Business – Page 126
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News
DHL expands Thermonet life sciences stations
DHL GLOBAL FORWARDING will see 15 more certified life sciences stations go live in the second quarter of 2014, primarily in the Americas, Europe, Middle East and Africa regions.Adding to the existing Thermonet network, DHL is expanding the global service for life sciences and healthcare customers with temperature-controlled airfreight shipment ...
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Agility profits up, but cargo revenue drops
KUWAIT-BASED logistics company Agility’s profits rose 11 per cent to KD11.24 million in the first quarter of this year, even though overall revenues dropped by 11 per cent.Weak demand in air cargo continued to impact on the company’s Global Integrated Logistics (GIL) business, which saw its revenues decrease by 15 ...
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IJS Global acquired by Dutch investor
GLOBAL logistics service provider IJS Global has been acquired by Dutch investment company Nimbus.IJS will provide the Netherlands-based entity with its first involvement in the transport and logistics sector, but IJS will continue to be driven from its Amsterdam headquarters with its senior management remaining very much in place, says ...
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Infrastructure issues hold back Latin America
INADEQUATE airport, road and rail infrastructure is threatening the promising economic growth Latin America has enjoyed in recent years.The continent should be building on those gains by augmenting its competitiveness across international markets and global supply chains – but instead it is plagued by excessive internal transport and logistics costs.Average ...
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Hong Kong overbalances and needs a new runway
IT MAY be the world’s most prodigious airfreight nerve centre, but Hong Kong’s exports rose by only 0.1 per cent in the first four months of this year.For a hub of such historic weighty airfreight significance, that seems like a slump. Although imports increased by 2.1 per cent, the trade ...
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Atlas Air: A strong future for wet-leasing
ON THE face of it, this does not seem like a good time to be an ACMI operator.British Airways recently terminated wet-leases on three B747-8Fs and switched to a much smaller capacity-sharing arrangement on Qatar Airways freighters. Carriers as varied as Air France-KLM, EVA Air and Singapore Airlines have all ...
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Middle East booming says Agility
THE Middle East region continues to offer extremely lucrative opportunities for those companies able to take advantage of its emergence as a global logistics hub, stresses Essa Al-Saleh, chief executive of Kuwait-based Agility Global Integrated Logistics.In an address to an emerging markets logistics conference in Dubai, Al-Saleh highlights the outstanding ...
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Glyn Hughes new IATA cargo chief
IATA has appointed Glyn Hughes as its global head of cargo, replacing the retiring Des Vertannes.Hughes joined IATA in 1991 to enhance and expand the Cargo Accounts Settlement Service (CASS), growing it from 35 to nearly 100 operations, while maintaining very low levels of agency default and decreasing overall operating ...
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FPS New Zealand certified to handle consumables
FAMOUS Pacific Shipping (FPS) has won official approval to handle and transport imports and exports of dairy and non-dairy products for human and animal consumption in New Zealand (NZ) and beyond.Awarded by the NZ Ministry for Primary Industries (MPI), certification applies to every element of the supply chain.New Zealand has ...
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DB Schenker strengthens African network
DB SCHENKER is expanding its presence in Africa, by fully integrating Bochimar Lda Luanda (Angola) into its network, following a nine-year regional partnership.The global logistics company has also opened an office in Maputo, Mozambique.“In line with our growth strategy, we continue to intensify our own presence in interesting markets,” says ...
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Global Shippers Forum: Change or lose market share, shippers warn
THERE is bad news and good news for the airfreight industry from Chris Welsh, secretary general of the Global Shippers Forum (GSF). The bad news is that its share of the freight market is under sustained attack from sea and land freight. The good news is that solutions are in ...
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Air cargo cyber crime warning
THE number of cyber crime-related incidents where spyware has been installed within an air cargo operator’s IT system and release codes for containers from terminals have been stolen are rising, warns freight insurance specialist TT Club, writes Thelma Etim, deputy editor.“We see incidents which at first appear to be a ...
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DSV in Swift move for Africa
European logistics group DSV has strengthened its air and sea freight presence in Africa after completing the purchase of DSV Swift.In October 2012, DSV of Denmark bought Dubai's Swift Freight, with annual revenues of US$70 million, taking full ownership of Swift’s subsidiaries in the UAE, China and India.Copenhagen-listed DSV bought ...
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Geodis Wilson goes back to basics
FRENCH-owned global forwarder Geodis Wilson is streamlining its airfreight products as it continues to expand in emerging markets.The company, managing 200,000 tonnes of belly-hold and main-deck cargo per year, is harmonising its airfreight product range and is piloting the new-look portfolio in India.Owned by Geodis Group of France – itself ...
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Hong Kong transhipments soar in first six months
TRANSHIPMENTS through Hong Kong Air Cargo Terminals (Hactl) – the Chinese hub’s biggest independent cargo handler – increased by a whopping 34.2 per cent in the first half of this year, writes Nigel Tomkins, managing director.Overall, the handler saw a 11.5 per cent growth in tonnage through its SuperTerminal 1 ...
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Cargojet: Postal deal delivers
IT IS gratifying in this era of increased belly capacity to report that a freighter airline is not just thriving but planning a major boost to its fleet.In November, Canadian carrier Cargojet will be adding two B767-200Fs and four B767-300Fs to bring its fleet up to 22 aircraft. By January ...
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Fifteen years of insights
IT IS now fifteen years since the Air Cargo News Interviews started (as the Peter Conway Interviews), the first being on 20 August 1999 with Klaus Herms, then chief executive (CEO) of Kuehne + Nagel, writes Peter Conway. Key topics in that interview included a frustration at not having one ...
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Safety videos target lithium battery risk
A series of videos highlighting the potential aircraft fire risks posed by the improper carriage of lithium batteries are now available online.The videos, produced by the UK Civil Aviation Authority (CAA) in association with the US Federal Aviation Administration (FAA), target key airline and airport staff, including cargo handlers.Freely available ...
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Air freight volumes rise for Panalpina
Panalpina saw improved group level profitability in the first half of 2014 as air freight volumes grew four per cent over prior year.However, the Switzerland-based global logistics operator said that unit profitability in both the air and ocean freight segments was affected by a “challenging market”.While air freight rates “remained ...
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IAG Cargo: Making the tough decisions
With air cargo growth still sluggish, with the passenger business continuing to grow, and freighter operations being cut back, one could forgive mainstream airlines for attaching rather less importance to the cargo business than they used to.But is that in fact the case? One person well placed to answer that ...