Danish forwarder DSV today reported first-quarter revenue of 38.3 billion kroner ($5.5 billion), down 5% year over year. Revenue from DSV Air and Sea decreased 11.5% YoY to $3.2 billion.(Courtesy/DSV)THE BIG PICTURE: While Air and Sea volumes increased in Q1, DSV’s revenue decline was driven by belo
AI is increasingly being used in the air cargo industry and, unlike the much-hyped blockchain, it appears AI is here to stay.AI can be used for digital booking and pricing optimization, flight information based on real-time data, operating efficiencies and more. Stakeholders across the supply chain
Swiss forwarder Kuehne+Nagel today reported a net turnover of CHF 5.5 billion ($6.1 billion), an 18% year-over-year decrease. THE BIG PICTURE: The forwarder’s first-quarter earnings were as expected and in line with decreases seen by other forwarders at the start of the year, Kuehne+Nagel Chief Exe
It was a disappointing start to 2024 for UPS, as the company reported a 5.3% year-over-year decline in the first-quarter, a consolidated revenue of $21.7 billion and a 36.5% YoY decline in consolidated profit of $1.6 billion. “Our financial performance in the first quarter was in line with our expe
United Kingdom-based Firefly Green Fuels announced plans to construct a commercial-scale sewage-to-sustainable aviation fuel plant in Harwich, Essex, by 2029, a move that could help the aviation industry achieve net-zero carbon emissions by 2050. The company said it is the first sustainable aviatio
Amazon last week opened its Amazon Operations Innovation Lab in Vercelli, Italy, where it invested 700 million euros ($745.6 million) into development and deployment of warehouse robotics, AI and automation — tools that have been gaining momentum in the air cargo industry as more emphasis is placed
Asia Airfreight Terminal, a subsidiary of SATS, introduced autonomous electric tractors at its terminal in Hong Kong this month. Asia Airfreight Terminal (AAT) tested the autonomous electric tractors (AET) for 18 months prior to launch, according to a release from AAT. The AETs will be used to tow
Cyber criminals targeted the supply chain and manufacturing industries globally in 2023. While keeping an eye on geopolitical conflict and elections, carriers, forwarders and airports should also be aware of potential weaknesses in operations and how cyber criminals can infiltrate global networks,
Alaska Air Group, which operates Alaska Airlines, today reported a record $2.2 billion in operating revenue for the first quarter of 2024, an increase of 1.6% from the first quarter of 2023. The carrier reported a 10.3% year-over-year increase in “cargo and other revenue” to $64 million. THE BIG PI
UPS is betting on the health care market and Asian trade to boost its overall revenue, while FedEx and DHL are considering similar strategies. UPS recently expanded its UPS Premier service in China. The service combines tracking, prioritization and recovery for time- and temperature-sensitive heal
