All articles by Damian Brett – Page 136
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NewsDSV reports record results on higher rates and GIL takeover
DSV reported record revenues and profits last year thanks to higher freight rates and acquistions.The Danish forwarder reported a 57.2% year-on-year increase in revenues for the year of DKr182.3bn, while earnings before interest and tax (ebit) were up 70.4% to DKr16.2bn and net profit climbed 164.3% to DKr11.2bn.Results were boosted ...
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Maersk swoops on Pilot to expand US forwarding presence
Shipping giant AP Moller Maersk has swooped on US forwarder Pilot Freight Services as it continues to expand its logistics presence.The transaction price is $1.7bn and the deal is expected to be completed in the second quarter of 2022. The current owners of Pilot are private equity firm ATL Partners ...
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DHL expands US B767 deal with ATSG
DHL Network Operations has extended and expanded its US lease deals with ATSG's Cargo Aircraft Management (CAM) and ABX Air subsidiaries.The new agreement includes six-year extensions through to April 2028 for the dry lease of five Boeing 767 freighters that CAM currently leases to DHL, and of the Crew, Maintenance ...
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Swissport boosted by record cargo performance
Ground handler Swissport reported a successful business year in 2021 thanks primarily to its cargo unit.The company processed 5.1m tonnes of cargo at its more than 100 air cargo facilities last year, which is an all-time high and represents a 10% increase compared with pre-pandemic 2019 levels.Meanwhile, the company's larger ...
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NewsTurkish Cargo moves freighter flights to Istanbul Airport
Source: Turkish CargoTurkish Cargo has moved its freighter operations over to Istanbul Airport to join its passenger flights after more than two years of operating with a dual-hub setup.The airport handled its first flight in 2018 and Turkish Airlines moved its passenger operations over from the existing Ataturk Airport in ...
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Newsdnata implements new cargo platform
Source: dnataGround handler dnata has implemented its OneCargo system in Iraq and will now roll the platform out globally.The company said that OneCargo "automates key business and operational functions, including safety and quality monitoring, reporting and ULD management, with an integrated, cloud-based platform".Having launched the system in Eribil in Iraq, ...
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DHL and Air France KLM partner on SAF
DHL Global Forwarding and Air France KLM Martinair Cargo (AFKLMP) have teamed up on the purchase of 33m litres of sustainable aviation fuel (SAF).The partners said the three-year cooperation represents one of the most "significant SAF purchases in the freight forwarding industry".DHL has committed to covering at least 30% of ...
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NewsSurvey reveals logistics sector's uncertainty over recovery
Logistics professionals are uncertain about the global economic outlook in 2022 but a majority feel air and ocean rates will begin to moderate by the end of the year.The latest Emerging Markets Logistics Index from logistics firm Agility and consultant Transport Intelligence found the supply chain sector was split over ...
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NewsNAM sees flower volumes blossom during 'Valentine rush'
B747 being loaded with flowers. Source: Network Airline ManagementNetwork Airline Management (NAM) has transported over 1,200 tons of freshly cut flowers from Nairobi to Europe to meet demand ahead of Valentine’s Day.The company operated a total of 12 B747F flights carrying the flowers, including four additional flights due to the ...
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NewsKerins scoops new global role at HAE
Peter KerinsAviation services company HAE Group has appointed Peter Kerins as vice president global GSA sales & development.The new role will see Kerins move back to Europe from the Middle East where he will take on global responsibility for the company's airline development portfolio.Kerins is currently vice president Middle East, ...
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Flexport secures funding as it looks to expansion
Flexport has secured $935m in funding to be used to "accelerate development of its technology platform" and expand.The freight forwarder said the money would allow it to add new locations and markets, continue building a "logistics tech ecosystem" and invest and partner with new companies in the industry.It added that ...
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NewsVolga-Dnepr utilises IL-76 for liquid oxygen equipment move
Charter airline Volga-Dnepr utilised a Il-76TD-90VD to move liquid oxygen production equipment between China and Russia.The equipment weighed more than 16 tonnes and was flown from Shanghai to Mineralnye Vody for onward transportation to Nevinnomyssk, where an liquid oxygen production facility is being built for medical use.Volga-Dnepr said it had ...
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ECS expands augmented GSA concept
ECS Group has continued to roll out its augmented GSA concept with the addition of 10 new products.The company's augmented GSA concept was announced last year and allows customers to pick and choose which services and products they would like to utilise rather than a 'one-size-fits all' solution.The concept is ...
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Women in Aviation and Logistics' mentor scheme launched
Women in Aviation and Logistics (WAL) has launched its mentorship scheme and has ambitions to grow the group even further.The initial mentor programme matched 27 industry leaders, including 16 women and 11 men, with aspiring female professionals.This programme runs until April, with mentors and mentees making a minimum four-hour commitment ...
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NewsCargo volumes boom at Miami International
Source: Miami International AirportMiami International Airport (MIA) has broken its record for cargo volumes handled for the second year in a row.The Florida hub handled 2.7m tons of freight in 2021, "shattering" its previous record of 2.3m tons achieved in 2020.International freight grew by 17% to 2.2m tons, while domestic ...
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NewsGeodis plans Brisbane Airport facility
Source: GeodisFreight forwarder Geodis will open a new warehouse at Brisbane Airport.The 4,500 sq m facility is due to be operational in the second half of the year and will feature 4,000 pallet locations, 1,500 sq m of bulk space and a cool room for perishables to supply marine and ...
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Lufthansa Cargo updates on Frankfurt embargo
Lufthansa Cargo has started to lift certain elements of its Frankfurt transit shipment embargo but warned that the situation remains tense.The carrier said that it would gradually open booking options after introducing the embargo to battle the effects of a number of Covid infections amongst its handling staff.In an update, ...
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Flexport turns to air cargo charters as it faces a robust market
Flexport has added more air cargo charter capacity in response to what it expects to be another robust year for airfreight.The freight forwarder has announced a deal with JetOneX, which currently operates B747Fs, to provide services on the Asia to Europe trade lane.The service will operate twice a week between ...
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EFW delivers Lufthansa destined A321 freighter to BBAM
Conversion firm EFW has delivered its third A321 converted freighter to lessor BBAM.EFW said the aircraft (D-AEUC) will soon make its way to Munich to enter service as Lufthansa's first A321 freighter.The aircraft will be flown by Lufthansa City Line on behalf of Lufthansa Cargo.The aircraft can transport more than ...
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Airfreight rates remain elevated in January
Airfreight rates on key trades were ahead of last year in January even though prices were down from the December peak.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America stood at $10.90 per kg in January.This is far above the ...