Latest news – Page 580
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News
March dip for cargo at Changi Airport
Singapore's Changi Airport saw cargo shipments dip 0.6% to 187,550 tonnes in March, compared to the same period last year.For the first quarter of this year, Changi Airport registered a 3.6% increase in airfreight to 512,080 tonnes. Japan and South Korea were some the fastest growing markets by airfreight volume ...
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Mack to leave DB Schenker for DP DHL
DB Schenker airfreight boss Thomas Mack is joining Deutsche Post DHL, in a story broken by German trade paper DVZ.Mack will lead DP DHL's air cargo business from July 1.A spokesperson for DP DHL said: "We can confirm that Thomas Mack will be joining DHL Global Forwarding and take on ...
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CargoLogicAir adds more Hong Kong and Atlanta freighter frequencies
CargoLogicAir (CLA) has boosted its freighter services from the UK with additional Boeing 747F operations to Atlanta, Dubai and Hong Kong.The British all-cargo airline’s third flight per week to Atlanta, which returns directly to its London Stansted hub, is in addition to its existing 747F flights from Stansted to Mexico ...
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UPS sees Q1 revenues improve but operating profits hit by winter weather
Express giant UPS recorded improvements in revenues and net profits in the first quarter of the year, but operating profits declined partly due to harsh winter weather.The Atlanta-headquartered firm saw revenues increase by 10.3% year on year to $17.1bn driven by its supply chain and freight, and international package businesses.Net ...
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NewsLufthansa reports another strong quarter for cargo on rate increases
Rate increases helped boost revenues at Lufthansa’s cargo and logistics business in the first quarter of the year.First-quarter figures from the Frankfurt hubbed aviation group show that its logistics business segment saw revenues increase by 12.7% year on year to €641m in the first quarter.This is ahead of a 4.6% ...
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Geodis expands in Uganda to cater for industrial project growth
Geodis has opened a new office in Kampala, Uganda, to cater for the surge in industrial projects currently taking place in the east Africa region.The Uganda-based office will extend Geodis - Industrial Projects’ footprint in Africa for both current and new global clients.The new presence also provides a mechanism through ...
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Asia Pacific air cargo growth moderate but still positive in March
Asia Pacific carriers saw "more moderate but still positive growth in air cargo demand" during March as international air passenger markets reported "firm" increases versus the same year in 2017.Preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) showed that international air cargo demand, measured in freight tonne ...
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Union wants talks after Cargolux's record result
The LCGB union would like to enter into talks with Cargolux management after the airline announced record results which the trade body said was built on the back of staff working to their limits.Yesterday, the airline announced 2017 full year net profit after taxes reach $122.3m, compared with a prior ...
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Antonov offers An-124s to fill SALIS gap
Antonov Company is ready to provide additional support to NATOs' Strategic Airlift International Solution (SALIS) programme with "the necessary number of An-124-100 aircraft".The offer from Ukrainian-owned Antonov comes after Russia's Volga-Dnepr Group served notice that it is to quit the SALIS contract at the end of 2018.Two Antonov 124-100 aircraft, ...
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UK MPs to study freight and Brexit
Westminster MPs have today launched an inquiry into the effect of Brexit on the UK's freight sector.Parliament's Transport Committee, made up of MPs from all parties, is offering freight operators and their "diverse customers", the opportunity to specify their "different freight-related needs" when the UK leaves the European Union (EU).Though ...
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UK ministers in Brexit talks with aviation industry
UK government ministers have met with representatives from the country's aviation industry to discuss how the sector can "continue to flourish" after Brexit.Transport Secretary Chris Grayling and Steve Baker, Minister for Exiting the European Union (EU), saw senior representatives from the UK aviation industry today.The meeting follows the agreement in ...
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NewsCargolux surges to $122m net profit in 2017
Cargolux Airlines saw 2017 full year net profit after taxes reach $122.3m, compared with a prior year $5.5m for the European freighter aircraft operator.For the first time in its history, the Cargolux Group exceeded one million chargeable tonnes flown, as FTKs increased by 12.3% in 2017 and the Luxembourg-based carrier's ...
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FedEx to link Guangzhou and Memphis hubs
FedEx Express has launched a new route connecting its Asia Pacific hub in Guangzhou with its global Memphis hub.Initially, an MD-11 freighter is being used for the five-times-per-week route, but it will be replaced with a B777 freighter in May, to meet increasing shipping demand.In April, the flight departing from ...
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Paint-a-freighter and win $50,000 in cash
China's SF Airlines has launched a competition to create a livery for the two ex-Jade Cargo Boeing 747 freighters that it bought online last year.Prizes totalling $100,000 can be won by "creative talents" around the world who enter the competition, with a submission deadline of May 19, 2018. The list ...
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DB Schenker starts work on new Dubai airport hub
DB Schenker has started work on its second logistics center in Dubai, located next to Dubai World Central airport.The 35,000 sq m temperature-controlled warehouse, with a 3,500 sq m mezzanine area for value-added services, is the largest investment in the history of DB Schenker Middle East & Africa.The facility, which ...
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Air cargo set for index-linked BSAs and derivatives
The air cargo industry could have its first index-linked block space agreements (BSA) completed within six months while a derivatives market is also being launched.Shipping derivatives broker Freight Investor Services (FIS) and rate index TAC Index have teamed up to develop and launch a paper derivatives product, known as forward ...
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Air Partner appoints Ian Holder as managing director of Baines Simmons
Air Partner, the UK-based global aviation services group with a cargo charter division, has appointed Ian Holder as managing director of Baines Simmons, the aviation safety consultancy it acquired in 2015.Holder takes up the role immediately, reporting directly to Air Partner chief executive Mark Briffa, and will also sit on ...
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Vallair buys six feedstock A321-200s for freighter conversion
Aircraft trading and leasing company Vallair has acquired six A321-200 aircraft as initial feedstock for the launch of its Airbus A321-200 passenger to freighter (P2F) programme.The Luxembourg-based company said that the aircraft will be attributed to short term lease programmes within Vallair’s current portfolio.The A321 and A320 P2F conversion programmes, ...
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Fraport achieves IATA CEIV Pharma for ramp operations
Airport operator Fraport has achieved IATA's CEIV Pharma certification for its ramp handling operations.Martin Bien, senior executive vice president of ground services at Fraport, received the accolade at the IATA Ground Handling Conference in Doha. During the ceremony.Bien said: “With the CEIV Pharma certification from IATA, Frankfurt Airport is one ...
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DP DHL's Appel: Walls are not the solution
Deutsche Post DHL chief executive Frank Appel is confident that trade will continue to grow despite recent protectionist rhetoric.Speaking at the company’s annual general meeting, Appel was optimistic about the economic environment, saying that global trade would continue to grow despite uncertainties.“The future is global. Anything else is a misconception,” ...