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Cathay Pacific appoints new head of cargo, while Matchback Systems names IT director.
Special charges for new accounting and pension liabilities practices, aircraft retirements and the settlement of independent contractor litigation offset revenue gains and increases in base rates.
DNV and Kane Is Able appoint senior executives, while FPS and the University of Denver's Transportation Institute add to their boards.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.