All Europe Articles – Page 148
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FedEx and TNT deal on track but clearance could take a year
TNT Express has provided an update on its planned $4.8bn takeover by FedEx, stating that the two companies are making timely progress on preparations for the offer but reiterated that it could take a year to gain regulatory clearance.TNT said that FedEx expects to submit a request for review and ...
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Zurich cool chain expansion
Swiss WorldCargo’s ground handling partner, Cargologic, has expanded its cold storage facilities at Zurich Airport to provide more capacity for the storage of temperature-sensitive shipments.After receiving its Good Distribution Practice (GDP) certification from Swissmedic, Cargologic opened an expanded temperature-controlled storage facility at the airport earlier this month (April).The new facility ...
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Cargolux reports 2014 profit decline
Cargolux recorded a decline in profits in 2014, despite an improvement in revenues, as impairment charges and antitrust actions took their toll on Europe’s biggest all-cargo airline.The Luxembourg-based company saw net profits slip to $3m in 2014 from $8.4m a year earlier, while revenues increased to $2.1bn last year from ...
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IAG Cargo Q1 revenues down, but load factors up
IAG Cargo reported a 2015 first-quarter decline in revenues of just over one per cent on the back of a capacity reduction programme and a resultant volume decrease.During the first three months of the year, the British Airways and Iberia cargo division saw revenues decline by 1.6 per cent on ...
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Heathrow not structured to cope with future airfreight growth
A cargo specialist at London-Heathrow has admitted that the airport is not structured to cope with future airfreight growth, writes Martin Roebuck.Nick Platts, Heathrow’s Head of Ground Handling, told an airfreight seminar at the Multimodal Exhibition in Birmingham: “Our capacity shortage won’t change in a two-runway world. We don’t have ...
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Lufthansa delays the construction of new Frankfurt cargo centre
Lufthansa has delayed its planned investment in a new cargo centre at Frankfurt airport for at least two years as the group scrutinises its investment plan.At this week's Lufthansa Group general meeting the supervisory board of the Deutsche Lufthansa was informed of the decision to delay construction of the LCCneo ...
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Volga-Dnepr validates first seven airports for ACC3 compliance
Volga-Dnepr Airlines has validated the first seven airports in compliance with the European Union's ACC3 (air cargo or mail carrier operating into the European Union from a third-country airport) regime.The Russia-based carrier organised for an independent auditor trained by IATA and accredited by the EU to confirm the ACC3 validation ...
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XPO launches Norbert Dentressangle takeover bid
Fast-growing XPO Logistics has launched a €3.2bn takeover one of Europe’s largest logistics firms, Norbert Dentressangle, that will push the company into the top ten global logistics players.The two companies have entered into a definitive agreement that will see XPO acquire the majority of shares in Lyon-based Norbert Dentressangle through ...
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ACS sees 2014 cargo recovery as revenues surge
Air Charter Service (ACS) reports an “extremely successful 2014” for all three of its divisions.Chris Leach, chairman of the UK-headquartered broker, observed: “The figures across the board are extremely pleasing. Every department – private jets, commercial airliners, group travel and cargo – grew in terms of revenue and number of ...
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American Airlines is Cargo Airline of the Year 2015
American Airlines is the 2015 Cargo Airline of the Year.The presentation was made to Jim Butler, president, American Airlines Cargo, at a sparkling Air Cargo News gala event in London. Butler was presented with the award by Mark Whitehead, chief executive of Hong Kong Air Cargo Terminals Ltd (Hactl), the ...
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Delhi and Schiphol sign MoU to promote cargo trade lane
Delhi Airport and Amsterdam’s Schiphol airport have signed a memorandum of understanding to collaborate on and promote cargo business between the two hubs.The agreement’s scope includes business promotion, product development, knowledge sharing, training, performance benchmarking and regulatory agency cooperation.Schiphol handled a record 1.6m tonnes of cargo in 2014, up 6.7 ...
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AN-124 paint job to save $100,000 in fuel per year
A fresh lick of paint for an An-124-100 will give Volga-Dnepr Airlines an expected fuel saving of over $100,000 a year.The freighter will be painted using a leading durable coating technology to increase the aircraft’s aerodynamic qualities.Vladimir Drebnev, senior engineer, continuing airworthiness at Russian-based Volga-Dnepr, stated: “The base coat/clear coat ...
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Airnautic opens Nantes office
French general sales agent Airnautic has opened an office at Nantes airport, located in western France.Airnautic's new French office will join three others, located in Mulhouse, Lyon and Paris.It will be led by Elodie Ligot, whose role will be "to extend the GSA local presence, including the sales of premium ...
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Schiphol tonnages impacted by slowing Chinese output
A decline in airfreight between Asia and Europe saw Schiphol airport’s cargo volumes fall 1.8 per cent in the first three months of 2015 over like quarter 2014 to nearly 386,800 tonnes.It was the Amsterdam hub’s first quarterly fall in cargo volumes for almost two years.The Dutch airport’s senior VP ...
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Time critical for Dentressangle
Norbert Dentressangle has launched a complete range of time critical services for urgent and specialist deliveries.The air and sea division of the French logistics operator has recruited time critical expert Stacy Rouillon, along with a team of specialists, to deliver and develop the tailor-made product.These currently include secure critical services, ...
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Swiss WorldCargo to test drone technology
Swiss WorldCargo, Swiss Post and Matternet are teaming up to test the deployment of drones, including their potential use for internal logistics and the last mile delivery of small packages.The air cargo division of Swiss International Air Lines, the Swiss postal group and the US-based manufacturer of drone technology will ...
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FedEx-TNT deal to create third force in express
FedEx’s planned takeover of rival carrier TNT would create a third force in the express market – and unlike UPS’ attempted takeover 2½ years ago, it would succeed, the leaders of the two companies predicted at a press conference this morning.The acquisition would bring TNT’s “exceptional” road platform into the ...
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Panalpina airfreight volumes hit by lower automotive
Panalpina’s airfreight volumes grew one per cent in the 2015 first quarter to 205,000 tons - against an estimated market growth of three to four per cent - due mainly to lower throughputs in the automotive sector. Despite the airfreight result, the Switzerland-based global logistics player saw group consolidated profit ...
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Freight bounce for Air Partner
UK-based aviation charter specialist Air Partner saw full year group revenues fall 9.2 per cent to £192.1m and underlying profit before tax down from £4.1m to £2.6m for the twelve months ended January 2015.However, investment in the freight division “has started to show returns with excellent improvements in sales and ...
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Eric Born lands top job at Swissport International
Eric Born will be the new group president and chief executive at ground handler Swissport International (SPI), taking up his role from August 2015.The Swiss national joins from Wincanton, a UK stock exchange-listed logistics company, where he was chief executive for five years from 2010. From 2004 to 2009, Born ...