Business – Page 50
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NewsK+N profits surge with capacity constraints set to persist
Kuehne+Nagel (K+N) saw profits and air volumes soar in the third quarter thanks to higher rates in air and ocean and its investment in Apex Logistics.The forwarder saw third-quarter revenues increase 70.3% year on year to SFr8.6bn, earnings before interest and tax (ebit) was up 112.6% to SFr789m and net ...
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NewsPolmans and Gadhia to serve another TIACA term after bylaw change
Polmans (L) and Gadhia. Source: TIACATIACA chair Steven Polmans and vice chair Sanjeev Gadhia will continue their work at the association's helm for the next two years following a change in bylaws.The supply chain organisation said that following the "successful transformation of the association", including a revision to the bylaws ...
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Quarterly cargo revenues on the rise at Delta Air Lines
Delta Air Lines saw cargo revenue increase in the third quarter of 2021 to $262m, a 39% improvement compared with the benchmark September quarter of pre-Covid 2019.The US carrier said that cargo revenue continues to improve on yield strength, adding that the latest result represents the fourth consecutive quarter of ...
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NewsCargo IQ announces 2022 strategy, Moehle named as new executive director
Cargo iQ’s board has announced its renewed vision for Cargo iQ in 2022, which includes focusing on implementation, direct collaboration with members and sharing best practices.The IATA special interest group has also named Lothar Moehle as its new executive director, bringing over four decades of experience in the air cargo ...
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NewsIATA launches CEIV lithium battery certification program
From left to right: Peter Penseel and Willie Walsh.IATA has launched its Center of Excellence for Independent Validators Lithium Battery (CEIV Lithium Battery) industry certification program to improve the safe handling and transport of lithium batteries across the supply chain.Said Willie Walsh, IATA’s Director General: “Lithium batteries are critical power ...
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NewsQatar Cargo's Halleux calls on regulators to step up on lithium batteries
Source: Air Cargo NewsQatar Airways chief officer cargo Guillaume Halleux issued an impassioned call for regulators to take steps to counter the threat of rouge lithium-ion battery shipments.Speaking at IATA's World Cargo Symposium in Dublin, Halleux said the airline had suffered three near misses with rogue battery shipments in recent ...
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NewsWalsh expects a permanent shift in air cargo's importance to aviation
Source: Air Cargo NewsAir cargo's new found importance to airlines is here to stay, according to IATA director general Willie Walsh.Speaking to the press after the opening session of the IATA World Cargo Symposium in Dublin, Walsh re-iterated comments made earlier in the day that the air cargo sector had ...
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IATA: Industry cooperation key to post-pandemic air cargo resilience
IATA has urged the air cargo industry to continue working together at the same pace and with the same levels of cooperation as during the COVID-19 pandemic so as to overcome future challenges and build industry resilience.Sustainability, modernization, and safety were highlighted as key priorities for the industry post pandemic. ...
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DSV upgrades financial outlook for 2021 amid strong sea and air growth
A strong first half performance in sea and air freight that continued into the third quarter has seen Danish mega-forwarder DSV upgrade its 2021 financial outlook.A company announcement stated: “The positive development in the first half of the year has continued into Q3 2021, and we have seen strong financial ...
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DP DHL's profits expected to continue to surge
Deutsche Post (DP) DHL's third quarter preliminary results show another boost in earnings before interest and tax (ebit).The express and postal giant said that its ebit is expected to reach €1.8bn in the third quarter, up from €1.4bn for the same period in 2020.Over the first nine months of the ...
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NewsCLIVE: The only way is up for air cargo load factors
Air cargo load factors began their peak season rise in September and are expected to continue to increase for the rest of the peak.The latest figures from CLIVE Data Services show that the global dynamic load factor, which draws from both weight and space, reached 68% in the last week ...
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NewsSEKO Logistics continues expansion with Bansard deal
Source: SEKO LogisticsSEKO Logistics has completed its largest acquisition to-date with an investment in Paris-headquartered logistics group Bansard International.Bansard provides door-to-door logistics management services, covering consultancy, freight forwarding, warehousing, de/consolidation, transportation management, quality control, and customs clearance services.Bansard International has 54 offices in 17 countries and employs about 600 people. ...
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NewsScan Global Logistics expands into UK with Horizon deal
Nigel Davies (L) of Horizon and Allan Melgaard of SGL. Source SGLFast-growing Scan Global Logistics (SGL) has added a presence in the UK through the takeover of Horizon International Cargo.SGL said that having a presence in the second-largest market in Europe is a "strategic move pivotal to the company's long-term ...
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Chinese supply chains face disruption as energy shortage bites
Chinese supply chains are being affected by factory shut downs as a power shortage has caused several companies to temporarily stop production.Many regions in the country have been affected by blackouts as the supply of energy is rationed. This has affected both homes and businesses.Risk analyst Everstream Analytics warned that ...
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InsightsCan airlines overcome supply-chain challenges to meet strong air cargo demand?
Image source: AirBridgeCargoBy most accounts, the strong demand for air cargo seen during the Covid-19 pandemic is likely to continue into the peak freight season in the fourth quarter of this year.“Air cargo demand had another strong month in August, up 7.7% compared to pre-Covid levels,” said IATA director general ...
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IATA: Cargo demand increases as outlook remains positive
IATA has reported in its latest market analysis that cargo volumes increased in August 2021, compared with pre-Covid levels (August 2019), and the outlook remains positive.The association said global air cargo demand, measured in cargo tonne-kilometers (CTKs), was 7.7% higher in August this year than pre-Covid levels (August 2019).Meanwhile, global ...
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Pilot Freight Services expands presence in North America
Logistics provider Pilot Freight Services has acquired franchise stations in "strategic markets" in North America.Pilot said the franchises, which are in Oregon in Washington, and Oklahoma, will be integrated into its organisation "with no disruption in service offerings or senior management".The company said in a statement: "[The franchises] serve a ...
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Qatar Cargo sees volumes increase despite pandemic
Qatar Airways Cargo reported a 4.6% in cargo volumes in the fiscal year ending March 31 despite the loss of much of its bellyhold network due to the pandemic.The cargo division of Qatar Airways handled a total of 2,727,986 tonnes of cargo in the 2020/21 fiscal year to maintain its ...
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NewsWFS expands North American presence with Pinnacle Logistics deal
Source: WFSGround handler Worldwide Flight Services (WFS) has acquired Pinnacle Logistics as it looks to expand its presence in North America.Fort Worth-based Pinnacle is focussed on specialist express cargo handling for e-commerce customers and has a handling presence at Dallas Fort Worth, Houston, Austin, San Antonio, Allentown (PA), Minneapolis and ...
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Tiaca tells air cargo to brace for 'unprecedented challenges' in Q4
Supply chain group Tiaca has warned that the air cargo sector faces "unprecedented challenges" in the fourth quarter.The air cargo organisation pointed out that industry is already under pressure due to the lack of bellyhold capacity, modal shift due to issues in ocean shipping, unpredictable supply chain worker covid restrictions ...