Business, Technology, Logistics

Airbus Set to Move Ahead With A350 Freighter Within Weeks

Airbus An Airbus A350. (Jasper Juinen/Bloomberg News)

Airbus SE is poised to begin taking orders for a freighter version of its A350 wide-body as soon as next month, in a challenge to Boeing Co.’s dominance in the market for dedicated cargo aircraft.

June 9, 2021
Business, Technology, Logistics

Airfreight Booking Site Receives $42 Million in Funding

Cargo being loaded onto plane Cargo being loaded onto an airplane. Air cargo costs have skyrocketed in the past year as the pandemic kept planes on the ground, limiting the space available in the holds of passenger jetliners. (pluem05/Getty Images)

Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.

Siddharth Philip | Bloomberg News
December 17, 2020
Business, Logistics, TCA

Rockford Airport to Add 500 Jobs

Planes at Chicago Rockford International Airport Chicago Rockford International Airport

ROCKFORD, Ill. — A $9 million federal grant will pay for expanded parking for cargo jets at Chicago Rockford International Airport, where the nation’s 22nd-busiest airfreight hub soon will add 500 jobs.

May 16, 2019
Business, Logistics

B&H Worldwide Expands European Network

British aerospace logistics provider B&H Worldwide announced the opening of two offices in Europe as well as the launch of a Europewide road freight network to provide an alternative road transport solution to current airfreight services.

October 19, 2018
Business, Logistics, Top 50

AIT Worldwide Logistics Acquires WorldFresh Express

AIT Worldwide Logistics acquired WorldFresh Express, a Los Angeles-based freight forwarder that handles perishable food products, in a deal completed Oct. 17.

October 19, 2018
Government, Business, Logistics, TCA

Eastern Iowa Airport Gets $8.8 Million Grant for Cargo Facility Overhaul

Map showing Eastern Iowa Airport Shutterstock

CEDAR RAPIDS, Iowa — The Eastern Iowa Airport has been awarded nearly $9 million in federal funds, which officials say will be used to relocate and expand the airport’s rapidly growing cargo operations.

Mitchell Schmidt | The Gazette (Cedar Rapids, Iowa)
September 19, 2018
Business, Logistics, Top 50

South Korean Giant CJ Logistics Buys DSC Logistics

CJ Logistics delivery (CJ Logistics)

South Korea’s CJ Logistics will take majority control of Des Plaines, Ill.-based DSC Logistics in a deal expected to close in the third quarter.

Burney Simpson | Staff Reporter
June 11, 2018
Government, Business, Logistics, TCA

Philadelphia Airport, in Effort to Bolster Shipping, Buys More Land

Philadelphia International Airport

A massive, mostly vacant land parcel beside Philadelphia International Airport could become a bustling shipping hub for everything from medicine to car parts under a plan to develop the site into a new air-freight complex serving a swath of the northeastern United States.

Jacob Adelman |
February 14, 2018

Analysis: Airfreight Has Tummy Trouble

Paul Nelhams/Flickr

Passenger air travel is booming — but in freight, growth in capacity has outpaced tepid demand. For airlines, freight companies and aircraft manufacturers that means lost revenue and wasted capital. Removing this surplus is essential but it won't be painless.

Chris Bryant | Bloomberg News
July 15, 2016