DSV reported a 26 percent decline in adjusted earnings at DKK 2.5 billion ($350 million) for the first quarter of 2024 on six percent drop in revenue at DKK 38.3 billion ($5.4 billion). Jens H. Lund, Group CEO, DSV Jens H. Lund, Group CEO, DSV says: “In a normalising market, we are off to a good start, delivering strong financial results in the first quarter of 2024, and I am particularly satisfied that we are gaining market shares in all three divisions. We have also completed the leadership changes, the organisation has settled, and together with the new and experienced leadership team ..read more

Air Canada and Air Canada Cargo announced the addition of Chicago to its freighter network, starting June 2. The service will operate three times per week with a Boeing 767 freighter, connecting Air Canada Cargo’s global hub in Toronto with its self-handled warehouse operation in Chicago, according to a press release from Air Canada. Jon Turner, Vice President, Cargo, Air Canada says: “We are excited to add Chicago to Air Canada Cargo’s robust network, achieved through the strategic use of our freighters and the global reach of Air Canada’s extensive passenger network. In Chicago, we also ..read more

Global air freight rates were little changed in the week to April 22, according to the latest data from TAC Index, the leading price reporting agency on air freight markets. The overall Baltic Air Freight Index calculated by TAC was up a tad (+0.1 percent), leaving it at -8.2 percent over 12 months – a second successive week of little change after a series of rises over the previous six weeks. There was little evidence of any immediate impact on prices caused by severe rain in the Middle East and disruption in major hubs like Dubai, the update added. "Rates on the big lanes out of China conti ..read more

UPS reported a five percent decline in consolidated revenues at $21.7 billion for the first quarter of 2024. Consolidated operating profit was $1.6 billion, down 36 percent compared to the first quarter of 2023, says an official release. “I want to thank all UPSers for their hard work and efforts,” says Carol Tomé, Chief Executive Officer, UPS. “Our financial performance in the first quarter was in line with our expectations, and average daily volume in the U.S. showed improvement through the quarter. Looking ahead, we expect to return to volume and revenue growth.” U.S. domestic segment reve ..read more

Later this year, Amazon customers in the West Valley Phoenix Metro Area can receive Prime Air drone deliveries from Amazon’s Tolleson, AZ Same-Day Delivery site. “We’re now adding a new location and entering into the next stage of the program’s evolution. Since starting drone delivery in College Station, Texas and Lockeford, California in 2022, we’ve delivered thousands of items to customers in less than an hour. Last year we also began delivering prescription medications in partnership with Amazon Pharmacy to customers in College Station. We’ve received great feedback from customers and comm ..read more

Descartes Systems Group announced that it has acquired the customs and regulatory compliance solutions provider Aerospace Software Developments (ASD). Based in Ireland, ASD provides customs declaration software solutions for logistics services providers (LSPs) and shippers, as well as RFID solutions that help the air logistics community track assets. The company’s customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and LSPs comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. In addition, ASD’s RFID solutions ..read more

Menzies Aviation has extended the contract with Malaysia Airlines for a further five years across Australia and New Zealand. Menzies will continue to provide passenger, ramp and cargo services at Sydney, Melbourne, Adelaide, Perth and Auckland, according to a press release from Menzies Aviation. Menzies is expected to handle 3,200 flights across the five locations each year until 2029. The renewal strengthens the pair’s long-term partnership at these locations where Menzies has provided a range of services to the Malaysian national flag carrier since 2016. Darren Masters, Executive Vice Presi ..read more

International transport and logistics provider cargo-partner announced the opening of its first warehouse facility in the U.K. Located next to one of cargo-partner’s existing offices in Basildon, the 4,460 m² warehouse facility complements cargo-partner’s existing operational offices across Manchester, Bradford and London, according to an official release. Equipped with dedicated areas for pallet racking, order picking/packing and storage, the Basildon warehouse integrates with cargo-partner’s global network, the release added. The warehouse will be manned by a team of dedicated professionals ..read more

dnata, a global air and travel services provider, announced the appointment of Gilles Pettolaz as Head of Operations in Geneva, Switzerland. In his new role, Pettolaz will oversee dnata’s operations including ramp, cargo and passenger services at Geneva Airport. He will manage a team of 600 employees, ensuring consistent high quality and safe services for more than 30 airline customers and their passengers. Pettolaz’ appointment is effective immediately, according to a press release from dnata. Willy Ruf, Managing Director, dnata Switzerland, says: “I’m very happy that we could engage a seaso ..read more

SASI World has appointed Hiran Perera as Senior Advisor w.e.f. April 1, 2024. Perera joins SASI World after a long and successful career with Emirates SkyCargo where he lead the team responsible for all freighter activities plus revenue and capacity management, says an official release from SASI World. "Hiran will assist SASI World as it grows its global practice and expansion into new markets. Hiran will join the team to ensure optimal fleet exploitation possibilities for our customers with both all-cargo operations and mixed passenger and all cargo fleets as well." Stan Wraight, President ..read more