Latest news – Page 643
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News
The drinks are on us, says UPS
UPS is expanding its ability to ship alcohol, wine and beer to consumers on its express or standard shipping services.Wine connoisseurs can now use the express logistics firm to ship cases of wine shipped directly from the vineyards to their home.UPS says that according to industry studies, Italy, France and ...
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Rising star at Crane Worldwide
Specialist logistics company Crane Worldwide has promoted Chris Mitchell from director of global specialized solutions in Asia to vice president, global specialized solutions based in Singapore.Originating from the UK, Mitchell has been based in Asia since 1998 and has been involved in the development and execution of projects primarily in ...
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Ahead of market growth for DB Schenker airfreight
German-owned forwarder DB Schenker’s airfreight business grew by 11.4% to reach 613,000 tonnes in the first half of 2017, said Deutsche Bahn AG’s chief executive Dr. Richard Lutz at a press conference to announce the holding company’s interim results.The overall airfreight market was estimated to have grown by around 9% ...
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DHL offers high-tech logistics for the high-tech industry
DHL is combining its competencies to the computer industry as DHL Semiconductor Logistics to provide a full suite of end-to-end solutions and is launching a Global Capital Support Center with dedicated teams in Europe, Asia Pacific and the US.The suite of services covers the entire value chain from inbound to ...
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New Zealand forces recruit freight forwarder Kuehne+Nagel
The New Zealand Defence Force has signed a multi-year contract with forwarder Kuehne + Nagel.Under the agreement, the forwarder will be the global supplier of domestic and international freight forwarding and customs services to the Defence Force, which consists of the Royal New Zealand Navy, the New Zealand Army and ...
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Ben Ward to run converter PEMCO
Ben Ward has been appointed general manager of passenger to freighter conversion specialist PEMCO World Air Services.Ward brings over 30 years of experience to his new role and most recently served as PEMCO’s chief financial officer. Prior to joining the company, he held numerous accounting and financial positions at KPMG, ...
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AF KLM registers Q2 cargo traffic improvement but revenues down
Air France KLM saw cargo traffic and load factors improve during the first half of the year, although it did register a small decline in revenues.The Franco Dutch airline, which last week announced it would invest in Virgin Atlantic, saw second-quarter cargo revenues decline to €506m from €507m last year.Meanwhile, ...
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Steady progress for Dubai World Central cargo as passengers surge
Cargo at Dubai World Central (DWC), the emirate’s second airport, totalled 443,835 tonnes during the first half of 2016 compared to 430,132 tonnes in the first six months of 2016, a 3.2% increase.Passengers meanwhile surged more than 35% to almost 555,000 in the first half of the year, according to ...
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IATA survey of airline and cargo bosses saw Q2 profits rise
An IATA survey found that more than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 compared to the same period of 2016.However, IATA added that the first quarter may have marked the bottom of the industry profitability cycle.The ...
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American Airlines expands European trucking as global Q2 revenues soar
American Airlines Cargo has expanded and extended its European trucking network this summer.News of the European road feeder boost came as the US carrier announced its second quarter 2017 group results, which saw cargo revenue across the global network up by 13.1% to $196m, due to a 15.1% increase in ...
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SIA Cargo flies back into profit
SIA Cargo reported a financial year first quarter operating profit of $6m, reversing its loss of $34m in the same April-June last year.Revenue received a $57m boost from freight growth of 6.9%, further lifted by a 4.8% improvement in cargo yield, said the Singapore-based mega-Asian carrier.SIA Cargo operates a fleet ...
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Asia-Pacific and Middle East airport cargo volumes soar in May
Airfreight volumes in Asia-Pacific grew 10.8% in May, while the Middle East increased 8.4%, according to the latest monthly statistics from the Asia-Pacific region of Airports Council International (ACI).Said ACI: “Exports continued to drive strong airfreight growth in the Asia-Pacific: Hong Kong (HKG) +12.9%, Shanghai Pudong (PVG) +15.6% and Seoul ...
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Flying fish: Turkish Cargo provides Pearls of the Aegean for Kuwait dining tables
Turkish Cargo is now accepting fresh fish shipments on its direct Bodrum-Kuwait passenger flights as part of a sameday perishables supply chain to serve the appetites of consumers in the Middle East country.The Turkish carrier said that it is offering the service after requests from the Aegean Region, where three ...
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Second quarter cargo surge for IAG
British Airways, Aer Lingus and Iberia parent group IAG had a strong cargo second quarter as airfreight revenues at the European group soared by 7.9% to €260m against the same quarter of 2016, or an increase of 7.6% on 2016 at constant exchange.IAG's half year 2017 results saw cargo revenues ...
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NewsAsia Air Cargo Monthly: Strong freight demand expected to continue
Asian airlines continued their bumper start to the year in June and expectations are that cargo demand will remain strong for the rest of 2017.The latest Asian airline figures show robust cargo demand in June, with the Association of Asia Pacific Airlines reporting a 10% increase in freight tonne kms ...
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Delta, Air France KLM, Virgin and China Eastern deepen partnerships with equity deals
Air France KLM, Delta Air Lines, Virgin Atlantic and China Eastern have revealed plans for a major strengthening of their partnership that will involve the airlines making more equity investments.In an announcement, the carriers said that Air France KLM will acquire a 31% stake in Virgin Atlantic for around £220m.The ...
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Shawn Cole named vice president of Delta Cargo
Shawn Cole has been named as vice president of Delta Cargo, after the division's president took on the extra responsibility of airport customer service earlier this year.“Shawn is a solutions-driven Delta executive of nearly 10 years,” said Gareth Joyce, president – Delta Cargo and senior vice president – airport customer ...
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Dynamic airfreight pricing, what it means for shippers and forwarders
Posted airfreight rates with promotions change about once a month, on average. When airlines make the shift to dynamic pricing, rates change constantly, driven by excess capacity and diminishing time before departure, writes Manel Galindo* of Freightos.Once the majority of airlines make this shift to dynamic pricing, our industry will ...
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Etihad Airways registers $1.8bn loss in 2016 as cargo comes under pressure
Etihad Airways saw its cargo revenues drop by 10% last year despite an increase volumes, while the overall company slipped to a $1.8bn loss.The Abu Dhabi-hubbed airline recorded cargo revenues of $900m in 2016 compared with a $1bn in 2015. This came despite a 0.8% increase in cargo volumes to ...
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Shippers warned to book now or face rate spikes and delays in busy peak for air cargo
Panalpina has warned shippers to book their airfreight shipments as early as possible to avoid a spike in prices and capacity shortages during what is expected to be a busy peak period.The Switzerland-based freight forwarder said that the summer period is traditionally a calmer period, but this year has been ...