Latest news – Page 550
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News
Changi welcomes express carrier SF Airlines to Singapore
SF Airlines has begun weekly Boeing 767 Freighter flights from Shenzhen to Singapore’s Changi Airport – the first time a Chinese express carrier has operated services between the two countries.A statement from Changi Airport said that China is its largest air cargo market, accounting for more than 270,000 tonnes of ...
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K+N: Trade tensions taking hold
“After a strong gauge in July, the new data show a negative trend. The sharpest slowdown is expected for emerging markets, which are most exposed to any impact from rising trade tensions. In September, a major setback in exports is expected in South Korea, Japan, Taiwan, India, and Brazil.”So says ...
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Drewry: Rates on the rise in July
The latest East-West Airfreight Price Index from market intelligence provider Drewry indicates a year-on-year rise in the average airfreight rate for July, from $2.49/kg to $2.55/kg.The figure is calculated using a combination of the base rate, the fuel surcharge and the security surcharge, but excluding door delivery costs.However, according to ...
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A growing buzz about fixed-wing drones
Questions are beginning to be raised as to whether the tech bubble has peaked. A recent report in the UK’s Guardian newspaper suggested that demand for Silicon Valley rental space has plateaued, while start-ups are finding it harder to secure funding from investors.In the world of air cargo, technological advancements ...
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Greencarrier and Solvatten join forces to deliver safe water
Swedish logistics service provider Greencarrier has partnered with Solvatten, a social enterprise making portable solar-powered jerry cans for heating and treating water – helping to improve the lives of people without access to a safe water supply.Solvatten’s goal is to bring clean water to 1m off-grid families by 2030. Chief ...
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Air China to offload majority stake in cargo arm in face of uncertain market
On 30 August, Air China announced its intention to sell its 51% stake in Air China Cargo to sister unit Capital Holding in light of uncertainties in international trade.Once the RMB2.4bn ($357m) transaction is completed, Air China Cargo will no longer be a subsidiary of the Beijing-headquartered airline. Capital Holding ...
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BARIG calls for joint action on capacity
The Board of Airline Representatives in Germany (BARIG) has highlighted a need to address capacity issues in the European country as recent months have seen numerous flight cancellations and delays.“Now all players in the industry as well as authorities and politics have to work on joint solutions," said BARIG secretary ...
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AirBaltic picks B&H Worldwide for AOG at Gatwick
UK-based aerospace logistics specialist B&H Worldwide has won a contract with airBaltic to handle all of the airline’s AOG traffic, including time-critical spares and routine shipments, to and from London Gatwick.B&H Worldwide said it will “take care of the entire shipping process providing a new level of shipment transparency to ...
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Emirates SkyCargo gets World Equestrian Games off to a flying start
Dubai-based Emirates SkyCargo, the freight division of Emirates Airline, has transported 67 horses on one of its Boeing 777 freighter aircraft from Liege to Greenville-Spartanburg International Airport in South Carolina in the US for the FEI World Equestrian Games Tryon 2018.This was the first of 19 charter flights that the ...
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July airfreight performance ‘lacklustre’
The latest monthly report from airfreight market analysis provider World ACD describes a “lacklustre performance” in July.While the global air cargo yield (measured in Euros) rose by 10.5% year on year, July represented the second consecutive month of limited growth in volumes – just 0.5% up on the same month ...
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LATAM Cargo pharma hub opens for business at Copenhagen
Chile-based freight carrier LATAM Cargo has launched a dedicated offline pharma hub in Copenhagen, the Danish capital.According to a statement released by the carrier, “strong demand” for pharma shipping on routes from Europe to Latin America induced it to open its 10th such hub, and its second offline.The Copenhagen hub ...
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Finnair Cargo goes with Air Logistics Group in mainland China destinations
Finnair Cargo has appointed Air Logistics China Ltd as its general sales and service agent (GSSA) in mainland China.The agreement covers Guangzhou, Xi`an and Chongqing and goes into effect on September 1 2018.The deal has been effective In Nanjing since August 1 2018.Tomi Asikainen, sales director Asia for Finnair Cargo, ...
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NewsAirfreight rates on major lanes reach their highest level of the year in August
Airfreight rates on Asia-Europe and transpacific services reached their highest level of the year so far in August, while forwarders have started warning of peak season capacity constraints.The latest figures from TAC Index show that prices on services from Hong Kong to North America increased by 23.4% year on year ...
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Aeroflot has good six months for cargo
Russian flag-carrier Aeroflot has reported its financial results for the first six months of this year, revealing a mixed picture.The news for freight was good. Cargo revenue rose by 13.9% year-on-year to RUB 8,178m as cargo and mail volumes grew by 10.6%.The carrier as a whole saw revenue rise by ...
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Qantas to bring Tony Tyler onto the fold
Qantas chairman Leigh Clifford has said that Tony Tyler is to join the Australian flag-carrier’s board as a non-executive director.Clifford remarked that Tyler would bring his significant experience in commercial aviation to Qantas when he joins the airline in October (subject to a shareholder vote on his appointment).“Tony is one ...
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TIACA looks forward to ACF in Toronto
The latest (August) issue of TIACAtalks, a newsletter produced by The International Air Cargo Association, has offered a look forward to the trade body’s forthcoming big biennial exhibition, Air Cargo Forum (ACF).This year’s ACF, to be held in Toronto in October, promises to be “one of the most dynamic and ...
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West Atlantic flies high in first half
Express and mail airline West Atlantic has reported on a successful first half to this year.Revenue over the first six months of 2018 rose by 7.1% compared to the January-June period of 2017.Earnings were up thanks in part to what West Atlantic described as “continued strong growth for the Group’s ...
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Cargo-partner breaks ground on logistics centre in Ljubljana
Vienna-headquartered freight forwarder cargo-partner held a groundbreaking ceremony yesterday (August 30) as it began construction of a new warehouse near Slovenia’s Ljubljana Airport.The iLogistics Center will provide 25,000 sq m of storage space, as well as 6,000 sq m of small parts and single-pick area, 5,000 sq m of cross ...
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CH Robinson expects peak season capacity constraints
Freight forwarder CH Robinson has declared the current air and ocean freight markets represent something of a ‘perfect storm’ and once again expects capacity constraints during the peak season.The peak shipping season has heated up early, the forwarder noted. Rates are up on the spot market, and air and ocean ...
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Wipro joins BiTA to drive progress on blockchain
Wipro, a leading globally active IT, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA) in a move it said is intended to “spearhead the development of blockchain standards and drive blockchain adoption in the transportation industry”.A Blockchain can be described as a digitised ledger ...