PayCargo Capital, a sister company of the global online payment platform PayCargo, is working with businesses in the fresh produce supply chain to provide fast and flexible financing for the movement of perishable cargo. Customers of PayCargo in North America can apply for credit of USD50,000 to USD2,500,000 for a 15 to 45-day period. “The use of the PayCargo platform with financing from PayCargo Capital has dramatically helped fresh produce companies, as managing cash flow, paying for … [Read more...] about PayCargo Capital credit facility helps keep fresh produce supply chain moving
Ground Handling & Cargo Terminals
U-Freight charters Russian aircraft to deliver PPE to the Big Apple
The U-Freight Group chartered an Aeroflot passenger aircraft, which had been reconfigured to handle freight only, to airfreight over 2,000 cartons of urgently needed personal protective equipment (PPE) from Beijing to New York. This was the most recent in a number of full aircraft charters that the Hong Kong-based logistics company continues to arrange for a variety of customers across the globe, providing forwarding operations for epidemic prevention materials to fight the spread of the … [Read more...] about U-Freight charters Russian aircraft to deliver PPE to the Big Apple
TT Club publishes workplace guidance to help UK ports through the coronavirus pandemic
As businesses across the UK strive to regain levels of activity with the easing of restrictions, it is imperative to maintain the safety and well-being of all workers and more important than ever for employers to understand the unusual risks that they and their workforce face under unique circumstances. TT Club, a leading international insurance provider specialising in the cargo handling sector and an Associate Member of the British Ports Association (BPA) has prepared a short paper for UK … [Read more...] about TT Club publishes workplace guidance to help UK ports through the coronavirus pandemic
American Airlines continues modernisation journey, launches new AACargo.com booking features
American Airlines continues its commitment to innovation by launching new features to its online booking platform on aacargo.com. These features provide customers with more autonomy when it comes to booking, schedule searching, or submitting claims online. The enhancements come after the initial implementation of the new cargo end-to-end management system on October 1, 2019. Amidst the changes in the industry over the last few months due to the coronavirus pandemic, American has remained … [Read more...] about American Airlines continues modernisation journey, launches new AACargo.com booking features
U-Freight Swedish partner enhances trusted trader status
Six years after Conroute Air & Sea, the exclusive Swedish partner of the U-Freight Group (UFL), was certified by the Swedish Customs authority as an Authorised Economic Operator (AEO-F), its sister company Conroute Logistics has achieved its own AEO-F accreditation. Eva Westling, branch manager Stockholm-Arlanda, who played a key role in Conroute Logistics’ accreditation process says: “We will see tangible benefits of AEO accreditation including fewer physical and documentary examinations … [Read more...] about U-Freight Swedish partner enhances trusted trader status
Industry losses to top $84 billion in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 percent. Revenues will fall 50 percent to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. “Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this … [Read more...] about Industry losses to top $84 billion in 2020, says IATA