Business – Page 69
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NewsECS Group pays tribute to ground handlers' essential work during virus outbreak
Roissy Charles de Gaulle (CDG) cargo handler Global Services Handling (GSH) has been handling an increasing number of freighter flights following the coronavirus outbreak.Alluding to the coronavirus pandemic and its impact on the aviation sector, the handler's parent company ECS highlighted the "essential nature of handling teams, without whom airfreight ...
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TIACA pushes to facilitate airfreight as virus outbreak continues
At the latest Covid-19 Technical Group meeting, which took place on March 30, TIACA restated the "urgent need to provide immediate support to the air cargo sector".Speaking to experts from the World Health Organization, IATA, FIATA, Airports Council International (ACI), the Civil Air Navigation Services Organization, GE Aviation and the ...
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FedEx borrows $1.5bn to offset coronavirus impact
Fedex has strengthened its cash reserves with a $1.5bn credit line loan while executives have agreed to pay reductions.In a stock exchange announcement, the US express company said that the move would allow it to gain financial flexibility to combat the negative effects of the coronavirus outbreak.FedEx said high-margin business-to-business ...
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NewsImperial partners with MEX as they take aim at African market
Imperial has entered into a partnership with Turkish freight forwarder M Ekspres (MEX), which will see the creation of a new multimodal freight management business.The business will be based in Istanbul and will provide air and ocean import and export forwarding services. In addition, it plans to leverage the fast-growing ...
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NewsAvion Express re-enters airfreight market with cargo-only flights offering
Originally established as a cargo and passenger airline in 2005, ACMI operator Avion Express has announced that it is re-entering the airfreight market in response to increased demand for freighter aircraft operations as a result of the Covid-19 pandemic.Avion Express, which is a subsidiary of Avia Solutions Group, works with ...
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East Midlands Airport experiences cargo growth amid Covid-19 outbreak
The UK's East Midlands Airport (EMA) is continuing its operations to keep supply chains moving during the coronavirus pandemic.The airport has revealed that in the week following the UK government’s imposement of social distancing measures (March 16), the number of cargo aircraft movements at EMA increased by 10%. Then, during ...
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Kerry Logistics reports rise in revenues and profits in 2019
Kerry Logistics Network last year saw revenues and profits increase last year, with its logistics and forwarding businesses performing well.The company last year saw revenues increase by 8% year on year to HK$41.3bn, while core operating profit was up 17% to HK$2.8bn and core net profit improved 4% to HK$1.4bn.The ...
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Emirates SkyCargo keeps supply chains moving despite pandemic
Emirates SkyCargo is continuing to facilitate supply chains across the globe, which are under pressure due to the ongoing coronavirus pandemic.The carrier has implemented initiatives to transport essential cargo such as pharma products, medical supplies and perishables around the globe.From mid-January to mid-March this year, Emirates SkyCargo transported more than ...
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NewsDachser announces changes to senior management
Left to right: Alexander Tonn, Michael Schilling, Burkhard Eling, Bernhard Simon, Edoardo Podestà, Stefan HohmDachser has announced changes to its supervisory board, all of which will come into effect in January 2021.Chief executive Bernhard Simon and his deputy Michael Schilling, chief operating officer of road logistics, will join Dascher’s supervisory ...
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NewsUS forwarders welcome government support for businesses
Brandon Fried, AfAUS forwarders have welcomed the introduction on the Coronavirus Aid, Relief and Economic (CARES) Act but said the failure to specifically reference the sector is "worrisome".The CARES Act delivers $2.2trn in direct payments to Americans, provides loans and grants for businesses and gives states much-needed money for public ...
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John Menzies to cut workforce by 17,500
Aviation group John Menzies has announced it has cut 17,500 jobs across the globe in response to the coronavirus outbreak.The UK-headquartered company, which offers ground handling, cargo handling and aircraft refuelling, has seen over the last two weeks number of flights it has handled drop by around 60%.It added that ...
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NewsUK handlers warn of imminent collapse of operations
Craig Smyth, CEO of WFSThe UK's four main handling companies have warned that their operations at the UK's airports could grind to a halt in weeks as the sector faces collapse.Swissport, dnata, Worldwide Flight Services and Menzies have written to the UK government to ask for financial support as they ...
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TIACA and ICAO partner to become 'voice of air cargo' amid coronavirus outbreak
As the coronavirus pandemic continues, TIACA has teamed up with the ICAO Covid-19 Technical Group to become the "voice of air cargo" and "put forward concrete solutions and provide information to all stakeholders".Created by ICAO in partnership with TIACA, the Covid-19 Technical Group is comprised of experts from the WHO, ...
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IATA welcomes Brussels guidance on air cargo during coronavirus
IATA has welcomed the European Commission’s (EC) Guidelines on Facilitating Air Cargo Operations During the Covid-19 Outbreak.IATA said that the EC has understood the industry’s challenges and provided comprehensive and practical guidance to ensure that permissions to operate are quickly granted and that air crew are able to operate efficiently ...
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CEVA Logistics declares Force Majeure
CEVA Logistics has declared Force Majeure as a result of the coronavirus outbreak, removing it from certain contractual obligations.The announcement applies to all CEVA Services, including (but not limited to) its airfreight, ocean freight, ground freight, rail, customs brokerage and contract logistics services.The logistics firm, owned by Marseilles-headquartered shipping line ...
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IATA expects cargo traffic to drop by more than 15% in 2020
IATA is projecting that cargo demand could drop by more than 15% in 2020 as a result of the coronavirus outbreak.IATA global head of cargo Glyn Hughes said that figures set to be released in the coming days show that global demand in freight tonne km terms (FTK) was down ...
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NewsEMEA cargo crime continues to climb
Cargo thefts from supply chains in Europe, the Middle East and Africa (EMEA) more than doubled to 8,548 incidents in 2019 and involved losses of product worth well over €137m, according to the Transported Asset Protection Association (TAPA).The incident rate is the highest recorded in TAPA’s 23-year history and reflects ...
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Emirates announces cost-reduction plan in response to Covid-19
The Emirates group has announced a cost-reduction plan, as the outlook for travel demand remains weak due to the coronavirus (Covid-19) pandemic.Emirates chairman and chief executive, HH Sheikh Ahmed bin Saeed Al Maktoum, explained: “Emirates Group has a strong balance sheet, and substantial cash liquidity, and we can, and will, ...
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Emirates continues cargo services where "borders remain open"
Despite cutting the majority of its passenger flights due to low demand caused by the coronavirus, Emirates is continuing to run cargo and passenger services to a select number of countries "until further notice — as long as borders remain open" and there is demand.Emirates will continue its operations in: ...
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TIACA wants air cargo exempt from Covid-19 travel bans
The International Air Cargo Association (TIACA) has called on governments to exempt air cargo from any bans because of the vital role it will play in the fight to stop the spread of the coronavirus.TIACA said that the air cargo industry has a decisive role to play in the fight ...