STAT Media Group

𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐝𝐫𝐨𝐩𝐬 90% 𝐢𝐧 𝐭𝐰𝐨 𝐲𝐞𝐚𝐫𝐬, 𝐬𝐚𝐲𝐬 𝐌𝐜𝐊𝐢𝐧𝐬𝐞𝐲 After reaching an unprecedented $25.6 billion in 2021, venture funding for logistics start-ups fell to just $2.9 billion in 2023 — a two-year plunge of nearly 90 percent, and the lowest level of funding since 2015. "A number of factors are driving this sharp pullback by investors, including high interest rates (which curb venture investment in general), a global slowdown in the shipping industry (as consumers shift spending away from physical goods toward services), and a market in which excess capacity among cargo carriers is driving down freight rates," says Dr. Ludwig Hausmann, Ann-Kathrin Baum, Olivia Cardenal, Tobias Wölfel and Pete Gornall of McKinsey & Company in their latest report. ✈️Follow STAT Times. for the latest updates in air cargo and aviation.✅🌍 #McKinsey #Covid #Delhivery #Zipline #XpressBees #logistics Read more: https://lnkd.in/dJEH5Neb

Airport Authority Hong Kong (AAHK) released the air traffic statistics for Hong Kong International Aviation Academy (HKIA) for June 2024 with cargo throughput maintaining its rising momentum and recording a double-digit year-on-year growth for six consecutive months in the first half of 2024. Cissy Chan, Executive Director, Commercial of Airport Authority Hong Kong, said, “As the world’s busiest cargo airport and the international cargo gateway for the Greater Bay Area, we have been enhancing our cargo services and capabilities by leveraging the extensive air network and the state-of-the-art cargo facilities at HKIA. We will continue to provide unparalleled cargo service, and reinforce our role as the leading cargo airport in the world.” ✈️Follow STAT Times. for the latest updates in air cargo and aviation.✅🌍 #AirportAuthorityHongKong #AAHK #HongKongInternationalAirport #HKIA #aircargo #aircraft Read More: https://lnkd.in/dkVTYzKb

Air France-KLM Group reported a four percent decline in traffic cargo revenue at €462 million for the second quarter of 2024 while the first half of the year saw revenue drop 14 percent to €903 million. "In particular, Asia is performing well, driven by e-commerce and the Red Sea disruption. In response to market dynamics, a part of the group’s full freighter capacity is being redeployed to Asia. Additionally, a block agreement was signed with China Cargo Airlines, marking a new step in cooperation and enhancing our presence in this major cargo market." ✈️Follow STAT Times. for the latest updates in air cargo and aviation.✅🌍 #AirFranceKLMGroup #AirFranceKLM #Asia #China #aircargo #aircraft Read More: https://lnkd.in/dKDHYy7Q

"It is also a case that the lower end of spot market will eventually increase as an overall #marketspike progresses." "By the end of June, the market-high rate was $5,640 per FEU higher than at the end of December while the market-low had risen by just $1,200 per FEU," says an update from Xeneta. #xeneta #ContainerShipping #Shipping #Logistics #SupplyChain #FreightRates #LUAShipping Read More: https://lnkd.in/dyq6z3BK

The Indian e-commerce market will reach $300 billion soon, states Shiprocket, India's one of the largest e-commerce enablement platforms founded in 2017. With a population of over 1.41 billion people, 2.6 million registered companies, and 64 million small businesses, India is a highly attractive market for #ecommerce brands. Additionally, with the majority (65%) of the population under the age of 35, #India presents a tech-savvy demographic, signalling the significant potential for digital brands to tap into this market. Saahil Goel | Akshay Ghulati | Somil Agrawal #IndiaEcommerce #EcommerceGrowth #DigitalIndia #Shiprocket #DigitalBrands #StartupIndia #EcommerceFuture #logistic #ITLNLogistics Read More: https://lnkd.in/dyRGKiQR

Higher revenue for #logistics business, boosted by consolidation of Bolloré Logistics since February 29, 2024 CMA CGM Group reported a 50 percent decline in net income at $661 million for the second quarter of 2024 compared to $1.3 billion in Q22023 on various investments including contribution to the endowment fund launched with Bpifrance. Rodolphe SAADE, #CMACGMGroup #CMACGMAirCargo #CEVALogistics #BolloreLogistics #Shipping #RevenueGrowth #logistics #ITLNLogistics #InvestmentImpact 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/d7k47JnM

🚀 Take your knowledge to the next level with a lineup of dynamic keynote speakers at ASCM CONNECT 2024: North America. You’ll gain new perspectives, insights and inspiration from this amazing keynote lineup: ➡ Arianna Huffington, Founder and CEO of Thrive Global and Founder of The Huffington Post. ➡ David Edelman, Senior Lecturer of Business Administration at the Harvard Business School. ➡ Guenther Steiner, Former Principle of the Haas F1 Team and current F1 commentator. 👉 Join us for unparalleled supply chain learning, networking and fun at ASCM CONNECT 2024 in Austin, Texas on September 9-11. Secure your spot today! https://bit.ly/4fk74CE #ascmconnect #austin #supplychainmanagement #logistics #F1 #operations #RevUpatCONNECT

First look! 👀 ASCM board, staff, and special guests got an exclusive sneak peek of The Chain documentary earlier today in Chicago. This documentary, produced by ASCM and Wag Entertainment LTD, dives deep into supply chain challenges and unveils innovative solutions for a brighter future. 💡 Learn more about The Chain at https://bit.ly/3SpVKD1 #ASCMTheChain #supplychain #documentary #ascm #supplychainmanagement

LATAM Cargo Group announced an expansion of its Miami-São José dos Campos service, increasing flights from two to three times per week. Effective immediately, flights will be available on Mondays, Wednesdays and Fridays. “We are very pleased with this announcement, which reinforces our commitment to our customers in Brazil,” says Otávio Meneguette, Commercial Director, LATAM Airlines Cargo Brazil. “This international route is crucial for São José dos Campos and the São Paulo interior as it facilitates the import of supplies and electronic equipment for the Vale do Paraíba industrial chain. ✈️Follow STAT Times. for the latest updates in air cargo and aviation.✅🌍 #LATAMCargo #MiamiSãoJosédosCampos #Mondays #Wednesdays #Fridays #aircargo #aircraft 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞: https://lnkd.in/dc2wxbSa

DHL Express Spain announced plans to invest more than €40 million to develop a new European aircraft maintenance hangar in Vitoria-Gasteiz, reinforcing Spain's role in the company's global strategy. "We are excited to confirm that DHL Express' new European aircraft maintenance hangar will be located in Vitoria-Gasteiz. It is key to securing our aircraft maintenance capacity for the coming years based on the expected business growth," says Jesus Sanchez Revuelta Senior Vice President, Hubs & Gateways, DHL Express Europe. "The facility will not only alleviate pressure on Leipzig's repair operations but also provide opportunities for local skilled workers, particularly aviation technicians." ✈️Follow STAT Times. for the latest updates in air cargo and aviation.✅🌍 Tomas Holgado, #DHLExpress #VitoriaAirport #DHL #Europe #Leipzig #Germany #aircargo #aircraft 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞: https://lnkd.in/dxmFyQuh