Business – Page 80
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News
Cargolux digitises booking process with new online tool
Cargolux airlines has launched a new online tool that enhances both the booking process and customer service for its clients.The innovative tool – which is part of Cargolux's plan to digitise quote-generation, booking and other areas of the business to meet clients' evolving needs – offers customers a "fast, seamless ...
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Schiphol reveals cargo volume decline in mid-year figures
Amsterdam Airport Schiphol (AAS) has revealed a 9.2% decrease in first-half cargo volumes compared with the same period in 2018 as freighter flights decline.Full-freighter cargo volumes at the slot constrained airport were down 16.4% and there was a decrease in full-freighter air transport movements (ATMs) by 14.4%.Meanwhile, belly cargo volumes ...
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FedEx strengthens Latin America operations with Cargex acquisition
FexEx has announced that it will acquire Colombian freight forwarder Cargex.Cargex, a specialist in the transportation of perishable goods, has been established for more than 25 years. Headquartered in Bogotá, Colombia, the company operates in Bogotá, Medellin, Cartagena, Buenaventura and Santa Marta.The deal, which expected to close later this year, ...
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NewsDSV Panalpina carries out first shipment through its combined network
DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created the second-largest airfreight forwarder in the world.Last Thursday, DSV Panalpina's successful shipment of thurst reverser engine parts from Huntsville, US, to Luxembourg, marked the first time that the newly-formed company ...
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NewsCargoLogic Germany obtains operating license
The German Federal Ministry of Transport has, subject to conditions, issued a European operating license to cargo carrier CargoLogic Germany (CLG), German logistics news site DVZ has reported.The German Federal Aviation Authority (LBA) now needs to confirm the license before the airline can start operations.CLG will initially run two Boeing ...
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NewsTIACA selects Hourcade to join transformation team
The International Air Cargo Association (TIACA) has appointed Celine Hourcade as a project manager. From September, in her new role, Hourcade will support the Association's transformation programme.The first two priorities for Hourcade are to lead the development of TIACA’s sustainability programme and sustainability award, as well as the delivery of ...
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Lufthansa reaches air cargo anti-trust settlement with Deutsche Bahn
German logistics and European rail group Deutsche Bahn has reached an undisclosed settlement with Lufthansa concerning an alleged airline cargo cartel that operated from late 1999 to early 2006.The settlement ends the companies' dispute before the Regional Court of Cologne that has been ongoing since 2013."After intense negotiations with Lufthansa, ...
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German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...
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NewsHow to prepare air cargo supply chains for Brexit
Peter MacSwiney, ASM ChairmanIn the second of our ‘How To’ series, Peter MacSwiney, chairman, Agency Sector Management, examines how companies can prepare their supply chains for BrexitAs the new October Brexit deadline moves closer, the prospect of disruption to the global supply chain and logistics industry is quickly becoming a ...
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News
Amazon to invest in Canadian freighter operator Cargojet
E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada's Cargojet.The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights.Under the new strategic agreement, Cargojet will issue warrants to Amazon to purchase variable voting ...
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News
Panalpina announces changes to board of directors
Panalpina has made changes to its board of directors following its merger with DSV.The company said that it had decided to downsize its executive board by eliminating the positions of chief commercial officer, chief legal officer, chief information officer, executive vice president, airfreight and executive vice president, ocean freight.Lucas Kuehner, ...
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News
DHL signs multi-year airfreight deal with Komatsu
DHL Express and DHL Global Forwarding have signed a new multi-year agreement with leading construction and mining business Komatsu.DHL – the largest freight and logistics company in the world – will import more than 1m kgs of Komatsu machinery and spare parts to Australia and New Zealand each year.The company ...
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Air New Zealand and Cathay Pacific extend partnership up to 2024
Air New Zealand and Cathay Pacific have had their joint venture partnership re-authorised for another five years (up to 31 October 2024) by New Zealand officials.Lavinia Lau, director of commercial, at Cathay Pacific, said New Zealand is an important part of its network and a popular destination for customers.Meanwhile, Nick ...
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NewsSIA Cargo sees a dip in volumes
Singapore Airlines Cargo (SIA Cargo) experienced a decline in cargo volumes last month (July). The freight carrier shipped 103,200 tonnes of cargo during the month, down by 5.1% compared with the same time last year.Cargo traffic as measured in tonne-km flown fell by 5.7% year on year to 547.7m.Meanwhile, capacity ...
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News
DSV-Panalpina merger creates world's second largest airfreight forwarder
DSV has announced that its acquisition of Panalpina will finally be completed today in a deal worth $5.5bn.The combined company will be recognised as DSV Panalpina and the merger will result in the creation of the second-largest airfreight provider in the world - DHL currently leads the pack.Panalpina is a ...
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Cathay Pacific chief executive resigns amid protest row
Today (August 16) Cathay Pacific announced changes in its senior management team.Augustus Tang will replace Rupert Hogg as chief executive, following Hogg's resignation earlier today. Ronald Lam will replace Paul Loo as chief customer and commercial officer.Although Cathay Pacific "believes that it is the right time for new leadership", the ...
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LATAM Cargo revenues slide as economic uncertainty takes its toll
LATAM Cargo saw its revenues decline the second quarter of the year, partly as a result of weaker demand in South America.The Santiago-headquartered airline reported a 10.2% year-on-year decline in second quarter cargo revenues to $269.3m.Cargo volumes, meanwhile, declined by 4.6% compared with a year ago to 220,000 tonnes, but ...
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Swissport targets further acquisitions after refinancing
Ground handler Swissport said it will target further acquisitions following the refinancing of debt by the group.Swissport Group today announced that successfully closed and settled its debt refinancing.The refinancing includes €410m of senior secured notes, €250m of senior notes and a €850m term loan B facility.Swissport will use the net ...
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Agility profits up despite tough airfreight market
Logistics and infrastructure firm Agility saw net profits increase by 8.1% year on year in the second quarter despite its airfreight business coming under pressure.The company reported a second-quarter revenue increase of 3.2% year on year to KD396.3m, while earnings before interest, tax, depreciation and amortisation (ebitda) improved by 31.2% ...
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US delays China tariff increases for certain products
The ongoing tariff trade war between China and the US took an unexpected twist last night when the US announced a delay to increases on some products.The US Trade Representative (USTR) office last night announced that it it would not implement a 10% tariff on products include mobile phones, laptops, ...