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Keep yourself updated with all the latest news from our members and with relevant updates from the logistics sector
Nasdaq-listed Atlas Air Worldwide Holdings reported a 50 percent decline in net income to $60 million for the third quarter of 2022 compared with net income of $119 million in the third quarter of 2021.
Revenue increased to $1.1 billion compared with $1 billion in the prior-year quarter, says an official release. "Volumes in the third quarter of 2022 totalled 79,274 block hours compared with 90,363 in the third quarter of 2021."
Shipping-data firm seeks to drive digitization in supply chain industry
New TradeLens CEO Kim Spalding said her goal is “to help drive digitization in the supply chain industry.”
TradeLens, a neutral supply chain platform, utilizes blockchain technology to provide secure tracking and sharing of vital trade information in real time.
Spalding spoke with FreightWaves recently about her background
Increase takes effect Jan. 1, applies to international services billed to US accounts.
DHL Express, the international air express unit of German conglomerate Deutsche Post DHL (NASDAQ: DPSGY), said Friday it will raise tariff rates by 7.9% on all U.S. shipments, effective Jan. 1.
The increase will apply to all international shipments to and from the U.S. that are billed to U.S. accounts, the unit said.
DHL Express does not operate within the domestic U.S.
Xeneta reports 8% decline in October volumes as shipping gets cheaper
The air cargo market continued to unwind 18 months of record gains in October as the global economy slows and consumers tighten their purse strings while spending more on services.
The industry is well into the typical peak season with little sign of increased shipping activity. Demand and rates are falling at a time when both normally climb. Cargojet CEO Ajay Virmani this week called the run-up to the holiday shopping events a “controlled peak.”
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