Confity Capital Partners, a Dubai-based private equity wealth management firm, plans to invest in at least 10 Airbus A330 converted freighter aircraft for use in the fast-growing India subcontinent airfreight market. Jet Freight Logistics, based in Mumbai, India, is the launch customer and will be the first Indian cargo airline to operate the A330 converted freighter platform.
The Mumbai-based freight management company will lease an undisclosed number of aircraft from Confity and outsource...
International shipper DHL Express has grown its next-day delivery capabilities by adding a Brazil-to-U.S. lane to its Medical Express service.
According to a news release emailed to FreightWaves by DHL, this new connection links South America and Puerto Rico to the U.S., with the goal of expediting deliveries to customers in pharmaceutical and clinical research sectors.
“With its Medical Express service, DHL Express expertly manages the export and regulatory requirements for urgent shipments that...
https://www.freightwaves.com/news/dhl-upgrades-next-day-medical-express-service-for-latin-america
Qatar Airways, British Airways’ parent company IAG Group and Malaysia Airlines on Tuesday announced plans for a joint air cargo venture to increase their collective route offerings and capabilities.
The alliance appears to resemble a long-running one among All Nippon Airways, Lufthansa and United Airlines, but details on how the new venture will function are still very limited. ANA in October 2023 temporarily suspended its participation in the cargo partnership with Lufthansa and United so as...
U.S. plans next month to cancel tariff-free access for low-value parcel shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, could bleed more than $22 billion in revenue from the air cargo sector over three years and put thousands of online sellers with direct-to-consumer fulfillment models out of business, according to an e-commerce and logistics consulting firm.
Derek Lossing, the founder of Cirrus Global Advisors, has previously said the Trump...
https://www.freightwaves.com/news/air-cargo-faces-22b-revenue-hit-when-china-tariff-exemption-ends
Integrated logistics company DHL on Monday will temporarily suspend e-commerce shipments to individuals in the United States when the declared customs value exceeds $800 because import specialists are overwhelmed filing extra documentation after U.S. customs authorities lowered the threshold for filing an informal entry.
U.S. Customs and Border Protection on April 5, in response to President Donald Trump’s order for reciprocal tariffs under emergency authority, began requiring a formal entry...
https://www.freightwaves.com/news/dhl-temporarily-suspends-b2c-shipments-over-800-to-us
Amazon’s in-house cargo airline has reduced short-haul flying and focused on larger aircraft and multiple hubs to align with the company’s regionalized fulfillment model and new push into third-party air shipping that involves bulk shipments instead of small parcels, according to a report published Monday.
Over the past two years, Amazon Air (NASDAQ: AMZN) has undergone significant change with the addition of its largest aircraft, greater reliance on overnight package flying, hub expansion at...
The National Transportation Safety Board has issued new safety recommendations to Boeing and the Federal Aviation Administration regarding evacuation slides on certain aircraft types.
The recommendations stem from an ongoing investigation into an emergency landing, involving a FedEx Boeing 757-200 in Chattanooga, Tennessee.
On Oct. 4, 2023, FedEx flight 1376 experienced a hydraulic system failure shortly after takeoff from Chattanooga Metropolitan Airport. The flight crew attempted an emergency...
https://www.freightwaves.com/news/fedex-757-accident-prompts-ntsb-call-for-door-latch-inspections
El presidente Donald Trump ordenó el miércoles por la noche al gobierno de los Estados Unidos que finalizara el tratamiento libre de impuestos para envíos de pequeños dólares de China y Hong Kong, a partir del 2 de mayo, como una forma de cortar importaciones ilícitas de opioides sintéticos y...
President Donald Trump late Wednesday ordered the U.S. government to end duty-free treatment for small-dollar shipments from China and Hong Kong, effective May 2, as a way to cut off illicit imports of synthetic opioids and level the playing field for domestic retailers. The action is expected to upend e-commerce supply chains and could hurt the air cargo industry, which moves most cross-border packages for online retailers.
Under U.S. trade law, goods valued at $800 or less shipped to a single...
https://www.freightwaves.com/news/trump-revokes-duty-free-access-for-chinese-e-commerce-shipments
France-based shipping and logistics giant CMA CGM made air cargo news on two fronts last week.
Ceva Logistics, the eighth-largest 3PL in the world, introduced a scheduled air charter service from China to the U.S. amid rising trade tensions between the countries. Meanwhile, sister company CMA CGM Air Cargo received a green light from a court in Belgium to take over Air Belgium’s all-cargo operations.
Ceva Logistics said it has rented a Boeing 747-400 freighter and crew from Atlas Air to operate...
https://www.freightwaves.com/news/cma-cgm-subsidiaries-augment-air-cargo-capacity-in-different-ways