Business – Page 135
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News
Emirates profits soar
THE Emirates Group recorded its 26th consecutive year of profits in 2013.The company posted a US$1.1bn profit – 32 per cent up on the previous year.Its revenue climbed to $23.9bn, 13 per cent higher, despite competitive pressures and the slow global economic recovery.Cargo’s contribution was impressive, with Emirates SkyCargo for ...
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One Question
John Lloyd, director of cargo, Virgin Atlantic, answers: "THERE is a small improvement in the market that we hope will be sustained throughout this year. Although the most recent downturn was once again challenging, we’ve been through similar cycles in the past and every time we come through it I ...
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A mature response
WE HAD a dig at Cargolux in our last issue, relaying information passed exclusively to my colleague Thelma Etim that all is not well at the now partly Chinese-owned all-cargo airline.Expecting some sort of angry, waspish response, I was instead surprised and heartened by Cargolux’s positive attitude towards Thelma’s investigative ...
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Challenging market conditions hits IAG Cargo’s revenue
IAG CARGO has blamed weak market conditions for its drop in revenue during the first quarter of this year.The freight arm of British Airways and Iberia revealed commercial revenue (flown revenue plus fuel surcharges) dropped to €250m from the €270m recorded during the same period in 2013.Although cargo tonne kilometres ...
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April cargo boost for Heathrow
CARGO volumes at London's Heathrow Airport rose 4.4 per cent in April over prior year period to 120,194 tonnes, with air freight traffic increasing 26.8 per cent to China, 25.1 per cent to Mexico and 15.8 per cent to Russia.Latest figures from Heathrow Airport Holdings show a 3.2 per cent ...
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Fraport blames strike for cargo drop
CARGO volumes fell by 1.2 per cent to 171,909 tonnes at Frankfurt Airport in April.The slide was due to the strike-related reduction in shipping capacities, as well as the shift of the Easter holidays from March to April 2014, resulting in the cargo business slowing down during the holiday period, ...
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Perishables modal shift fuelled by technology
NEW technology in controlled-atmosphere containers (CAC), such as Maersk Container Industry’s (MCI) Star Cool CA product line, has the potential to further accelerate the modal shift in the transportation of perishables, a report reveals.The technology’s ability to slow down the ripening process potentially opens up ocean transport as a viable ...
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LATAM cargo revenues dip in Q1
LATAM AIRLINES GROUP saw first quarter 2014 air cargo revenues fall 12.5 per cent to around US$406m, as weakened demand saw volumes decline 2.4 per cent and yields fall 10.4 per cent.The combined LAN Airlines and TAM group, which currently operates four B777-200Fs and 11 B767-300Fs, reported that cargo trends ...
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Jan de Rijk gains CEIV Pharma
Jan de Rijk Logistics has achieved certification in IATA’s Center of Excellence for Independent Validators in Pharmaceutical Handling programme (CEIV Pharma). “With this certification we are able to differentiate ourselves by offering a competitive advantage to our customers”, says Sebastiaan Scholte, chief executive of Netherlands-based Jan de Rijk Logistics, which ...
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Düsseldorf air cargo up in Q1
CARGO volumes at Düsseldorf Airport climbed five per cent to about 37,000 tonnes in the first quarter of this year.The upward trend continued in April, with tonnage increasing by 14.6 per cent year-on-year, mainly driven by the inauguration of summer flight schedules, notes Thomas Schürmann, the airport’s marketing and sales ...
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B747-8Fs boost Cathay Pacific and Dragonair cargo
CATHAY PACIFIC CARGO and its sister company Dragonair carried 137,444 tonnes of cargo and mail in April, an increase of 11.0 per cent in comparison with the same period last year.The cargo and mail load factor rose by 2.3 percentage points to 63.1 per cent, whilst capacity, measured in available ...
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Alaskan salmon flies south
ALASKA Air Cargo flew 24,100 lbs (11 tonnes) of the season's first shipment of Alaska Copper River salmon to Seattle-Tacoma International Airport."The arrival of the fish-filled B737 marks the start of the summer salmon season and is an annual rite of passage anticipated by seafood lovers throughout the Pacific Northwest," ...
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Don’t be a pharma chameleon
THERE was a time when pharma shipments came in kilo-sized boxes.With a few notable exceptions – Swissair, for example – airlines made no special provisions for these high-yield cargoes other than, perhaps, hand-transferring them during the ramp-to-warehouse-to-truck process. Temperature-control zones didn’t exist 30 or so years ago and widespread pharma ...
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Freighter fleet numbers set to grow
FREIGHTER FLEET numbers look set to grow by 2033 despite the rise in bellyhold cargo capacity, according to a new range of demand forecasts by the specialist aviation consultancy ACMG.According to Seattle-based ACMG, the air freight market will need about 100 new freighters per year over the next twenty years ...
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Otsuka rolls out new inventory software
JAPANESE healthcare company Otsuka has rolled out inventory planning software from supply chain specialist AGR to smooth out its stock control and sales processes – and cut out unnecessary costs.The system manages fluctuating demand and stock levels on a daily basis – and provides real-time information for faster, improved decision-making.“Otsuka ...
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New e-signature process for Multilateral e-AWB Agreement
FORWARDERS who want to sign up for IATA’s Multilateral e-AWB Agreement can now do so with just an e-signature.The new process, which is legally binding, secure, as well as efficient and environmentally-friendly, removes the need for parties to print, sign and mail paper documents, says a statement from the association.A ...
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Supply chain transparency is non-negotiable
FULL transparency throughout the whole airfreight supply chain – facilitated by digitised data flow – is the only way to tackle inefficiencies and arrest modal shift, a conference has heard.Whereas integrators have full control over their supply chains and therefore operate efficiently, air cargo does not, because individual supply chain ...
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AirBridge: the new Cargolux?
FORMER Cargolux executive Robert van de Weg will play a vital role in building on the progress and numerous milestones AirBridgeCargo Airlines (ABC) has passed during its enterprising 10-year existence, writes Thelma Etim, deputy editor.As the new senior vice-president of marketing and sales at Russia’s largest freighter airline, van de ...
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April sees growth slow
AIRFREIGHT markets saw growth levels slow down in April.IATA data for the month shows that demand measured in freight-tonne-kilometres [FTKs] was 3.2 per cent above previous year levels, but traffic levels in April were slightly below those of January and 1.1 per cent lower than what was recorded in March.“Prior ...
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Airfreight price index sees April rise
DREWRY'S east-west air freight price index rose 1.5 points in April to 104.3, the second consecutive month of pricing gains and the highest index level since the end of 2013.The index, compiled by Drewry Sea & Air Shipper Insight, represents a weighted average of air freight rates across 21 east-west ...