Latest news – Page 307
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NewsCainiao opens Liege Airport warehouse
Source: CainiaoCainiao Network, the logistics arm of Alibaba Group, has opened a new warehouse at Liege Airport to meet e-commerce demand.The 30,000 sq m warehouse is divided into two parts: a 12,000 sq m air cargo station for the rapid transit of goods for both export and import between the ...
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NewsCargo market expected to remain tight despite increased passenger demand
Carsten Sphor. Source: Lufthansa GroupThe resumption of passenger operations has been in the headlines this week as the US eases its travel restrictions, but this is not expected to result in a sudden weakening of the cargo market.Lufthansa Group chief executive Carsten Spohr for one is expecting the cargo market ...
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IAG Cargo adds capacity to the US as travel restrictions ease
IAG Cargo will expand cargo capacity to the US as restrictions on travellers entering the country are eased.The US today re-opened its borders to fully vaccinated travellers from 33 countries if they have a negative Covid test in the 72 hours before travelling.Travellers will not need to quarantine on entering ...
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Booking portal cargo.one launches data insight platform
Airfreight booking platform cargo.one has released a new data product that aims to help airlines tailor their digital offering to meet customer demand.The new cargo.one 360 data and analytics product - which is free to use for the platform's airline partners - provides a range of metrics and key performance ...
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Airfreight rates expected to continue to rise
Airfreight rates are expected to continue to rise from already elevated levels despite efforts to ease ocean freight supply chain issues.In the latest Baltic Exchange market update, investment bank Stifel senior analyst Bruce Chan said that efforts to clear US ocean freight backlogs by extending the opening hours of certain ...
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Turkish Cargo boost airline's performance in Q3
Turkish Cargo saw its revenues increase by 45% in the third quarter of the year, helping the overall airline beat pre-pandemic performance.The cargo business reported cargo revenues of $969m for the period, compared with $668m last year.The increase mostly came from a recovery in its passenger flying which saw cargo ...
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NewsIAG Cargo sees demand return to 2019 levels
IAG Cargo saw cargo revenues increase and volumes exceed 2019 levels in the third quarter of the year.Total cargo revenues for the third quarter stood at €405m, an increase of 34.1% compared with a year ago. Meanwhile, sold cargo tonnes reached 134,000 compared with 94,000 in 2020.The cargo business said ...
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SkyUp Airlines selects Skyport for Prague handling
Ukrainian carrier SkyUp Airlines has selected Skyport to handle import and export cargo at Prague Airport.The contract follows SkyUp Airlines' launch of a new service between Boryspil International Airport, Ukraine, and Prague Vaclav Havel Airport, Czech Republic.Skyport chief executive David Adámek said: "The Ukraine market has been traditionally very strong ...
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NewsSaudia's Zebitz appointed SkyTeam Cargo chairperson
Teddy Zebitz. Source: SkyTeam CargoAirline alliance SkyTeam Cargo has announced that Teddy Zebitz, chief executive officer of Saudia Cargo, will be the new chairperson of its cargo executive board.Zebitz brings almost 40 years’ international industry experience to the position having held roles in China, Southeast Asia, the US and Europe.Prior ...
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NewsAirflo and Tiger Freight sign up to AFKLMP SAF programme
GertJan Roelands & Andrew Pattenden. Source: AFKLMPFreight forwarders Airflo and Tiger Freight are the latest companies to sign up to Air France KLM Martinair Cargo's (AFKLMP) Sustainable Aviation Fuel (SAF) programme.The partnership will make it possible to use SAF on AFKLMP Cargo flights from Kenya and Zimbabwe carrying Airflo’s and ...
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K+N scoops UK's International Express Freight Service for urgent medical shipments
Kuehne+Nagel (K+N) has been awarded a contract to run the UK's International Express Freight Service (IEFS) for urgent medical shipments on behalf of the Department of Health and Social Care.The service has been launched to deliver products to the UK rapidly when a supplier’s own logistical arrangements are disrupted, to ...
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NewsBahrain’s MENA launches cargo airline
Source: MENA CargoBahraini aviation services group MENA Aerospace is launching a cargo airline to tap into what it says is a burgeoning air freight market for e-commerce between Asia and the Middle East and Africa.The company has transferred its existing air operator’s certificate for a private jet management and charter ...
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AirBridgeCargo to offer booking through CargoAi
AirBridgeCargo has continued with the rollout of its capacity on digital booking platforms through a new partnership with CargoAi.The all-cargo carrier said that it would make its " entire worldwide capacity offer available" on the platform.The move will allow forwarders to view prices and make bookings online to the more ...
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NewsFeeport connects with Dutch Customs on e-commerce clearance
Haiti Arendi. Source: FeeportTech firm Feeport's software platform for the bulk clearance of goods has been connected to Dutch Customs' new declaration system for the import of e-commerce.Feeports' x7trade platform will allow the automated declaration of bulk low-value (value below €150) e-commerce goods imported into or via the Netherlands from ...
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ATSG invests in more B767 conversions as Q3 profits increase
Freighter lessor and operator ATSG has ordered the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF) as profits continued to rise in the third quarter.During the third quarter, the company reported a revenue increase of 15.3% year on year to $465.9m, adjusted ebitda increased 21.9% against last year ...
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CargoLogicAir returns to profit and targets China service
UK-based freighter operator CargoLogicAir returned to profit last year and hopes to add a service to China in the future.During 2020, the company reported profits of $45.4m, compared with a loss of $39.7m in 2019, as prices for all-cargo flights increased due to the Covid-19 pandemic.Revenues for last year stood ...
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NewsProfits continue to surge at DHL Global Forwarding
DHL Global Forwarding and Freight saw third-quarter earnings before interest and tax (ebit) more than double on last year while airfreight demand continued to surge.The Deutsche Post-owned forwarder saw third-quarter revenues increase by 53.3% year on year to €5.7bn and ebit was up 140% to €372m.Meanwhile, airfreight volumes in the ...
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NewsRates surge in October despite 'lower than expected' load factors
Source: CLIVE Data ServicesAir cargo rates surged in October due to shipper fears of a lack of peak season inventory, according to CLIVE Data Services.Figures from CLIVE Data Services show that average rates in October were up by 155% compared with 2019, 37% compared with last year and 10% compared ...
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Supply chain issues continue to drive air cargo demand
Air cargo demand continued to increase in September as ongoing supply chain issues pushed companies to utilise airfreight.The latest figures from airline association IATA show that demand in cargo tonne km terms (CTK) increased by 9.1% in September compared with the same month in 2019.Capacity in available CTK for September ...
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Atlas Air quarterly revenues breach $1bn mark
Atlas Air Worldwide has seen its revenues breach the $1bn mark for the first time in the company's history.During the third quarter, the lessor saw its revenues increase by 25.5% year on year to just over $1bn, while adjusted ebitda climbed 42.9% on last year to $280.5m and net income ...