Business – Page 130
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German shippers join cartel claims lawsuit
German carmaker BMW and car supplier Bosch are joining German railway Deutsche Bahn in a $2.4bn claim for damages against airlines involved in a global air cargo cartel between 1999 and 2006.Spokespeople for BMW and Bosch told Reuters that the companies had joined the lawsuits, announced by Deutsche Bahn’s DB ...
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Transhipment sags but Changi is stable
Singapore Changi Airport’s cargo volumes were stable at 1.84m tonnes in 2014 compared with 2013, although passengers hit a record 54.1m.Flight movements dipped 0.7 per cent to 341,390 for the year. In December 2014, the airport handled 158,600 tonnes of cargo (+1.4 per cent).Total cargo throughput for 2014 was up ...
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Christmas overspend flattens UPS earnings
UPS reported “flat” fourth quarter earnings in the fourth quarter of 2014 compared with the same period in prior year. In fact, earnings per share, at $1.25, were identical to 2013, said the US-based express carrier.It blamed higher than expected peak operating expenses in its home market as the carrier ...
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Stansted flower power
Stansted Airport played cupid as 200 tonnes of flowers arrived in preparation for Valentine’s Day.Freighters have flown in tens of thousands of roses from Kenya and Colombia into the UK hub.Stansted handles around 230,000 tonnes of freight per year on 11,000 cargo flights to and from 200 countries including textiles, ...
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DWC passes 750,000 tonnes in first full year
Airfreight volumes at Dubai World Central (DWC) reached 758,000 tonnes in 2014 compared with 209,000 tonnes in 2013, following the shift of freighter aircraft operators from the older Dubai International airport (DXB).Owner Dubai Airports added that the new UAE gateway also registered robust growth in the 2014 fourth quarter, with ...
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Ménage a trois for Delta
Delta Cargo is to co-locate with Air France-KLM at Paris Charles de Gaulle (CDG) airport.The move brings all three Skyteam Cargo alliance members under one roof and will improve efficiency, said the US carrier. It would also offer more frequent routing options with the benefits of a broader joint network.Delta ...
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DHL Shanghai’s cool chain investment
DHL Global Forwarding has opened a RMB115m (€16m) expansion of its Shanghai air freight terminal, including a new warehouse and 1,600 sq m of cold storage for life sciences and healthcare customers.The logistics arm of Deutsche Post DHL says that its new Shanghai air freight centre has been developed on ...
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Dentressangle extends HK consolidations to the UK
Norbert Dentressangle is extending its Hong Kong air cargo consolidations to the UK, following the launch of a similar service to Paris.With cargo space on flights from China and Hong Kong at a premium in the weeks and months leading up to the Chinese New Year, the freight forwarder will ...
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Saudi freight blooms as Kenya trade flowers
Heightened seasonal demand for Kenyan flowers will see Saudia Cargo boost its freighter capacity from Nairobi to Amsterdam during February by at least six additional B747F flights.The 25 per cent boost on the Africa to Europe route equates to an extra 3,000 tons for the month, supplementing the Middle East ...
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Support grows for Hong Kong's self-funded third runway
Cathay Pacific Airways has reiterated its “unequivocal support” for a third runway at Hong Kong International Airport (HKIA), the world's top cargo hub, believing that the project can be self-funded.Cathay Pacific chief executive Ivan Chu said: “There is an urgent need to move ahead with the third runway project as ...
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IAG Cargo to offer all-in freight rates
IAG Cargo is joining the all-in freight rates club, following the lead set by Emirates SkyCargo and Qatar Airways.A spokesman for the cargo arm of British Airways and Iberia said that it will remove the fuel surcharge and exceptional handling charges “to offer a simpler pricing structure”.He added that the ...
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Is that email really from IATA?
The problem of fraudulent IATA emails has resurfaced again, reports the British International Freight Association.Criminals send emails seeking payment for products, services, or other outstanding amounts due, often using names similar or identical to those of IATA officials.Worryingly, says BIFA, the fraudsters now seem to have mastered the art of ...
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Dachser keeps it in the family
European logistics company Dachser has become a Societas Europaea (SE) – a modern, pan-European company structure – but insists that it will remain a family-owned firm and is not planning to list on the stock market.Dachser spokesman Christian Weber said: “Dachser is and will be a 100 per cent family-owned ...
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APL deal gives Kintetsu global clout
Japanese-owned forwarder Kintetsu World Express (KWE) said its planned acquisition of APL Logistics (APLL) from Singapore-based NOL Group would allow it to combine its air and sea freight expertise with APLL’s logistics and value-added services.It would also give it a management base that can compete on a par with European ...
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Japanese post office swoops for Toll
Toll Holdings, Australia’s largest international logistics company, is to be sold to the Japanese post office in a deal worth A$8bn.The announcement came the day after another giant of the Japanese freight industry, Kintetsu World Express, said that it was buying APL Logistics from Singapore-based shipping operator NOL Group.Toll will ...
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Analysis: Japan's push for logistics growth
Japan Post Office’s move to acquire Australia’s Toll Group is seen by analysts as partly an attempt to stave off sluggishness in Japan’s domestic market.This is true for all Japanese companies, but particularly so for the post office, which is facing weakening demand for traditional mail and parcel delivery services, ...
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CASS cashes in
The Cargo Account Settlement Systems (CASS) airfreight payment scheme hit a record number of transactions in 2014.CASS, operated by IATA, improved on its 2013 figure by 3.6 per cent to reach 18.2m transactions during the year, as against 17.6m in 2013. November also saw the highest ever single month with ...
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2015 looks set for merger and takeover boom
A lower oil price looks set to fuel 2015 mergers and acquisitions (M&A) activity in the transport and logistics sectors.Global consultancy PwC believes that one key driver of improved M&A across modes “will likely be the decline in fuel costs globally, as oil prices have fallen to their lowest level ...
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Closed Manston Airport has freighter potential
Manston Airport in south-east England should be reopened as a potential freighter hub, says the Baltic Air Charter Association (BACA).The Kent gateway, about 60 miles from London, was an important diversionary airport and could potentially become a cargo hub, taking five to ten freighters a day, says London-based BACA, which ...
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Africa: The view of UPS
Q: How have UPS’ operations changed on the African continent over the past two years?A: Connecting with African-domiciled customers is a key to growth, so [we] have been focusing more on the needs of the African customer, both from an export and import perspective. Approaching the African mar-ketplace in this ...