Latest news – Page 687
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News
United extends tempcontrol network
United Cargo has added Barcelona, Spain and Bordeaux-Merignac, France to its tempcontrol network of certified handling locations. With the addition of Belfast, Northern Ireland, certified late last year, the global tempcontrol network now totals 67 locations, says the carrier.United’s four times per week B767 service between Barcelona and its hub ...
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UK transport institute chooses Robin Proctor as new chief
Robin Proctor is to become the next president of the Chartered Institute of Logistics and Transport (CILT) in the UK, taking over the one-year role from Will Whitehorn on May 12.Proctor has worked in supply chain and e-commerce roles with some of the UK’s biggest retailers, including Sainsbury’s, Iceland, Booker, ...
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Heathrow cargo growth outpaces passengers
Heathrow Airport saw a 3% rise in cargo volumes for full year 2016 to 1.54m tonnes, attributing the rise to a £674m investment in the airport and new services to Jakarta, San Jose, Santiago and Inverness.The increase contributed to a 1.5% increase in earnings for the airport’s operations as a ...
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NewsIAG Cargo hails resilient results in tough conditions
IAG Cargo saw revenues and cargo tonnages decline in last year in what the carrier described as “challenging market conditions”.The cargo division representing British Airways, Aer Lingus and Iberia saw full-year revenues decline by 6.6% year on year in 2016 to €1bn, while tonnes of cargo carried were down 2.9% ...
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Atlas hails historic 2016 and looks forward to the year ahead
Atlas Air Worldwide Holdings has hailed 2016 as a historic year which saw the company's fourth quarter income return to the black, and it is looking forward to further improvements this year.The company recorded a fourth quarter income from continuing operations before taxes of $28.7m, compared with a loss of ...
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Is rail a real challenge to east-west airfreight?
A new rail service between China and Europe could eat into airfreight traffic, suggests a major European freight forwarder.Kuehne + Nagel’s (K+N) recently launched KN Eurasia Express will be aimed at less than container load consignments, particularly customers in automotive, high-tech, and fashion. There will be direct links between its ...
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Carriers to focus on cost and service delivery to combat overcapacity
Carriers need to concentrate on being highly competitive and to be “rabidly focused” on service delivery to combat market overcapacity.Speaking at the Air Cargo Africa event, aviation players outlined how they viewed the current market conditions in terms of supply and demand, and all agreed that in general the market ...
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Seven more years for FedEx US postal contract
FedEx Express has extended its express air transportation contract with the United States Postal Service (USPS), which dates back to April 2013. The agreement is now extended to September 29, 2024.The modified contract is expected to generate around $1.5bn per year for FedEx Express, which will provide domestic US airport-to-airport ...
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Africa looks to the future and e-commerce despite current challenges
The air cargo industry in Africa has a bright future on the back of its growing population, youthful demographic and rising e-commerce demand, but infrastructure and regulatory challenges remain.Delegates at the Air Cargo Africa event painted a bleak picture of the African market at present, with droughts, the weakness of ...
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Airlines heartened by Hong Kong cargo policy boost
Hong Kong's financial secretary, Paul Chan, has outlined plans to encourage air cargo development in his budget strategy for the Special Administrative Region (SAR).The announcement was welcomed local carriers Cathay Pacific and Cathay Dragon (formerly Dragonair).In his wide-ranging budget, Chan said that the Hong Kong SAR government will examine measures ...
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Qantas Freight profits in rapid descent
Qantas Freight reported underlying earnings before interest down 29% in the second half of 2016. They fell by A$11m to A$27m in the six months to end of December.The Australian carrier said that freight conditions “remain challenging worldwide”, although “there are signs of stabilisation” with Qantas Freight well-placed to meet ...
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New deal could cut trade red tape
The global airfreight industry has welcomed a new international deal saying that it could, if fully implemented, cut costs and delays in international trade. However, some question whether it will be fully realised, given the rise in protectionist sentiment in many countries.The International Air Transport Association (IATA) applauded the World ...
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Hactl gains CEIV certificate
Hong Kong Air Cargo Terminals Limited (Hactl) has become the first handler in the Territory to gain full IATA CEIV Pharma certification. It is the result of an initiative sponsored by the airport authority, in which all relevant industry players undergo validation for the standard.IATA CEIV Pharma represents a co-ordinated ...
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ACS to the rescue in Arctic emergency
Air Charter Service swung into action when a passenger aircraft became stranded on the edges of the Arctic Circle.A Swiss Airlines Boeing 777-300ER had been en route from Zurich to Los Angeles when it developed an engine fault over the far north of Canada.It made a smooth emergency landing at ...
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Dimerco reorganises for future growth
Taiwan-based freight-forwarder Dimerco Express announced a number of internal appointments at its annual management meeting on 10 February, including relocating key staff to develop opportunities in the buoyant North America and Europe regions.Paul Lee becomes chief commercial officer, while Joey Chou was appointed corporate vice president, business development. Andy Hsu ...
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Drewry price index in lowest monthly margin decline since 2012
Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since it started in 2012, suggesting greater stability in the market, said the analyst’s Sea & Air Shipper Insight.While Drewry expects to see a decline between December and January, the reduction was less than in previous ...
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December airfreight prices remain ahead of 2015 levels
Airfreight prices continued to track ahead of the year-ago level in December, despite a seasonal drop-off in prices.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average buy rate across 21 major east-west routes reached $3.14 per kg in December.December was only the second ...
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NewsAir cargo "outperformed forecasts" in 2016
Air cargo traffic growth “outperformed forecasts” in 2016 after ending the year with a demand surge.The latest figures from IATA show that air cargo traffic measured in freight tonne km (FTK) terms increased by 3.8% year on year in 2016.IATA said this was more than double the average growth rate ...
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Air cargo has best quarterly performance since 2010
WorldACD has hailed the final three months of 2016 as the best quarter for air cargo since 2010.The analyst said that demand during the final quarter of last year in weight terms increased by 7.5% year on year, helped by a 9.4% improvement in December.“Contrary to previous years, the origins ...
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Not a job for the down-to-earth
Is your boss a high-flyer – in both senses of the word? He could well be, say researchers at Canada’s McGill University.Jingjing Zhang, assistant professor of accounting at Desautels School of Management claims that there is a link between chief executives who search for exciting yet risky experiences – such ...