CEVA Logistics acquires CMA CGM Log in new strategic plan

While CEVA Logistics will continue to handle airfreight, the global company made a strong commitment to the seafreight sector in its revised plan for 2021, which details its new strategy. The new plan followed the release of its third quarter 2018 results two weeks ago, which showed drastic year-over-year decreases in the company’s operating income.[…]

World’s oldest 747 completes final service

The end of the four-engined widebody era got a little closer today, when the world’s oldest 747 in service, operated by of KLM, completed its last flight from Los Angeles (LAX) to Amsterdam Schiphol (AMS). The flight took off from LAX at 13:55 PST yesterday and landed at AMS 9:05 this morning. The 747-400 aircraft[…]

China’s Zhengzhou, Xinzheng airports earn fifth freedom rights

Following continued efforts to construct a “Chinese Memphis,” the State Council of the People’s Republic of China recently stated its approval allowing Zhengzhou Xinzheng (CGO) and Xi’an Xianyang (XIY) international airports the right to each negotiate fifth-freedom cargo services. On Nov. 23, the Chinese State Council published a “Notice on Supporting Measures for Deepening Reform[…]