All articles by Damian Brett – Page 58
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News
FedEx profits improve as cost cutting takes effect
FedEx saw its profits improve in the third quarter of its fiscal year despite revenues coming under pressure due to weak market conditions.The express giant saw its fiscal year third-quarter revenues decline by 2% year to $21.7bn, but operating income improved by 19% on last year to $1.2bn and net ...
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More than 20 parties interested in buying DB Schenker
Deutsche Bahn (DB) yesterday provided an update on its plan to sell DB Schenker during the announcement of its full-year results, which showed the forwarder delivered a "reliable" profit performance.Levin Holle, member of the board responsible for finance and DB Schenker, said that more than 20 parties had registered an ...
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NewsAmazon Air expands capacity and simplifies network
Amazon Air expanded its air cargo capacity last year through the addition of larger aircraft but also simplified its network and conducted fewer flights.The latest study from The Chaddick Institute for Metropolitan Development shows that in the five weeks running to March 12, Amazon Air increased its US tonnage capacity ...
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IAG Cargo takes aim at digital with recruitment drive
IAG Cargo is recruiting more than 60 digital and IT roles as the company looks to enhance its digital offering.The recruitment drive will more than double the size of the cargo businesses' IT team.David Walker, chief digital and information officer, IAG Cargo, said: “This is an exciting time at IAG ...
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NewsKerry launches Europe-Oceania air-sea operation
Source: Kerry LogisticsKerry Logistics has launched an air-sea operation from Europe to Australia and New Zealand as it looks to combat extended ocean shipping times caused by the Red Sea crisis.The new service will fly cargo from Europe to Hong Kong, where it is placed on a ship for the ...
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NewsAir Charter Service expands ACMI team
Matt Purton. Source: Air Charter ServiceCharter broker Air Charter Service has made a series of appointments to its leasing team in response to increased demand.The broker said that it had appointed six new members of staff around the world in response to the rising demand for aircraft, crew, maintenance and ...
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NewsPuerto Rico's ETH Cargo achieves CEIV Pharma
Sascha Herzig, ETH Cargo. Source: Puerto Rico Life Sciences Air Cargo CommunityPuerto Rico-based logistics firm ETH Cargo Services has achieved IATA CEIV Pharma certification ahead of an airport community drive to get more members to gain the standard.The certification offers a standard for companies transporting pharmaceuticals, ensuring that temperature-controlled, time-sensitive ...
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News
Air cargo demand still growing after LNY but rate of improvement slows
There had been much speculation in air cargo about whether the strong demand growth reported over the first two months of the year would continue past the Lunar New Year holiday but it appears the buoyant market conditions are so far continuing, although at a slightly lower level.Figures released last ...
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NewsAmerican Airlines Cargo: flying fish from Japan
Source: American Airlines CargoAmerican Airlines Cargo has flown record numbers of valuable koi carp from Japan as demand for the prized fish continues to rise.The carrier said that the popularity of the fish has grown as ornamental fishkeeping expands globally, particularly in Hong Kong, the US, China, Germany, the Netherlands ...
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NewsHactl launches green pact ahead of new HK waste charging scheme
Source: HactlHong Kong handler Hactl has launched a voluntary Green Terminal Pact (GTP) to engage its SuperTerminal 1 tenants in reducing carbon footprint ahead of a new waste charging scheme.The GTP comes as the government of Hong Kong will implement Municipal Solid Waste Charging from August 1.In line with the ...
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NewsSterling and SATS partner on time-critical AOG shipments
Source: SATS. Photo: RENDY ARYANTO/VVS.sgAviation logistics firm Sterling is partnering with ground handler SATS to speed up first- and last-mile delivery of urgent Aircraft-on-Ground (AOG) shipments.The collaboration between Kuehne+Nagel-owned Sterling and SATS will focus on optimising handling processes with new services.The services provided include specialised handling at the point of ...
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News
Pharma.Aero launches sustainability index
Supply chain organisation Pharma.Aero has developed a new sustainability index to help air cargo companies involved in the transport of pharmaceuticals improve their environmental impact.The new Lane Sustainability Readiness Index is part of a white paper that the pharma organisation has recently launched based on the findings of its Green ...
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News
DANX Carousel calls for standardised electric vehicle battery transport rules
Time-critical logistics firm DANX Carousel has called on European rulemakers to standardise regulations around the transport and storage of electric vehicle (EV) batteries.The European Union (EU) last year created new battery transport regulations, but the logistics firm's chief executive, Klaus Rud Sejling, has concerns that disparity between nations will add ...
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News
AirBridgeCargo to return two freighters to lessor
AirBridgeCargo is reportedly returning two of its Boeing freighters to their Chinese owners two years after they were grounded due to sanctions related to the war in Ukraine.Russian publication RBC reports that the freighter airline is returning two of its Boeing 747Fs to the Bank of China Aviation (BOC Aviation).RBC ...
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Silk Way West continues freighter fleet expansion with another 777
Silk Way West Airlines has ordered an additional Boeing 777 freighter with the company saying the decision was driven by its "commitment to sustainability".The Baku-headquartered freighter carrier initially ordered five 777 freighters back in April 2021 but has now amended the agreement to add the additional aircraft.Two of the six ...
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Liege Airport cargo volumes bounce back after tough 2023
Liege Airport has seen its cargo volumes bounce back in the first two months of the year following a double-digit percentage decline in 2023.The Belgian freighter hub registered a 13% year-on-year increase in cargo volumes over the first two months to 175,593 tonnes while the number of flights improved by ...
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NewsIAG Cargo looks forward to new US flights
Source: IAG CargoIAG Cargo is hoping to capitalise on the addition of a new service from Barcelona to the US from sister airline LEVEL.On March 31 LEVEL will add a new three-times-per-week service from Barcelona to Miami.Meanwhile, services between Barcelona and San Fransisco will restart on the same date with ...
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NewsTeesside International scoops FedEx flights
Tees Valley mayor Ben Houchen, Alun Cornish, Fed Ex and Teeside Internationa’s Phil Forster. Copyright: Tom Banks/Banks PhotoFedEx will switch its northeast England operation to Teesside International Airport after signing a five-year deal for an airfreight handling facility at the airport.The change will see the express giant move its eight ...
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NEO Air Charter sees Red Sea-related rise in demand
Germany-headquartered NEO Air Charter has reported a rise in demand as e-commerce firms look to avoid issues caused by the Red Sea shipping crisis.The charter firm has operated 60 widebody freighter charters in the first two months of 2024 due to container shipping firms taking the longer route around Africa ...
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News
WFS set to swoop on Swedish cargo businesses
SATS confirmed its intention to acquire Sweden’s Terminal & Transporttjänst i Sigtuna (TT) and APH Logistics through its wholly-owned subsidiary, WFS Sweden.Completion of the transaction remains conditional upon regulatory filings and the required subsequent approvals, however.TT is a cargo warehouse and trucking operator based at Stockholm Arlanda Airport, Sweden’s busiest ...