airfreight
Airfreight Booking Site Cargo.one Receives $42 Million in Funding
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.
December 17, 2020Rockford Airport to Add 500 Jobs
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, 2019B&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, 2018AIT 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, 2018Eastern Iowa Airport Gets $8.8 Million Grant for Cargo Facility Overhaul
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.
September 19, 2018South Korean Giant CJ Logistics Buys DSC Logistics
(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.
June 11, 2018Philadelphia 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.
February 14, 2018Analysis: 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.
July 15, 2016