All Business Articles – Page 75
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IAG Cargo extends 'Cargo Connector' to Seattle and Houston
IAG CARGO is extending Cargo Connector - a service offering to collect and deliver items weighing less than 300 kilos – to airports in Seattle and Houston.The service allows forwarders to book cargo at short notice, and removes the need for them to pay for their own driver and truck, ...
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Asia Pacific cargo uptick in May
ASIA PACIFIC airlines saw a “healthy growth” in demand for air cargo in May, according to the latest industry data.Preliminary traffic figures from the Association of Asia Pacific Airlines saw International air cargo demand in freight tonne km increase by 4.7 per cent last month, with export shipments to the ...
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iPhone 6 ready to take off?
AIR CARGO commodity – the iPhone 6 – goes into production next month ready for a potential September launch, writes Nigel Tomkins, managing director.Foxconn, the Asian company that handles the bulk of Apple's manufacturing, has been on a gigantic hiring spree for the iPhone 6, according to Taiwanese newspaper reports. ...
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Ethiopian Airlines gets €50m loan for air cargo terminal
ETHIOPIAN Airlines has signed a €50 million loan agreement with the French Development Agency (AFD) to erect a new air cargo terminal at Addis Ababa.“Infrastructure development is one of the four pillars of our fast, profitable and sustainable growth strategic roadmap: Ethiopian Cargo Vision 2025,” reveals Tewolde Gebremariam, chief executive ...
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Good year for Lyon
LAST year was a good one for cargo business at Lyon-Saint Exupéry Airport in France, thanks to additional Emirates SkyCargo capacity.Philippe Bernard, chief executive of Aéroports de Lyon, reports that its cargo business saw outstanding, double-digit growth of 26.5 per cent in 2013, with 42,159 tonnes transported.The upwards trend at ...
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Air China Cargo cash injection
AIR CHINA, Cathay Pacific and a third investor are to pump 2 billion yuan ($321 million) into their Air China Cargo freighter venture.In a website statement, Cathay said that the funds will assist Air China Cargo to “adjust its fleet, to reduce its operating costs and to improve the performance ...
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East-West air freight rates fall in May
DREWRYS weighted average of air freight rates across 21 East-West trades, declined 4.5 points in May to 99.3 points, ending two consecutive months of small pricing gains.Despite the monthly decline, rates remain higher than they were 12 months ago, said the London-based freight consultancy.The Drewry Sea & Air Shipper Insight ...
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Where PR stands for poor relation
THIS is my last comment after some 30 years or so of waking up every single morning and wondering what the rest of the day has in store . . for the worldwide air cargo industry! writes Nigel Tomkins.Pathetic, I know, but on reflection, my partial retirement comes with few ...
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Air cargo tonnage up 7.5 per cent in May
GLOBAL air cargo tonnages saw a 7.5 per cent year-over-year increase in May but a 0.2 per cent yield drop in US$, stated WorldACD in its latest market data report.From April to May, yields fell by 1.9 per cent, “a not unusual seasonal phenomenon,” said the Netherlands-based research house that ...
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Cargolux opts for Telair lightweight ULDs
CARGOLUX is to become the first airline to carry cargo handling systems manufacturer Telair International’s CAEROe ® advanced lightweight unit load devices (ULDs).The all-cargo airline will be using CAEROe ®’s cookie sheet pallets, heavy gross weight pallets and fuel-saving containers on its fleet of B747s.The pallets are up to 40 ...
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Air cargo prices to weaken says Drewry
AIR CARGO pricing is expected to weaken in the coming months, while global airfreight traffic growth will be held back by weaker demand in the intra-Asia region.That is the view of Drewry, the UK-based research house, in its latest briefing on the demand and supply equation for global airfreight and ...
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Chapman Freeborn and Swiss WorldCargo's courier deal
CHAPMAN Freeborn Airchartering and Swiss WorldCargo have agreed a new partnership for delivering time-critical shipments.It means that the global aircraft charter specialist is supporting Swiss WorldCargo with all hand-carry requirements through its worldwide office network.Already an acknowledged global leader for care-intensive cargo services, the agreement will allow Swiss WorldCargo to ...
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Airline cost-saving boost for Jettainer
OUTSOURCED ULD management may not be everyone’s idea of low-hanging fruit, but Jettainer wants to shake the cost saving tree.The 100 per cent Lufthansa Cargo subsidiary has around 80,000 ULDs under its control for 14 airlines, with another three likely to sign up between now and early 2015.Jettainer head of ...
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Global air cargo stabilising, says IATA
AIRFREIGHT markets saw growth levels accelerate in May.IATA data for the month shows that demand measured in freight-tonne-kilometres [FTKs] rose across all regions, but with significant differences in performance.Whilst the Middle East carriers enjoyed 9.3 per cent year-on-year growth, the North American carriers reported 2.4 per cent.The growth trajectory reflects ...
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Air Partner in freight expansion mode
Air Partner has expanded its freight team as it looks to build on its income stream.The UK-based charter broker had revenues of £11.7 million in the financial year ended January 2014, accounting for 5.2 per cent of group turnover, compared with £55.9 million for the private jets division and £148.7 ...
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PACTL achieves tonnage growth
SHANGHAI’S Pudong International Airport Cargo Terminal (PACTL) achieved tonnage growth of 12.36 per cent year-on-year and handled 121,178 tonnes of freight in June.Overall, the cargo terminal saw tonnage rise by 13.78 Per cent to 687,276 tonnes in the first half of this year. “These are the best results achieved for ...
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Swissport sells off ‘unprofitable’ French ground handling services
SWISSPORT France Holding and Servisair – both part of Swissport Group – is to sell its principal ground handling activity in France after struggling to make a profit.The announcement comes after GH Team, co-chaired by Christophe Le Borgne, the current chief executive of Swissport in France, and Adrian Melliger, former ...
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Etihad cargo volumes take off
ETIHAD Cargo is celebrating achieving 27 per cent revenue growth during the first half of this year.The freight division outperformed the global market, carrying 268,713 tonnes of air cargo and mail during the sixth-month period – up 25 per cent year-on-year – contributing significantly to the airline’s overall total revenue ...
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June sees air cargo spurt amid higher fuel costs
RISING jet fuel prices in June marred a slight monthly increase in airfreight volumes in May.The improvement in air cargo demand was consistent with a pick-up in world trade volumes, as well as a small rise in business confidence after a broadly flat trend in prior months, IATA notes.Oil barrel ...
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PACTL spearheads Chinese cool chain excellence
SHANGHAI’S Pudong International Airport (PVG) is a work in progress, with two extra runways and a 3,300 sq m cargo centre for perishable goods just part of the expansion plans for the world’s third largest airfreight hub.Added to that is the emerging Shanghai Free Trade Zone, a pilot project by ...