Latest news – Page 731
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News
ATSG sees Q2 revenues jump thanks to Amazon operation
Air Transport Services Group (ATSG) continued to benefit from its new freighter contract with Amazon as both revenues and net earnings increased during the second quarter.The Wilmington, Ohio-based provider of medium wide-body freighter aircraft leasing saw second quarter revenues increase by 19% year on year to $176.5m, while net earnings ...
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UK SFO looks into Airbus dealings
The UK’s Serious Fraud Office (SFO) has begun an investigation into allegations of “fraud, bribery and corruption” at Airbus relating to the European manufacturer’s use of third-party consultants.Airbus Group confirmed that it has been informed by the SFO that it has launched a criminal investigation into its civil aviation business. ...
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Emirates to move to an all-A380 Manchester connection
Emirates has confirmed that it is to move to an all-A380 operation on the service connecting its home hub of Dubai to Manchester.As of January 1 next year, the Boeing 777-300ER link currently flown as the third daily frequency to Manchester will instead be operated by A380, as are already ...
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Cargolux appoints new VP of flight operations after departure of Holt
Cargolux has appointed a new interim executive vice president of flight operations following the announcement that current incumbent Jason Holt has decided to move on to a new opportunity.The Luxembourg airline said that Claude Zehren would take over all duties from Holt with immediate effect."Zehren has been with Cargolux for ...
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DSV confirms further stride towards full UTi integration
DSV has confirmed and added further details to what was announced in the recent press conference revealing the group’s second-quarter results: that the former UTi operation in the US has been fully integrated into the company.A statement explained: “DSV Air & Sea in the USA have completed the office and ...
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TAPA warns of ‘big increase’ in cargo thefts
Cargo crimes in the Europe, Middle East and Africa (EMEA) region continue to grow in frequency, according to the Transported Asset Protection Association’s (TAPA) Incident Information Service (IIS) database.The IIS reveals that there were 598 new freight-related cargo losses recorded in the second quarter of this year, representing a 92.9% ...
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Cargo on the up at Dubai International
Dubai International Airport handled 226,175 tonnes of cargo in June, 3.9% more than in the same month of last year.A total of 1.28 million tonnes of cargo passed through the gateway over the course of the first half of 2016.The operator of Dubai International, the world’s busiest airport in terms ...
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Bolloré to let Heathrow Skyline facility
French logistics giant Bolloré has signed a 15-year lease on an 80,000 sq ft facility adjacent to London Heathrow International Airport.This facility, due to be completed this month (August), forms one part of a development called Skyline that consists of two warehouse units with a footprint of 80,000 and 74,000 ...
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Agility reports on challenging quarter
Supply chain services provider Agility Logistics has reported on its second-quarter financial results, revealing that the group’s revenue fell slightly year on year to 309m Kuwaiti dinars ($1,024m) but that net profit rose by 11% to reach KD15m ($50m).The company’s Global Integrated Logistics (GIL) business, which handles freight forwarding operations, ...
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Lufthansa Cargo adds ‘myAirCargo’ service
Lufthansa Cargo, the freight operation of German’s flag-carrier, has launched its new offering for individual customers sending large goods by air.The myAirCargo service can be booked online, is door-to-door and includes all customs formalities being taken care of by the carrier.It is expected to be particularly useful for sporting equipment ...
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Delta lifts ground stop but warns of continuing delays
UPDATE: Delta Air Lines has said it is beginning to re-start flights after it was forced to make large-scale cancellations this morning as a result of a power outage in Atlanta.The US airline first issued a warning at 5am (eastern seaboard) this morning warning that flights would be delayed.In its ...
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Delta cancels flights as poweroutage hits computer systems
Delta Air Lines has warned its flights are subject to large-scale cancellations today as a result of a power outage in Atlanta.The US airline first issued a warning at 5am (eastern seaboard) this morning warning that flights would be delayed.However, the issue has since escalated. Its latest update said: “A ...
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CBP to make use of IATA’s Cargo-XML messaging standard
IATA has confirmed that its IATA’s Cargo-XML messaging standard is to be used by US Customs and Border Protection (US-CBP) to collect advance data on US export shipments.The new data format will, the association said, make electronic communication between the CBP’s Automated Commercial Environment (ACE) system, airlines and other air ...
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FedEx warns of Shanghai supply chain slowdown ahead of G20 summit
FedEx is warning customers to expect delays to shipments originating in the Shanghai area as the government is ordered factories to close ahead of the G20 Summit.The express giant said in a news bulletin that China had ordered 255 Shanghai-based industrial facilities to shut down ahead of the Summit, running ...
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Astral and Ethiopian outline African expansion plans
African cargo carriers Ethiopian Cargo and Astral Aviation have outlined their ambitious expansion plans as they look to capitalise on the growing marketplace.Speaking at the Africa Air Cargo Summit in Addis Ababa, Astral Aviation chief executive Sanjeev Gadhia said the company hoped to add new Boeing 747 freighters and B737-400F ...
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NewsDSV sees airfreight growth but profits slide as UTi acquisition takes effect
DSV saw double-digit growth in airfreight volumes and gross profits in the second quarter of the year but margins took a hit as the integration of UTi continues to take effect.Announcing its second-quarter results, the Denmark-based logistics company saw revenues increase by 34.1% year on year to DKr17.6bn, while operating ...
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Cargo revenues down at ANA as currency and oversupply hit results
ANA's cargo business recorded a double-digit decline in airfreight revenues during its first fiscal quarter despite an increase in traffic.During its fiscal first quarter ended June 30, the Japanese carrier saw airfreight demand increase 16.2% year on year to 1.1bn freight tonne km, while revenues declined by 23.6% on a ...
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CEVA stays in the red but air volumes grow ahead of market
Logistics company CEVA has reported ahead of market growth in air volumes in the first half of the year while revenues decreased and it remained in the red.The world’s twelfth largest airfreight forwarder saw revenues decline by 7.8% year on year to $3.2bn, while adjusted earnings before interest tax, depreciation ...
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NewsAsian cargo monthly: Airlines see return to growth in June
Asian airlines reported improving airfreight demand in June with Cathay Pacific citing a half-year rush and a surge in exports from the Americas.The largest cargo carrier in the region, Cathay Pacific, saw cargo demand increase by 4.8% year-on-year in June to 876m cargo and mail tonne km (CMT).This is the ...
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Fraport sees cargo growth outstrip passenger
Frankfurt airport operator Fraport recorded an increase in cargo traffic during the second quarter of the year but revenues and profits declined.Europe’s largest freight airport said second quarter cargo demand at Frankfurt increased by 2.3% year on year during the second quarter of the year to 528,712 tonnes and was ...