Business – Page 121
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Panalpina suffers Q2 airfreight declines
Panalpina lost ground on its airfreight rivals during the second quarter of the year as key market segments came under pressure, while profits took a hit on currency exchange.The Switzerland-based freight forwarder recorded a 5% decline in volumes compared with last year to 203,000 tonnes, which it blamed on lower ...
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UPDATE: European shippers want lithium battery solutions not bans
European shippers would like to see new solutions developed to increase the safety of transporting lithium-ion batteries by air rather than blanket bans that stop them being flown at all.Speaking just days after Boeing sent an advisory out to airline customers recommending carriers no longer transport lithium-ion batteries as bellyhold ...
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Swissport revenue surge as air cargo recovers
Acquisitions, new business and a recovering air cargo industry saw Swissport report a 38 per cent increase in 2014 revenues to SFr2.9bn.The Switzerland-based provider of airport ground and cargo handling services said that aviation industry trends last year included outsourcing, growing passenger numbers in line with capacities and “an air ...
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Safety first as Air Canada says no to snubbed-nosed dogs and cats
Air Canada will no longer allow the transport of snubbed-nosed dog and cat breeds as cargo or checked baggage on health and safety grounds.The airline said that from today snubbed-nosed breeds, such as pugs, bulldogs and Japanese chin dogs and persian and burmese cats, would no longer be accepted because ...
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IAG's Aer Lingus deal edges forward
IAG’s drawn out acquisition of Irish carrier Aer Lingus edged forward yesterday when the European Commission (EC) approved the deal as long as certain conditions are met.The owner of British Airways and Iberia was yesterday told by the EC’s competition authority that it would approve the deal as long as ...
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UPDATE: First half air cargo boost for K+N
Kuehne + Nagel delivered a "sensational" airfreight performance in the first half of the year as export increases from Europe, North America and Asia helped the logistics giant outpace the airfreight market with a 5.2% rise in volumes to 610,000 tonnes.In addition, said Switzerland-based K+N, the expansion of services for ...
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FedEx freighter deal 'on the agenda' - Bloomberg
FedEx senior management met at the weekend to discuss a $5bn order for at least 25 Boeing 767 freighters, according to the Bloomberg news agency.Citing “two people familiar with the matter”, Bloomberg said that the US parcel giant’s directors met in the Seattle area over the weekend, where the deal ...
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TIACA appoints new board members
TIACA has added five new members from Asia, Europe, and North America to its Board of Directors as it continues to expand its scope of representation.The new board members come from a range of companies: an integrator, a charterer, an all cargo carrier, and an airport company are all represented.TIACA ...
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UPDATE: XPO gains injunction against Norbert Dentressangle shareholder
XPO Logistics has won an injunction against one of the shareholders of Norbert Dentressangle as it attempts to acquire all of the shares in the French logistics giant.XPO, which in June completed a deal to purchase the Dentressangle family’s 67% shareholding in the logistics firm, has been pushing ahead with ...
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Protesters cause Heathrow disruption
Protesters against expansion at Heathrow have caused delays and cancellations to flights this morning after they gained access to the airport’s runway.At 03.30 this morning, members of the Plane Stupid protest group managed to cut through a fence and chain themselves together on the runway causing 13 flights to be ...
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Cooperation takes away the pain of new security rules
The International Air Cargo Organisation (TIACA) has welcomed new World Customs Organisation rules on safer and easier international trade.WCO has formally adopted the so–called ‘7 + 1’ data set for risk data analysis, helping to standardise basic Pre-Loading Advance Cargo Information (PLACI) processes.It forms part of WCO’s SAFE Framework of ...
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Heathrow starts planning for third runway
Heathrow has already started planning for the delivery of a third runway, even though the UK Government has yet to make a final decision on how to expand airport capacity in the southeast of the country.In his first speech since the Airports Commission recommended a third runway at Heathrow over ...
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Heathrow backed by Airports Commission report
The Airports Commission has backed expansion at Heathrow airport over Gatwick in its long awaited recommendation to the government.The Commission considered three schemes for expansion: a new 3,500 m runway at Heathrow, an extension of the existing northern runway at Heathrow, or a new runway at Gatwick Airport.But in the ...
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The battle for Heathrow Runway 3 is not yet won
Freight industry and business leaders welcomed the Airports Commission’s recommendation to build a third runway at Heathrow, but warned that there was still a long way to go before the plan becomes a reality.The British International Freight Association (BIFA) backed its call to push ahead with the expansion of aviation ...
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Gatwick says it's still in the expansion race as Heathrow welcomes commission backing
Gatwick Airport has vowed to continue to fight for expansion, while Heathrow has welcomed today’s Airports Commission report backing its plans to build a new runway.In a press release issued shortly after the Airports Commission report, Gatwick Airport chief executive Stewart Wingate refused to admit defeat.“Gatwick is still very much ...
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Jetpak flies in to the UK
Door to door courier Jetpak has extended its service to the UK, following its recent expansion into the Netherlands market. The Nordic-based company says that it will use commercial flights from and to London Heathrow, Birmingham, Manchester and Aberdeen to offer connections to over 140 airports in Europe and Scandinavia.Jetpak ...
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FedEx-TNT deal edges forward
FedEx’s potential $4.8bn takeover of TNT has edged further forward as the US express giant has filed regulatory paperwork to the European Commission.Over the weekend, the New York Stock Exchange-listed logistics company confirmed it had submitted the required filing to the EC to obtain regulatory clearance in connection with the ...
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CAAC denies Chinese cargo carrier merger remarks
The Civil Aviation Authority of China has denied remarks attributed to it that suggest the country’s leading air cargo carriers are set to merge.Yesterday, news agency Reuters carried reports suggesting that China's Civil Aviation Administration deputy director Zhou Laizhen had said that Air China Cargo, China Cargo Airlines and China ...
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Chinese cargo carriers set for merger?
Update: Three of China’s largest cargo airlines look set to merge in a move that would form Asia’s largest airfreight carrier.According to Reuters, China's Civil Aviation Administration deputy director Zhou Laizhen said on Wednesday night that Air China Cargo, China Cargo Airlines and China Southern Cargo were exploring merger options.No ...
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Volga-Dnepr eyes billion dollar B747-8F expansion
Volga-Dnepr has signed a memorandum of understanding with Boeing to further its fleet expansion with 20 additional B747-8 freighters, with a list price value worth $7.4bn.The additional 20 airplanes will be acquired through a mix of direct purchases and leasing over the next seven years, the companies said in a ...