Business – Page 37
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InsightsTop 25 air cargo carriers rise to supply chain challenge
IATA World Air Transport Statistics (WATS) data shows the top 25 cargo airlines last year succeeded in delivering on an appetite for air cargo, despite limited capacity, staff shortages and pandemic-related congestion and constraints throughout the supply chain.Traffic in scheduled cargo tonne km (CTK) terms increased by 18.7% year on ...
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News
Airfreight rates on key lanes continue gradual descent in September
Airfreight rates on key trade lanes out of Asia continued to weaken in September despite the industry heading towards the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in September rates from Hong Kong to North America declined by 18.5% compared with a year ago ...
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NewsVIDEO: Schiphol's van Hemert on challenging market conditions
The Air Cargo News video team caught up with Anne Marie van Hemert, head of aviation business development, Schiphol Airport, as she highlighted the challenging market conditions faced by the airfreight industry in the first part of this year.
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NewsSaudia Cargo to work with IATA on CEIV-Pharma Certification
Source: Saudi Cargo - L to R: Saudia Cargo CEO Teddy Zebitz and Frederic Leger, IATA Senior Vice President Commercial Products and ServicesSaudia Cargo is to work with IATA on gaining its Center of Excellence for Independent Validators for Pharmaceutical Logistics (CEIV Pharma) Certification for safe and secure air transport ...
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NewsVIDEO: IATA's Brendan Sullivan on air cargo's key challenges
The Air Cargo News team caught up with IATA global head of cargo Brendan Sullivan to discuss the importance of this year’s World Cargo Symposium and also to find out a bit more about how the association is tackling key industry challenges.
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NewsVIDEO: AFA expects air cargo capacity challenges to continue
Brandon Fried, executive director, Airforwarders Association, tells Air Cargo News that capacity challenges in air cargo are set to be around for a while longer.
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NewsSATS to buy Worldwide Flight Services in €2.25bn deal
Source: WFSSingapore-based cargo handler SATS has reached agreement to buy Worldwide Flight Services (WFS) from an affiliate of asset investor Cerberus Capital Management in a deal with an enterprise value of €2.25bn.The transaction will bring together WFS, the world’s largest air cargo handler with operations in the Americas and Europe, ...
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NewsCHAMP Cargosystems achieves 10m API calls in August
Source: CHAMP CargosystemsCHAMP Cargosystems achieved 10m API calls in one month, in August 2022.The provider of IT solutions and distribution services for the air cargo transport chain described August’s milestone as a “momentous milestone that represents the vast reach and flexibility of APIs”.APIs, or Application Programming Interfaces, allow the capabilities ...
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NewsAstral Aviation gears digital expansion
Source: e-CargowareKenyan cargo airline Astral Aviation has chosen FR8Manage–Airline and FR8Booking solutions to expand its digital footprint.Nairobi-based Astral has teamed up with e-Cargoware, a UK-based SaaS company providing core and ancillary cloud-based freight management software services for airlines, GSAs, ground handlers, express operators and freight forwarders.The announcement came on the ...
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NewsDHL acquires majority stake in Dutch e-commerce specialist Monta
Leonard Aerts, chief customer officer DHL Supply Chain EMEA and Edwin van der Ham, owner and chief executive of Monta. Photo: DHLDHL Supply Chain has announced the acquisition of a majority stake in Dutch e-commerce specialist Monta.Both companies are aiming for a strong partnership to serve small and mid-sized "webshops" ...
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Magma Aviation benefits from demand for long-term freighter deals
Freighter operator Magma Aviation last year benefitted from demand for long-term contracts as companies looked to avoid space shortages by locking in capacity.In accounts just filed, the Avia Solution Group-owned company said that revenues in 2021 increased by 64% year on year to $380m and profits improved by 9.7% to ...
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NewsTIACA sustainability programme launch customers announced
Photo: Etihad CargoTIACA has announced the launch customers for the air cargo industry’s first multi-sector sustainability verification programme.Following the launch of the TIACA BlueSky programme at the March Executive Summit, a successful pilot programme was run with airline and ground handling companies.The BlueSky programme, open to the entire industry, not ...
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SATS in "ongoing discussions” over potential WFS acquisition
Singapore-based handling company SATS has confirmed it is in “ongoing discussions” regarding a potential acquisition of cargo handler Worldwide Flight Services (WFS).SATS said in a press release on September 21 that no formal agreement has been made yet.“While the company is in ongoing discussions regarding a potential acquisition of Worldwide ...
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Wiremind Cargo adds revenue optimisation tool
Wiremind Cargo has added a revenue optimisation system module within its CargoStack cargo management system (CMS) suite.The module, that has been developed under the CargoTech innovation umbrella, is designed to help sales staff and flight controllers in three key aspects of their job.For revenue management, the system recommends an entry ...
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FedEx scales back operations following disappointing Q1 2022 results
A drop in volumes and economic volatility "adversely impacted" FedEx's results for the fiscal first quarter ended August 31, prompting the transport company to implement cost reduction initiatives.The company expects business conditions to weaken further in the second quarter.While revenue figures were up on last year, the company said they ...
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NewsIATA WCS: strengthening air cargo’s post-pandemic prospects
Credit: IATAThe 15th IATA World Cargo Symposium (WCS) taking place in London from September 27 – 29 will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.Covid-19 tested the resilience of the air cargo business. Despite challenging conditions, air cargo delivered critical medical supplies and vaccines across the ...
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IATA certifies Hong Kong Air Cargo Terminals for new training standard
Hong Kong Air Cargo Terminals Limited (Hactl) has become the first cargo terminal operator in Hong Kong to achieve IATA’s new Competency-Based Training and Assessment (CBTA) Center Certification.Hactl has been an IATA Accredited Training School (ATS) since 2003, offering training both for its own staff and those of third parties ...
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NewsAir Canada Cargo first to be re-certified by IATA for the safe transport of live animals
Air Canada has become the first airline to be re-certified by the International Air Transport Association (IATA) for the safe transport of live animals by Air Canada Cargo. (CNW Group/Air Canada)Air Canada has become the first airline to be re-certified by the International Air Transport Association (IATA) for the safe ...
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German government support fund sells remaining Lufthansa stake
Germany’s Economic Stabilisation Fund (ESF) has withdrawn its interest in Lufthansa after the airline’s operations and income were hit by pandemic measures.The German Federal Government-owned Federal Republic of Germany - Finance Agency said the German airline has now been stabilised and ESF has sold its remaining stake.Lufthansa was granted state ...
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Gesher and Freightos merger and listing plans progress
Publicly-traded special purpose acquisition company Gesher I Acquisition Corp. and cargo booking portal Freightos have progressed their plans to merge and list the portal on the NASDAQ exchange.In June, Freightos and Gesher entered into a definitive merger agreement to see the portal being listed on the NASDAQ stock exchange.The companies ...