Latest news – Page 557
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News
E-commerce fuels XPO's second quarter
E-commerce helped XPO Logistics record a 16% year-on-year revenue rise to $4.36bn in 2018's second quarter, as the acquisitive US giant also gained $2.1bn of new business in the first six months of this year.Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased to $436.7m for the second ...
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E-commerce fuels XPO's record Q1 earnings
XPO Logistics saw record first quarter 2018 revenues with an 18.4% increase year-over-year to $4.19bn, led by organic growth in e-commerce demand for last mile and contract logistics.The fast growing US-based supply chain giant also captured $972m of new business during the first three months of this year, up 36% ...
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ACS sources aircraft to transport barite to stem Hawaiian lava flow
Charter broker Air Charter Service (ACS) recently sourced an MD-11 freighter to fly 68 tonnes of the fire retardant ore, barite, to battle the increasing threat of lava reaching a geothermal power plant in Hawaii.Richard Thompson, president of ACS Americas, said: “Towns and countryside were being turned into a volcanic ...
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Air cargo volume growth stagnates in June
Air cargo volume growth stagnated in June for the first time in two years, according to the latest figures from analyst WorldACD.According to the company, June saw air cargo grow by 0.4% in June, compared with a 3.7% increase over the the first half of the year.Despite the decline in ...
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NewsACI: Airport volumes up in April but growth starting to subside versus 2017
Airports Council International (ACI) World reported that April's freight volumes increased 4.5%, outpacing a slow March, with the market displaying "some resilience" despite the threat of trade wars, although the high growth of 2017 is "starting to subside".ACI's month-by-month passenger and freight statistics are based on a significant sample of ...
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UK Customs crunch warning as new system faces significant Brexit challenges
The UK National Audit Office (NAO) has warned that "significant challenges" remain in the implementation of a new Customs Declaration System (CDS) which is due to go fully live in January 2019.In a progress update report on the implementation the NAO also acknowledges that HM Revenue & Customs (HMRC) has ...
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Peli Bio Thermal expands with three appointments
Temperature controlled packaging firm Peli BioThermal has appointed three new members of staff to support its global expansion.The company has appointed Will Staddon as manager - partner alliances, Stewart Morland, business development manager Europe, Middle East and Africa and Joseph Castellanos, senior account executive – west coast US.The company said: ...
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Chile's UASL chooses Hermes cargo management system
Chile-based ground handling agent UASL has chosen Hermes Logistics Technologies (HLT) to provide a new cargo management system at Comodoro Arturo Merino Benítez International Airport (SCL).Hermes 5 (H5), the new version of Hermes’ Cargo Management System (CMS) and Hub Management System (HMS) applications, is planned to be implemented at SCL ...
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News
Speed and precision a key battleground in the forwarding market
The entrance of digital forwarders is driving technological investment as companies look to improve the speed and precision of their services.Ahead of the release of its annual global forwarding report, analyst Transport Intelligence (TI) has released some of the key findings from interviews and research with freight forwarders and major ...
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NewsAir France KLM sees cargo revenues rise despite traffic decline
Air France KLM saw cargo revenues increase in the second quarter, despite a fall in traffic, while the overall airline group’s performance was affected by strike action.The latest financial results from the Franco-Dutch airline group show that cargo revenues increased by 7.3% year on year to €543m during the second ...
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DSV air cargo volumes up 12% in Q2
Denmark-based logistics operator DSV recorded an 11% increase in airfreight volumes to 336,300 tonnes during the first half of 2018, driven mainly by a "strong performance" in EMEA and Americas exports.The rise in DSV's half year air cargo throughput outpaced an overall market benchmark of 5% growth in the same ...
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YTO plans Jiaxing aviation logistics hub
YTO Express has signed an agreement to develop an aviation logistics hub in Jiaxing in the Yangtze River Delta area as it looks to capitalise on e-commerce growth.The agreement, which was signed with Jiaxing city, will see the development of a new 600,000 sq m hub at the city's airport ...
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NewsLufthansa Cargo sees revenues and profits rise in Q2
Higher pricing in the airfreight market helped propel profits at Lufthansa’s cargo business during the second quarter of the year.The German airline’s logistics division, which includes Lufthansa Cargo as well as Jettainer, time:matters and its equity investment in AeroLogic, saw total second-quarter revenues increase by 12.1% year on year to ...
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NewsEast-West airfreight rates fell 3% in May, says Drewry
Airfreight rates fell 3% between May and June 2018, with Drewry’s East-West Airfreight Price Index dropping to $2.63 per kg.However, said Drewry, the rate remains some 7% higher than June last year, adding: "The ramifications of the trade war between the US and China, as well as tariffs on the ...
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Oman Air Cargo's new Muscat facility helps boost freight traffic
Oman Air Cargo's new new freight facility at Muscat Airport has helped boost volumes during the first half of the year.The new cargo facility, which features a 22,780 sq m, air-conditioned warehouse with the capacity to handle 350,000 tons of cargo per annum, opened in March.The airline said that since ...
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Antonov utilises An-225 for 160 tonne cargo transport
Antonov Airlines has completed 12 consecutive 160 tonnes flights utilising the world's largst aircraft, the AN-225.The operation saw Antonov Airlines, in partnership with Hansa Meyer Global Transport, transport twelve Heat Recovery Steam Generator (HRSG) modules between Chile and Bolivia.Each module is weighs 160 tonnes and the height of the cargo ...
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IAG Cargo offers direct route to Pittsburgh in 2019
IAG Cargo has announced the launch from April 2019 of a year-round, four times a week passenger service from London Heathrow to Pittsburgh, Pennsylvania.The only direct flight from the UK to Pittsburgh will be operated by the Boeing 787-8 Dreamliner, with a cargo payload of up to 14 tonnes per ...
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NewsAsia Cargo Monthly: Growth slowdown continues in June
Asian airlines continued to see cargo growth figures slow in June, despite a pick up towards the end of the month.Figures released by Cathay Pacific for June show that the Hong Kong-based airline saw cargo traffic increase by 5.5% year on year to 1bn cargo and mail revenue tonne kms.While ...
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Segro: Planning to replace Heathrow's cargo 'horseshoe'
Heathrow’s cargo landlord, Segro, is already planning for the complicated construction jigsaw that will see the 1960s design ‘horseshoe’ cargo area replaced by a modern cargo city when a third runway opens.Late June saw Members of Parliament in the House of Commons vote 415 to 119 in favour of Heathrow ...
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Alfa bravo for Emirates SkyCargo
Emirates SkyCargo and Gargash, a distributor of premium and luxury cars in the United Arab Emirates (UAE), have partnered to transport two Alfa Romeos from Dubai to London for the Gumball 3000 motor rally.An Alfa Romeo Stelvio Quadrifoglio and an Alfa Romeo Giulia Quadrifogli were flown on an Boeing 777 ...