Latest news – Page 655
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News
Forwarders to face margin challenge after year of volume growth
The global freight forwarding market is estimated to have grown by 2.7% last year, but revenues were down and margin pressure is expected to intensify over the next five years.Analyst Transport Intelligence’s (Ti) Global Freight Forwarding 2017 report found that the global forwarding market is estimated to have grown by ...
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Qatar Airways set to move on a 10% stake in American Airlines
Qatar Airways could be set to invest more than $800m in a 10% stake in American, an airline that has accused the Middle Eastern carrier of benefitting from state handouts.In a stock exchange filing, the US carrier said it had received an “unsolicited notice” from Qatar Airways of its intention ...
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Singapore's Changi Airport sees double-digit cargo surge in May
Singapore's Changi Airport saw strong year-on-year in May with an increase of 12.6% to 177,340 tonnes.A spokesperson for the Asian hub said: "Cargo shipments increased by double digits for the second month this year, with improvements broad-based across exports, imports and transhipments."With stable recovery of industrial activity in the US, ...
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Air France KLM: Dancing to a new beat
Air France KLM Martinair (AF-KLMP) Cargo has finished its freighter diet and is now ready to “rock ‘n’ roll” after investing in IT systems and terminals.Marcel de Nooijer was appointed executive vice president of the Franco-Dutch airline’s cargo arm in December 2016. He is a personable Dutchman who wants to ...
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Regulatory headache for European road feeder operators
European Commission regulations on drivers’ pay and rest breaks are causing significant cost and network capacity problems for air cargo’s road feeder services (RFS) sector, say two major truck operators.The regulations mean that drivers resting overnight in certain European Union (EU) countries have to stay in a hotel rather than ...
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Delta continues to expand partnerships with Korean tie-up
Delta Air Lines has announced another partnership - signing a new deal with Korean Air covering the transpacific trade - as it looks to continue to expand its network.The two airlines said the joint venture agreement, which includes belly cargo, will create a combined network serving more than 290 destinations ...
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CEVA adds to growing rail links from China to Europe
Another new rail link from China to Europe has opened, with CEVA Logistics launching a service from Shilong in southern China's Guangdong province to Hamburg in Germany.In conjunction with the Chinese state railway company, the new regular block trains will route Shilong, Manzhouli (China), Zabakalsky (Russia), Brest (Belarus), Malaszewicze (Poland) ...
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Airfreight rates continue to climb in May
Airfreight rates continued to track ahead of last year’s levels in May, although there was a decline compared with April levels.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average all-in airfreight buy rate across 21 major east-west routes increased by 5.3% year on ...
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NewsEuropean cargo monthly: Demand growth picks up in May
Major European airlines saw cargo growth pick up again in May following on from a slight slowdown in April.The latest freight figures from Air France KLM, Finnair, IAG and Lufthansa also show an improvement in year-on-year percent growth compared with the level achieved in April.At Lufthansa Cargo there was a ...
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Asian airlines see cargo demand rise but focus remains on profitability
Airlines based in the Asia Pacific region enjoyed "robust growth" in air cargo volumes in May, according to the latest statistics from the Association of Asia Pacific Airlines (AAPA).Figures from the association show air cargo demand in freight tonne km terms increased by 12.2% year on year in May, reflecting ...
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CEVA adds Myanmar office as part of regional expansion
CEVA Logistics has opened its office in Myanmar's capital, Yangon, as part of its strategic expansion in the emerging Mekong markets.For the last five years, CEVA has been operational in the country through a network partner, providing freight management services to a number of multinational and local customers.But earlier this ...
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NewsAirport cargo demand continues to grow in April
Airfreight volumes at airports continued to increase during April, following a more “subdued period of growth” in 2016.The latest figures from industry body Airports Council International (ACI) show that cargo demand improved by 6% year on year during April (see chart at end of article).The fastest growing region in April ...
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Bedek and Haite to develop B737NG freighter conversions
Israel’s Bedek Aviation Group has signed a partnership agreement to co-develop a conversion programme for Boeing 737NG passenger aircraft into freighters.The collaboration, announced at 2017 Paris Air Show, sees the subsidiary of Israel Aerospace Industries (IAI) partner with China’s Haite Group, through the latter's Tianjin Aircraft Engineering Co arm.Bedek and ...
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Turkish Cargo launches freighter flights to Paris
Turkish Cargo has launched weekly scheduled Airbus A310 freighter flight between Istanbul and French hub Charles de Gaulle (CDG) airport. The flight schedule may be revised, based on permits.Automobile, aircraft and aircraft engines, as well as pharmaceutical products and plastic raw materials are the top-ranking items in the exports from ...
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GECAS plans to convert a further 30 B737-800s into freighters
GE Capital Aviation Services (GECAS) is planning to convert a further 30 Boeing 737-800s into freighters.GECAS launched the 737-800 freighter programme with Aeronautical Engineers (AEI) in 2015 and Boeing in 2016. Since then GECAS has provided each programme with a prototype aircraft for modification at separate conversion facilities in Miami ...
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David Geer appointed managing director of Virgin Atlantic Cargo
David Geer has been appointed the new managing director of Virgin Atlantic Cargo.Geer succeeds John Lloyd who officially steps down in August after announcing in May this year his decision to leave the airline after 30 years. Lloyd has headed Virgin Atlantic’s cargo division since 2000.Geer joined Virgin Atlantic in ...
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Menen joins EFL as independent director
Logistics firm Expofreight (EFL) has announced the appointment of three supply chain and airfreight veterans as independent directors as part of efforts to add international expertise to its management. The company said that Ram Menen, Stephen Dearnley and Mike Sherman have joined as independent directors to the board, led by ...
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FedEx reports record Q4 performance
FedEx has reported record fiscal fourth quarter results thanks to its acquisition of TNT, higher base rates and increased package volume.The express giant saw fiscal fourth-quarter revenues increase by 20.7% year on year to $15.7bn, its operating income for the period was up 4.6% to $1.5bn and net income increased ...
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Leadership changes at Pilot Freight Services
Logistics firm Pilot Freight Services has appointed Gordon Branov as its new chief executive while current incumbent Richard Phillips moves up to the role of chairman.Branov is currently chief operating officer and has worked for the company for 20 years. Meanwhile, John Hill, who is currently chief commercial officer and ...
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West Atlantic to lease four B737-800 converted freighters from GECAS
Swedish mail and express cargo carrier West Atlantic Airlines is to lease four Boeing 737-800 freighters from GE Capital Aviation Services (GECAS), making it the first operator to take delivery of the Boeing standard-body converted freighter.GECAS launched the programme and provided the prototype aircraft to Boeing in 2016.The first aircraft ...