Latest news – Page 733
-
News
Air cargo demand on the up in June
Air cargo volume growth improved in June as demand at European airlines remained strong and there was a pick-up for Asia Pacific carriers.Analyst WorldACD said that, after a poor start to the year, worldwide chargeable weight improved by 2.7% year on year in June.WorldACD said that the uptick was caused ...
-
News
May was not such a merry month for air cargo
May was another month of “disappointment” for air cargo as demand growth was “limited to 0.5%”, according to WorldACD.The analyst said it was hardly surprised by the low growth figure given that “world trade is in a slump”. During the month, volumes originating from North America declined by 4% year ...
-
News
Qatar Airways ups stake in IAG to 20%
Middle East gulf carrier Qatar Airways has increased its shareholding in IAG, the parent group of British Airways and Iberia, to 20.1%, saying that it does not intend to increase its stake further "unless there are material changes to the current situation".This latest move follows a gradual stakebuilding by Qatar ...
-
News
Logwin opens Slovakia office
Freight forwarder Logwin has established a new country setup in Slovakia, including the opening of a new office in the capital, Bratislava.Logwin said the new office moved its closer to its central European customers, with traffic heading to/from Asia and the US set to benefit in particular. Katarina Makova will ...
-
NewsUPS reports revenue increase despite tough airfreight market
UPS’s supply chain and freight division recorded a 13% improvement in revenues during the second quarter of the year despite “weak conditions” in air forwarding.The express giant’s supply chain and freight business saw second-quarter revenues reach $2.5bn compared with 2.2bn last year, largely thanks to the acquisition of Coyote Logistics ...
-
News
Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
-
News
DHL Express opens new Chicago facility
DHL Express has opened a new $1.3m service centre close to Chicago’s Midway International Airport on the back of e-commerce growth.The new 38,000 sq ft facility will be able to process more than 2,500 shipments per hour and is located just north of Midway International.The express firm said the decision ...
-
News
Conversion specialist Bedek eyes potential B777 freighter market
Bedek Aviation Group has 35 years’ experience of passenger to freighter (P2F) conversions, starting with the early Boeing 747-100s, and is already eyeing the prospects for the Boeing 777.The conversion specialist, part of the Israel Aerospace Industries (IAI) giant, has focused on the Seattle-based plane maker’s family of aircraft and ...
-
NewsIAG reports double-digit cargo revenue decline despite demand increase
IAG recorded a double-digit percentage decline in cargo revenues during the second quarter of the year despite an increase in demand during the period.The British Airways, Iberia and Aer Lingus owner this morning announced second-quarter cargo revenues of €241m compared with €274m during the same period last year, representing a ...
-
News
JAL's international cargo revenues plunge 32.6% in the first quarter
Japan Airlines (JAL) recorded a 32.6% year on year drop in international cargo revenues to ¥9.9bn in the three months ended June, due to a decline in demand on transpacific routes and other sectors.The Japanese flag-carrier also recorded a 4.1% year-on-year decrease in cargo volumes, measured in revenue cargo ton ...
-
NewsAir France KLM Cargo remains in the red
Air France KLM’s cargo business remained in the red during the first half of the year but the phasing out of freighters has helped improve performance compared with a year earlier.The Franco-Dutch airline group’s first-half figures for the cargo business show an operating loss of €116m against a loss of ...
-
News
Start-up airline POP hopes to capitalise on new UK-India trade deals
New start-up low cost Indian airline POP is aiming to capitalise on new trade agreements between the UK and India sparked by Britain’s decision to leave the European Union.The new airline, which will donate 51% of profits to social projects, plans to be the first airline to operate non-stop flights ...
-
News
SIA Cargo losses deepen as yields decline
Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline.During its fiscal first quarter ending June 30, SIA Cargo saw revenues decline by S$60m, although it does not reveal total cargo revenues, while its operating result slipped to a loss ...
-
News
Shape of things to come: Panalpina and Shapeways in strategic partnership for 3D printing
Panalpina and US-based 3D printing company Shapeways have entered into a strategic partnership to expand globally their digital manufacturing capabilities.Switzerland-based logistics giant Panalpina sees digital manufacturing and 3D printing specifically as “a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring ...
-
News
DHL to surf US e-commerce boom with $137m investment
Deutsche Post DHL Group (DP-DHL) has announced a $137m investment plan for the US domestic and cross-border e-commerce market.The German-headquartered logistics group said that its objective is to exploit the global business to consumer (B2C) e-commerce market for shipments crossing borders which is expected to grow from $400bn today to ...
-
News
Asian airlines record modest cargo growth in June
Asia Pacific airlines recorded “modest growth” in cargo demand in June for the first time since the start of the year, but concerns for future growth remain.Figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airlines saw cargo volumes increase by 4.1% in June in terms of ...
-
News
Spot the Frankfurt plane-spotter
Plane-spotters worldwide can now rejoice. Frankfurt airport’s famous viewing area has reopened.One of the most popular leisure attractions in the Frankfurt Rhine-Main Region is now once again available for tourists and local residents to enjoy.Right in the middle of the summer season, the Visitors’ Terrace at Frankfurt Airport (FRA) will ...
-
News
LATAM Cargo's Carril and Canales join GSA Force
Former LATAM Cargo executives Alvaro Carril and Pablo Canales have joined GSA Force as partners in the US-based general sales agency (GSA).Joseph Czyzyk, GSA Force board chairman, said: “Having Alvaro and Pablo join GSA Force is a big win for our growing organisation. Their experience in Lan Chile [which became ...
-
News
New owner for Amerijet
Amerijet, the Miami based scheduled freighter operator, has a new owner.H.I.G. Capital, a global private equity investment firm, confirmed that it has sold its portfolio company, Amerijet Holdings, to an affiliate of ZS Fund, a middle market focused private equity firm.Amerijet operates a total fleet of ten freighters, a mix ...
-
News
New chief for Chapman Freeborn’s Polish operation
Chapman Freeborn Airchartering has promoted Radoslaw “Radek” Puchalski to head its business in Poland.Puchalski – who had held the role of charter sales manager at Chapman Freeborn since 2012 – will henceforth oversee the strategic growth of the company’s aircraft chartering and on board courier (OBC) services in Poland, as ...