WASHINGTON — The U.S. Department of Transportation is launching the first step in a long-awaited National Multimodal Freight Network (NMFN), a project that will be used to prioritize federal money for freight infrastructure around the country.
A request for information scheduled to be published in the Federal Register on Friday will give the public 60 days to submit comments and data on the best way to identify freight facilities and corridors that will be used to create an NMFN map.
Kuehne+Nagel, the largest airfreight forwarder in the world, has established a strategic partnership with a major airport services company to co-develop better business practices aimed at speeding cargo flows at lower cost in an effort to further differentiate its service proposition from competitors.
The Switzerland-based logistics giant said Tuesday it is working closely with Singapore’s SATS Ltd., which acquired Worldwide Flight Services in April for $1.3 billion, to implement joint learnings...
https://www.freightwaves.com/news/kuehnenagel-teams-up-to-make-airport-cargo-handling-more-efficient
Transport Canada is funding $77 million worth of new cargo infrastructure at airports in Toronto and Ottawa.
The money comes from the National Trade Corridors Fund, a competitive, merit-based program designed to develop transportation infrastructure that supports domestic and international trade.
The agency in July announced it will provide $69 million to Toronto Pearson International Airport to build a cargo terminal on the south side and a parking apron for freighters on the northern end.
Freigh...
https://www.freightwaves.com/news/canadian-airports-receive-77m-for-cargo-projects
Airports specializing in air cargo shipments have outperformed hybrid airports that also cater to passenger traffic during the current shipping slump, researchers at DePaul University said in a study released on Thursday.
Cargo-oriented airports have increasingly attracted cargo airlines and logistics companies because of their operational flexibility, reduced air and road congestion, available land for terminals to support dedicated freighters, lower fees, and faster customs clearance.
The...
https://www.freightwaves.com/news/cargo-focused-airports-outpace-peers-with-passenger-traffic
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A boutique investment group is offering underutilized airports outside congested metropolitan areas a cargo-hub-in-a-box aimed at quick-starting infrastructure development to take advantage of demand for expedited logistics and overflow volumes.
Major airports for decades have concentrated resources on passenger operations, such as fancy passenger terminals and ride-sharing lanes, that generate the bulk of revenues. Cargo infrastructure and services have largely been an afterthought, and many...
https://www.freightwaves.com/news/investment-group-offers-cargo-hub-in-a-box-to-regional-airports
Logistics businesses involved in air transport are urging states and the federal government not to shortchange cargo when dispersing funds for airport infrastructure upgrades.
The Airforwarders Association (AfA) and a group representing customs brokers released a position paper last week calling for the establishment of a dedicated investment fund for cargo facilities because air cargo is a critical driver of economic growth, especially e-commerce, and modernization is needed to keep airports...
https://www.freightwaves.com/news/us-airports-need-subsidies-for-cargo-modernization-groups-say
Rising expectations for fast delivery of high-value products has fueled demand for near-airport warehouses and forced tenants to pay substantial rent premiums compared to other industrial spaces in large metropolitan areas, according to a new report from CBRE.
The Dallas-based commercial real estate services and investment firm found that average rents for warehouses within a 5-mile radius of major airports are 18.8% higher than the average for the region. The analysis covered the 20 busiest...
https://www.freightwaves.com/news/warehouse-rents-near-cargo-airports-skyrocket-report-says
A long-stalled redevelopment of crowded and obsolete cargo warehouses at Los Angeles International Airport is finally underway after city officials recently requested proposals for the wholesale redevelopment of 27 cargo buildings.
The solicitation in September only covers the first phase of modernization but implies that most of the existing cargo real estate at the airport will be replaced.
The cargo improvement project is the most ambitious of its kind ever attempted in the U.S., considering...
https://www.freightwaves.com/news/lax-solicits-proposals-for-massive-cargo-redevelopment
WASHINGTON — DHL Express expects to open a new aircraft ramp and package sortation center in Atlanta by mid-October and announce its first major West Coast air hub in January to keep up with growing cargo volumes, said Mike Parra, CEO of the Americas.
Construction of the regional hub at Atlanta’s Hartsfield-Jackson International Airport has been slowed by COVID impacts on laborers, permitting challenges and steel shortages, management previously said. The updated start date slipped an extra...
https://www.freightwaves.com/news/selection-nears-for-dhl-express-us-west-coast-air-hub