United Parcel Service will raise its fuel surcharge from the current rate of 0.75 percent to 1 percent, effective Oct. 7. The surcharge applies to both ground and air shipments, and is based on an August jump in the national average of highway diesel fuel prices reported by the U.S. Department of Energy.
Read MoreDanzas, the provider of IT-supported logistics solutions, is strengthening its logistics position in China.
Read MoreFedex Corp unit Federal Express Charter Programs Teaming Arrangement is being awarded a 327.6 mln usd indefinite delivery and indefinite quantity contract to provide for international airlift services, according to a statement released on the Department of Defense website.
The Air Force can issue delivery orders totaling up to the maximum amount indicated above although actual requirements may necessitate less than that.
Solicitation began in March 2002 and negotiations completed July 2002.
Debt-laden German logistics group D Logistics last week sold its air cargo handling arm CSC to rival handler Swissport. The deal, including transfer of property at Heathrow, is understood to be worth slightly more than €100m.
Read MoreDHL Worldwide Express, the international courier company, is believed to be days away from signing a deal with the Airport Authority for the development of an express terminal at Chek Lap Kok.
The agreement will pave the way for DHL and Cathay Pacific Airways to announce later a joint airfreight initiative under which Air Hong Kong will operate cargo flights within Asia on behalf of DHL.
Cathay has already leased its first Airbus A300B4 freighter from US leasing specialist Express.Net Airlines that will be used by Air Hong Kong.
The lease agreement started at the end of June and lasts for 15 months.
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