GAC promotes Fredriksson to top echelons 
The GAC Group, a shipping, logistics and marine services provider, has appointed Pontus Fredriksson (on the right) as its new group president, with effect from 1 January 2023. Bengt Ekstrand (on the left), who held the position for the last ten years, will take on the role of... more
Is the trade tide turning?
In an analysis for the G20 countries, based on figures provided by the Organisation for Economic Cooperation and Development (OECD), Flexport has reported a 1.1% decline in imports and a 1.3% decline in exports in the third quarter of this year. The G20 group accounts for about... more
World ACD: Air cargo rates finally stabilise
Global air cargo tonnages have continued to slide downwards in November, normally a buoyant month in the air freight calendar, with a further steep decline in week 47 (21 to 27 November) led by falling volumes to and from North America (-20%). The decrease in chargeable... more
GAC is in love with Sweden
The Middle East-based GAC Group has acquired Finland-based ESL Shipping's Swedish subsidiary Norra Skeppningsgruppen (NSG). This is already the second Swedish ship agency purchased by GAC in 2022. The transfer of NSG to GAC Sweden was completed at the beginning of December.... more
4th edition of Air Express Market Outlook is out
Cargo Facts Consulting (CFC), a global consultancy to the air logistics industry and a sister venture of industry publication Cargo Facts, has released its latest report. The 4th edition of Air Express Market Outlook provides a historical overview and five-year growth... more
IGS service to roll
The Ocean Network Express (ONE) is launching a new weekly India Gulf Service IGS to connect India to/from UAE. With this new offer, ONE is responding to a rise in demand due to the increase in trade between the two countries after they signed the comprehensive economic... more
Bolloré Logistics picks Rania Saoud
Bolloré Logistics has appointed Rania Saoud as branch manager of Abu Dhabi, UAE. She has been part of the group for the last four years and previously held the position of key account manager based in Dubai. In her new role Saoud will be responsible for developing existing... more
Masterplan for King Salman International Airport
His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, prime minister and chairman of the Council of Economic and Development Affairs (Ceda), chairman of the Public Investment Fund (PIF), has announced the masterplan for King Salman International Airport which is to... more
Negative impact on world trade
In October 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined sharply to 120.8 points from the 124.2 points (seasonally adjusted) registered the month before,... more
Air & logistics united for net zero
It takes two to tango - in carbon reduction as well. Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, is partnering with DSV Global Transport and Logistics to purchase sustainable aviation fuel (SAF) to compensate for the carbon emissions of its cargo... more