Latest news – Page 386
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NewsCLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services' and TAC Index's latest data has shown."Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019," the analysts said.By comparison, there was a ...
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News21 Air to offer capacity on A330 preighters
US-headquartered 21 Air has entered into an agreement with Aircraft Engine Lease Finance (AELF) and Maleth Aero to begin charter operations with two A330-200 preigther aircraft.The ACMI, CMI and charter provider described the deal as a sub-service partnership agreement, explaining that it would act as the marketing representative for the ...
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Airfreight rates on the up in August
Air cargo rates on some of the world’s busiest routes began to pick up again in August while the outlook remains uncertain.The latest figures from Tac Index show that prices on services from Hong Kong to both North America and Europe increased in August compared with both a month earlier ...
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NewsEmirates Skycargo partners with Alha in Italy
Emirates SkyCargo has partnered with Alha CoolBox to facilitate pharma and temperature-controlled shipments between its flagship hub in Dubai and Rome FCO Airport.The deal follows Emirates restarting passenger flights - which include bellyhold cargo capacity - to Rome in July.The carrier said that it is using Alha CoolBoxes in Rome ...
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NewsDigital forwarder Beacon sheds light on its finance USP
Fraser Robinson, BeaconIn June this year, UK-based digital freight forwarder Beacon made logistics headlines when it secured $15m in its Series A fundraising round, from investors including, and most notably, Jeff Bezos, the founder and chief executive of Amazon.Beacon’s other high-profile investors included Uber founders Travis Kalanick and Garrett Camp, ...
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YTO confirms Alibaba share purchase
Chinese e-commerce giant Alibaba Group Holding has upped its stake in delivery firm YTO Express.YTO yesterday confirmed that Alibaba had purchased an additional 12% of its shares for Yuan6.6bn, bringing its stake in the company to 22.5%.News that Alibaba could be looking to up its presence in YTO broke last ...
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ICAO and UPU urge governments to support air cargo
The International Civil Aviation Organization (ICAO) and the Universal Postal Union (UPU) have urged governments to support the air cargo industry in order to combat the Covid-19 pandemic and aid economic recovery.The two organsiations issued a joint statement to United Nations members urging them to support postal operators, air cargo ...
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The impact of weather on air cargo operations
When it comes to the impact of lightning, hail, snow, or even high winds, airfreight companies must adjust and adapt quickly. This is exactly why weather intelligence is becoming even more important to the airfreight industry.The one thing air cargo airlines have in common is their daily fight against the ...
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Geodis launches cost-efficient US–Europe shipment service
Geodis has launched a service that enables intercontinental e-commerce deliveries at a low cost.The MyParcel service will enable small packages to shipped from the US to end consumers in 27 European countries within four to six days.MyParcel includes validation of delivery addresses and merchandise HS codes, a tax and customs ...
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Qatar Cargo moves into Menzies Aviation base at Heathrow
Qatar Airways Cargo has moved into its new base within Menzies Aviation’s facilities at London Heathrow Airport.The move is the result of a long-term agreement, announced in July, between the two companies that will see Menzies Aviation providing cargo handling, freighter aircraft handling and cargo transportation to and from Qatar ...
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Damco brand to be axed as part of re-organisation
Damco parent AP Moller Maersk has announced that it will integrate the forwarder into its own logistics business.The shipping giant said that as a result, the Damco brand will disappear from the market by the end of 2020.The move will see Damco's air and less than container load (LCL) offering ...
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CSafe Global expands in Taiwan
Temperature-controlled container manufacturer CSafe Global has opened a new hub in Taipei, Taiwan.The new 2,500 sq ft facility will serve Taiwan’s growing biotech and pharmaceutical sectors by enabling "consistent, easy access" to its CSafe RKN and RAP cold chain containers.Tom Weir, chief operating officer at CSafe Global, commented: “We’ve been ...
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Azul's domestic e-commerce operations push up revenues
Brazilian carrier Azul is celebrating 11 years of operations and has said that despite the coronavirus pandemic this year, it has seen growth in some areas of the business.In the first quarter of 2020, Azul Cargo Express's revenues were 36% higher than in the same period of 2019.The company said ...
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Envirotainer opens container station in Beijing
Pharma container firm Envirotainer is expanding its presence in China with the addition of a station in Beijing.The Beijing station will house Envirotainer's containers, the RKN e1 and RAP e2, and will enable the company to support the rapidly growing Chinese pharma export market.Envirotainer's Beijing station is the 35th to ...
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AEI to provide fourth B737-400SF conversion to KF Aerospace
Aeronautical Engineers, Inc. (AEI) has confirmed that it will provide Canada-based KF Aerospace with its fourth B737-400SF freighter conversion.Work on the aircraft will commence in December this year and will be carried out by KF Aerospace in Hamilton in Ontario, Canada.The conversion will be the first from AEI to take ...
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Air cargo traffic stabilises in July as capacity reductions push up utilisation
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA.Figures from the airline association show that demand in cargo tonne km terms fell by 13.5% year on year in July.IATA said this is ...
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NewsLufthansa Cargo adds B777F number eight
Lufthansa Cargo ALFH B777F Source: Lufthansa CargoLufthansa Cargo has expanded its B777 freighter fleet with the addition of its eighth aircraft of the type.The aircraft (D-ALFH) arrived in Frankfurt yesterday morning after nine hour flight from Everett Airport in Washington State.The delivery is the first of two ordered in November ...
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VIDEO: DSV Canada adds second drone delivery route
Freight forwarder DSV Canada has successfully launched its second cargo drone route with Drone Delivery Canada (DDC).The route will allow DSV to deliver various types of cargo, including healthcare related cargo, from a designated area — known as a DroneSpot — at DSV’s warehouse in Milton, Ontario to a "DropSpot" ...
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Cainiao adds new Singapore and Moscow freighter flights
Alibaba logistics arm Cainiao Network has launched new freighter flights to Moscow and Singapore.The e-commerce logistics specialist said that its flights from Hangzhou to Singapore would improve delivery efficiency to the city state ahead of the Double 11 shopping festival.The chartered flights will operate four times per week, but it ...
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Alibaba set to increase stake in YTO?
Chinese e-commerce logistics giant Alibaba is reportedly in talks to ramp up its shareholding in express delivery firm YTO.According to a Reuters report, Alibaba is looking to become the largest shareholder in YTO, boosting its holding from 10% with additional stake up to 30%.The news agency — quoting two unnamed ...