Latest news – Page 137
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News
Airfreight rates slide as 2023 draws to a close
The last few weeks of 2023 saw airfreight rates start to fall as demand eased after the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in December all-in rates paid by forwarders (contract and spot) from Hong Kong to North America increased to $7.10 per ...
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Cargo Airline Association names policy MD
The Cargo Airline Association (CAA) in the US has named Brianna Manzelli as managing director for legislative policy.Manzelli brings 10 years of experience working in US Congress and the Administration on key aviation initiatives.She joins the trade association from US senator Mitt Romney’s office, where she served as senior advisor ...
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Red Sea conflict sees air cargo demand rise
Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.The international transport and logistics company said that the "volatile" situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity."The increased ocean ...
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NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...
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NewsÖzen leaves top cargo role at Turkish Airlines
Turkish Airlines has appointed Ali Türk as chief cargo officer.He replaces Turhan Özen, who has served as the chief cargo officer since October 7, 2016.Türk was previously senior vice president of Turkish Cargo from July 2011 until Apr 2016.Most recently he was chief supply chain officer at telecommunication and technology ...
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News
Year ends with quarterly improvement in air cargo volumes
The fourth quarter of 2023 was the first to show a volume improvement on 2022 levels, according to end-of-year figures from WorldACD.Figures from the data provider show that air cargo volumes increased by 3% in the fourth quarter, compared with a 3% decline in the third quarter, a drop of ...
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Korean Air targets completion of Asiana acquisition in 2024
Korean Air said it expects to complete the acquisition of Asiana Airlines this year, as it acknowledged that the process had “taken much longer than expected”.In a message to employees on New Year’s Day, airline chief Walter Cho said he is “confident” the merger – first announced in November 2020 ...
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NewsEmirates SkyCargo looks ahead after volumes improve in 2023
Photo: Emirates SkyCargoEmirates SkyCargo saw its airfreight volumes grow in 2023 - despite the weak market conditions - and has plans to continue investing in its fleet and services next year.The carrier said its cargo volumes increased by 7% year on year to 1.18m tonnes between January and mid-December in ...
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NewsEAC examines the evolving role of air cargo
Source: EACThe recent European Aviation Conference, which took place at the Luxembourg Centre for Supply Chain Management (LCL) at the University of Luxembourg, brought together policymakers, academia and industry for a deep discussion on the evolving role of air cargo, as well as its trends, challenges and opportunities in a ...
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NewsThe sky's the limit for DHL when it comes to unusual shipments
DHL has provided an overview of three of the more unusual shipments it carried on its aircraft in 2023, ranging from manatees to bobsleds.The best side of humanityIn October, the parcels and logistics giant flew three manatees - Soleil, Calliope and Piccolina - more than 1,000 miles from Cincinnati in ...
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NewsTower Cold Chain partners with TWS to expand in China
Niall Balfour (L), Tower, and Henry Ang, TWS. Source: Tower Cold ChainTemperature-controlled container firm Tower Cold Chain has partnered with Shanghai-based sales agent Tower & Winner Solutions (TWS) to expand its presence in China.Tower products are already available from its existing hub in Shanghai but TWS has been tasked with ...
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NewsK+N provides IDA Foundation with a Dubai healthcare hub
Source: K+NKuehne+Nagel (K+N) will operate social enterprise IDA Foundation’s healthcare hub for the Middle East and Africa region, located in Dubai.The new IDA Foundation hub is located at the K+N facility at Dubai South and will serve as a centralised kitting and global health logistics centre for the region and ...
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NewsDHL and JAL team up on 767-300F operations
(From left) Tony Khan, president and representative director of DHL Japan and Yuichiro Kito, executive officer - Cargo & Mail of Japan Airlines. Photo: Japan AirlinesDHL Express and Japan Airlines (JAL) have signed a long-term contract to utilise JAL'S Boeing 767-300 freighters.The companies said in a press release that they ...
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News
ECJ blocks UPS' claim for TNT deal damages
Europe's top court has rejected UPS' claims for damages of more than €1.7bn related to its failed takeover of TNT in 2013.The European Court of Justice this week rejected UPS' claim against the European Commission (EC) for compensation for the "economic losses allegedly suffered due to the unlawfulness" of the ...
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NewsTAAG Angola Airlines adds 737-800F to fleet
737-800 at New Luanda International Airport. Photo: Angola AirlinesTAAG Angola Airlines has added a leased Boeing 737-800 freighter to its fleet.On December 19, the 24-ton capacity aircraft undertook its first flight, a charter service, on a Luanda, Angola-Lagos, Nigeria-Luanda route.This was also the first cargo flight carried out from Dr. ...
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NewsGebrüder Weiss expands in Australia
Michael Zankel, regional manager East Asia/Oceania at Gebrüder Weiss. Source: Gebrüder Weiss/ SerraInternational logistics company Gebrüder Weiss is expanding its network in Australia with the opening of a new Air & Sea office in Brisbane.This is now the third location operated by the international logistics company in Australia, following on ...
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News
FedEx reorganises air network
FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to cut costs.The company this week revealed that it would divide its air network into three sections; purple orange and white.The purple network will deliver high-priority, high-margin volumes through FedEx-owned aircraft ...
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Qantas adds second EFW-converted A330P2F
Australian airline Qantas has taken delivery of its second A330-200P2F (passenger to freighter) aircraft from EFW.The aircraft was converted from Qantas' passenger fleet, said the German conversion company in a LinkedIn post on December 20,"The A330-200P2F is going to serve Qantas Freight’s international network and can be operated for air ...
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NewsWorld Courier targets pharma demand with new US facilities
Logistics firm World Courier will open three new stations in North America to support growing pharma volumes.The Cencora-owned company will add facilities in Denver, Indianapolis and San Diego to expand its capacity to store, handle and transport pharma products, including those that require cryogenic storage.The facility in Indianapolis will be ...
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NewsNew CEO for EV Cargo Global Forwarding and Technology divisions
Source: EV Cargo. Copyright: Jon Thorne Wedding PhotographyPaul Coutts has been appointed as chief executive of Hong Kong-headquartered EV Cargo Global Forwarding & Technology.In his new role, which starts on January 1, Coutts has been given the task of driving the growth, development and integration of the firm's forwarding and ...