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The international freight forwarding and supply chain management solutions provider will strengthen its global footprint through a franchise program.
Terms of the six-year agreement were not disclosed, as the deal must still be reviewed by the union's joint executive council and ratified by over 4,000 pilots.
A fire broke out in a container onboard the United Arab Shipping Co. vessel Alula in the early hours of Friday morning as it arrived at Waltershof harbor, according to a statement from the city of Hamburg, Germany.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.