All IATA Articles – Page 18
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NewsIATA: Pressure appears to have eased on declining airfreight market
IATA's latest airfreight market analysis, which details figures for November 2019, noted that industry-wide freight tonne kms (FTKs) dipped by 1.1% year on year. This marked the 13th consecutive month of year-on-year decline in airfreight volumes.However, November's performance was also the best in eight months, because it showed the slowest ...
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NewsEtihad Cargo receives CEIV Fresh certification
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has been awarded IATA’s Centre of Excellence for Perishable Logistics (CEIV Fresh) by the airline trade association.It is the first Middle East airline to hold both IATA’s CEIV Fresh and CEIV Pharma certifications, and one of only two carriers around ...
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Powerful air cargo alliance takes aim at rogue lithium batteries
The International Air Transport Association (IATA), the Global Shippers Forum (GSF), the International Federation of Freight Forwarders Associations (FIATA) and the International Air Cargo Association (TIACA) are teaming up to increase their efforts to ensure the safe transport of lithium batteries.The partners will target three areas to reduce the incidents ...
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IATA: Air cargo set to return to growth in 2020
Airline association IATA has predicted that the cargo sector will return to growth next year, while airlines are also expected to improve their profitability.In its annual outlook, IATA said that freight volumes are expected to increase by 2% year on year in 2020 to reach 62.4m tonnes following on from ...
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NewsIATA: Volume decline continues, but expected to level off
International freight tonne km growthMarket demand remains weak, IATA reports in its September 2019 figures.Industry-wide, volumes declined by 4.5% in September year on year. This recent slide, which follows a 3.9% decrease in volumes in August, marks the eleventh consecutive month of decline in airfreight volumes. Africa is the only ...
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Céline Hourcade looks to the horizon
When Céline Hourcade announced in June that she was leaving IATA Cargo after 11 years at the forefront of airfreight innovation, there were two unanswered questions: why and what next?Hourcade, who originally joined IATA on the passenger side and was part of the successful e-ticketing team, acknowledges that it was ...
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NewsCargo bosses fear reputational risk from trade sanctions as US imposes $1.3bn in penalites for 2019
Around 80% of cargo businesses named reputational risk as driving their trade sanctions and export risk compliance programmes as the US authorities have already imposed a record $1.3bn in penalties this year.Accuity, the provider of financial crime screening and payments solutions, said that its survey made it clear that “the ...
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NewsFirst-ever Madrid Air Cargo Day deemed a success
At the first Madrid Air Cargo Day, organised by Foro Madrid Cargo in collaboration with Spanish airport operator Aena and IATA, more than 100 industry experts gathered to explore the theme: modernisation of the airfreight world - projects, challenges and trends.Keynote speakers included David Bellon, vice president of Air Cargo ...
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NewsPayCargo continues to grow as executive team changes revealed
PayCargo has announced the appointment of two new executives and a third change to its management line up as the business continues to grow.In July, the payment system appointed Lionel van der Walt as president and chief executive of its Americas business.“My focus at PayCargo is to further strengthen the ...
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NewsCaspian Air Cargo Summit: Industry must prepare for future growth
IATA head of cargo Glyn Hughes has called on the air cargo industry to "apply equal vigour" to all the "challenges and opportunities" currently faced by the industry.Speaking at the Caspain Air Cargo Summit in a global market outlook session, Hughes gave an overview of the tough market conditions that ...
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NewsAir cargo in longest slump since global financial crisis
Air cargo is now in its longest slump in demand since the global financial crisis in 2008.The latest figures from IATA show that demand in freight tonne km (FTK) terms declined by 3.9% year on year in August.IATA director general and chief executive said the figures were "deeply concerning".“The impact ...
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Jet fuel price spikes not as bad as feared
Spikes in the price of jet fuel following attacks on Saudi Arabian facilities earlier this month were not as bad as feared as crude oil was trading only fractionally higher by the end of last week.According to the weekly IATA-Platts Jet Fuel Price Index, the cost per gallon of aircraft ...
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Saudi oil attacks set to hit air cargo prices
It is "inevitable" that spikes in the price of oil as a result of attacks on Saudi Arabian facilities at the weekend will drive up the price of air cargo.The attacks, which took place on Saturday, took out around 5% of global oil supply.Brent Crude prices - a benchmark for ...
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NewsAirfreight demand down for the ninth consecutive month
The airfreight market reported its ninth consecutive year-on-year decline in a row in July, according to the latest monthly figures from IATA.The airline association said that freight tonne kms (FTKs) declined by 3.2% year on year in July as the China-US trade war continued to take its toll on the ...
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NewsTIACA selects Hourcade to join transformation team
The International Air Cargo Association (TIACA) has appointed Celine Hourcade as a project manager. From September, in her new role, Hourcade will support the Association's transformation programme.The first two priorities for Hourcade are to lead the development of TIACA’s sustainability programme and sustainability award, as well as the delivery of ...
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German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...
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NewsAir cargo down again in June as signs of a recovery were premature
Air cargo traffic has now declined year-on-year for eight months in a row and signs of a recovery in recent months have turned out to be premature.The latest figures from airline association IATA show that demand in terms of freight tonne kms (FTK) declined by 4.8% year on year in ...
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NewsMenzies Aviation signs up to ULD code of conduct
Menzies Aviation has become the latest signatory to IATA's ULD CARE’s Code of Conduct which aims to reduce damage to air cargo containers.Established in 2018, and derived from the IATA ULD Regulations, the ULD CARE Code of Conduct sets the standard for all ULD handling and operations, ensuring that the ...
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Forwarders sign up for IATA's new rate platform
DB Schenker, Agility Logistics and Hellmann Worldwide Logistics have signed up to IATA's new air cargo rates platform, IATA Net Rates.IATA Net Rates aims to digitise the process of airlines and GSAs distributing rate sheets to forwarders using Excel spreadsheets and email, which the airline group said is "labor-intensive and ...
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NewsAir cargo continues to face weak market conditions with 'hefty' declines in Asia
The latest figures from IATA have confirmed air cargo continued to face weak market conditions in May.Data from the airline association show that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4% in May compared with the same period in 2018.This was a slight improvement on the 5.6% contraction ...