All Business Articles – Page 37
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NewsDelta makes changes to cargo leadership team
Vishal Bhatnagar (left) and Jannie Davel (right)Delta Air Lines has made changes to its commercial and operations leadership within its cargo division.Effective immediately, the carrier has appointed Jannie Davel into the role of managing director, commercial, and has also promoted Vishal Bhatnagar to managing director, global cargo operations.Davel has more ...
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The insurance implications for airlines carrying Covid-19 vaccine cargo
In this guest-written article, Philip Clayton and Andy Bowman of risk management, insurance brokerage and advisory company Willis Towers Watson explore the insurance implications of carrying Covid-19 vaccines in air cargo.Covid-19 vaccine distribution may be an exciting opportunity for cash-strapped airlines, but carriers will need to work with their insurers ...
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Air Cargo News’ Top 10 most read in 2020
It’s fair to say that last year was a year like no other for the airfreight industry.Yet, as ever, the Air Cargo News was happy to keep you up-to-date with the latest news — the good, the bad and the unprecedented.And our reader numbers continue to rise, with pages read ...
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Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
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NewsSEKO looks to acquisitions following investment
James T. Gagne - SEKO LogisticsSEKO Logistics is targeting additional acquisitions, technology development and growth in key geographies after securing investment from Ridgemont Equity Partners.The deal will see the logistics firm's current majority shareholder, Greenbriar Equity Group, divest its stake but remain an equity owner. Terms of the transaction were ...
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NewsAir cargo continues to improve in November but Covid vaccine to add pressure
Air cargo demand continued to improve in November, while load factors remain high due to the loss of bellyhold capacity, according to the latest statistics from IATA.The airline association's data shows that during the peak season month, air cargo tonne kms declined by 6.6% compared with a year earlier. Over ...
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NewsCEVA continues expansion in Africa with another investment
CEVA Logistics has continued its "strategic" African expansion with an investment in a Moroccan freight forwarder.The freight forwarder today announced the purchase of the ASTI Group in Morocco.CEVA said the two companies had been working together for more than two decades and have delivered a range of multi-modal services to ...
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DSV Panalpina completes Prime Cargo takeover
DSV Panalpina has completed the acquisition of Prime Cargo’s activities in Denmark, Poland and China from Japan-based forwarder Mitsui-Soko Group.Prime Cargo is headquartered in Kolding, Denmark, but operates internationally and also has freight, warehousing and logistics activities in both Poland and China. It specialises in e-commerce and fashion retail.“DSV Panalpina ...
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NewsRhenus Group expands in Mexico with new forwarding branch
Pamela Osornio, Managing Director for Rhenus Mexico. Picture source: Rhenus SE & Co. KG.Logistics firm the Rhenus Group has recently expanded its air and ocean division for the Americas to include Mexico City.The new branch will offer cross-border services to facilitate trade between the US and Mexico.The company said that ...
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NewsWorldACD: Air cargo demand dips in November but rates rise
Air cargo's gradual demand recovery slowed in November, but there were signs that volumes were picking up again in December, according to data provider WorldACD.The company's data for the month of November shows that in "a year like no other" volumes declined by 12.6% year on year but rates experienced ...
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NewsCEVA expands in Africa with deals in Ethiopia and Egypt
CEVA Logistics has expanded its presence in the African market through investments in companies in Egypt and Ethiopia.In Egypt, the company has taken a majority stake in IBA Freight Services, its exclusive partner for the past 20 years, while in Ethiopia CEVA has taken a minority stake in MACCFA, a ...
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Forwarding market set to rebound in 2021
The global freight forwarding market experienced its most challenging year to date amid the Covid-19 pandemic, contracting 9% year-on-year. However, it is expected to rebound in the years ahead, according to industry analyst Transport Intelligence (Ti).With promising developments with regard to a Covid-19 vaccine, the International Monetary Fund (IMF) has ...
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Cost a key factor in environmental modal shift
Maintenance of product quality and cost savings are two key motivating factors behind shippers moves to shift from air to ocean on environmental grounds.Responding to the news that salmon farmer Hiddenfjord had decided to drop airfreight completely on environmental grounds, Cool Chain Association (CCA) board chairman Stavros Evangelakakis said that ...
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NewsPilot Freight Services names newest board member
Logistics provider Pilot Freight Services has appointed Teresa M Finley to its board of directors.Finley currently serves as a senior advisor to Boston Consulting Group, a global management consulting firm, where she provides transportation and logistics expertise.Finley has more than 30 years of experience in the industry and most recently ...
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EU reveals no-deal Brexit supply chain contingency plans
The European Union (EU) has revealed its contingency plans to keep transport operations moving in case of a no-deal Brexit.The temporary six-month measures will allow airlines from the UK to operate flights across the bloc, while hauliers will be able to use EU states' roads.The move was welcomed by supply ...
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Air New Zealand set to expand international cargo operations
Air New Zealand will expand its international air cargo operations following the launch of the second phase of a government supply chain support scheme.The airline will operate around 55 international flights per week after the government announced phase two of the International Air Freight Capacity (IAFC) Scheme that aims to ...
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NewsDSV Panalpina expands in Africa with another acquisition
DSV Panalpina is expanding its presence in Africa with the acquisition of Globeflight Worldwide Express, a South Africa-based courier company .As part of the acquisition, which is expected to close in around three months subject to regulatory approvals, DSV Panalpina will take over all of Globeflight’s operations in South Africa ...
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Liege Airport achieves 1m tonne milestone
Liege Airport has handled 1m tonnes of cargo and marked the milestone as a "historic and symbolic day".The milestone was reached when an Airbridge Cargo flight, chartered by Chinese company HongYuan, touched down at the airport.Cargo on the flight — including the millionth tonne — was processed by WFS and ...
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IATA: Cargo demand set to return to near 2019 levels next year
Air cargo volumes are expected to return to near 2019 levels next year, according to IATA’s latest market forecast.The airline association said that improved business confidence and the important role that air cargo should play in vaccine distribution is expected to see cargo volumes grow to 61.2m tonnes, essentially matching ...
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NewsMarket recovery slows in early November
The air cargo market's gradual recovery appears to have slowed in the first two weeks of November as demand and load factors plateaued, according to WorldACD data.Figures for the first half of the month show that volumes stood at 48% of the October total, meanwhile the average load factors for ...