Business – Page 14
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NewsLufthansa Cargo extends its agreement with IATA for CargoIS
Source: Lufthansa CargoThe International Air Transport Association (IATA) has confirmed that Germany freight carrier Lufthansa Cargo has renewed its agreement to use the trade body’s CargoIS platform.The new deal extends a partnership between the two that dates back more than a decade.IATA’s CargoIS provides comprehensive market intelligence relating to the ...
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NewsFar East- North America cargo trade lane fuelled by e-commerce
E-commerce is driving the growth of the Far East – North America air cargo trade lane, according to IATA’S chief economist.International cargo tonne-kilometers (CTKs) were up 3% in 2023 for the Far East – North America trade lane, notably above other trade lanes, said Marie Owens Thomsen, IATA's senior vice ...
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NewsAir cargo demand drivers
Source: Air Cargo NewsThe rapid rise of e-commerce, disruption in ocean shipping and supply chain diversification are some of the main drivers of air cargo demand in the current market.Speaking at the IATA World Cargo Symposium, Xeneta chief airfreight officer Niall van de Wouw identified three factors that drive air ...
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NewsAccelerating the "glacial" pace of change in air cargo
Source: Air Cargo NewsAir cargo needs to move from talk to action if it is to speed up its “glacial pace” of change, according to speakers on an executive round table discussion at the IATA World Cargo Symposium.During the event’s opening plenary, IATA senior vice president operations, safety and security ...
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dnata gains IATA CEIV lithium battery certification
Dubai-based aviation services provider dnata has received the International Air Transport Association’s (IATA) Centre of Excellence for Independent Validators (CEIV) accreditation for the safe and compliant handling of lithium batteries.The announcement was made in Hong Kong at this week’s IATA World Cargo Symposium, being held between 12 and 14 March.Certification ...
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NewsIATA WCS opening assesses progress on sustainability, digitalisation and safety
Source: IATASpeaking on the opening day of the 18th International Air Transport Association’s World Cargo Symposium (IATA WCS) in Hong Kong earlier today (12 March), the trade association’s global head of air cargo, Brendan Sullivan, noted that, “Air cargo is critical for the global economy. And it improves people’s lives.“In ...
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NewsIATA certifies Cathay Cargo Terminal and Hactl for IEnvA
Source: Cathay PacificThe International Air Transport Association (IATA) has fully certified Cathay Cargo Terminal and Hong Kong Air Cargo Terminals Limited (Hactl), both handlers at Hong Kong International Airport (HKIA), through its IATA Environmental Assessment (IEnvA) process.The announcement was made at the IATA World Cargo Symposium (WCS) being held in ...
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NewsRotate names Ryan Keyrouse as new chief executive
Ryan Keyrouse, RotateRyan Keyrouse has assumed the position of chief executive at Rotate.The move became effective as of March 1.Fellow co-founder and outgoing chief executive Gert-Jan Jansen is to remain on the board as an executive director and senior advisor for client engagements.Keyrouse has undertaken more than 50 air cargo ...
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Emirates’ lithium battery mobile app receives IATA recognition
Dubai-based carrier Emirates has been recognised by IATA for developing a mobile app dedicated to the safe shipment of lithium batteries.The trade body has awarded the airline a Competency-Based Training and Assessment Center (CBTA Center) Innovation Award.The award was presented at IATA’s annual World Cargo Symposium (WCS), being held this ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
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NewsLufthansa Cargo revenues fall in 2023 as rates cool
Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during the pandemic era.The cargo arm of German airline Lufthansa recorded revenue of €2.98bn in 2023, a drop of 36% from €4.6bn in 2022.Lufthansa Cargo also generated an adjusted ebit of ...
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DHL's airfreight volume decline slows in Q4 2023
DHL Group's airfreight volumes in the fourth quarter of 2023 continued to suffer from reduced air cargo demand, but the quarter was a marked improvement on earlier in the year.Fourth quarter airfreight volumes were down 3.6% year on year to 433,000 tons. Year on year, this compares to -12.2% in ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsDHL not looking to buy DB Schenker
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Group has declared itself out of the running for acquiring DB Schenker following much speculation over which company will buy the freight forwarder.The German logistics company's chief executive Tobias Meyer said on March 6 that DB Schenker was determined "not a good ...
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Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsSwissport Tanzania gains IATA CEIV Fresh certification
Photo: SwissportSwissport Tanzania has been awarded IATA CEIV Fresh certification for its air cargo logistics operations at Julius Nyerere International Airport in Dar es Salaam (DAR).The new certification positions Swissport as the only air cargo handler to meet this standard at Julius Nyerere International Airport.The achievement in Tanzania complements Swissport’s ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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NewsE-commerce and perishables lift K+N after Q4 airfreight volume decline
E-commerce and perishables business helped soften the blow of a drop in airfreight volumes for Kuehne+Nagel (K+N) in the fourth quarter.Airfreight volumes at K+N dropped 2.2% to 533,000 tonnes in the fourth quarter of 2023 compared to the same quarter in 2022.Net turnover in Kuehne+Nagel's (K+N) air logistics division in ...
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NewsCMA CGM completes Bolloré Logistics acquisition
Rodolphe Saadé (left) and Cyrille Bolloré. Photo: CMA CGMThe CMA CGM Group has completed its largest acquisition since its formation with the takeover of Bolloré Logistics from the Bolloré Group.This follows the European Commission's recent approval of the acquisition, which has an approximate purchase price of €4.850bn.The transfer of Bolloré ...
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IAG Cargo revenues drop 28% year on year
IAG Cargo saw a steep drop in year on year commercial revenues in 2023 against a backdrop of sustained soft air cargo demand in the industry.The cargo division of International Airlines Group (IAG) reported commercial revenues of €1.2bn for 2023, 28.4% down compared to 2022.Cargo volumes, measured in cargo tonne ...