Latest news – Page 348
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News
Qatar Cargo offers discounts to local manufacturers
Qatar Airways Cargo will offer offer discounted rates to local Qatari manufacturers that are clients of Qatar Development Bank (QDB).The special discount is available to more than 350 Qatari exporters – QDB clients – that wish to export their locally made products on Qatar Airways Cargo flights.The two partners said ...
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NewsDHL opens new Malpensa hub as it looks to expand in Italy
New DHL Milan Malpensa facilityDHL Express has opened a new €110m logistics hub at Malpensa Airport as part of an ongoing investment in Italy.The express giant said that from its new hub it would be able to operate more than 30 flights per day and handle nearly 38,000 pieces per ...
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A record month for cargo at Frankfurt Airport
Frankfurt Airport achieved its highest cargo volumes ever recorded in the month of February, as the timing of Chinese New Year helped to boost demand for airfreight shipments.The hub posted a 21.7% year-on-year growth in cargo volumes to 180,725 tonnes in February 2021. By contrast, in February 2020, it experienced ...
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NewsHeathrow perishables firm 'crippled' by new emission rules
PML managing director Mike ParrHeathrow airport-based logistics firm Perishable Movements Ltd (PML) has hit out at new emissions rules saying they are crippling its business.PML managing director Mike Parr has written to the Mayor of London, Sadiq Khan, to outline how the extension of the city's Low Emissions Zone to ...
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NewsIcelandair to add B767 freighters through Titan deal
Icelandair is selling two B767-300ER aircraft to Titan Aircraft Investments (TAI) that will be converted into freighters and leased back to the airline.TAI, which is a joint venture between Atlas Air-owned Titan Aviation Holdings (TAH) and Bain Capital Credit, said that following conversion, the aircraft would be placed on long-term ...
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NewsPortal cargo.one adds new VP as it targets growth in the Americas
Chad TiborCargo.one has appointed Chad Tibor as its vice president and general manager for the Americas.The air cargo booking portal said Tibor, who joins from travel technology company Sabre, would shape its airline growth strategy with a focus on the American continents."My mission as the leader of the Americas airline ...
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NewsCargoAi adds advisory board
From left to right: Markus Flacke, Liana Coyne, Cyril Dumon and Ricardo PilonAir cargo booking portal CargoAi is adding a board of advisors to help steer the future of the company.The board will initially be formed of four members, but others are expected to join in the future.The current members ...
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NewsAir cargo and e-commerce help DP DHL to record earnings
Air cargo and e-commerce were two of the star performers at Deutsche Post (DP) DHL last year as operating profits reached record levels.The German parcels and logistics giant last year saw revenues increase by 5.5% year on year to €66.8bn, earnings before interest and tax (ebit) were up 17.4% to ...
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News
Positive cargo revenues for Cathay as group makes an overall loss
Hong Kong-based Cathay Pacific Group has highlighted the performance of its cargo division in its full-year 2020 financial results, as its overall performance was hit by the effects of the pandemic.The group posted an operating loss of HK$18.1bn last year; in 2019, it achieved profits of HK$3.4bn. Group revenues declined ...
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News
Amazon takes stake in ATSG
Amazon Air has taken a $132m stake in lessor and cargo aircraft operator Air Transport Services Group (ATSG).Amazon is exercising warrants that it has held since 2016 and 2018 to acquire 13.5m shares in the cargo airline, paying $9.73 per share, ATSG says in a filing with the Securities and ...
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NewsK+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
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NewsAviation and logistics firms highlight International Women's Day initiatives
Yesterday, March 8, was International Women's Day and many companies marked the occasion with new initiatives put in place to facilitate diversity in the industry.Change Horizon and Meantime Communications started an initiative on International Women's Day to promote gender equality.The companies hope their Women in Aviation and Logistics Pledge will ...
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NewsFirst Choice Staff expands into cargo handling recruitment
Colin Blusch (left), Aviation Business Development Manager, with First Choice Staff Director, Chas Dowton.UK freight and logistics recruitment firm First Choice Staff is expanding its offering to airport services, cargo and ground handling companies following the appointment of Colin Blusch as aviation business development manager.Based at First Choice Staff’s head ...
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Lufthansa Cargo downplays impact of vaccine volumes
Lufthansa Cargo is not expecting Covid-19 vaccine volumes to have as much of an impact on the air cargo market as many had first thought.Speaking following the announcement of the cargo firm's 2020 financial results, chief executive Dorothea von Boxberg outlined findings from Accenture Strategy and Consulting, which estimate that ...
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NewsGround handler dnata marks preighter cargo milestone
Ground handler dnata has marked a cargo milestone at its Dubai International Airport (DBX) airport base.Since March last year at the onset of the pandemic, the company has operated 5,000 preighter flights (passenger aircraft with seats removed), transporting around 50,000 tonnes of cargo.In order to meet increased demand for capacity, ...
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Shippers urged to get creative to combat space shortages
Shippers have been urged to get creative as capacity shortages and high rates in air cargo and other modes are expected to continue.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that over the next few months capacity could ...
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FedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.The Memphis, Tennessee-headquartered company says on 3 March it is focusing on three areas to achieve this goal: vehicle electrification, sustainable fuel and carbon sequestration.“We ...
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NewsAntonov Airlines and Rhenus team up to transport rotor for repairs
Antonov Airlines recently transported a bladed rotor, which is typically used in power generation, from Ghana to India and back again.The task involved the carrier and Rhenus Project Logistics USA — both members of The Heavy Lift Group (THLG) — chartering one of Antonov Airlines' AN-124 aircraft to carry the ...
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Lufthansa Cargo expects a good 2021 and rates to ease in H2
The newly appointed chief executive of Lufthansa Cargo, Dorothea von Boxberg, is expecting another good year in 2021 but adds that rates are likely to cool in the second half.Lufthansa Cargo yesterday announced a record adjusted operating profit of €772m, more than double the previous record of €342m in 2010.The ...
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NewsAstral Aviation selects Sharjah Airport as Middle East hub
Kenya-headquartered freighter operator Astral Aviation has selected Sharjah Airport as its Middle East hub as it expands its operations in the region.The hub, chosen for its "strategic location" — as well as its facilities for general cargo, perishables and pharma handling — is the Astral's third. The carrier also has ...