Latest news – Page 732
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News
Tough second quarter for Expeditors
US forwarder Expeditors endured a difficult second quarter as revenues and profits both declined, while airfreight revenues were also behind last year.The world’s fifth largest airfreight forwarder reported a 13% year-on-year decline in second-quarter revenues to $1.5bn, while operating profit was down 2% to $179m and net earnings attributable to ...
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Miami Airport hosts e-AWB workshop as part of digitisation drive
Miami International Airport (MIA) hosted an electronic air waybill (e-AWB) workshop on August 2 for nearly 180 local cargo shippers and airline representatives, to encourage the use of digital processes.At the workshop, representatives from the Miami-Dade Aviation Department, IATA’s Cargo Network Services, American Airlines, the Florida Customs Brokers and Freight ...
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NewsFirst half cargo demand up at IAG and Finnair but down for Lufthansa and AF KLM
Major European airlines’ cargo divisions have had a mixed first half of the year, with Air France KLM and Lufthansa recording demand declines while increases were registered for IAG Cargo and Finnair.The monthly statistics released by airlines has revealed that at the half way point of 2016, Europe’s largest cargo ...
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Emirates update on flight delays and cancellations
Operations at Dubai International Airport resumed on Wednesday at 1830 local time following the crash landing of a Boeing 777 passenger aircraft belonging to the airline at the Middle East hub.More information on Emirates flights will be available on the Emirates website and social media channels.All 282 passengers and 18 ...
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Airfreight demand on the increase but still outpaced by capacity rise
Global airfreight demand in June saw a 4.3% year-on-year rise in freight tonne km (FTK), the fastest pace of growth in 14 months.However, freight capacity measured in available freight tonne km (AFTKs) increased by 4.9% year-on-year, keeping yields under downward pressure.According to the latest monthly market analysis by airline association ...
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Update: Dubai International flights suspended following crash landing
Dubai Airports has confirmed that all operations (arrivals and departures) at Dubai International have been suspended until further notice following crash landing of Emirates airline flight EK521 this morning.In a statement, Emirates said that all 282 passengers and 18 crew on board the Boeing 777 aircraft are “accounted for and ...
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3D printing, a supply chain challenge
Panalpina's strategic partnership with 3D printing specialist Shapeways is one more step in a march towards digital manufacturing that will challenge supply chain suppliers, including air cargo.In May this year, software company SAP signed an agreement with UPS to collaborate to transform the ad hoc world of industrial 3D printing ...
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Airfreight rates pick up in June thanks to increases in fuel prices
Airfreight rates reached their highest level in seven months in June following on from improved demand performance for the month and higher fuel prices.The latest airfreight figures from Drewry’s Shipper Insight Report show that prices climbed to $2.75 per kg in June from $2.61 in May to reach their highest ...
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Revenues down but operating profit surges for DP-DHL's forwarding arm
Deutsche Post DHL Group’s (DP-DHL) freight forwarding arm saw 2016 second quarter revenues fall by 9.3% to €3.4bn, versus €3.8 in like prior year period 2015, while divisional operating profit improved by 72.5% to €69m.Adjusted for negative currency effects and lower fuel surcharges, the Global Forwarding, Freight division’s revenue declined ...
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DHL spurs Cambodian trade with Phnom Penh-Bangkok B737 freighter
DHL Express has launched a Boeing 737-400 freighter service between Phnom Penh in Cambodia and Bangkok in Thailand, one of the global logistics operator’s hubs in Asia Pacific.This 19 tonnes capacity express freighter service, operated five times a week by Thailand’s K-Mile Air, adds to the existing DHL Express flights ...
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Priority Freight adds new German airfreight department
Priority Freight has set up a new, dedicated emergency airfreight department at its office in Willich, Germany in order to enhance operations in central Europe.The department is located less than 25km from Düsseldorf International Airport and will offer the time critical logistics firm's latest IT system.Priority Freight group managing director ...
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Hong Kong's AAT launches RFID tags for pre-packed cargo
Hong Kong’s Asia Airfreight Terminal (AAT) has introduced Radio-Frequency Identification (RFID) unit load device (ULD) tags for pre-packed cargo.The new technology will speed up the cargo acceptance process by 45 seconds per shipment, said AAT, which claimed that it is the first terminal operator to use such RFID technology for ...
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NewsLufthansa's cargo business remains in the red
Lufthansa’s cargo division recorded its fifth quarterly operating loss in a row as competition on global airfreight markets remained “intense”.The German airline group’s logistics business, which includes Lufthansa Cargo, ULD specialist Jettainer and its other investments, recorded a 16.4% year-on-year decline in second-quarter revenues to €496m.Earnings before interest and tax ...
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Fraport launches new cargo user forum
Fraport has held the first meeting of the newly launched CargoCity User Committee at Frankfurt Airport.The new forum will meet annually with the goal of promoting exchange and close dialog between all users of Frankfurt Airport’s CargoCity North and South.Dirk Schusdziara, head of freight at Fraport, said: “In order to ...
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FIATA World Congress 2016 confirms new speakers for Dublin event
International freight forwarders’ association FIATA has announced an updated speaker programme for its World Congress 2016, to be held in Dublin, Ireland, from October 3-8.Over 30 speakers will share their ideas and opinions on topics of global relevance affecting freight transport, logistics and international trade.Keynote speakers on the opening day ...
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Lufthansa Cargo's Mörtl joins time:matters
Christian Mörtl has been appointed managing director, operations & finance, at time critical logistics firm time:matters with immediate effect.The appointment follows the news last week that Lufthansa Cargo has applied to purchase all the shares of time:matters with a decision from the German competition authority on whether to approve the ...
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NewsHalf year cargo gains for American and United but declines at Delta
American Airlines and United Airlines both managed to record slight increases in cargo demand during the first half of the year despite declines for the overall North American market.United Airlines – the largest cargo carrier of the three major US airlines – saw cargo demand increase by 0.5% over the ...
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Olympian horses take freighter to Rio
The first group of Olympic horses has departed from London Stansted airport on a Emirates SkyCargo Boeing 777F bound for Rio 2016.With 34 horses from 10 nations on board, the equine cargo worth multiple millions, was loaded into customised pallets for the almost 12-hour flight aboard.Eventing horses from Great Britain, ...
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NewsPelican grows in Korea and Germany
Pelican BioThermal, the temperature-controlled packaging company, has expanded its operations in response to worldwide demand.The company, which serves the life sciences and pharma industries, has added offices in South Korea and Germany to support Pelican BioThermal’s global customers.Products offered and supported include parcel and bulk size temperature controlled shippers, designed ...
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Qatar investment arm takes stake in St.Petersburg's Pulkovo airport
Fraport Frankfurt Airport Services Worldwide (Fraport) and its consortium partners at Russia’s Pulkovo Airport in St. Petersburg are to sell part of their shares in Thalita Trading to Qatar Investment Authority (QIA).Thalita is the parent company of Northern Capital Gateway consortium which has the 30-year concession for operating Pulkovo Airport ...