Business – Page 82
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News
US–China trade tension hits Hong Kong
The ongoing dispute between the US and China is having an impact on Hong Kong’s air imports and exports, according to the latest DHL Hong Kong Air Trade Leading Index.The quarterly report, commissioned by DHL Express (Hong Kong), is prepared by the Hong Kong Productivity Council. It surveys over 600 ...
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NewsPresident and CEO of Swissport International AG extends contract to 2020
Eric Born, president and CEO of Swissport International AG, has agreed to extend his contract of employment by one year.Born, who has been serving as the president and CEO since August 2015, was initially due to leave Swissport International AG at the end of 2019. However, due to the refinancing ...
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NewsLufthansa Cargo profits decline in first half of 2019
Lufthansa Cargo's profits declined in the first half of this year, a report from the company reveals.First-half year adjusted earnings before interest and taxes (EBIT) for Lufthansa's Cargo logistics segment declined to EUR15 million (prior-year period: EUR127 million), as a result of falling demand on routes between Europe and Asia. ...
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News
Asia Pacific cargo volumes continue to decline
According to the Association of Asia Pacific Airlines’ (AAPA) figures for June, air cargo volumes have declined for the eighth consecutive month.Air cargo markets in June weakened with the fall in global new export orders. Airlines in the Asia Pacific region recorded a 7.2% year-on-year fall in air cargo demand ...
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Newsdnata expands and re-structures international airport operations division
dnata is using the Descartes CORE BLE real-time tracking solution to better manage its cargo. Photo: dnatadnata has introduced a new management structure following the expansion of its international airport operations division.The new management structure includes three newly created regional chief executive officer (CEO) roles. Reporting directly to Stewart Angus, ...
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NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...
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News
Kuehne+Nagel expands perishables network with acquisition of WWP Canada
Kuehne+Nagel (K+N) has acquired Worldwide Perishable Canada (WWP), which further expands the perishable division of the business.Founded in 1999 and headquartered in Nova Scotia, Canada, WWP is a leading freight forwarder that is particularly involved in the exporting of tuna.K+N already has a strong presence on the east coast of ...
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NewsEntries open for TIACA's new Sustainability Award
The International Air Cargo Association (TIACA) has announced that it will host its first ever Sustainability Award, as part of its Sustainability Program, supported by CHAMP Cargosystems. Entries are now open for applicants’ submissions.The Sustainability Award will recognise achievements in noise reduction, the development of sustainable warehouses and handling buildings, ...
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NewsK+N airfreight volumes fall 5.8% in first half 2019
Kuehne + Nagel (K+N) saw first half 2019 airfreight volumes fall 5.8% to 813,000 tons, blaming “stagnating markets” in some key industries and an “under pressure” global air cargo sector hit by growing trade barriers.At SFr174m, K+N’s airfreight division saw its EBIT down by 4.4% compared to the 2018's like ...
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NewsDelta Cargo focusses on investments
Delta Cargo, Shawn ColeOver the last three years Delta Air Lines has invested four times the amount that it spent in the preceding ten years to develop its cargo business.Delta Air Lines vice president of cargo Shawn Cole tells Air Cargo News that much of the investment was made in ...
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News
Cargo-partner to expand with new offices
Logistics firm cargo-partner is expanding with new offices in Australia, the UAE, Austria and Malaysia as it pursues organic growth.The most recent addition in cargo-partner’s global presence is Melbourne, Australia, which became fully operational as of July 15.In Malaysia, the company has taken up operations with a sales and customer ...
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NewsPanalpina sees airfreight increase despite competitors targeting its customers
Panalpina recorded an increase in airfreight volumes in the first half of the year despite competitors targeting its volumes and the overall market downturn.The freight forwarder recorded a 5% year-on-year increase in first-half airfreight tonnage to 512,000 tonnes thanks to acquisitions, while air revenues declined by 2.6% to SFr1.5bn and ...
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News
Atlas expects more shippers to add their own air cargo networks
Shippers are expected to increasingly create their own air cargo networks as they look to enhance the control they have over their supply chains.Speaking at the Air Cargo Europe event in early June, Atlas Air Worldwide executive vice president and chief commercial officer Michael Steen said that the rise of ...
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NewsIATA and ATA team up on animal transportation programme
IATA has teamed up with the Animal Transport Association (ATA) to promote adoption of CEIV Live Animals certification to help raise the standard of animal transportation.As part of the tie up, the two organisations have signed a Memorandum of Understanding (MoU). This will see ATA encourage adoption of CEIV Live ...
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NewsAgility on a growth trajectory despite market slowdown
Michael BlaufussMichael Blaufuss’ CV reads like a Who’s Who of the freight forwarding industry over the last 30 years, but surprisingly he has only really worked for two different companies.Blaufuss is currently Agility Global Integrated Logistics (GIL) senior vice president of airfreight but began his career in logistics in 1989 ...
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NewsEtihad Cargo fine-tunes its network strategy
Etihad Cargo - Abdulla Mohamed ShadidEtihad Cargo has seen a significant change of focus in the last two years, according to Abdulla Mohamed Shadid who joined as managing director cargo and logistics at Etihad Aviation Group a year ago.In the light of changing market conditions, it was evident that the ...
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NewsNo recovery in sight for air cargo
The latest figures from WorldACD do not offer any hopes for a recovery in air cargo growth this year, according to the analyst.Figures show that the total chargeable weight of cargo decreased by 5% year on year in May, whilst yields in US dollar terms were down 5.6% on a ...
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News
Retailers hopeful as US holds back on plan for more tariffs on Chinese goods
US retailers have expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.On Saturday, the US President said that he would hold off imposing 25% tariffs on ...
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News
Air Canada completes Transat acquisition
Air Canada and Transat announced today that they have concluded a definitive Arrangement Agreement that provides for Air Canada's acquisition of all issued and outstanding shares of Transat and its combination with Air Canada.Under the terms of the binding agreement, unanimously approved by the Board of Directors of Transat, Air ...
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NewsUS-China trade tensions dent air cargo outlook
The DHL Global Trade Barometer (GTB) is indicating a contraction in worldwide trade over the next three months for the first time since its launch in January 2018.The quarterly trade index for the coming three months now stands at 48 points, which as it is below 50, indicates expectations of ...