Latest news – Page 585
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News
CEVA confirms $1.36bn IPO
CEVA Logistics has confirmed plans for an initial public offering (IPO) and to list its shares on the SIX Swiss Exchange in a move that will raise an expected SFr1.3bn ($1.36bn).The announcement by the $7bn revenue third party global logistics player based in Switzerland confirms earlier industry speculation.The objective of ...
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Top 20 cargo hubs saw volumes rise 6.8% in 2017
Air cargo volumes at the world's 20 busiest airports grew 6.8% in 2017, with Hong Kong again the number one freight hub at more than 5m tonnes, a 9.4% year-on-year increase.Airports Council International (ACI) reported that the top 20 cargo hubs handled a combined 51m tonnes last year, representing 43% ...
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Van de Weg makes surprise return to Volga-Dnepr Group
Robert van de Weg has rejoined Volga-Dnepr Group just over a year after leaving the airline group.He will take on the role of vice president for sales and marketing, the same role he occupied until the start of 2017.In the role, he will look after the commercial activities of all ...
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IATA officially launches CEIV Live Animals
IATA has confirmed the launch of its new CEIV programme for the transport of Live Animals to help improve the safety and welfare of animals travelling by air.CEIV Live Animals, which Air Cargo News reported was being developed last year, is based on the IATA Live Animals Regulations (LAR) and ...
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Record pharma flight for ABC
Russian carrier AirBridgeCargo Airlines (ABC) has carried a record 19 va-Q-tainers XLx on a single flight for Biotech & Pharma Logistics.The passive containers, weighing around 15 tonnes in total, were delivered to Frankfurt ready to ‘load and go’ onboard one of ABC’s Boeing 747-8F services to their final destination at ...
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Forwarders on a guided tour at the new Moscow Cargo terminal
Moscow’s Sheremetyevo International Airport has presented its new showpiece cargo terminal to airlines and freight forwarders.Moscow Cargo, the largest cargo complex in Russia, covers an area of 42,300 sq m and has a handling capacity of 380,000 tonnes per year.Construction work started in March 2016 and was completed in July ...
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NewsIATA warns over protectionism as cargo traffic continues to grow
Air cargo traffic continued to improve in February, but IATA has again warned of the impact protectionism could have on the market.According to the latest IATA figures, cargo traffic in freight tonne km terms increased by 6.8% in February, while over the first two months of the year demand is ...
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New project aims to reduce Frankfurt ramp waiting times
Frankfurt Airport will host a new research project that aims to create a shared trailer system to speed up the ramp operation.The airport said cargo handlers would share intelligent truck trailers, known as “smart trailers”, equipped with complex camera systems that continuously record how full the trailer is.Once a certain ...
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Qatar Airways set to invest in Moscow's Vnukovo airport
Qatar Airways has entered into an memorandum of understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest hub, to acquire up to 25% of the airport’s total shares.Qatar Airways group chief executive Akbar Al Baker said that the potential investment will complement the Middle East carrier's existing "strong ties" with ...
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NewsAirfreight rates flatten off in March but remain ahead of 2017 levels
Airfreight rates flattened off in March compared with a month earlier, although major routes out of Asia continue to track ahead of last year’s levels.The latest figures from TAC Index show that airfreight rates on service from Hong Kong to North America in March increased by 26.3% compared with the ...
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Industry mourns passing of Mark Whitehead
Air Cargo News is saddened to report the death of Mark Whitehead, a well-known face in the air cargo industry and until recently the chief executive of Hong Kong Air Cargo Terminals Limited (Hactl).A statement from Hactl said: "It is with the utmost sadness that Hactl reports the death of ...
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UPS turns to wet lease aircraft to bridge the growth gap (story from 2018)
UPS has turned to wet leased aircraft as it tries to keep up with express and cargo demand growth ahead of new aircraft deliveries. The express giant said that it is adding 35 aircraft to its fleet over the next four years, including nine in 2018. This fleet expansion will ...
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No extra slots for Schiphol until at least 2020
The Schiphol aviation community has reacted with dismay to news that there will be no extra slots for the airport until the end of 2020.The airport, which last year almost breached its slot limit of 500,000, was hoping that it would be able to gain extra capacity to meet growing ...
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New young professional networking group to launch at Multimodal
A new networking group for young professionals working in logistics and supply chains will be launched at next month's Multimodal event in the UK.The NextGen Logistics Network will connect online via a LinkedIn group, and companies backing the initiative will pledge to host networking and information events, which will include ...
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Air Partner shares fall after reporting accounting error
Shares in Air Partner fell 22.6% on the London Stock Exchange today (Tuesday) after the UK charter broker identified an estimated £3.3m accounting error related to the collection of receivables from customers for uncollected amounts since the 2010/11 financial year.Its shares had fallen 32.5 pence by midday today on the ...
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DHL continues to invest in e-commerce
DHL Parcel and DHL eCommerce have launched a global e-commerce fulfillment platform and new fulfillment center in the UK.The logistics and delivery giant said that its new IT platform provides online retailers with access to all its e-commerce fulfillment centres from a single source.Retailers will be able to integrate the ...
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February cargo figures point to a good start to the year
Cargo demand growth slowed in February but performance over the first two months represented a “good start of the year”.The latest statistics from analyst WorldACD show that demand increased by 4.4% year on year in February, down on January’s 8.5%.However, this slowdown was to be expected as the Chinese New ...
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AirBridge launches scheduled freighter services at Rickenbacker
AirBridgeCargo Airlines (ABC) will become the fifth freighter operator to provide scheduled services at Rickenbacker International Airport (LCK) in Columbus, Ohio.The Russia-based carrier joins a network of logistics service providers at the US cargo-dedicated airport, which is located within a one-day drive to nearly half of the US population and ...
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Polar adds Japan freighter flights
Polar Air Cargo Worldwide has announced newly added scheduled freighter flights to Japan from the US.The direct Boeing 747-4 freighter service will operate five times weekly between Cincinnati in the US and Chūbu Kūkō airport (NGO), just outside Nagoya, with connections into the carrier's PO APAC network.Polar Air Cargo is ...
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Lufthansa Cargo to sell Brussels Airlines' belly space
Lufthansa Cargo will market the cargo capacities of Brussels Airlines, owned by the Lufthansa Group, from September, a move the two airlines claim will benefit customers by offering a wider network.The companies said the move will give Brussels Airlines' customers access to Lufthansa Cargo's route network, which includes around 300 ...