing e-commerce and specialty cargo demand, the n