All articles by Damian Brett – Page 104
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NewsForwarders stick with short-term deals as air cargo volumes fall
Freight forwarders are continuing to opt for short-term airfreight deals as volumes and rates continue to decline.The latest statistics from Xeneta-owned CLIVE Data Services show that in November air cargo volumes declined 8% year on year and were down 2% on October, while the dynamic load factor - based on ...
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Cargo.one aims to create differentiation in online booking
The air cargo booking portals that have emerged over the last few years initially competed on the number of airlines they were able to offer.But as airlines continue to roll out their capacity across the various platforms, that differentiation continues to narrow.Moritz Claussen founder and co-chief executive of the cargo.one ...
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NewsIATA predicts 4% drop in air cargo volumes next year
Air cargo traffic is predicted to drop by a further 4% next year, while yields and revenues are also expected to weaken compared with this year's levels.Speaking at the IATA Global Media Day, the airline association's head of policy analysis Andrew Matters revealed its predictions for next year.He said that ...
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Forwarder Flightwatch to add Brussels branch
Ostend-based freight forwarder Flightwatch will open a new office at Brussels Airport next year as it looks to be "in the middle of the action".The company, which specialises in the transport of live animals and special cargo, said the new office would be situated close to airline offices and handling ...
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NewsIATA: Airlines to return to profit next year but cargo under pressure
Airline association IATA is expecting airlines to return to profit next year after three years of losses due to the outbreak of Covid but cargo volumes, yields and profits are set to decline.IATA said that in 2023 it expects airlines to post a "small" net profit of $4.7bn, which equates ...
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Booking platform WebCargo adds China Southern capacity
China Southern Air Logistics will become the first Chinese carrier to offer China import bookings on the WebCargo platform.WebCargo said that China Southern would gain access to the platform's 3,500 freight forwarder users, while the forwarders would be able to see live rates and make bookings on services into China. ...
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NewsEtihad Cargo restarts China-India freighter flights to meet industrial demand
Source: Etihad CargoEtihad Cargo is restarting freighter flights between China and India as it targets industrial and manufacturing volumes.The new service will operate twice per week between Shanghai and Chennai and supports India's "booming market, which has witnessed an increase in manufacturing and industrial production post-pandemic."The first flight will take ...
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NewsAmerijet eyes further freighter fleet expansion
Fast-growing freighter operator Amerijet has its eyes on further expansion and hopes to double the size of its fleet in the coming five years.The airline has experienced rapid growth in recent months as its fleet has grown from eight aircraft at the start of 2020 to operating 22 today – ...
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InsightsAirblox aims to create an air cargo futures market
Airblox launched in the air cargo market in 2022 with the aim of creating an electronic exchange for block space agreements.Speaking to Air Cargo News at the Air Cargo Forum event in Miami, the company’s founder Edip Pektas, whose career in air cargo started with an investment in handler MIC ...
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Insights
Logistics UK: Heathrow Airport - the sky is the limit
Since 2021 there has been a drop in freight movements across all modes due to the cost-of-living crisis, post-pandemic supply chain issues, the conflict in Ukraine and an increase in fuel prices.Overall, consumer activity is down and compared to last year, retail sales have fallen 6.9%.Aviation especially saw a decline ...
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NewsK-Mile Asia to provide freighter flights for SF
Source: ASL AviationBangkok-based K-Mile Asia will provide charter flights between Thailand and China on behalf of express giant SF Express.The carrier said that starting in mid-November it would operate two flights per week between Shenzhen Bao'an (SZX) from Bangkok Suvarnabhumi (BKK) using a dedicated B737-400 freighter.K-Mile’s managing director, Pansith Sasunee, ...
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Avianca Cargo adds three service levels
Avianca Cargo has launched three service levels based on the speed of service required.The Latin American carrier's three new service levels are named Priority, Standard and Standby.Priority guarantees the shipments are transported on booked flights, which the carrier said is ideal for urgent shipments.Standard will provide a balance between urgency ...
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SATS secures funding plan for WFS takeover
Aviation services company SATS has finalised its funding plan for the proposed acquisition of cargo handler Worldwide Flight Services (WFS).The funding plan for the total acquisition cost of S$1.8bn is a mix of term loan and renounceable underwritten rights issue, with the remaining amount financed by internal cash balance.The loan ...
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Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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DB Schenker set for reorganisation
Freight forwarding giant DB Schenker is planning to restructure in order to "simplify" and "reduce administration costs", according to Air Cargo News sister title DVZ.Following up on reports in the Loadstar, sources confirmed to the German publication that the move would streamline management at individual country level, replacing them with ...
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Air cargo suffers largest demand drop of 2022 in October
Air cargo demand suffered the largest percentage decline of the year so far in October but there is the hope of some peak season pick-up.The latest statistics from IATA show that air cargo tonne km declined by 13.6% year on year in October while capacity was down 0.6% and load ...
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American Airlines Cargo looks to an expanded transatlantic network
American Airlines Cargo is hoping to benefit from the addition of two new origins to its transatlantic winter network.The cargo business said that during this year's winter season it will be able to offer direct capacity from 11 European cities and 11 US destinations - two more than last year ...
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NewsNew MD for ASL Airlines France
Eric Vincent. Source: ASL. Copyright: David O'Shea PhotographyEric Vincent has been appointed as managing director of ASL Airlines France following the departure of Jean-François Dominiak.Vincent has been director of sales and programme in ASL Airlines France, and a member of the airline’s Executive Management Team since 2009.Since then, he has ...
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NewsDSV offsets carbon emissions with Etihad flight
Source: Etihad CargoDSV has become the first company to purchase Etihad Cargo sustainable aviation fuel (SAF) to offset the carbon emissions of a flight.Etihad Cargo transported DSV's cargo shipment from Washington Dulles to Abu Dhabi on Etihad's first transatlantic NetZero flight on November 13.The B787 flight also utilised contrail prevention ...
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Atlas Air takeover moves ahead after shareholders' approval
The takeover of Atlas Air Worldwide Holdings took a step forward yesterday when the firm's shareholders voted to approve the deal.More than 99% of the shareholder votes cast were in favor of the adoption of the agreement, which represented approximately 80.9% of the outstanding shares of company's common stock.The final ...