Latest news – Page 475
-
News
IAG Cargo revenue decline consistent with market
In its 2019 half-year results, which were released today, IAG Cargo reported revenues of €281m from April 1 to June 30 – 3.2% lower than the same time period in 2018.Sold tonnes, yield for the quarter and CTK volumes were also down; 1.1%, 2.9% and 0.4% respectively. However, the company's ...
-
News
Air France-KLM notes ‘challenging’ H1 market conditions
The Air France-KLM Group’s cargo capacity and volumes rose during the first half of 2019, but market pressures brought revenues down.Cargo capacity was up by 2.1% and traffic by 0.9%, bringing the load factor down by 0.7 percentage points to 58.8%. Volumes, at 549,000 tons, were up by 0.7%.The group ...
-
News
JAL and Kalitta in freighter codeshare
On August 1, 2019, Ypsilanti-based Kalitta Air began operating three Boeing 747-400F flights per week between Tokyo-Narita and Chicago O’Hare under a codeshare agreement with Japan Airlines (JAL).In recent years, JAL has chartered freighter flights as necessary to satisfy seasonal demand, but the new deal with Kalitta Air enables it ...
-
News
Carousel wins AEO status
Carousel Logistics, which specialises in the transport of parts and products for high-performance industries across Europe, has obtained Authorised Economic Operator (AEO) status for two of its business units, enabling them to accelerate import and export procedures and facilitate just-in-time logistics solutions in the event of a ‘no-deal’ Brexit.AEO certification ...
-
News
AAWW ‘well positioned’ to face near-term headwinds
Second-quarter results at Atlas Air Worldwide Holdings (AAWW) took a hit from tariffs and trade tensions between the US and China, but the global provider of outsourced aircraft and aviation operating services remains confident of its long-term growth.Revenue for the three months ended June 30, 2019 stood at USD663.9mn, down ...
-
News
United and AeroUnion bring widebody TempControl to Mexico City
US-based airline United Cargo has entered into an interline agreement with Mexican all-cargo carrier AeroUnion that expands United’s widebody TempControl network to include Mexico City International Airport (MEX).TempControl is a specialised service for the transportation of pharmaceuticals, healthcare material and other commodities requiring temperature-sensitive transport.“We provide TempControl service in MEX ...
-
News
US-China trade war escalates as Trump adds more tariffs
In a new development in the trade war between the US and China, US President Donald Trump is adding a 10% tariff to $300bn worth of imported Chinese goods, with effect from September 1.Congestion at airports – and disruption to wider supply chains – could occur in the short term, ...
-
NewsSpeedy Freight UK opens branch in York
516377881UK-based Speedy Freight, a provider of urgent or sensitive transport, has opened a new premises in York in the North of England.“It’s a very cost-effective service for customers who need things doing fast,” explained Simon Chorlton, business owner of Speedy Freight’s Hull and Doncaster franchises. “Our system guarantees clients a ...
-
News
Air cargo suffers ‘onslaught’ in June, says WorldACD
Data from air cargo market analyst WorldACD shows a decline in global airfreight volumes of 8.9% in June, compared to the same month of 2018.The load factor dropped 3.3 percentage points and yield also fell, by 6.3%. As a result, WorldACD said airlines suffered a year-on-year fall in revenues of ...
-
NewsSilk Way West Airlines announces new APAC vice president
Copyright: Silk Way West AirlinesSilk Way West Airlines has appointed Jenny Zhao as its new vice president, Asia Pacific. Zhao will take over from Nurid Aliyev, who has stepped down for personal reasons.Zhao has more than 15 years of experience in the air cargo industry, having previously held senior management ...
-
News
Technology tops forwarders’ agenda, says IAG Cargo
IAG Cargo, the freight arm of UK-headquartered International Airlines Group, has carried out a survey of more than 400 freight forwarders in 47 countries, which reveals that more than half (55%) of respondents see increased automation and digitalisation as “key trends” this year.The report, Cargo Next, indicates that 70% of ...
-
News
Cathay Pacific pioneers ULD blockchain technology
Hong Kong-based Cathay Pacific is the first airline to introduce blockchain technology to manage its ULDs in real time via a mobile app and will ultimately eliminate paper receipts, following a successful trial last year.The first stage of the project began in July. It will initially focus on ULD transactions ...
-
NewsCathay introduces fire containment bags for lithium-ion battery shipments
Cathay Pacific Cargo has introduced a new fire containment bag that enables it to carry standalone shipments of lithium-ion batteries safely.Cargo products manager Alex Leung said: “These new fire containment bags have been thoroughly tested and meet our stringent safety requirements, and they have also been approved by the US ...
-
NewsConlin replaces Mao at Cathay Pacific Cargo
James Conlin (pictured) is taking over from Jeanette Mao as head of cargo global partnerships at Cathay Pacific.Conlin has worked for Cathay Pacific for five years, including stints as country manager for Bangladesh and then for South Korea.Mao is moving to a new post in the airline’s passenger business.
-
News
Silk Way Airlines USA picks GFS
Florida-based Global Feeder Services (GFS) is now acting as Silk Way Airlines USA’s exclusive general sales agent in the US, with effect from today (August 1, 2019).GFS president Arthur Ilyayev said: “With the appointment of GFS, our customers will have more options for shipments destined for the Middle East and ...
-
News
DSV Air & Sea sets up Pittsburgh branch
DSV Air & Sea has opened a new office in Pittsburgh, Pennsylvania – its 36th branch in the US.Located near the city’s international airport, it will offer air and sea freight services, customs clearance and DSV’s cargo insurance products.DSV now has more than 50 facilities across the US that offer ...
-
News
CH Robinson: overall solid performance masks modal differences
Third-party logistics provider CH Robinson achieved net revenue of USD695.2m during the second quarter of 2019, up 3.5% year-on-year, in what chief executive Bob Biesterfeld described as a "solid performance".However, a breakdown according to different business areas reveals a mixed picture. While the strength of CH Robinson’s North American trucking ...
-
News
CEVA steps into South Korean e-commerce market
CEVA Logistics has begun offering its first express e-commerce services in South Korea.CEVA will provide air export services on behalf of iHerb, moving goods from the US-based natural health product company’s recently opened logistics and distribution centre near Incheon International Airport to Japan and Singapore.“This is a milestone for CEVA ...
-
News
Forwarders move into finance
Freight forwarders are trading air cargo derivatives in an effort to offset the volatility of the spot market during the low season, according to Freight Investor Services (UK) – FIS.Since FIS launched the Air Freight Forward Agreement (AFFA) market in July, several leading forwarders have been using futures to hedge ...
-
News
SIA volumes fall amid global economic uncertainty
Following a disappointing performance in June, Singapore Airlines (SIA) saw its freight traffic decline during the first quarter of its 2019/20 financial year against a backdrop of weakening global demand.Cargo and mail carried during April–June amounted to 307,700 tonnes, down 3.3% on the same period of 2018. Traffic as measured ...