All articles by Damian Brett – Page 60
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsQatar Cargo waves goodbye to its last Boeing 747 freighter
Source: Qatar Airways CargoQatar Airways Cargo has exited Boeing 747 freighter operations after the model conducted its final flight for the Doha-headquartered airline last week.The aircraft (A7-BGB) completed its final flight from Barcelona to Doha on March 1.The carrier said that it had decided to exit the operation of the ...
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News
Cargolux takes a stand on disposable e-cigarettes
Cargolux will no longer transport disposable electronic cigarettes in response to concerns over their impact on health and the environment.The all-cargo airline said that the ban would also apply to its Cargolux Italia and comes in response to "growing concern about the adverse effects of these products on both public ...
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News
Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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Insights
Air cargo momentum grows in India’s State of Tamil Nadu
India’s southern state of Tamil Nadu is rapidly expanding air cargo infrastructure and throughput handling.The state hosts India’s second-largest air cargo capacity with a total share of 28.3%, according to national government statistics.The state also has the highest number of container freight stations (CFSs) and Warehouse Development and Regulatory Authority ...
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News
Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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Handler dnata weighs up dedicated sea-air facility as demand surge continues
Dubai-headquartered handler dnata is considering taking up a dedicated sea-air facility as demand continues to surge.Traditional sea-air hubs have this year experienced a surge in demand as forwarders looked for alternatives to ocean transport due to delays caused by attacks on vessels in the Red Sea and the subsequent diversion ...
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Latin American air cargo liberalisation agreement made permanent
A multilateral agreement to liberalise air cargo services in Latin America has been made permanent in a move that could boost airfreight in the region.The seventh freedom traffic rights agreement was established on a temporary basis in 2021 but in December was made permanent.The agreement allows airlines from one Latin ...
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NewsHactl opens new cool chain facility for cargo at HKIA
Source: HactlHong Kong handler Hactl has opened a new cool chain facility as it continues to target the pharma market.Hactl said the new Cool Chain Complex (CCC) is the largest cool facility at Hong Kong International Airport (HKIA).It allows import shipments to be unloaded from aircraft, broken down, and either ...
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NewsTIACA to launch carbon offsetting programme
Source: Love Silhouette/shutterstockTIACA is launching a carbon-offsetting programme to help smaller companies invest in reducing their impact on the climate.The Climate Action Platform will go live in the coming days and will provide companies with an initial portfolio of six carbon-offsetting projects.TIACA worked with carbon consultancy South Pole to select ...
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News
WorldACD figures show extent of sea-air growth
The latest weekly figures from data analyst WorldACD show an upswing in volumes at sea-air hubs as a result of the Red Sea shipping crisis.WorldACD figures show that over the first seven weeks of the year, Dubai, Colombo and Bangkok all saw their respective tonnages to Europe increase by more ...
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NewsTIACA survey reveals growing pressure on sustainability in air cargo
TIACA's latest sustainability survey has revealed a growing focus on sustainability in air cargo but also a gap between the smaller and larger organisations in terms of investment.The survey of more than 280 air cargo professionals - produced in partnership with consultancy Change Horizon - showed that 67% of respondents ...
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NewsQCS and Team Global Logistic to expand reach with merger
Source: QCSQuick Cargo Service and Team Global Logistic will merge their businesses with the aim of expanding the reach of service.The two companies said that union is "poised to enhance service offerings, expand global reach, and deliver unparalleled value to customers worldwide".QCS announced the deal this week and said that ...
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News
Cathay Cargo and DB Schenker connect through API
DB Schenker and Cathay Cargo have connected their system through an application programming interface (API) that will allow the forwarder to make direct bookings on the airline's flights.The two firms said the connection would allow the forwarder to access Cathay Cargo's Click & Ship booking platform through its in-house system ...
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NewsRock-It Cargo processes first US electronic ATA carnet
Source: Rock-It CargoLive events forwarder Rock-It Cargo has piloted the first US electronic ATA Carnet for the temporary export and import of equipment.The first US eATA Carnet was used to ship microphones, designed by Emmy Award-winning costume designer Perry Meek, from New York JFK to Heathrow for a live events ...
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AfA calls on Biden to improve US airport cargo infrastructure
The US Airforwarders Association (AfA) has written to US president Joe Biden to ask for funding to be allocated for the improvement of cargo facilities at the country's airports.In his letter, AfA executive director Brandon Fried said it was disappointing that the recent announcement of $970m in grants for airport ...
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NewsBangkok Flight Services gains GDP certification
Source: WFSHandler Bangkok Flight Services has achieved Good Distribution Practice (GDP) certification for its pharma facility at Suvarnabhumi International Airport.BFS, which is a joint venture between SAT-owned WFS and Bangkok Airways, received its GDP certification from independent audit body Escem/TüV Rheinland following a two-day assessment of the pharma facility.The pharma ...
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ECS Group back on the acquisition trail
The ECS Group is back on the acquisition trail following a break in activity due to the Covid crisis.The general sales and service agent (GSSA) has announced three takeover deals in the past three months and executive chairman Adrien Thominet says there are more deals in the pipeline.Explaining the decision ...