Archive: March 2018
March 21, 2018
Lufthansa Group Announces ‘Best Results in History’
Congratulations to Germany-based Lufthansa Group, who reported its “best results in history” upon releasing its 2017 financial statement. The carrier’s adjusted earnings before interest and taxes (EBIT) rose 70% compared to the previous year, and revenues rose 12.4% year-over-year.
READ MORE >March 19, 2018
Canada to Review Port System Optimization
Transport Minister Marc Garneau announced a formal review of Canada Port Authorities to optimize their role in the transportation system as strategic assets that support inclusive and sustainable growth and trade.
READ MORE >March 19, 2018
EU and Singapore to Complete Free Trade Deal
Singapore and the European Union (EU) have committed to facilitate the ratification of their trade and investment deal by the end of 2018 and push its entry into force soon thereafter. When passed, it will allow consumers and producers to…
READ MORE >March 14, 2018
90-Day Temporary ELD Waiver Announced for Ag Haulers
The Federal Motor Carrier Safety Administration (FMCSA) has announced an additional 90-day temporary waiver from the electronic logging device rule for agriculture-related transportation. “Once this current ag waiver expires on March 18, we’re going to issue an additional 90-day waiver,”…
READ MORE >March 14, 2018
IATA Symposium Highlights Technology Trends
At a workshop held during IATA’s World Cargo Symposium, moderators sparked an interactive discussion about how technology can be applied to the air cargo business and the hurdles ahead. Whether it’s blockchain, artificial intelligence (A.I.), augmented reality, or the “internet…
READ MORE >March 9, 2018
CBP Releases New E-Commerce Strategy
On March 6, U.S. Customs and Border Protection (CBP) released an e-commerce strategy that addresses the growing volume of imported small packages. The strategy strengthens CBP’s ability to protect health and safety while maintaining a strong trade facilitation posture in e-commerce.
READ MORE >March 9, 2018
Key Sectors Drive Growth in Singapore
Singapore’s Changi Airport is betting that the key sectors of pharmaceuticals, perishables and e-commerce will drive new growth in the months and years ahead. “These three verticals are the key pillars to Singapore’s manufacturing industry,” says Jaisey Yip, a representative…
READ MORE >March 9, 2018
Brussels Airport Expands Cargo Facilities
In response to the recent surge in demand for air cargo services, Brussels Airport (BRU) has announced that it is investing €100 million in expanding its cargo facilities.
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