All Europe Articles – Page 138
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News
Cargo revenues slide at Turkish Airlines
Turkish Airlines continued to report improved profits during the second quarter of the year, but revenues at its cargo division declined once again.The Turkish flag carrier recorded an overall net profit of $253m during the second quarter of the year compared with $190m during the same period last year.2015 half-year ...
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Aeroflot load factor slides on capacity additions
The Aeroflot Group saw its load factor decline in July as new additions to its fleet caused capacity growth to outstrip demand increases.In July, the Russian airline saw traffic increase by 6% year on year to 989m revenue tonne km while capacity increased by the higher amount of 7.1% to ...
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Kalitta chooses CHAMP
All-cargo carrier Kalitta Air has become the North American launch customer for CHAMP Cargosystems’ next generation Weight & Balance application to manage load planning across US-based airline’s fleet of 14 Boeing 747 freighters.Conrad Kalitta, chief executive at Kalitta Air, said: “We selected CHAMP’s Weight & Balance as we were confident ...
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Kerry Logistics' perfect fit for Debenhams
A UK regional rather than Heathrow-centric approach to airfreight helped Kerry Logistics Network secure a contract with Debenhams that cuts by two days the outbound supply chain process to growing markets in the Middle East.Kerry Logistics will handle all airfreight from Debenhams’ UK distribution centre in Peterborough to various destinations ...
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Geodis' US expansion was expected for some time
French logistics firm Geodis’ acquisition of US-based third party logistics operator Ozburn-Hessey Logistics (OHL) for an undisclosed amount had been “on the agenda for some time”, according to one industry analyst.Transport Intelligence said that a Geodis acquisition in the US had been expected and earlier in the year the company ...
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Extended investigation into FedEx-TNT deal not expected to affect projected timeline
Update: The European Union’s decision to extend its investigation into FedEx's $4.8bn bid to takeover TNT Express is not expected to change the timeline for completion.Today, Brussels confirmed it will now complete its competition investigation into the deal by January 13, instead of December 8 as initially expected.A TNT spokesperson ...
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Geodis to buy logistics operator OHL
French global forwarder Geodis has entered into an agreement to acquire US-based third party logistics operator Ozburn-Hessey Logistics (OHL) for an undisclosed amount.The number four European supply chain operator said that OHL will be rebranded “in time” under the Geodis banner.Geodis, 100% owned by French railways subsidiary SNCF Logistics, has ...
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European Commission extends investigation into FedEx-TNT deal
The European Union has extended its investigation into FedEx's $4.8bn bid to takeover TNT Express.Brussels will now complete its investigation by January 13, instead of December 8 as initially expected."The parties have requested a 20-day extension for the phase II investigation, as they are entitled to do according to the ...
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Finnair Cargo sees revenues and traffic slide in the second quarter
Finnair Cargo saw revenues, volumes and yields decline during the second quarter of the year as its withdrawal from Asia-Europe freighter operations and tough market conditions had an impact of results.The Helsinki-headquartered operator saw second-quarter revenues decline by 23% on last year to €45.1m while cargo traffic declined by 19.2% ...
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UTi joins forwarders offering China-Europe rail alternative to air
UTi Worldwide has joined the growing number of forwarders offering railfreight alternatives to ocean and air cargo between China and Europe.The global supply chain services provider launched its weekly Iron Silk Road rail service between Harbin and Hamburg to provide clients “more cost-effective transport options in these markets and beyond”.UTi ...
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Europe's top cargo airlines suffer more demand declines in July
July was another tough month for Europe’s air cargo carriers as Lufthansa, Air France KLM, IAG Cargo and Finnair all reported demand declines as a result of tough market conditions and changes in freighter strategies.Overall, the four airlines recorded a 7.6% slide in cargo volumes during the month, which compares ...
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AmSafe tests fire containment for lithium batteries
AmSafe Bridport has conducted a full scale test for its fire containment products by simulating a lithium-ion battery fire within an airfreight container.In the test, the UK-based company reports that the subsequent fire was suppressed for over six hours.Joe Ashton, cargo business manager at AmSafe Bridport, said: “The fully certified ...
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Forwarder Damco records first quarterly profit since 2013
Freight forwarder Damco recorded a quarterly profit for the first time in more than a year during the second quarter but airfreight volumes decreased.The AP Moller Maersk-owned logistics company recorded a second-quarter profit of $7m compared with a $32m loss during the same period in 2014, while revenues decreased by ...
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How did Europe's busiest air cargo carriers perform in the second quarter?
The second-quarter results are in and at first glance two out of Europe’s three largest listed cargo carriers appeared to have performed well at a revenue level.Both Lufthansa Cargo and IAG Cargo recorded year-on-year growth in revenues, of 6.2% and 8.8% respectively, however this was heavily influenced by exchange rates, ...
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Marken chooses OnAsset for pharma tracking
Marken, the clinical logistics specialist, has entered into an exclusive agreement to use OnAsset Intelligence’s GPS tracking device on key shipments.OnAsset said that the device would “significantly improve” Marken’s real-time, track and trace capability via custom-designed software.The pharma and life sciences supply chain company will use the OnAsset device to ...
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Half year declines for Europe's top three cargo hubs
Europe’s top three cargo hubs – Frankfurt, Paris and Amsterdam - all registered tonnage volume declines in the first six months of 2015.Data collated from the airports or government statistical offices show that Frankfurt – the top European air cargo hub in 2014 with 2.16m tonnes, saw a 2.1% decline ...
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UPDATE: DHL airfreight volumes decline as it turns away business to protect margins
Freight forwarder DHL Global Forwarding's decision to turn away airfreight business to protect profits in the first half of this year resulted in a decline in volumes.The Bonn-headquartered forwarder recorded a 7.2% year-on-year decline in airfreight exports during the second quarter to 530,000 tonnes, while the half-year result was down ...
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Air cargo on the up at Brussels Airport
Brussels Airport continued to report double-digit air cargo growth in July as the European hub recorded an 18% jump in volumes compared with the same month a year ago.The Belgian airport continued to outpace its rivals as air cargo throughput increased to 43,539 tons in July compared with 36,883 tons ...
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Oman Air and Cargolux add second service to Indian air cargo partnership
Oman Air and Cargolux have added an extra frequency to their freighter partnership between Oman and India, and say they plan to add further destinations to the tie-up in the future.The two airlines announced this morning that they would today add a second weekly flight between Chennai and Muscat.Cargolux said ...
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Decrease in airfreight forwarder optimism
Danske Bank Markets’ European Freight Forwarding Index indicates a minor decrease in June's market sentiment among freight forwarders for future air cargo volumes compared with two months ago.Expectations for airfreight came in at 47 points for July and 46 points for August thus suggesting lower volumes in two months.The overall ...