Business – Page 59
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News
IATA provides updated Lithium battery transport guidance
IATA has released an updated Lithium Battery Guidance Document to assist shippers in understanding requirements related to the transport of lithium batteries.The airline association said the guidance document includes updated and additional FAQs for shippers to learn how to comply with dangerous good regulations.
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Air cargo now more prepared for Covid-19 vaccine
The latest industry survey from Tiaca and Pharma.Aero has revealed that the air cargo industry is now more prepared for Covid-19 vaccine transportation operations than it was three months ago.The latest Sunrays project survey shows that 46% of air cargo industry stakeholders, including airlines, freight forwarders, ground handlers, airport operators ...
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NewsCEVA expands in Africa with deals in Ethiopia and Egypt
CEVA Logistics has expanded its presence in the African market through investments in companies in Egypt and Ethiopia.In Egypt, the company has taken a majority stake in IBA Freight Services, its exclusive partner for the past 20 years, while in Ethiopia CEVA has taken a minority stake in MACCFA, a ...
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Forwarding market set to rebound in 2021
The global freight forwarding market experienced its most challenging year to date amid the Covid-19 pandemic, contracting 9% year-on-year. However, it is expected to rebound in the years ahead, according to industry analyst Transport Intelligence (Ti).With promising developments with regard to a Covid-19 vaccine, the International Monetary Fund (IMF) has ...
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News
Cost a key factor in environmental modal shift
Maintenance of product quality and cost savings are two key motivating factors behind shippers moves to shift from air to ocean on environmental grounds.Responding to the news that salmon farmer Hiddenfjord had decided to drop airfreight completely on environmental grounds, Cool Chain Association (CCA) board chairman Stavros Evangelakakis said that ...
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NewsPilot Freight Services names newest board member
Logistics provider Pilot Freight Services has appointed Teresa M Finley to its board of directors.Finley currently serves as a senior advisor to Boston Consulting Group, a global management consulting firm, where she provides transportation and logistics expertise.Finley has more than 30 years of experience in the industry and most recently ...
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EU reveals no-deal Brexit supply chain contingency plans
The European Union (EU) has revealed its contingency plans to keep transport operations moving in case of a no-deal Brexit.The temporary six-month measures will allow airlines from the UK to operate flights across the bloc, while hauliers will be able to use EU states' roads.The move was welcomed by supply ...
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Air New Zealand set to expand international cargo operations
Air New Zealand will expand its international air cargo operations following the launch of the second phase of a government supply chain support scheme.The airline will operate around 55 international flights per week after the government announced phase two of the International Air Freight Capacity (IAFC) Scheme that aims to ...
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IATA: Load factor reaches record high as capacity crunch continues
The latest air cargo figures from IATA show that demand continued to recover in October, although not as strongly as in September.Meanwhile, industry-wide load factor reached a record high in October as the capacity crunch, driven by significantly reduced passenger services and bellyhold capacity, continued."The biggest problem for air cargo ...
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NewsDSV Panalpina expands in Africa with another acquisition
DSV Panalpina is expanding its presence in Africa with the acquisition of Globeflight Worldwide Express, a South Africa-based courier company .As part of the acquisition, which is expected to close in around three months subject to regulatory approvals, DSV Panalpina will take over all of Globeflight’s operations in South Africa ...
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News
Liege Airport achieves 1m tonne milestone
Liege Airport has handled 1m tonnes of cargo and marked the milestone as a "historic and symbolic day".The milestone was reached when an Airbridge Cargo flight, chartered by Chinese company HongYuan, touched down at the airport.Cargo on the flight — including the millionth tonne — was processed by WFS and ...
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IATA: Cargo demand set to return to near 2019 levels next year
Air cargo volumes are expected to return to near 2019 levels next year, according to IATA’s latest market forecast.The airline association said that improved business confidence and the important role that air cargo should play in vaccine distribution is expected to see cargo volumes grow to 61.2m tonnes, essentially matching ...
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De Juniac to step down as IATA leader
IATA governors are to recommend former IAG chief executive Willie Walsh as its new director general after Alexandre de Juniac announced his decision to step down from the role at the end of March next year.Former Air France-KLM chief de Juniac has served as director general of IATA since succeeding ...
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NewsMarket recovery slows in early November
The air cargo market's gradual recovery appears to have slowed in the first two weeks of November as demand and load factors plateaued, according to WorldACD data.Figures for the first half of the month show that volumes stood at 48% of the October total, meanwhile the average load factors for ...
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News
Feedback wanted: TIACA's first annual sustainability survey
Time is running out to take part in TIACA's first-ever sustainability survey, with feedback required by December 1.The objective of the survey is to collect insights to feed the strategy and plans of TIACA's sustainability working group.TIACA is interested in collecting answers from the entire air cargo industry: shippers and ...
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NewsEL AL and Etihad look to team up on cargo
Left to right: Tony Douglas of Etihad Aviation Group and Gonen Usishkin of EL AL AirlinesEL AL and Etihad will explore a new partnership as the UAE and Israel continue to forge closer business relationships following the signing of a peace deal earlier in the year.EL AL Israel Airlines and ...
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NewsBoeing's latest market forecast predicts ongoing demand for B767Fs
Boeing has issues its latest World Air Cargo Forecast, reiterating expected demand growth of 4% per year over the next 20 years and also predicting ongoing demand for B767 freighters.The airframer had already, in early October, released cargo-jet demand projections as part of a broader 20-year commercial aviation outlook.But Boeing’s ...
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The Baltic Exchange launches air cargo derivatives indices
Derivatives trading platform the Baltic Exchange has launched weekly airfreight indices to allow companies to hedge against rate swings.The Baltic Exchange has partnered with Hong Kong-based air cargo pricing publisher Tac Index on the new indices, which include six outbound indices and 17 individual destination baskets.These products will be branded ...
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IATA addresses vaccine transportation challenges with new guidance
IATA has published guidance for the air cargo industry to follow when transporting Covid-19 vaccines to ensure that they are moved safely and securely in what it says is the "largest and most complex global logistics operation ever undertaken".The Guidance for Vaccine and Pharmaceutical Logistics and Distribution addresses how key ...
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NewsAir cargo success at the Logistics UK Awards
Photo: Professional Images/@ProfImagesTwo air cargo companies picked up awards at today's Logistics UK Awards.Most innovative product of the year, sponsored by ITT Hub, was picked up by digital air cargo broker CharterSync, while the air business of the year, sponsored by Multimodal, was won by Kerry Logistics.The awards were presented ...