Latest news – Page 493
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NewsPriority Freight appoints first group head of airfreight
Santiago Tejedo (left) and Gabriel Dopazo (right)Priority Freight has continued to target the air sector with the appointment of its first group head of airfreight, Santiago Tejedo.He "steps into the newly created role bringing a wealth of airfreight experience with him", the time-critical logistics firm said.Tejedo, who joined Priority Freight ...
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NewsThat's a rap: Cargojet signs up musician Drake as an ambassador
Ajay Virmani, front centre, and Drake, front rightIt's not often that the Air Cargo News team has a chance to demonstrate our urban credentials and 'get down wit' the kidz' so we couldn't believe our luck when we saw that Canadian rapper, singer, songwriter, actor, producer and entrepreneur Drake had ...
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NewsEmirates CCO resigns days after profit fall announced
Thierry AntinoriEmirates has confirmed that chief commercial officer Thierry Antinori has resigned from his position, where he managed commercial operations and products, Emirates Skycargo and Emirates Skywards.Adnan Kazim, divisional senior vice president, strategic planning, revenue optimisation and aeropolitical affairs, will take over as acting chief commercial officer.The news comes shortly ...
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Agility sees profits, revenues and airfreight increase
Kuwait-based logistics and infrastructure firm Agility saw revenues and profits increase during the first quarter of the year despite a slowing growth environment.First-quarter revenues at the company increased by 1.9% year on year to KD378.8m ($1.2bn), while ebitda was up 22.8% to KD46.3m and net profits imporved by 7.3% to ...
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Mama Mia here we flow[er] again for Mother's Day
LATAM Cargo transported more than 7,400 tons of fresh flowers from Latin America for International Mother's Day on May 12 .In the three weeks prior to Mother's Day the demand for flowers increased by close to 90%, marking the peak of the flower export season after Valentine's Day.LATAM Cargo carried ...
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US more than doubles Chinese tariff levels
The US has followed through on its threat to increase tariffs on $200bn worth of Chinese goods.Tariffs on Chinese products being imported into the US have been increased from 10% to 25% and China has threatened to retaliate.The types of products covered by the tariff increases includes: fresh food, processed ...
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Turkish Cargo's new Porto of call for freighter network
Turkish Cargo, the Air Cargo News Cargo Airline of the Year 2019, has included Porto (OPO) in Portugal to its freighter network.The carrier will operate A330-200F flights to/from Porto on Sundays with an Istanbul-Madrid–Porto-Istanbul rotation.A spokesperson for Turkish Cargo said that Portugal’s second largest city , with a population of ...
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NewsSouth America and Africa boost IAG Cargo in tough Q1
IAG Cargo managed to record an increase in airfreight traffic in the first quarter despite an overall market decline, although revenues for the period were down.IAG's cargo division saw cargo traffic increase by 2.6% year on year to 1.4bn cargo tonne kms, while revenues decreased by 0.4% on a year ...
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NewsSwissport's 'excellent' 2018 saw cargo revenues up by 6.5%
Swissport reported an “excellent year” in 2018 as the ground handler saw total group revenues surge by 6.7% to just under €3bn, with revenues in air cargo handling rising by 6.5% to €560m.The Switzerland-based company, whose parent is China’s HNA Group, recorded 2018 operating EBITDA of €273.2m, an increase of ...
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NewsDHL sees airfreight volumes slide but rates boost revenues
DHL Global Forwarding saw its airfreight volumes decline for the fifth quarter in a row in the first three months of the year, but profits at its air division increased as rates improved on a year ago.The Deutsche Post-owned freight forwarder reported a 4.2% decline in airfreight volumes during the ...
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NewsSea-air boost for Singapore after airport and boxport alliance
Signing the MoUSingapore's sea-air connectivity has received a further boost by the signing of a Memorandum of Understanding (MoU) between Changi airport ground handler SATS and deep sea container port operator PSA.A joint statement said that the agreement, facilitated by Enterprise Singapore, will provide cargo owners and logistics service providers ...
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NewsEmirates' annual cargo volumes edge ahead despite "significant headwinds"
Dubai aviation giant Emirates Group faced "significant headwinds" in global airfreight during the 2018-19 financial year which saw its airline record a 1.4% rise in airfreight volumes to just under 2.7m tonnes.The Middle East group's cargo handling arm dnata saw near static volumes in 2018-19, edging ahead just 0.3%, to ...
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Etihad Cargo adds Singapore to B777F schedule
Etihad Cargo has launched scheduled weekly Boeing 777 freighter flights from its Abu Dhabi hub to Singapore’s Changi International Airport.The flight will continue to Ho Chi Minh City, Vietnam, before returning to Abu Dhabi.A spokesperson for the Middle East carrier said that the new service meets customer demand for more ...
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NewsDubai's DWC is waiting in the wings
Dubai World Central DWCAircraft operations at Dubai International Airport (DXB) are a little quiet at the moment as one of Middle East mega-hub’s two runways is closed for resurfacing.Some airlines have scaled down their DXB flight schedule during the 45 day runway closure, others are operating fewer flights with larger ...
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ATSG boosted by Omni, Amazon and DHL
ATSG saw revenues increase by 71% in the first quarter of the year thanks its purchase of Omni Air while it expects a further boost from expanded contracts with Amazon and DHL.The aircraft lessor and operator saw first quarter revenues reach $348m, while earnings from continuing operations increased by $7m ...
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NewsAdidas turns to airfreight to mitigate supply chain shortages
Sportswear giant Adidas is turning to airfreight as it looks to mitigate supply chain shortages caused by an unexpected increase in demand for certain products.In its first-quarter results, the Germany-headquartered multinational said that revenue growth during the first three months of the year was affected by product shortages.It warned investors ...
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Northern UK airports can become the 'beating heart' of regional development
Northern UK airports can become the ‘beating heart’ of regional development to establish global connectivity for the Northern Powerhouse project as an investment alternative to London in a post-Brexit world.Business and civic leaders from the north of the UK will make this call for a UK government commitment during an ...
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NewsAir cargo returns to growth but continues to face headwinds
Airfreight returned to growth in March after three months of year-on-year declines.IATA statistics show that air cargo demand in freight tonne km terms increased by 0.1% in March.While this is an improvement on February’s 4.9% contraction, demand for the first quarter is 2% down on a year ago.Meanwhile, freight capacity ...
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NewsEtihad Cargo revamps loyalty programme
Etihad Cargo has revamped its customer loyalty programme and a rebranded cargo loyalty scheme named PayloadRewards.Launched in 2013, Etihad Cargo’s revamped PayloadRewards has more than 5,300 active members from 74 different countries.With PayloadRewards, members will continue to earn miles as before, with an additional opportunity to start earning bonus miles ...
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New date for Cargolux whale flight
Cargolux and the SeaLife Trust have set a new date for the transport of two beluga whales bewteen China and Finland after the initial April flight was cancelled due to bad weather.The two whales, Little Grey and Little White, will now embark on their epic journey from Shanghai to Keflavik, ...