Latest news – Page 602
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News
Infor and Integration Point join forces for supply chain platform
Cloud application provider Infor and global trade management solution provider Integration Point have teamed up to deliver a new global trade management product on a single shared information network.The solution will integrate elements such as logistics, trade finance, trade compliance, trade content, customs filing and duty optimisation, allowing end-to-end connectivity, ...
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TIACA reveals a new vision
TIACA has revealed a new vision for today’s business environment: “a forward-looking approach to representing, supporting, and informing every element of an efficient, modern, and unified air cargo industry”.That approach is set to include more training, consultancy and advocacy, alongside collaboration with other organisations and government bodies around the world.For ...
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Dubai sees “bumper growth” for cargo
The UAE’s Dubai International airport (DXB) has posted a record 2,654,494 tonnes of cargo for 2017, up 2.4% on the previous year.Despite “some fluctuation” in cargo throughput, a small drop of 0.5% in December being one example, the gateway benefited from significant growth in other months.March, August and September all ...
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Logistics software giant Descartes buys Aljex for $32.4m
Logistics software specialist Descartes Systems Group has acquired New Jersey-based Aljex Software, a cloud-based provider of back-office transportation management solutions for freight brokers and transport providers.Descartes acquired Aljex for $32.4m in cash, satisfied from Descartes’ existing acquisition line of credit.Aljex's platform is used by nearly 400 customers in North America ...
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NewsAirfreight rates start the year ahead of 2017 levels
Airfreight rates started 2018 ahead of last year but there were some signs of a slowdown in line with seasonal demand trends.The latest data from Tac Index shows that in January average prices on major transpacific, transatlantic and Asia-Europe routes were all up on a year ago.On services from Hong ...
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Forwarders lose appeal against €169m fines for air cargo cartel between 2002 and 2007
The European Court of Justice has upheld the €169m in fines imposed six years ago by the European Commission on freight forwarders which participated in an air cargo cartel between 2002 and 2007.Kühne + Nagel International, Schenker, Deutsche Bahn and Panalpina World Transport have now lost their appeal regarding a ...
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American Airlines picks iCargo for its web-based cargo management system
American Airlines Cargo is to implement a next generation cargo management system in its largest investment to date.The US carrier has selected IBS Software to implement iCargo, which will see American migrate to a web-based, fully integrated technology platform connecting all of its critical business functions.Said an airline spokesperson: "Together, ...
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Charter broker ACS adds new US office
Air Charter Service (ACS) has opened a new office in Manhattan, its second operation in New York and sixth in North America.The charter broker said that it had decided to open an office in Manhattan because of the number of clients it has in the area.Chief executive Justin Bowman said: ...
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UPS adds to B747-8F order as it beefs up fleet for growth
UPS has ordered an additional 14 Boeing B747-8F cargo jets and four new Boeing 767F aircraft to provide additional capacity in response to demand growth.All of the new aircraft will be added to the existing fleet and no existing aircraft are being replaced.The aircraft will be delivered on an expedited ...
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UPS sees growth accelerate in 2017
Express giant UPS saw both revenues and profits accelerate last year, with the improved performance led by its supply chain and freight division.In total, UPS saw revenues for 2017 increase by 8.2% year on year to $65.9bn, while operating profits were up 37.7% on 2016 to $7.5bn and net income ...
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Luxembourg sets new airport record with 938,000 tons in 2017
Luxembourg Airport handled 938,000 tons of airfreight in 2017, a 14% increase on 2016 which allowed Europe’s sixth largest cargo hub to break through the 900,000 ton barrier for the first time.The increase also heralded a 10-year return to pre-financial crisis cargo levels.An airport spokesperson for the hub, which is ...
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ANA unveils 5-year cargo strategy and expands joint venture with United
Japanese carrier ANA has unveiled plans for “large size freighters” to capture volumes between Asia and North America via Japan, plus an upgrade for its Okinawa cargo hub.The ambitions were contained within the passenger and freighter airline’s five year mid-term corporate strategy for 2018-2022, and came as ANA and United ...
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WAITING FOR EXTRA INFO: Lufthansa Cargo transports car in Eurowings belly
Lufthansa Cargo has carried out the first commercial transport of a vehicle on an Airbus A330 passenger aircraft.The transport of a SEAT Arona from Cologne to xxxx was carried out on behalf of logistics firm IQS Group on an A330 flown by Lufthansa Cargo sister company Eurowings.In order to transport ...
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Cape Town runway approval
Cape Town International Airport has received final approval from the South African government for the construction of the airport’s new realigned runway.This project marks a R3.8bn investment into the economy of Cape Town and the Western Cape.The Department of Environmental Affairs (DEA) concluded the appeals process and has now ruled ...
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Swissport secures €325m financing commitment for Aerocare acquisition
Ground handler Swissport has secured a €325m financing commitment from Barclays to support its acquisition of Aerocare, the largest handler in Australia and New Zealand, with the deal set to close by March 7 this year.Swissport, which last week announced plans for an Initial Public Offering (IPO) and listing of ...
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Munich Airport opens Information Security Hub to fight cybercrime
Munich Airport has launched an Information Security Hub (ISH) where airport IT specialists will work with experts from the European aviation industry to defend against cyberattacks and cybercrime.With the spread of digitalisation, there has been "a massive increase in the number of attacks on the IT systems of companies and ...
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WorldACD: 2017 a remarkable year for air cargo but when will the party end?
Market analyst WorldACD has described 2017 as a “real bumper year” for airfreight but posed the question: “When will the party end?”In its latest update, WorldACD reports that December 2017 saw a year-over-year (YoY) growth of 4.5% in worldwide air cargo volumes.The main contributors, stated the analyst, were the origin ...
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Airfreight a rhinoceros? Of courseros! Make it two.
Volga-Dnepr Airlines transported two Southern White Rhinos from Tel Aviv, Israel, to Russia where they will reside in one of the largest Russian zoos in Rostov-on-Don.The rhinos were transported on the airline’s modernised IL-76TD-90VD freighter to ensure the correct temperature and pressure environments were maintained during the flight.The aircraft’s low-noise ...
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Airfreight demand up 9% in 2017, strongest growth since 2010 says IATA
Global airfreight markets in 2017 saw demand grow by 9.0%, more than double the 3.6% annual growth recorded in 2016, and IATA expects a "very healthy 4.5% expansion" in 2018, measured in freight tonne kilometers (FTKs).IATA’s full year 2017 statistics show that airfreight capacity, measured in available freight tonne kilometers ...
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Bangkok and Liege airports to share cargo knowhow
Bangkok-Suvarnabhumi and Liege airports have signed a sistership agreement to exchange expertise and knowhow, with a focus on cargo development between the Thai and Belgian hubs.The signing ceremony between Airports of Thailand, owner of Bangkok-Suvarnabhumi, and Liege took place at the Asia Air Cargo Summit, being held in Bangkok.A joint ...