Latest news – Page 561
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Cinven set for Envirotainer acquisition
Specialist pharma-chain ULD provider Envirotainer is set to have a new owner after private equity firm Cinven acquired all the shares of majority stakeholder AAC Capital for an undisclosed sum.Michael Berg, chief executive of Envirotainer, said: “Cinven is one of Europe’s leading private equity firms, with substantial activities in healthcare ...
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Lufthansa Cargo to offer spot market capacity on digital platform
Lufthansa Cargo will begin offering spot market capacity through online platform cargo.one as it pushes its digital offering to forwarders.The German cargo carrier has signed a co-operation contract with cargo.one allow customers to book available capacity for its express service td.Flash and its standard service td.Pro "completely digitally and in ...
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Top marks: Volga-Dnepr in education alliance to boost Russian aviation
Volga-Dnepr has linked up with a Moscow university to improve quality of education and competitiveness of Russian aviation.Volga-Dnepr Technics Moscow (VDTM), a part of Russia's Volga-Dnepr Group and a supplier of aircraft maintenance and repair services, has entered into a long-term cooperation agreement with Moscow State Civil Aviation Technical University ...
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Miraculous escape for Cargolux freighter crew after fuel leak from helicopter shipment
A Cargolux freighter and its crew had a miraculous escaped after 322 litres of fuel leaked from a disassembled helicopter shipment on the main deck.An official report on the March 30, 2017 incident found that the measured fuel vapour levels indicated "a high risk of explosion and that the fuel ...
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UK forwarders have mixed feelings over government's Brexit plan
UK freight forwarder association BIFA has warned that the government's Brexit white paper outlining the proposed future relationship with the European Union (EU) is not set in stone and could be complex to implement.BIFA said the white paper addresses some of the issues that it has highlighted over the past ...
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Atlas Air leases B747F from LCI
Lease Corporation International (LCI) , the aviation division of the Libra Group, today announces that it has entered into an agreement to place a Boeing 747-400F on a long-term lease with Atlas Air.Michael Platt, chief executive Officer of LCI, said: “We are delighted to be commencing this partnership with Atlas ...
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Atlas in pilot interview agreement with GoJet
US-based freighter lessor Atlas Air and US regional passenger carrier GoJet Airlines have entered an agreement that guarantees GoJet pilots an interview with Atlas after one to two years of service.The move comes as concerns grow about a global shortage of trained pilots as both the airline passenger and air ...
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Amerijet switching to indexed fuel surcharge
Miami-based Amerijet International Airlines is changing its fuel surcharge calculation method to an indexed model, “in order to more accurately follow the fuel markets”.The all-cargo carrier’s vice president of sales and marketing, Derry Huff, said: “This will provide both Amerijet and our customers a fair and transparent methodology which will ...
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FTA welcomes UK government Brexit paper
The Freight Transport Association (FTA) has reacted positively to the content of today's White Paper outlining the government's intended future relationship between the UK and European Union (EU) after Brexit.The FTA said the solutions outlined in the paper offer encouragement for those tasked with keeping the nation's complex supply chain ...
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Mixed response to UK government's Brexit white paper free trade proposal
Business groups have expressed a mixed response to the UK government's white paper on the country's exit from the European Union (EU).Aerospace trade group ADS said that it welcomed the white paper as it gave businesses certainty ahead of the country's exit from the EU in 2019.However, ADS said there ...
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Korean Air Launches freighter services to Delhi
Korean Air will launch a three times a week Boeing 777 freighter service between Incheon and Delhi from July 17.The Asian carrier currently operates direct passenger flights from Incheon to Mumbai and Delhi, three and five times a week respectively.In a statement, Korean Air said: “The decision to introduce the ...
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WiseTech Global signs distribution agreement with 3Gtms
Global logistics solutions group WiseTech Global has signed an international distribution agreement with 3Gtms, a multi-modal domestic transportation management system provider.3Gtms’ transportation management system, 3G-TM, is a solution for mid to large third party logistics providers, shippers, brokers, forwarders and other non-asset based transportation companies that manages and optimizes the ...
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FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
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SkyCell in strategic alliance with Du Pont
SkyCell and Du Pont have announced a strategic alliance for the pharmaceuticals cool chain sector.SkyCell, which manufactures temperature-controlled containers for food and pharmaceuticals, will link up with DuPont Safety & Construction (DuPont), a division of DowDuPont, one of the world’s largest specialty product companies.A joint statement said that the alliance ...
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Panalpina opens technology test bed logistics centre in Singapore
Logistics supplier Panalpina has opened a purpose-built logistics center in Singapore, constructed over six floors and with 25,800 sq m of usable warehouse space.Speaking at the official opening of the facility, Panalpina chief executive Stefan Karlen said: “Singapore is a very important consolidation hub for ocean and airfreight. The nation-state ...
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Mixed June for MAG's UK airports
UK airport group MAG saw cargo throughput fall at two of its three hubs in June.Manchester airport recorded a 7% fall in June to 10,187 tonnes, while London-Stansted saw its volumes decline 2.2% to 21,637 tonnes.UK express operators hub East Midlands airport saw its monthly cargo volumes edge ahead 0.9% ...
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Frankfurt cargo decline in June, volumes static for first six months of 2018
Germany's Frankfurt airport saw a 2.8% decline in freight and mail volumes in June, to just under 183,000 tonnes, while year to date throughputs for the the first six months of 2018 were near static at 1.09m tonnesCargo was the only negative for Europe's largest airfreight hub, which recorded a ...
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K+N to open pharma logistics hub in Chile
Kuehne+Nagel (K+N) will open a pharma logistics hub in Santiago de Chile next month (August 2018) to benefit the growing pharma & healthcare industry in South America.The dedicated warehouse provides K+N’s temperature-controlled, door-to-door KN PharmaChain global network with an increased regional footprint.Ingo Goldhammer, president of K+N South & Central America, ...
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IAG Cargo: lettuce help as green veg shortage is the tip of the iceberg
IAG Cargo is reporting a spike in lettuce volumes as a heatwave results in a shortage of green vegetables.The freight arm of British Airways, Iberia and Aer Lingus said that it had completed a single shipment of over 30,000 heads of iceberg lettuce from Los Angeles to meet a gap ...
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Edmonton aims for CEIV Pharma certificate
Edmonton International Airport (EIA) will become the first airport community in Canada to pursue IATA's CEIV pharma certification.The airport said achieving the certification would ensure the airport community "meets the highest global standard for transporting pharmaceutical products by air".“Edmonton International Airport is excited to begin the CEIV Pharma Certification with ...