Business – Page 97
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News
‘Giant step forward’ for dangerous goods compliance
IATA has launched a new digital solution, Dangerous Goods AutoCheck (DG AutoCheck), that allows the air cargo supply chain to check the compliance of shippers’ Declaration for Dangerous Goods (DGD) against the association’s Dangerous Goods Regulations (DGR).“The air transport industry handles in excess of 1.25 million dangerous goods shipments transported ...
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Air cargo told to step up its perishables performance
Air cargo must improve its performance if it wants to take advantage of the growing perishables market and avoid losing out to disruptors and other modes of transport.At the IATA World Cargo Symposium, forwarder Adelantex business development manager perishables Frank Van Gelder outlined how consumers were changing their expectations for ...
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Schiphol data sharing platform blooms
As part of its Smart Cargo Mainport Program (SCMP), Amsterdam Airport Schiphol is now linking critical flower shipment data to air waybills at source, the Dutch gateway announced at the IATA World Cargo Symposium currently under way in Dallas, Texas.The SCMP aims to increase efficiencies at Schiphol through increased data ...
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CITES calls for continued effort from air cargo to reduce illegal wildlife trade
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has called on the air cargo industry to continue its efforts to help reduce the illegal trafficking of wildlife.Speaking at the IATA World Cargo Symposium, CITES secretary general John Scanlon highlighted the plight of many species ...
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IATA updates on key projects and outlines protectionism concerns
IATA has outlined its concerns over potential protectionist measures, while also updating the industry on several key projects.Speaking at a press conference on the opening day of its World Cargo Symposium event in Dallas, IATA chief economist Brian Pearce reiterated expectations that the air cargo industry will grow by around ...
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IATA Cargo iQ gains ground
Menzies Aviation has become the newest member of IATA’s Cargo iQ initiative, which seeks to create and implement global quality standards for air cargo.“We have recently launched our new cargo strategy across our network and joining Cargo iQ is an integral part of our drive for excellence and a standardised ...
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Cathay: “robust” cargo demand in 2017
Hong Kong-based Cathay Pacific Airways saw “robust” cargo demand throughout 2017, with tonnage growth outpacing increases in capacity.The cargo capacity of Cathay Pacific and Cathay Dragon increased by 3.6% year on year and tonnage rose by 10.9%. The load factor stood at 67.8%, up by 3.4 percentage points on the ...
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Better together says Butler of American Airlines
Air cargo stakeholders should share digital data across the airfreight supply chain if they want to keep pace with consumer demand for faster and smarter logistics in delivering goods such as e-commerce.Jim Butler, senior vice president international and cargo at American Airlines Cargo, speaking at IATA's World Cargo Symposium in ...
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IATA forecasts FTK growth against stronger trade backdrop
IATA Economics has forecast industry-wide freight tonne kilometres (FTKs) to grow by 4.9% on average over each of the next five years (2018-2022), helped by a stronger economic and trade backdrop than was the case during the previous five-year period.The prediction is based on the assumption that airfreight will continue ...
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IATA: four priorities for success
IATA has highlighted four priorities for the future success of the air cargo industry at this week’s World Cargo Symposium: accelerating the digitisation of the supply chain, enforcing regulations for lithium batteries, more efficient trade facilitation and developing the next generation of air cargo leaders.“Air cargo had an exceptional year ...
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IATA highlights “robust” pace of air cargo growth
IATA has released its latest Cargo Chartbook, which indicates that during the quarter ended January 31 air freight tonne-km (FTK) grew by 7.4% year on year – “a robust pace by historical standards” although rather slow in seasonally adjusted terms.The association said: “Demand for air freight has been boosted since ...
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Air cargo becomes a sellers' market
The boot is on the other foot now. For years, airlines were craving fixed contracts, while forwarders, egged on by their clients, kept shopping around for the bargain of the day.Today it is the forwarders who are desperate to secure lift, as the ad hoc market augurs painfully high prices.“The ...
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A safety screen for lithium batteries
LITHIUM batteries are Dr Jekyll and Mr Hyde when it comes to air cargo, writes Roger Hailey, Air Cargo News editor. These high energy units literally power the mobile revolution, residing as they do in most tablets and mobile phones. Properly declared by the shipper, they are premium cargo.But lithium ...
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NewsSolid start for air cargo but concern as trade war looms
Air cargo started 2018 with robust growth as demand drivers remained supportive, but a potential trade war could hinder growth in the future.The latest figures from IATA show that cargo traffic in freight tonne km terms increased 8% year on year in January, up on the 5.8% improvement registered in ...
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Nippon Express out the 'hanger' with fashion logistics takeover
Japanese forwarder Nippon Express has purchased Italian fashion logistics firm Traconf for €144.5m as it looks to expand outside of its home market and further develop its apparel services.Nippon Express said it believed the acquisition would help it grow its fashion logistics business dramatically and would fit well with its ...
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Panalpina sees profits soar on record airfreight volumes
Panalpina reported revenue and profit increases last year on the back of record airfreight volumes, while it will continue to target “bolt-on” acquisitions.The Switzerland-based freight forwarder saw 2017 revenues increase 6.5% year on year to Sfr5.5bn, while earnings before interest and tax (ebit) climbed 26.1% to Sfr103m and profits were ...
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Deutsche Post DHL sees 2017 profits climb 7.2% to €3.7bn
Deutsche Post DHL Group (DP-DHLG) saw operating profit climb by 7.2% to €3.7bn in the 2017 financial year, revenues were up by 5.4% to €60.4bn, with all four divisions contributing to the increase.The German logistics giant and the world’s largest purchaser of airfreight capacity said that its DHL Express division ...
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World Cargo Symposium roadmap and weblinks
RoadmapWCS 2018 roadmap (pdf). Check all the plenary sessions, industry meetings, executive meetings and specialized tracks that will take place.Monday, 12 March 2018CEIV Pharma Workshop (pdf)Cargo Products Workshop (pdf)FACES Agenda (pdf)Horizon Innovation Forum (pdf)Tuesday, 13 March 2018Opening plenary09:00 - 16:30Wednesday, 14 March 2018 Morning TracksPerishables Agenda (pdf) ULD Agenda (pdf)Cargo ...
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Industry leaders gather in the Lone Star state
From the desert oasis of Abu Dhabi in 2017 to a Texan treasure in 2018, the global airfreight industry’s annual conference forum will gather in Dallas for IATA’s 12th World Cargo Symposium (WCS), March 13-15, at the Hilton Anatole.IATA has promised that this year’s WCS will “continue to move the ...
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A great year but challenges ahead
Last year will go down as a great one for air cargo, with traffic increases outstripping capacity growth, and as we closed the year, IATA estimated that demand, measured in freight tonne kilometres (FTKs) grew by over 9% in 2017 compared with 2016, writes Glyn Hughes, head of cargo at ...