Aircraft delivery delays from Boeing are “extremely annoying” and cost Lufthansa lots of money, but the USA planemaker should be able to resolve its problems, the German airline’s CEO said in a newspaper interview. Lufthansa CEO Carsten Spohr was direct when asked by Switzerland’s Neue Zuercher Zeitung how badly recent setbacks at Boeing and subsequent
Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline. The company will split A$20 million between more than 86,000 customers who booked tickets on the
Moglix, a global leader in the B2B e-commerce and procurement sector, is spearheading digital transformation in the Middle East and GCC region by accelerating procurement and supply chain efficiency through its tech-first approach. Moglix’s offerings drive efficiency in procurement management, as well as enabling cost reduction and seamless supply chain operations for the manufacturing sector.
The International Air Transport Association (IATA) has expressed concerns that Pakistan and Bangladesh have held up airline revenues worth up to $720 million, calling on both countries to release funds into carriers’ coffers, noting that airlines already operate on thin margins. According to IATA, the situation has become severesince airlines cannot collect over $720 million
Global air cargo rates continued to rise throughout March, thanks to strong demand and rising rates from Asia and Middle East origins, taking average prices to within -7% of their elevated levels this time last year and recovering to their levels during last year’s winter peak season, according to latest weekly figures from WorldACD Market
Pandion, a leading provider of residential parcel delivery solutions for e-commerce, has successfully secured $41.5 million in Series B funding. This investment will fuel the company’s expansion efforts, focusing on enhancing technology offerings, broadening geographic reach, and optimizing delivery speed. Pandion’s Founder and CEO, Scott Ruffin, brings over 25 years of logistics expertise to the
Award-winning UAE-based facilities management service provider Emrill has launched Emrill Rail, its latest division providing comprehensive solutions tailored to the unique needs of the country’s railway supply industry. Emrill Rail has strategically partnered with Clemtech, a leader and specialist in recruitment and consultancy services for rolling stock and rail sectors, to deliver solutions that meet
The China-Europe Railway Express has seen a significant uptick in operations, with nearly 3,000 trains dispatched in the first two months of 2024. The expansion underscores the service’s growing role in facilitating faster and safer freight services for China-EU trade amid changing global logistics dynamics. According to China Railway, the China-Europe Railway Express operated 2,928
UAE-based logistics giant DP World has opened the latest branch in a network of more than 100 freight forwarding offices across the world. The latest branch to open its doors is in Miami, Florida. It has launched no less than 100 offices over the last eight months as it seeks to expand its freight forwarding
French shipping company CMA CGM has completed the largest acquisition in its history with the €4.85bn ($5.24bn) purchase of Bolloré Logistics from The Bolloré Group. The purchase includes the entirety of the transport and logistics company, though the transfer of Bolloré Logistics Sweden is currently subject to foreign investment approval in Sweden. CMA CGM Chairman
