STRA

COM:STRAITAIR

Strait Air Transport

Add to Watchlist
  • Privately Held

FedEx has increased its transatlantic freighter frequencies between Liège, Belgium, and Memphis, USA, from five to eight weekly flights starting April 28. The expansion, utilizing Boeing 777 freighters, strengthens Liège's role as an intercontinental freight hub. Rudi Loontiens, managing director of hub operations, emphasized the strategic importance of the route for global trade and Belgium's infrastructure support.

aircargonews.net

news - Apr 30, 2025 - 11:44

CMA CGM completes Air Belgium acquisition

CMA CGM Group finalized its acquisition of Air Belgium, gaining control of the airline's fleet of four freighters, including two Airbus A330-243Fs and two Boeing 747-8Fs. The acquisition strengthens CMA CGM's air cargo division, with Air Belgium's operations continuing under the CMA CGM brand. The deal follows a 2021-2023 partnership and includes plans to expand CMA CGM's fleet with additional aircraft. Air Belgium, previously facing financial difficulties, was acquired after a failed bid by Air One Belgium.

aircargonews.net

Kintetsu World Express, a Japanese airfreight forwarder, confirmed a ransomware attack that has disrupted its systems for over a week. The attack, attributed to unauthorized third-party access, has caused operational hiccups, though the company has initiated recovery efforts.

theloadstar.com

United Parcel Service (UPS) closed at $97.08, up 0.54% from the previous trading session, but has fallen 16.2% in the past month. The company plans to announce its earnings on April 29, 2025, with expected EPS of $1.45 (up 1.4%) and revenue of $21.16 billion (down 2.51% compared to the year-ago quarter). The Zacks Consensus Estimates predict earnings of $7.71 per share and $87.88 billion in revenue for the entire fiscal year, down -0.13% and -3.5% respectively. UPS's Forward P/E ratio is 12.52, while the industry average is 13.12, indicating a discount to the group. The company's PEG ratio stands at 1.35, suggesting a reasonable valuation compared to its earnings growth rate. Investors should monitor recent shifts in analyst projections and UPS's upcoming earnings release.

sg.finance.yahoo.com

Analysts from various research firms have adjusted their price targets on Expeditors International of Washington, Inc., a leading air freight and logistics company. Wolfe Research has lowered its price target to $93 from $105, maintaining an underperform rating. Other firms like Goldman Sachs, JPMorgan, and TD Cowen have also adjusted their targets, ranging from $108 to $112, with varying ratings.

marketscreener.com

    Description

    Strait Air Transport provides air transportation services and specializes in solutions related to the air freight business, offering full freight forwarding services including ocean, sea/air, road, and rail transport. self-described.