PURCHASE, NY: April 07, 2016. Atlas Air Worldwide Holdings (AAWH) has completed the acquisition of privately-held Southern Air Holdings for US$110 million in cash without assuming debt.
Southern Air is the parent company of Worldwide Air Logistics Group and its two operating subsidiaries, Southern Air and Florida West International Airways. The company operates five B777 and five B737 CMI (crew, maintenance and insurance) aircraft and is expected to add US$100 million in annualized revenues to Atlas Air Worldwide.
Acknowledging the new business opportunity of Southern Air's B737 CMI fleet, William Flynn, president and CEO of Atlas Air Worldwide commented: "Together, we will be a stronger, more diversified, more profitable company offering access to the widest range of modern, efficient aircraft for domestic, regional and international applications."
In an accompanying forward-looking statement AAWH also pointed out the risks attached to the deal that could include adverse reactions by key customers including DHL Express and the failure to successfully integrate or grow the business of Southern Air.
Dunkerque avoids more trucks
DUNKERQUE: April 07, 2016. Last year the port of Dunkerque increased non-road delivery modes to and from the port 3.0 percent to 52 percent – with rail now 31 percent of the total. Canal and inland waterway traffic was 16 percent while pipleine volumes reached 5.0 percent overall.
Dunkerque remains France's leading port for containerised fruit and vegetable imports; the country's leading port for ore and coal imports; France's largest rail port; the largest waterway port in the region; and the country's third-ranking port for grain traffic.
Rail remained the primary mode for coal and ore with grain increasing to 320,000 tons per annum last year while inland waterways carried 1.3 million tons of grain via the Nord Ports Shuttle to Lille and Dourges and Contargo to Valenciennes.
Port of Dunkerque CEO Stéphane Raison said : "By integrating the traffic of the industrial port area, the port is reinforcing its position as France's foremost rail freight hub with 13.9 million tons. Waterway totals 2.9 million tons, putting [the port] in first place among the inland ports of the Hauts de France Region."
OIA adds Barcelona
PORTLAND, OR: April 04, 2016. OIA Global, a leading logistics, packaging and materials sourcing provider, has opened an office in Barcelona to cater for a growing number of multi-national customers.
“When our clients target a geographic market for expansion, we’re always there to support them,” said David Ower, OIA managing director, Europe.
“Each market is unique, and our team of logistics professionals in Barcelona are there to ensure that our customers have the same seamless experience in Spain as they enjoy in all other markets,” he added.
The Spanish economy is implementing regulatory reform as it recovers from the 2008-09 recession according to the OECD. Mirela Duras, OIA’s Corporate Support manager for Europe explained “the Spanish economy has grown for ten straight quarters, making it a very desirable market to invest in”.
Since its founding in 1988, OIA has grown into a US$1 billion supply chain management company providing customers with global logistics, materials sourcing and packaging design solutions via 60 offices in 25 countries. OIA is a part of Indianapolis-based Lacy Diversified Industries that has more than a century of experience funding and operating high potential, middle-market companies.
Lithium ion batteries now banned
WASHINGTON, DC: April 01, 2016. The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued a safety advisory to shippers relating to action by ICAO to enhance the safe transportation of lithium batteries by air.
ICAO has amended its technical Instructions for the Safe Transport of Dangerous Goods by Air to prohibit the transport of lithium ion cells and batteries as cargo aboard passenger carrying aircraft; that lithium ion cells and batteries be shipped at a state of charge of no more than 30 percent of their rated capacity; and that small packages of so called "Section II" lithium batteries be offered to the operator separately from the general cargo stream and in single package consignments.
The prohibition follows a conclusion from Boeing and other aircraft manufacturers that the fire suppression capabilities in a passenger aircraft Class C cargo compartment may be exceeded where heat and flames generated from "thermal runaway from a single package of lithium ion batteries spreads to adjacent packages leading to a catastrophic loss of the aircraft".