Business – Page 142
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News
CAL Cargo signs Canada GSA
FREIGHTER airline CAL Cargo has appointed Exp-Air Cargo as its general sales agent in Canada, writes Thelma Etim, deputy editor.Eyal Zagagi, CAL’s chief executive, says a key element in the Israeli carrier’s stratagem is strengthening its transAtlantic east operations – following the introduction of a weekly service from Greater Moncton ...
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China takes a step closer to e-freight
CHINA SOUTHERN Airlines’ first international e-AWB shipment on a flight from its Guangzhou (CAN) hub to Amsterdam is a major benchmark not only for the carrier but also for the International Air Transport Association (IATA), writes Thelma Etim, deputy editor.Arguably, this latest development increases the possibility of the air cargo ...
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Changi air cargo dips in July
CARGO volumes fell by 2.4 per cent to 155,000 tonnes at Singapore’s Changi Airport’s in July, writes Thelma Etim, deputy editor.Despite the dip, its throughput between January and July this year was stable at 1,065 million tonnes, down slightly on the 1.1 million for the same period in 2013, says ...
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AA Cargo starts work on Philadelphia pharma hub
AMERICAN Airlines (AA) Cargo has started construction of a 25,000-sq ft pharmaceuticals hub in Philadelphia, writes Thelma Etim, deputy editor.It is designed to cater for a full range of temperature-sensitive products being shipped in and out of the strategically important north-east ‘pharma corridor’ and includes a 6,000-sq ft area for ...
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Emirates SkyCargo adds Los Angeles freighter service
EMIRATES SKYCARGO is expanding its freighter network in the USA by starting a weekly B777 freighter service to Los Angeles, writes Thelma Etim, deputy editor.The Middle East carrier’s other freighter destinations in the USA are Chicago, Atlanta and Houston.In addition to these, the freight division also has belly-hold cargo services ...
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Russian tit-for-tat security plan sparks cost fears
THE COST of transporting goods by air to Russia will rise, if that nation introduces its own security rules for airfreight shipments from Europe, writes Thelma Etim, deputy editor.The European Shippers Council (ESC) has branded the Russian move as tit-for-tat and says it will not only threaten the air cargo ...
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Keep to the rules
TRADE and commerce require internationally-agreed rules and regulations if they are to flourish, and the same can be said for air cargo, writes Roger Hailey, Air Cargo News editor.The suggestion that Russia is considering retaliatory security legislation aimed at the European air cargo industry raises the unhappy prospect of a ...
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Qantas Freight earnings in freefall
THE SALE of road freight company Star Track Express amid ‘challenging global air cargo markets’ pushed down Qantas Freight’s (QF) earnings before tax and interest (EBIT) by more than a third in the financial year of 2014, writes Thelma Etim, deputy editor.The Australian flag carrier’s cargo division recorded EBIT dropped ...
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Virgin Cargo chief’s warning over yields
OVERCAPACITY in the global air cargo industry on major routes continues to suppress yields, warns Virgin Atlantic Cargo, writes Thelma Etim, deputy editor.Despite a three per cent reduction in the airline’s cargo capacity in the first half of this year, the carrier saw its tonnage rise one per cent to ...
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Counting on perishables
THIS summer Korean Air was gorging itself on Canadian lobster. Between late May and the end of August the carrier extended one of its Seoul-Toronto all-cargo flights to Halifax once a week to load up some 40 tonnes of crustaceans worth US$532,256, writes Ian Putzger.KAL made it clear from the ...
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Freighters switch triggers Dubai (DXB) cargo drop
WHILST the permanent relocation of Emirates SkyCargo’s freighter operations has boosted Dubai World Central’s (DWC) cargo business, the switch has had the opposite effect on its sister airport Dubai International (DXB), writes Thelma Etim, deputy editor.DXB recorded a downturn in July, with volumes falling to 184,720 tonnes, down 10.7 per ...
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WFS to acquire Swissport's Copenhagen handling business
WORLD Flight Services (WFS) is to acquire Swissport’s cargo business at Copenhagen Airport, writes Thelma Etim, deputy editor.Under the terms of the agreement, Swissport will transfer all its business activities currently carried out by Swissport Cargo Services Denmark ApS, as well as its 4,200m² cargo terminal which handles 18,000 tonnes ...
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July air freight markets rise strongly
Global air freight markets showed a strong increase in July, with freight tonne km (FTKs) up 5.8 per cent, more than twice the rate of prior month June.Latest data from the International Air Transport Association (IATA) indicates that the strong growth mirrors positive developments in some key regional economies but ...
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Lufthansa and ANA confirm Japan-Europe cargo JV
All Nippon Airways (ANA) and Germany’s Lufthansa Cargo will launch a strategic air cargo joint venture on routes between Japan and Europe.The cooperation between Japan’s largest airline and Lufthansa Cargo, one of the world’s largest air freight operators, has obtained antitrust immunity. On the passenger side, ANA and Lufthansa are ...
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Martinair Cargo MD-11 freighters axed
CONSISTENTLY poor demand following the global financial economic crisis six years ago has forced Air France-KLM to phase out its five MD-11 freighters by the summer of 2016, writes Thelma Etim, deputy editor.The decision taken by the group’s board of directors following a strategic review, which began in March this ...
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AA and US Airways become single cargo unit from October 20
American Airlines and US Airways have completed their merger and will become one air freight organisation from October 20.The two US carriers, who have been integrating shared cargo locations for the past nine months, will transition to a single air waybill using the American Airlines prefix 001.In a letter to ...
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Qatar adds Brussels and Shanghai freighters
Qatar Airways Cargo is launching two extra freighter destinations, Brussels in Belgium and Shanghai in China.Brussels will be served four times a week by an A330F from October 1. It will fly via Entebbe to Brussels on Wednesdays and Sundays and via Nairobi to Brussels on Mondays and Fridays.A three-times ...
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Fraport’s airfreight rises
FRANKFURT AIRPORT is celebrating a cargo uptick after its throughput (airfreight and airmail) rose by 3.2 per cent to 179,555 tonnes in August – up 3.2 per cent compared with the same month last year, writes Thelma Etim, deputy editor.Aircraft movements also climbed by 0.6 per cent to 42,684 takeoffs ...
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ABC Basel service targets pharma
AIRBRIDGECARGO Airlines (ABC), Russia’s largest air cargo carrier, is launching a weekly Basel-Moscow Sheremetyevo B747 freighter service to capiltalise on the Swiss city’s thriving healthcare industry, writes Thelma Etim, deputy editor.Basel has one of the highest concentrations of successful life-sciences businesses in the world, including pharmaceuticals, biotechnology and medical technology ...
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Is Cargolux’s unique culture strong enough?
HOW do you measure the value of esprit de corps within a company? Since it is an intangible by-product of work satisfaction and team commitment, and its existence cannot be measured on a spreadsheet, it therefore cannot be proven to have any direct correlation with an entity’s overall performance.Or can ...