Latest news – Page 668
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News
Nimble Agility outstrips the market
Kuwait-based logistics firm Agility reported profits up 11.4% to KD14.6 million in the first quarter of 2017, an increase of 11.4% over the same period in 2016.EBITDA earnings were KD30.8 million, up 17.4% increase, while revenue was up 7.3% to KD320.5 million.Growth came from infrastructure companies in emerging markets and ...
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Pain and gain in the supply chain
Today’s supply chain is complex but it can be a way of gaining new customers, said freight forwarder Geodis’ 2017 Supply Chain Worldwide survey.The findings, revealed at the Transport Logistic trade fair in Munich, showed that 70% of the survey’s respondents - 623 professionals in 17 countries - described their ...
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Tough market sends Emirates profits into tailspin
A turbulent year in aviation did not prevent Emirates from posting its 29th consecutive year of profits on 11 May, but it was sharply down on the previous 12 months.The Group reported an AED 2.5 billion (US$ 670 million) profit for the financial year ending 31 March, 70% lower than ...
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Weak margins push Damco into red
Damco, the freight forwarding arm of the AP Moller shipping, energy and transport group, reported a loss of US$8m in the first quarter of 2017. It blamed “significant margin pressure” and higher investments in product development.Revenue was $612m with airfreight and ocean controlled volumes growing by 10% and 11%, respectively. ...
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PostNL provides Netherlands link for AliExpress
The Chinese AliExpress arm of online retailer Alibaba Group has selected PostNL as the delivery partner for most of its packages to the Netherlands. Sellers will get direct access to the PostNL distribution network.AliExpress allows consumers around the world to buy directly from Chinese manufacturers and distributors and it has ...
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IATA's STB Cargo to push on industry transformation
IATA’s recently created Simplifying The Business (STB) Cargo project will aim to push industry transformation in the areas of visibility, processes and booking.Speaking at an Air Cargo Europe conference session, Celine Hourcade, head of cargo transformation at IATA, said STB Cargo had been developed out of the flagship IATA STB ...
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Exports lead Heathrow growth spurt
Export cargo through Heathrow grew 12% in April, with increases of 27% to Latin America and 19% to South Asia -at least twice as fast as volumes to Europe (+11%), said the London airport operator. North America remains Britain’s most important export market from Heathrow, recording healthy 14% growth in ...
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Growth across the board at DHL
Deutsche Post DHL Group increased revenue significantly in the first quarter of 2017 and further improved its operating profit, said the mail and logistics company. Group revenue climbed by more than €1 billion to €14.9 billion.German and international parcel and eCommerce and the global express business all saw substantial growth ...
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US team pushes the boundaries of drone delivery
A Nevada consortium claims to have set a record for the longest urban package delivery in the US. Team Roadrunner flew a fixed-wing unmanned aerial vehicle (UAV) over 97 miles to Austin, Texas controlled by cellphone systems.Launched from a central Texas location, the UAV flew a preplanned route through the ...
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Airbus’ BizLab is buzzing with ideas
Plane-maker Airbus says that 30 start-up companies from its three BizLab schemes in Toulouse, Hamburg and Bangalore have pitched their projects to international investor at a summit in Toulouse.Airbus describes BizLab as an aerospace business accelerator, giving new firms the opportunity to realise their ideas.In parallel, Airbus Bizlab is now ...
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China ponders airline sale and merger
The Chinese government is considering merging and privatising two of its largest state-owned airlines, Air China and China Southern, according to reports by Bloomberg. The news agency adds that potential investors could include Chinese freight forwarder Sinotrans, Cathay Pacific Airways and Chines delivery firm YTO Express.The report also speculates that ...
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Qatar poised to open Doha chill hub
Qatar Airways is to open a transit hub for temperature-controlled shipments at its Doha hub at Hamad International Airport.The carrier, which also announced a new freighter service to London Heathrow at the Air Cargo Europe event in Munich (see story) said the new Climate Control Centre in Doha would be ...
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The Airlander rises again
Hybrid Air Vehicles’ Airlander 10 Airship made a successful flight on 10 May, following its accident last August.The £25m vehicle, described as the world's largest aircraft, sustained cockpit damage in a heavy landing at Cardington Airfield in the UK Midlands on 24 August, just days after making it maiden flight, ...
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New GSSA group promises fresh approach
A new grouping of independent general sales and service agents (GSSAs) has launched to tackle what it says is an “under-served” market and to compete “more effectively” with the major players in the sector.1GSA, led by Select Airline Management founders David Lee and Colin Brett, and Pilot Marketing managing director ...
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CHAMP to smooth Silk Way load planning
CHAMP Cargosystems has signed long term customer Baku-based Silk Way West Airlines to its Weight & Balance load planning solution for its Boeing 747 freighter fleet. This extension by the Baku-based airline to Weight & Balance re-affirms its strong relationship with CHAMP.It said the carrier was searching for a credible ...
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Air cargo pharma demand to grow but challenges ahead
Players in air cargo pharma supply chains should expect volume growth to continue, but there are challenges ahead from ocean freight while shippers will demand increasingly sophisticated solutions.Speaking at the Air Cargo News’ pharmaceutical and life sciences session at Air Cargo Europe in Munich, speakers agreed that demand for air ...
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Flexport to invest in cross-dock facilities
Forwarder Flexport will invest in a network of consolidation facilities as it looks to gain greater control over supply chains.Speaking to Air Cargo News at the Air Cargo Europe event, Flexport chief executive Ryan Petersen revealed that the company had just signed deals for facilities in Hong Kong and Los ...
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IAG Cargo targets small and medium forwarders
IAG Cargo – owner of the British Airways, Iberia brands - says it is increasing its focus on small and medium sized forwarders with a new loyalty programme.FWD.Rewards gives businesses points every time they ship, which can then be converted into commercial flights, hotel stays or cargo credit.IAG Cargo commercial ...
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Jettainer renews Lufthansa deal
One day after it announced a renewed deal with Eithad (story here) outsourced ULD manager Jettainer, said it would continue to handle the management and maintenance of equipment for its parent company, Lufthansa Cargo. The extended contract runs until the end of 2021.Introduction of new lightweight containers to the German ...
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Frankfurt reaches carbon goal four years early
Frankfurt airport operator Fraport says it has met its climate protection targets four years ahead of schedule. Targets set for 2020 were reached in the 2016 business year 2016.Fraport has therefore set itself new targets, for 2030 modeled on the German government’s Climate Action Plan. By then, it is aiming ...