All articles by Damian Brett – Page 59
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News
Technavio predicts strong air cargo growth in next few years
Industry analyst Technavio has forecast in its Air Cargo Market Analysis 2023-27 that the air cargo market will grow by 19.5m tons between 2022 and 2027.This works out at a compound annual growth rate of 5.3% during the forecast period.Key drivers of growth will include increasing e-commerce sales, growing demand ...
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NewsSwissport begins handling at Palma de Mallorca
Source: SwissportGround services provider Swissport has begun handling at Spain's third-largest airport, Palma de Mallorca.It began handling at the airport on March 12.In 2023, Palma de Mallorca came ninth in the list of Spanish airport operator Aena’s cargo gateways by volume.According to the handler, Swissport’s expansion into Mallorca complements its ...
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NewsVIDEO: The biggest challenges facing air cargo
At this week’s IATA World Cargo Symposium in Hong Kong, the Air Cargo News team spoke to a variety of attendees to find out their thoughts on the current and future air cargo market. In this video, we find out what participants at the event feel are the biggest challenges ...
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NewsCargo iQ appoints new executive director
Marie Seco-Köppen. Source: Cargo iQMarie Seco-Köppen is to take over from Lothar Moehle as the new executive director of Cargo iQ, the non-profit group that seeks to define the processes behind the transport of air cargo in order to measure success and continuously improve the value of airfreight for customers.Seco-Köppen ...
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News
IATA reports on latest progress made on lowering carbon emissions
The International Air Transport Association (IATA) has released the latest edition of its Fly Net Zero reports, which covers the latest industry developments for January and February as the industry moves towards a target of zero carbon emissions by 2050.Some of the latest developments relate to the cargo side of ...
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News
Kale Info Solutions joins ACI-LAC
Kale Info Solutions USA, a fully owned subsidiary of India-based Kale Logistics Solutions, has joined Airports Council International - Latin America and Caribbean (ACI-LAC), a regional office of ACI promoting the interests of airports in the region.According to Kale, the partnership marks “a significant step towards fostering innovation and digital ...
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News
Emirates SkyCargo adds capacity to cargo.one portal
Emirates SkyCargo has continued to roll out its digital booking capabilities with the addition of a new partnership with cargo.one.The new partnership with the third-party booking platform will enable its 15,000 forwarder users to access the airline's schedules, tariff and contract rates, along with real-time access to available capacity.During the ...
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NewsGenerative AI has air cargo potential but should be approached with caution
Source: Air Cargo NewsGenerative Artificial Intelligence (GenAI) is the latest technology buzz sweeping the world but potential air cargo users must keep an open mind and not get carried away if its implementation is to prove successful.Speakers were asked by session moderator Anna Ghion, senior global account manager for MNO ...
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NewsONE Record to deliver benefits but also challenges
Source: Air Cargo NewsIATA’s ONE Record project is set to deliver many benefits to the industry but there are also challenges to the implementation of the standard, according to speakers at the IATA World Cargo Symposium.During a panel discussion on air cargo digitalisation, CHAMP chief commercial officer Nicholas Xenocostas said ...
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NewsAir cargo demand drivers
Source: Air Cargo NewsThe rapid rise of e-commerce, disruption in ocean shipping and supply chain diversification are some of the main drivers of air cargo demand in the current market.Speaking at the IATA World Cargo Symposium, Xeneta chief airfreight officer Niall van de Wouw identified three factors that drive air ...
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NewsAccelerating the "glacial" pace of change in air cargo
Source: Air Cargo NewsAir cargo needs to move from talk to action if it is to speed up its “glacial pace” of change, according to speakers on an executive round table discussion at the IATA World Cargo Symposium.During the event’s opening plenary, IATA senior vice president operations, safety and security ...
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News
Ukrainian prosecutors lay formal charges over destruction of AN-225
Ukrainian prosecutors and security service SBU have formally accused ex-Antonov officials of obstructing attempts by the country’s military to defend Gostomel airport.The airport was “strategically important”, said the security service, and became the target of an assault in the early days of the Ukrainian-Russian conflict.This attack on February 27 2022 ...
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News
Big three US airlines again delay resumption of further China flights
The three largest US airlines are pushing back until at least late October the resumption of many flights to China that they cut early during the Covid-19 pandemic.American Airlines, Delta Air Lines and United Airlines received authority from the US Department of Transportation (DOT) to delay by another 90 days ...
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NewsPML Seafrigo positive on the future despite challenging market conditions
Mike Parr. Source: PML SeafrigoIt is a year since Seafrigo purchased UK perishables forwarder PML and the firm's director, Mike Parr, has said the merger of the two companies is progressing well despite the current challenges faced by the perishables industry.Parr said the two companies are "delighted with the harmonious ...
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NewsWorldACD: January and February figures show air cargo is in recovery mode
The strong demand growth levels recorded over the first two months of the year are evidence of an improvement in air cargo demand after a weak 2023.Data analyst WorldACD said that it is hard to gain a true understanding of demand trends by looking at January and February individually due ...
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NewsTeleport signs up with CargoWise
Source: TeleportSoutheast Asia air logistics provider Teleport has signed up to place its capacity on freight forwarder platform CargoWise.The move will allow forwarders that have implemented the WiseTech Global-owned platform to manage supply chain operations to plan, book, confirm and manage shipments on the carrier in real time."The direct data ...
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NewsPrioritising SAF production
IATA believes that transitioning to SAF is key to achieving net zero carbon emissions from aviation by 2050, but to reach that goal production will need to ramp up significantly.Aviation was busy promoting its environmental credentials ahead of the United Nations Climate Change Conference – COP 28 – held in ...
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NewsRegulating battery transport
As lithium batteries become increasingly prevalent, the risks involved in shipping them must be managed. So what rules are being developed to keep everyone safe?IATA global head of cargo Brendan Sullivan believes that the risks associated with transporting lithium batteries are on the rise.He points out that increasing volumes of ...
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NewsConnecting the supply chain
IATA has big plans to improve data sharing across the supply chain, utilising the latest technology to help the air cargo industry up its digital game. There is no doubt that the past few years have seen the air cargo industry improve its ability to share data and information across ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...