Business – Page 62
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News
SAS Cargo achieves IATA CEIV Pharma re-certification
SAS Cargo has achieved IATA CEIV Pharma re-certification despite Covid-19 restrictions.SAS Cargo said that due to Covid-19 restrictions, the audit process for re-certification was carried out remotely.Nick Careen, IATA’s senior vice president of airport, passenger, cargo and security (APCS), commented: "In the middle of a global pandemic, those challenges are ...
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Volga-Dnepr Group notes 'stable' first-half results
Volga-Dnepr Group, which is in its 30th year of operations, said it has performed with "stability and consistency" in the first half of this year.Total revenue across the Group's three airlines (Volga-Dnepr Airlines, AirBridgeCargo Airlines and ATRAN Airlines), was up by more than 40% year on year, which was achieved ...
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E-commerce demand fuels FedEx revenues as it prepares for Covid vaccine
FedEx saw its revenues and profits improve in its fiscal first quarter as a surge in e-commerce demand propelled performance.The express giant saw revenues for the three months ended August 31 increase by 13.5% year on year to $19.3bn, while net income was up 67.8% to $1.2bn and operating income ...
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IATA confirms the departure of Glyn Hughes as head of cargo
IATA has confirmed that head of cargo Glyn Hughes will leave the organisation as part of a wider restructuring.Hughes will leave the position, which he has occupied for the last six years, through voluntary redundancy at the start of 2021.In a statement IATA said: "Due to the devastating economic effects ...
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Cathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months.In its monthly traffic results for August, Cathay confirmed that it is parking a significant number of aircraft overseas, given that it “will be operating ...
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NewsIATA launches platform to improve transparency across the supply chain
IATA has launched a digital platform called ONE Source to help the airfreight industry match shipping needs with available capabilities and service providers across the supply chain.The move comes as the industry prepares to tackle mass distribution of Covid-19 vaccines when they become available.ONE Source, which is free for air ...
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IATA: Air cargo sector must act now to overcome the challenges of vaccine distribution
Air cargo has not only been a lifeline for the financially-troubled aviation sector, it has also acted as a lifeline for global society by transporting PPE and medical items around the planet during the Covid-19 pandemic. The sector still faces challenges though, said Glynn Hughes, global head of cargo at ...
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NewsIATA outlook: "Cargo is following a fairly typical recession recovery cycle"
Cargo continues to be the bright spot for the aviation sector, IATA revealed in a conference today in which the association's chief economist, Brian Pearce, gave a market update and outlined the role of air cargo during global economic expansion.Pearce explained: "Cargo volumes were hit much less than the passenger ...
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CEVA expands in Latin America with new offices
Freight forwarder CEVA Logistics has opened its own offices in Ecuador and Uruguay as part of a "strategic expansion".The company said that is has been established for many years in both countries through network partnerships and decided to open its own offices in each location to offer customers a "full ...
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NewsAir Cargo News Awards go digital
For the first time in its history, the Air Cargo News Awards is going digital. On October 29 at 4.30pm (GMT) the event will be live-streamed with the winners announced on aircargonewsawards.net.The Air Cargo News Awards, now in their 36th year, have always been a time to recognise the hard ...
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News
Bolloré Logistics HK achieves IATA CEIV Pharma
Bolloré Logistics Hong Kong has achieved IATA CEIV Pharma certification for its facility at Hong Kong International AirportThe certification is recognition that the company conforms to IATA's globally recognised pharma handling procedures and standards, and is "capable of providing seamless cool chain transportation across the entire supply chain".Bolloré Logistics said ...
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American Airlines: Customers accepting of no-show fee for cargo
American Airlines' customers have been understanding about its decision to adopt a no-shown fee for cargo that is not delivered as expected.The carrier's recently appointed president of cargo, Jessica Tyler, told Air Cargo News that the no-show fee had been introduced earlier this year as cargo capacity had become constrained.The ...
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NAP introduces Global Airline Partner Programme
Neutral Air Partner (NAP), a network for airfreight and logistics providers, has launched a Global Airline Partner Programme.The Programme offers airline partnership options including preferred carrier status, marketing, PR and communications, global or regional BSA/CPA agreements, charter deals, special cargo offerings, as well as target and volume incentives on a ...
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NewsDigital forwarder Beacon sheds light on its finance USP
Fraser Robinson, BeaconIn June this year, UK-based digital freight forwarder Beacon made logistics headlines when it secured $15m in its Series A fundraising round, from investors including, and most notably, Jeff Bezos, the founder and chief executive of Amazon.Beacon’s other high-profile investors included Uber founders Travis Kalanick and Garrett Camp, ...
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YTO confirms Alibaba share purchase
Chinese e-commerce giant Alibaba Group Holding has upped its stake in delivery firm YTO Express.YTO yesterday confirmed that Alibaba had purchased an additional 12% of its shares for Yuan6.6bn, bringing its stake in the company to 22.5%.News that Alibaba could be looking to up its presence in YTO broke last ...
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Damco brand to be axed as part of re-organisation
Damco parent AP Moller Maersk has announced that it will integrate the forwarder into its own logistics business.The shipping giant said that as a result, the Damco brand will disappear from the market by the end of 2020.The move will see Damco's air and less than container load (LCL) offering ...
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Azul's domestic e-commerce operations push up revenues
Brazilian carrier Azul is celebrating 11 years of operations and has said that despite the coronavirus pandemic this year, it has seen growth in some areas of the business.In the first quarter of 2020, Azul Cargo Express's revenues were 36% higher than in the same period of 2019.The company said ...
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Air cargo traffic stabilises in July as capacity reductions push up utilisation
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA.Figures from the airline association show that demand in cargo tonne km terms fell by 13.5% year on year in July.IATA said this is ...
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Neutral Air Partner partners with Bridges Worldwide to deliver express solutions
Freight networking group Neutral Air Partner (NAP) is working with Bridges Worldwide to provide international express and courier linehaul solutions.The strategic partnership between the companies will provide NAP members with a platform of neutral linehaul solutions and block space agreements (BSA) on scheduled freighter services and commercial airlines for express ...
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Kerry Logistics sees revenue and profits rise in H1 2020
Asia-based Kerry Logistics has achieved increased revenues and profits in the first half of this year, demonstrating its "diversity, adaptability and agility", despite disruption caused by the Covid-19 pandemic.The company saw core net profit rise up 26% to HK$845m in the first half of 2020 as profits at its international ...