Latest news – Page 536
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News
Swiss WorldCargo takes off for new Winter destinations
Swiss WorldCargo, the airfreight division of Zurich-based Swiss International Air Lines, has launched flights to new destinations in Asia, South America and Africa for the Winter season.The carrier will begin twice-weekly services to Colombo, Sri Lanka on November 3 and will start flying to Ho Chi Minh City/Saigon at the ...
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Frankfurt cargo volumes decline despite surge in airmail
Although airmail tonnage grew strongly at Frankfurt for the first nine months of 2018, cargo fell 0.8% compared to the same period last year.This is marginally more than reported for the first half when cargo volume fell 0.4% and was attributed to "temporary capacity bottlenecks" in cargo handling, a decline ...
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Record tonnage for Heathrow
Five new services to China helped London Heathrow Airport achieve a record high of 1.3m tonnes, up 1.5%, in the nine months to September 30.Overall, revenues climbed 2.3% to £2.2bn “on the back of higher demand to fly and strong retail spend”, according to the airport.It says progress continues on ...
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Air Charter Service works on Indonesia relief efforts
Air Charter Service’s global offices have been sourcing aircraft to carry relief goods to Indonesia since the earthquake and tsunami struck on September 28.“We have been flying in different types of much needed aid, such as shelter kits and water purifying tablets on a variety of aircraft types, including Antonov ...
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Panalpina increases profitability in a ‘very volatile environment’
Panalpina’s airfreight volumes increased 4% in the first nine months of 2018, in line with estimated market growth of 4%. Compared to the same period of last year, gross profit per ton increased 12% to CHF705, resulting in a gross profit of CHF530m compared with CHF456m.EBIT in airfreight increased from ...
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CEVA stakeholder CMA CGM to provide "exit option" to other shareholders
CEVA Logistics is to broaden the partnership with CMA CGM, its major shareholder and strategic partner.As part of this initiative, CEVA Logistics will acquire the freight management business of CMA CGM.The Board of CEVA Logistics has also agreed that CMA CGM can offer to buy shares in CEVA Logistics from ...
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Fourth B747 freighter for CargoLogicAir
CargoLogicAir (CLA) has taken delivery of its fourth Boeing 747 freighter, which will initially be used to meet customer demand on its US routes.The latest B747-400ERF joins the UK’s only maindeck cargo airline fleet on an operating lease and keeps CLA on track with its five-year growth strategy, which is ...
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Capacity outstrips demand for Asia Pacific airlines in September
Asia Pacific airlines saw demand for international air cargo grow in September compared to the same month last year, but the freight load factor declined.Preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that international air cargo demand in freight tonne kilometres (FTK) grew by 4.4% ...
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UPS expands investment in India
UPS has taken full ownership of its express service joint venture in India. It previously held a majority stake in the unit which exclusively serves UPS's international express small package shipping business in the country.UPS says the move to obtain full ownership, along with planned network upgrades, demonstrates the company's ...
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Emirates SkyCargo seeks to boost Vietnam trade
Emirates SkyCargo has signed an agreement with the Investment and Tourism Promotion Centre of Ho Chi Minh City to jointly explore opportunities to promote trade to and from Vietnam.The Dubai-based carrier started operations in Hanoi in 2008 and over the last decade has scaled up the number of freighter and ...
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IATA warns of ‘no deal Brexit’ chaos
The International Air Transport Association (IATA) has called for urgent action by the UK and the European Union to put in place contingency planning for the continuation of air services in the event of a ‘no-deal Brexit’, and to move much faster to bring certainty to three critical air transport ...
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Etihad Airways and Saudia include cargo in new co-operation
Saudi Arabian Airlines (Saudia) and Etihad Airways have agreed a new codeshare partnership and announced plans for greater commercial co-operation in other fields, including cargo.The agreement between the Kingdom of Saudi Arabia’s national flag carrier and Etihad, the national airline of the United Arab Emirates, also includes closer co-operation on ...
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‘Outstanding’ quarter for UPS supply chain and freight business
UPS chairman and chief executive David Abney has praised the company’s supply chain and freight performance in Q3 2018, saying it was “outstanding this quarter, as the unit delivered double-digit growth in both revenue and adjusted operating profit”.He added that “UPS will continue to leverage our vast forwarding, customs, and ...
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New forwarder network launched
New Generation Logistics Network (NGLN) has been launched to help small to medium-sized forwarder members compete with the large global logistics companies.“The world of supply chains has undoubtedly become increasingly complex, compounded by the rise of e-commerce, new technologies, regulatory and customer demands, along with unparalleled risk,” said Mark Boggis, ...
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Changi airfreight volumes remain stable for September
Airfreight throughput at Singapore Changi Airport remained stable in September at 185,000 tonnes, up just 0. 6% on the same month last year.The throughput brought the total for the nine months to 1.59 million tonnes, a rise of 2.3% year-on-year. The airport says growth was registered for all cargo flows ...
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K+N achieves new food safety standard for Heathrow perishables centre
Kuehne+Nagel (K+N) has achieved the revised food safety management standard [ISO 22000:2018] at its Heathrow Perishables Handling Centre (PHC).At 28,500 sq ft, the PHC is Heathrow’s largest on-airport chilled facility with 10 dock level doors and three ULD doors.Richard Werran, group director, food EMEA, with business standards company BSI, said: ...
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DSV pulls out of CEVA bid process after revised offer is rejected
DSV will not seek to acquire CEVA Logistics after the Danish supply chain giant's "revised private proposal" was rejected.The second offer of CHF30 a share by DSV would have provided CEVA shareholders with a premium of 60.4% to CEVA’s share price of CHF 18.70 as of 1 October 2018.DSV's first ...
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Low cost carrier Jetstar Asia increases cargo volumes
Jetstar Asia is predicting it will carry more than 15,000 tons of cargo this year, a 25% increase on last year’s total.Operating with a fleet of A320s, the low cost carrier serves 30 destinations in southeast and north Asia as well as Darwin in Australia from its hub in Singapore.Jetstar ...
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Schiphol's van Pelt moving on to the next step in her career
Saskia van Pelt is leaving Amsterdam's Schiphol Airport after ten years working as the Dutch hub's director of business development cargo.Van Pelt has decided to move forward and take a next step in her professional career.Having experienced many changes and developments in the air cargo industry, van Pelt has indicated ...
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IBA’s new aviation platform for investors and lessors is on-line
Aviation consultancy IBA Group has launched an online platform, IBA iQ Trends, for investors, lessors, airlines and Original Equipment Manufacturers (OEMs).Unlike other static aviation and airline data sets, IBA iQ Trends combines key economic data and world events in real time, with historical, current and future values and lease rates ...