All Business Articles – Page 63
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News
Capacity flood threatens profitability, warns IATA
Flooding-in of capacity, weak trade, lower yields and rising fuel costs are the key risks for air cargo profitability, said IATA in its latest quarterly Cargo Market Analysis.While the outlook for trade is sluggish, with global economic growth expected to decelerate in 2016, an expansion in export orders and strong ...
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ACS to the rescue again in Haiti
Air Charter Service (ACS) has arranged several cargo and passenger charter flights to Haiti, following Hurricane Matthew earlier this month which left at least 1,300 people dead and more than 35,000 homeless.ACS group commercial director, Justin Lancaster, said that ACS first operated a passenger flight, carrying teams to assess the ...
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Jet-setters lift ACS business
London-based Air Charter Service had its best month on record in July, despite a fall in UK cargo business.Group chief executive, Justin Bowman said the company had organised more than 1,100 charters in the month, or one every 36 minutes.He added: “Full cargo charter numbers did appear to suffer a ...
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Pelican signs up new distribution partners in Asia
Pelican BioThermal, a provider of temperature-controlled packaging solutions designed for the life sciences industry, has expanded its presence in Asia by signing up two new distribution partners in the region.It has joined forces with Pharmaserv Express of the Philippines and CMC Element of China.Pharmaserv Express transports pharmaceutical products in the ...
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Terrorism and falling yields dent airline confidence
Airline finance chiefs and heads of cargo said that they do not expect profits to improve over the next 12 months, according to IATA’s latest quarterly survey of airline business confidence.The results, based on a survey carried out in early July, also show that industry profitability fell slightly year-on-year during ...
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Website launch to fill cargo charters' empty legs
A new website for the worldwide aviation charter market is designed to allow the operators and brokers to list their empty leg flights in the search for return loads.The founder and brainchild of Flyemptyleg.com, Paul Ludick, said: “It’s about time that charter companies are being allowed and supported to promote ...
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Shanghai Air Cargo Summit set for June
Shanghai will play host to Air Cargo Summit, a new industry networking event taking place at the Hyatt on the Bund from 12-15 June 2016.The event will see visits to Air Cargo China & Transport Logistics China, taking place from 14-16 June at the Shanghai New International Expo Centre, and ...
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Antonov denies liquidation reports
Antonov has denied reports that the company has been liquidated, pointing out that the manufacturer has actually been transferred to a different state concern.Several media reports have carried stories on the demise on the iconic aircraft manufacturer over the last few days.In response, the company said it had transferred the ...
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'The best of times and the worst of times'
IT WAS the best of times, it was the worst of times, the age of wisdom, the age of foolishness, according to Charles Dickens in A Tale of Two Cities.He might well have been talking about global air cargo in the year 2012. At the start of 2013, there are ...
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We’re in this together
MEANINGFUL partnerships may be the new way forward for competing air cargo companies.When there is too much capacity, when prices are at rock bottom and yields are in decline, when shippers are modal-shifting to sea, when economies of scale are desperately required – maybe that is the time to turn ...
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War of words erupts between powerful new airline group and leading airports association
Five of Europe’s largest airlines have formed a new association to lobby against rising costs and have immediately taken aim at the continent’s airports.The new Airlines for Europe (AFE) group has been formed by IAG, Air France-KLM, Lufthansa, easyjet and Ryanair and hopes to attract more members over the coming ...
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Aircraft orders monthly: China Southern, China Postal and Turkish place aircraft orders in December
Each month Air Cargo News analyses the latest aircraft orders, both passenger and freighter.China Southern Airlines' commits to 80 B737s and 10 A330-300China Southern Airlines has announced a commitment to purchase 80 B737s and 10 A330-300s.The Boeing commitment includes a combination of 30 Next-Generation 737s and 50 737 MAX airplanes, ...
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Flat picture for freight at world airports
World airfreight was significantly weaker than passenger traffic, inching up by only 0.3% in October, reports Airports Council International (ACI). International freight grew by 0.3% and domestic only 0.2%.The results for major freight hubs were mixed, with Dubai reporting a 10% increase in freight while Frankfurt, Tokyo-Narita and Taipei seeing ...
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DSV target UTi sees airfreight volumes slide as it stays in the red
DSV takeover target UTi remained in the red during its financial third quarter, while airfreight volumes also suffered a double-digit decline.The company recorded a 17.9% year-on-year decline in revenues to $884.7m during the quarter ended October 31 while it recorded a net loss of $32.7m compared to $33.7m last year.It ...
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Africa: Home-grown talent boosts all-cargo sector
To date, there have been few African freighter operators on the continent, and almost no all-cargo carriers. That has started to change with the arrival of Astral Aviation in Kenya and Khuphuka Kings Airways in South Africa.Khuphuka, operating out of Durban King Shaka airport, started cargo services in early 2014 ...
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Stand-alone success for Europa Air & Sea
The Europa Air & Sea division of logistics operator, Europa Worldwide Group, said its airfreight import volumes grew 3% in August 2015 compared with the same month last year.Dartford, UK-based Europa Worldwide Group said its Air & Sea division had gone “from strength to strength” after it was launched as ...
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European airlines see cargo volumes fall in September
Major European airlines had another tough month in September as IAG Cargo, Lufthansa and Finnair all recorded cargo volume declines, although Air France KLM did see a strike-related increase.The busiest of the four carrier groups, Lufthansa, continues to have a tough year as volumes continue track behind last year's levels.In ...
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DSV's takeover of UTi to create world's eighth largest air forwarder
DSV’s takeover of UTi is set to push the Danish firm into the world’s top ten airfreight forwarders from its current position just inside the top 20.Based on 2014 volumes from consultancy Armstrong & Associates, the takeover will see DSV’s airfreight volumes increase to 655,662 metric tons from 287,662.This would ...
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How should air cargo companies react to the development of 3D printing?
Expected increases in the use of 3D printing should encourage air cargo companies to begin thinking about how their business should react to the development, according to one speaker at the Caspian Air Cargo Summit.PwC Strategy US vice president Andrew Schmahl told delegates at the conference that the use of ...
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GEFCO says more acquisitions to come following IJS Global deal
Expansionist logistics firm GEFCO will target more acquisitions, following yesterday’s move for forwarder IJS Global, as it strives to double its turnover.The Russian Railways majority-owned company has ambitions to increase turnover from €4bn to €8bn by 2020.As part of this growth, forwarding arm GEFCO Overseas has the target of increasing ...