Business – Page 128
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eAWB take-up hits its stride
August set the record for the fastest month for e-AWB growth, at 2% globally. Adoption speed is now four times that of the same period last year. There are now 20 airlines that have achieved over 20% e-AWB penetration, compared with only seven at the start of the year. Airports ...
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Air cargo leaders call for collaboration
Greater collaboration between the air cargo industry and regulators is essential to deliver safe, reliable and efficient global trade, according to the Chairman of The International Air Cargo Association, Oliver Evans.Speaking at the opening of TIACA’s Air Cargo Forum at Seoul’s Incheon Airport on October 7, Evans told delegates that ...
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Formula One arrives in Sochi
Three flights conveying Formula One racing cars and spare parts from Nagoya following the Japanese Grand Prix arrived at Sochi International Airport on October 7, as part of the preparations for the forthcoming Russian Grand Prix.Operated by the Basel Aero subsidiary of Russian industrial group Basic Element, the airport lies ...
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United Cargo: A dutchman in America
Jan Krems may have just taken over as president cargo at United Airlines after a 27-year career with KLM (Air France-KLM since 2005), but he is no stranger either to the US or to the weather in his new Chicago base.He was for four years based in the Windy City ...
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Regulators and demanding customers force the pace on e-freight
Modal shift is occurring in part because of the air cargo industry’s snail-paced adoption of e-freight and reluctance to share data. Airlines and forwarders are looking after their own interests when they should be “protecting air freight as a mode,” according to James Fernandez, VP global commercial operations at technology ...
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Why China still depends on Hong Kong
As the civil unrest on the streets of Hong Kong gradually abates, the interesting question emerges of whether China needs the former British colony just as much as Hong Kong needs China.Mark Whitehead, CEO of handler Hong Kong Air Cargo Terminals Limited (Hactl), is clear that the relationship is two-way, ...
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Tone of cautious optimism for final quarter of 2014 for global air cargo
"The air cargo industry is seeing stability" Michael Steen, Executive Vice President & Chief Commercial Officer, Atlas Air Worldwide Holdings told attendees at Cargo Facts Aircraft Symposium in Miami. "The question to ask" he added, "Is it sustainable growth? While there is solid growth in many markets of between 3-5% ...
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Kuehne + Nagel: Simplicity is the solution
For airlines worried about the shift of cargo from air to sea, Tim Scharwath, executive vice president air logistics for Kuehne + Nagel, has both good and bad news. The bad news is that yes, air freight is playing a smaller role in the logistics of some key industries than ...
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Panalpina airfreight sees stable growth
INTERNATIONAL freight forwarding and logistics company Panalpina maintained overall profitability in the first nine months of 2014. Undeterred by ongoing restructuring, airfreight volumes grew four percent year-to-date, but unit profitability decreased due to margin pressure and currency effects.“We have managed to keep up profitability in the first nine months of ...
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Eastward push for global trade
A substantial shift to emerging economies is pushing eastward the world’s economic centre of gravity, says global logistics giant DHL in its latest study.The third edition of DHL’s Global Connectedness Index (GCI) indicates that emerging countries are now involved in the majority of "international interactions".This is in contrast to pre-2010, ...
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Cargolux: Betting big on China
How many B747-8 freighter flights between Zhengzhou and Luxembourg can the market sustain? That was the question when Cargolux announced that it was to sell a 35 percent stake to Henan Civil Aviation and Investment Company Ltd (HNCA), an enterprise owned by the Chinese province of Henan.The deal, completed in ...
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Double digit boost for Expeditors
Expeditors International recorded double digit volume growth for both air and ocean freight in the 2014 third quarter, the first time this has happened since the last three months of 2010.The US-based global logistics operator said: "These 2014 third quarter results have given us a great deal of confidence,” adding ...
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CEVA air freight volumes on the up
Supply chain specialist CEVA reports that its third quarter airfreight volumes rose five per cent over prior year, ahead of the market.CEVA also announced that it is adopting a local, rather than region-based, operating model.Xavier Urbain, chief executive of CEVA, said: “For our customers, local ownership of execution is very ...
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DP DHL: air freight in Q3 surge
New business helped logistics giant Deutsche Post DHL record a 2.3 per cent growth in air freight volumes to 2.97m tonnes in the first nine months of 2014 versus prior year, outpacing sector revenues that edged ahead 0.6 per cent to E3.7bn.However, third-quarter air cargo volumes climbed “significantly” by 4.8 ...
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Agility shows growth
GLOBAL forwarder Agility's third quarter revenues were KD337m, a three per cent increase from the same period a year earlier, with a profit rise of seven per cent to KD13m.For the first nine months of 2014, the Kuwait-based global logistics operator reported a net profit of KD37.1m, an increase of ...
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Dubai aviation's big bucks for the local economy
Dubai’s aviation sector contributed $26.7bn to the local economy in 2013, almost 27% of the emirate's GDP.A report by global research firm Oxford Economics found that Emirates airline, Dubai Airports and the aviation sector as a whole supported a total of 416,500 jobs, accounting for 21% of total employment.The objective ...
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Fraport consortium wins tender for 14 Greek airports
Fraport Frankfurt Airport Services Worldwide and its partner Copelouzos Group have been selected as preferred investors for a 40-year operating concession covering 14 regional airports in Greece.The concession, priced by the winning consortium at Euro1.2bn, sees the previously government-operated sites move into private hands after a tender process run as ...
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DB Schenker seeks $2.5bn in cargo cartel compensation
German logistics giant DB Schenker is seeking estimated damages of $2.5bn after filing lawsuits in US and Germany against airlines involved in a global air cargo cartel between 1999 and 2006.It has warned that the total damages could add up to more than $3.3bn.The parent company, German rail operator Deutsche ...
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Heathrow volumes rise in November
A surge in cargo to Mexico, Brazil, India and Turkey helped London-Heathrow airport freight volumes rise 2.3 per cent in November to 136,400 tonnes, compared with like month 2013.For the 11 months in the year to date, the UK’s top air cargo hub registered an overall 5.3 per cent increase ...
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Top five sign roadmap to combat cybercrime
Five major international aviation organisations have agreed a “common roadmap” to combat attacks from hackers and other cyber criminals.The group is made up of the International Civil Aviation Organization (ICAO), Airports Council International (ACI), the Civil Air Navigation Services Organisation (CANSO), the International Air Transport Association (IATA) and the International ...