Latest news – Page 113
-
NewsUPS revenue drops 5% in Q1
Express services giant UPS recorded consolidated revenue of $21.7bn in the first three months of this year, a 5.3% fall on its performance in the first quarter of 2023.Consolidated operating profit was down further, by 36.5% year on year to $1.6bn (and down 31.5% on an adjusted basis).The company's Supply ...
-
NewsAvianca Cargo steps up sustainability
Photo: Avianca CargoColombia-headquartered freight carrier Avianca Cargo has stopped using conventional plastics in its pallet covers, instead turning to biodegradable plastics.The biodegradable plastic now being used is produced by BioNatur Plastics. It is manufactured with a 1% load of an organic, food-safe proprietary additive that allows anaerobic bacteria to digest ...
-
News
Finnair’s cargo revenue and yields fall in first quarter of this year
Finland’s flag-carrier Finnair has blamed lower cargo revenue and yields as among the reasons for declining overall revenue earned in the first quarter of this year.The airline made €46.3m in revenue in the first quarter of 2024 from cargo, down from €53.4m in the same period of 2023.Finnair’s revenue cargo ...
-
NewsK+N sees airfreight turnover and profits fall in first quarter
Both airfreight-related turnover and profit fell year on year in the first quarter of 2024 for Kuehne+Nagel (K+N), contributing to some disappointing results across the business.Across K+N, turnover was down by 18% over the first quarter of 2023, gross profit by 13%, and the figures for K+N’s Air Logistics segment ...
-
NewsMaersk has a new global head of airfreight forwarding
John Wetherell. Photo: MaerskMaersk has appointed John Wetherell as the global head of airfreight forwarding.This is a new role that creates a defined focus on leadership of Maersk’s airfreight forwarding business, said Maersk.Since taking up his new role on April 8, Wetherell's responsibilities have spanned commercial carrier management, procurement, strategic ...
-
NewsEFW and MRO Japan collaborate on freighter conversions
A321. Photo EFWGerman conversion firm Elbe Flugzeugwerke (EFW), Centre of Excellence for Airbus Passenger-to-Freighter (P2F) conversions and MRO Japan (MJP) have signed a memorandum of understanding (MoU) to collaborate in passenger-to-freighter (P2F) conversions.Under the MoU, MJP will act as a subcontractor for EFW in P2F conversions and provide third party ...
-
NewsWestJet Cargo looks to capitalise on additional Paris flights
© 2019 Chad Slattery. Source: WestJet CargoWestJet Cargo is hoping to capitalise on the addition of extra weekly bellyhold flights between Calgary and Paris CDG.WestJet has announced that it will increase the number of times it flies between Calgary and the French capital to five-times-per week in the winter and ...
-
News
Ukraine aims for transfer of stranded AN-124
Ukraine is planning to "confiscate" a Volga-Dnepr-owned AN-124 aircraft that has been grounded at Canada's Toronto Pearson Airport since the start of the war in the country.The move is part of a new package of Canadian sanctions against Russia following a visit to Canada by Ukraine's government to meet prime ...
-
NewsEmirates clears vast majority of Dubai cargo backlog as capacity returns
Emirates SkyCargo has cleared the vast majority of the cargo backlog created as a result of last week's flash floods, while the latest data shows capacity has returned to previous levels.In its latest customer update, the Dubai-hubbed cargo carrier said that as well as working its way through most of ...
-
NewsStricter air cargo monitoring "not a concern"
From left to right: Airforwarders Association executive director Brandon Fried; cargo.one chief executive Moritz Claussen; Turkish Cargo cargo vice president Americas Salih Kamil Salihoğlu; UPS vice president Susana Pereira; and Southwest Airlines managing director of strategy & business services Michelle Williams. Photo: IATAAir cargo stakeholders are not concerned about the ...
-
NewsCollaborate to get SAF investment right
LATAM Cargo chief executive Andres Bianchi. Photo: IATAAir cargo companies should collaborate on sustainable aviation fuel (SAF) strategies to support effective financial investments, according to LATAM Cargo’s chief executive.If the industry doesn’t collaborate then investments might not be made in the right SAF initiatives and developments, said Andres Bianchi at ...
-
NewsEuropa charters AN-124 for urgent hydraulic shipment
Kevin Perry of Europa. Photo: John RobertsonFreight forwarder Europa Air & Sea recently chartered an Antonov AN-124 for an urgent hydraulic pump unit shipment from the UK to UAE.The company said that the sheer size of the cargo meant it had to utilise the 120-tonne capacity aircraft and also needed ...
-
NewsIAI joins STK and Incheon for 777P2F facility construction launch
The test flight of the 777-300ER. Photo: IAIIsrael Aerospace Industries (IAI), Sharp Technics K (STK) and Incheon International Airport have laid the foundation for a Boeing 777 passenger-to-freighter conversion facility at Incheon Airport in the Republic of Korea.A ceremony on April 18 marked the laying of the cornerstone for the ...
-
NewsDHL expands emergency response programme to Europe
Source: DHL GroupDHL has expanded its GoHelp programme to Europe following a rise in the number of catastrophes hitting the continent in recent years.The new GoHelp Europe team is divided into two areas: disaster response (DRT) and disaster preparedness. The European DRT team is holding its first training session between ...
-
NewsEmirates SkyCargo warns of backlogs following Dubai flash floods
Emirates SkyCargo is warning customers to expect delays as it continues to battle backlogs following flash flooding earlier in the week.The UAE on Tuesday recorded its heaviest rainfall in 75 years as almost 26cm of rain fell, resulting in the temporary closure of Dubai International (DXB) and the cancellation of ...
-
News
Cathay's cargo volumes rise again in March
Cathay Pacific has reported increased air cargo demand in March following the Chinese New Year, while e-commerce and express demand helped boost volumes.The airline carried 134,551 tonnes of cargo in March, an increase of 10.5% compared with March 2023. The month’s cargo revenue tonne kilometres (RFTKs) increased 4.1% year on ...
-
News
Swissport adds forwarder handling services at Frankfurt
Swissport has continued to roll out its forwarder handling services, with JAS Worldwide utilising the product in Frankfurt.The handler has been offering forwarder handling at its facilities in Vienna and Graz for a number of years but is now looking to roll the service out globally.Frankfurt is the latest location ...
-
News
CMA CGM in talks with Balguerie over the sale of part of Bolloré Logistics
The CMA CGM Group has initiated the sale of 100% of Bolloré Logistics' activities in Guadeloupe, Martinique, Saint-Martin, French Guiana, and Polynesia, with Balguerie Group making an offer.This follows the completion of the Group's takeover of Bolloré Logistics from the Bolloré Group in February.The sale is in line with the ...
-
NewsTeleport teams up with Viejet on New Delhi – Ho Chi Minh City capacity
Nelson Wu, VietJet Air Cargo Managing Director, and Pete Chareonwongsak, CEO of Teleport at the signing partnership agreement. Photo: TeleportSoutheast Asia air logistics provider Teleport has signed a contract to manage the exclusive commercial rights of Vietjet Air Cargo’s New Delhi – Ho Chi Minh City belly cargo capacity to ...
-
NewsSAS selects WFS for Boston cargo handling
Source: WFSScandinavian Airlines (SAS) has selected Worldwide Flight Services (WFS) to provide cargo handling services at Boston Logan International Airport.The three-year agreement covers the airline's daily A350 flights between Boston and Copenhagen.WFS said it expects to handle more than 8,000 tonnes per year as part of the contract, including high ...