Business – Page 131
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News
Etihad: Expanding on all fronts
To talk to Etihad is to be taken back to the golden age of air cargo - a time of double digit growth, expanding freighter fleets and new belly cargo routes. Once, all air cargo was like this.Full year figures were not yet published at time of writing, but based ...
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Pharma helps K+N airfreight outpace the market
Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year.The Switzerland-based logistics giant’s air cargo increase is more than twice last year’s global market benchmark average of between three and four per cent.K+N, the world’s second largest airfreight forwarder ...
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Losses mount at dampened Damco
Damco, the global logistics arm of Danish shipping group AP Moller Maersk, more than doubled its annual losses to $293m for the full year 2014.The ocean giant parent said that Damco's losses were due to “significant” impairment hits in 2014 and “reduced profitability” in its ocean and airfreight segments.Netherlands- headquartered ...
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Airfreight bolsters Expeditors’ figures
A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors.The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period ...
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Panalpina predicts 3%-4% air cargo market growth in 2015
Panalpina expects the airfreight market to grow by between three and four per cent in 2015, driven by the technology, perishables and industrial consumables sectors.The Switzerland-headquartered multi-modal logistics company predicts that airline rates will “stay the same or even increase in selected trade lanes”, even though there is pressure on ...
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India's Jet Airways to wet-lease Etihad freighter
India’s Jet Airways is to launch dedicated freighter operations using an A330-200F aircraft wet-leased from its strategic-partner, Etihad Airways.Subject to regulatory approvals, the aircraft will fly from an operating base in New Delhi from April 2015 to a number of international and domestic destinations, including Bangalore, Hong Kong, Hanoi and ...
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FedEx sees peak season bounce
US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn.“We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer.Operating results for ...
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Unions call for halt to Cargolux outsourcing plan
The Luxembourg Confederation of Christian Trade Unions (LCGB) has called for a written assurance that Cargolux will not press ahead with a controversial outsourcing plan as the Luxembourg freighter operator seeks to return to profit.The demand came as the LCGB and the OGBL union continued their negotiations on a new ...
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IAG out in front with e-AWBs
IAG Cargo claims that it has the highest e-air waybill (e-AWB) penetration in Europe.As of January, its e-AWB penetration was 34 per cent, well above the industry average of 25 per cent, said the freight arm of British Airways and Iberia.IAG Cargo has made e-AWBs available in more than 160 ...
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Southern Air gets a stablemate
Worldwide Air Logistics Group – owner of Kentucky-based all-cargo carrier Southern Air – is to buy a second freighter operator, Florida West International Airways.It said that acquiring the Miami-based carrier heralded a push into the ACMI (aircraft, crew, maintenance and insurance) sector of the US air cargo market.Florida West is ...
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Rising space keeps loads factors down
Freight and passenger loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity, said IATA in its latest Airlines Financial Monitor for January-February.Airfreight capacity increased slightly in January, but more moderately than at the end of 2014. Most of the slowdown ...
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Lufthansa Cargo's 2014 operating profits up 26.6%
Lufthansa Cargo increased its 2014 operating profit by 26.6 per cent to €100m, despite group-wide pilot strikes and a fall in airfreight revenues and tonnages.Full year revenues at the German flag carrier’s freight arm edged down 0.3 per cent versus 2013 to €2.4bn. Total volumes fell 2.7 per cent to ...
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CHEP wins $20,000 innovation award
Floris Kleijn, IT director and project leader at CHEP Aerospace Solutions, said he was “humbled” to top the delegate poll in IATA’s inaugural Air Cargo Innovation Awards, presented during the World Cargo Symposium (WCS) in Shanghai.CHEP receives $20,000 for its CanTrack ULD tracker, which incorporates a solar panel to solve ...
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Pharma audit "really taking off"
Tom Windmuller, IATA’s senior VP airports, passenger, cargo and security, presented Sebastiaan Scholte, chief executive of Jan de Rijk Logistics and chairman of the Cool Chain Association, with a framed Center of Excellence for Independent Validators (CEIV) Pharma certificate during the World Cargo Symposium (WCS).The ceremony marked the company’s successful ...
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WCS: Air cargo industry needs to modernise
Airlines may be transporting goods worth $6.4trn each year, but the air cargo industry is in “desperate need” of modernisation if it is to capitalise on the international e-commerce opportunity, according to Liu Shaoyong, president of China Eastern.In a welcome address representing the host airline for the IATA World Cargo ...
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DP DHL airfreight up 2.4% to 4m tonnes in 2014
Deutsche Post DHL’s global forwarding arm overcame a weak 2014 first half to record a full year 2.4 per cent increase in airfreight volumes to just over 4m tonnes, versus 2013.Announcing full year 2014 results, the Germany-based global post, express, freight and logistics giant said of its air cargo segment: ...
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WCS: Self service freight boosts Qantas
Qantas Freight is seeing major efficiency benefits after adopting a “self service” system for import collections, writes Martin Roebuck.Bob Labrun, head of operations, told the World Cargo Symposium (WCS) that truck drivers are able to input import collection notifications online at the carrier’s cargo terminals in under a minute, removing ...
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WCS: Shippers slam poor service
If the air cargo community was under any illusion that its efforts to speed up door-to-door delivery and eliminate paper documents are winning over shippers, it may have to think again, writes Martin Roebuck.Two major shippers tore into the industry for its poor service quality and communication in a no-holds-barred ...
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WCS: Hong Kong's CPSL tonnage set to rise
Cathay Pacific Cargo Terminal handled 1.45m tonnes of freight in 2014, its first full year of operation, accounting for 40 per cent of overall throughput at Hong Kong International Airport, writes Martin Roebuck.Kelvin Ko, chief executive of Cathay Pacific Services Ltd (CPSL), which operates the facility, expects tonnage to increase ...
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Cargolux links up with Oman Air
Oman Air has signed a Letter of Intent with Cargolux that enables the European all-cargo carrier to use the Middle East airline's facilities in Muscat, Salalah and Sohar.The agreement includes the launch, on April 15, of Cargolux full freighter services from Luxembourg to India via Oman. The formal signing of ...