Europe – Page 138
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Five join Frankfurt cargo club
Air Cargo Community Frankfurt, the association of companies, institutions and organisations promoting the German freight hub, has welcomed five new members.The arrival of Swissport Cargo Services Deutschland, Dachser, Thermotraffic, Sovereign Speed and my Logistics means that the number of members in the association is now 33.“We are delighted about the ...
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Tex Gunning to leave TNT CEO role if FedEx succeeds in takeover bid
TNT Express chief executive Tex Gunning will be replaced by David Binks if FedEx’s $4.8bn takeover, due to be launched on Monday, is successful.The two companies today announced that, on Monday, FedEx will make its recommended public cash offer for all the issued and outstanding ordinary shares of TNT Express.The ...
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The heat is on: Ruslan transports steam superheater to Saudi Arabia
A Ruslan International AN124-100 freighter has transported a 60 tonne steam superheater from Linz in Austria to Dammam, Saudi Arabia.The flight, arranged in partnership with Swiss forwarder Panalpina, involved a 450 km journey by road to Linz Airport.The road journey required several special permits, due to its width of 620 ...
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Chinese cargo airlines suffer from a different kind of problem to their European counterparts
ANALYSIS: The latest monthly airline data has revealed that while European airlines have been struggling to protect cargo load factors because of volume declines, Chinese airlines have faced the same issue but because of capacity additions.During July, of four major Chinese cargo carriers, three recorded demand increases on last year, ...
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Lithium powered ELT likely cause of Ethiopian Airlines 2013 Heathrow fire
A fire onboard a parked Ethiopian Airlines Boeing 787-8 in July 2013 at Heathrow was likely to have been caused by a lithium battery powered emergency locator transmitter (ELT), according to accident investigators.The UK’s Air Accidents Investigation Branch (AAIB) said ELT battery wires, crossed and trapped under the battery compartment ...
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Acquisition sees Air Partner expand into aviation safety consulting
Air Partner, the UK-based global aviation services group with a cargo charter division, has acquired aviation safety consultancy Baines Simmons for a total net cash consideration of up to £6m.It is the second acquisition this year by Air Partner following the takeover of Cabot Aviation in May.Baines Simmons, specialising in ...
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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, ...