Latest news – Page 769
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NewsForwarder CEVA narrows losses while revenues slide
Freight forwarder CEVA saw revenues decline last year, while earnings before interest, tax, depreciation and amortisation (ebitda) increased and net losses narrowed.The European forwarder saw revenues decline by 11.5% year on year to $7bn on the back of currency effects. With exchange rate differences stripped out of the result, revenues ...
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No more horsing around: Qatar to fly 118 show jumping and dressage horses
Qatar Airways Cargo will this week transport 118 show jumping and dressage horses from Liege to Doha to take part in the CHI Al Shaqab international equine event.Three chartered Boeing 777 freighters equipped with air stables will carry the horses and a team of almost 90 vets and grooms to ...
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Management appointments for Shipco Airfreight, Asia
Shipco Airfreight, a neutral wholesaler and consolidator, has strengthened its management team after opening a further two airfreight offices in Asia.Dennis Bey has been appointed as general manager airfreight, north east Asia. Bey, who has been living in Shanghai for seven years, comes to Shipco Airfreight from Fiege, where he ...
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Qatar Airways' cargo tonnages soar by 37.5% in 2015
Qatar Airways Cargo saw a 37.5% surge in tonnages during full year 2015, citing a combination of “fleet and network expansion, creative interline agreements and by deploying capacity on expanding or untapped markets”.The Doha-hubbed airline increased its cargo volumes from 1,104,000 tonnes in 2014 to 1,520,000 tonnes in 2015.The combination ...
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Etihad’s horse sense with B777 freighter fleet additions
Abu Dhabi-based Etihad Cargo has taken delivery of a new Boeing 777 freighter, with a second such aircraft due to arrive in March.Both freighters, with a combined list price value of $637m, will come equipped with nine seats, allowing the Middle East airline to carry additional grooms as part of ...
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Mumford takes on BACA chairmanship
Richard Mumford, head of aviation at leading national law firm Stevens and Bolton, has been appointed the new chairman of the Baltic Air Charter Association (BACA).Mumford succeeds Tony Coe, who served as chairman for three years. He formally begins the role on March 17. Volker Meissner will continue to serve ...
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NewsPanalpina sees airfreight demand slide on automotive and oil weakness
Lower demand in the oil and gas and automotive industries caused a decline in Panalpina’s airfreight tonnage last year, while overall revenues took a dive but net profits increased.The Switzerland-based forwarder recorded a 12.7% year-on-year decline in revenues in 2015 to Sfr5.8bn, earnings before interest and tax (ebit) crept up ...
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Boardroom reshuffle at West Atlantic
A major boardroom reshuffle has taken place at Sweden’s West Atlantic, the Gothenburg-based freighter lessor and operator.The carrier said that the decision, which saw five board members resign, came after the shelving of a project to “explore the possibility of a listing of the shares on Nasdaq Stockholm”.West Atlantic added: ...
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India and Europe the bright spots in difficult start to the year
Worldwide air cargo demand started the year slowly with only a slight increase in volumes recorded, but there was better news from Europe and India.In its monthly market analysis, WorldACD said there was “little to cheer” in January as global air cargo volumes increased by just 0.3% compared with a ...
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India develops new aviation policy as it gears-up for 'Make in India' campaign
India’s air cargo throughput is expected to more than double over the next 15 years as the government implements several supply chain improvements as part of its ‘Make in India’ campaign.Speaking at the Air Cargo India event in Mumbai, Renu Singh Parmar, senior adviser at the Ministry of Civil Aviation ...
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Chris Buckerfield: A well-known airfreight personality
Air Cargo News is sad to report the death of Chris Buckerfield, a well-know airfreight figure who enjoyed senior roles with Seaboard, Emery Worldwide and Air Express International.Buckerfield finally lost a long battle with illness, with his family at his side. Since his passing, the family has received well over ...
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Visitors experience Frankfurt's pharma focus
Air Cargo Community Frankfurt has held a pharma-focused event at Europe's top airfreight hub for BVL International, the German Logistics Association in the Rhein-Main region.There were 80 participants at the ‘visit FRA pharma’ event who received an update on current trends and developments in logistics, including the transport of pharmaceutical ...
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Air Charter Service expands to Australia
Air Charter Service has opened a new office in Sydney, Australia, the company’s first operation in the continent.Air Charter Service commercial director Justin Lancaster said: “Our Hong Kong office has built up a strong customer base in the region over the past few years and we felt now was the ...
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Panalpina: No plans to participate in consolidation amongst larger forwarders
Panalpina is expecting consolidation among larger players in the freight forwarding industry to continue but has no plans to participate as it concentrates on implementing its new IT system.Speaking shortly after announcing its full-year results, Panalpina chief executive Peter Ulber ruled out the chance of Panalpina participating in “high risk” ...
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Weak start to the year for Asia Pacific carriers
Asia Pacific carriers recorded a muted Chinese New Year air cargo demand surge in January as soft market conditions persisted.The latest figures from the Association of Asia Pacific Airlines showed that cargo demand in January declined by 0.7% year on year to 5.1bn freight tonne km.Meanwhile, capacity for the period ...
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Aircraft orders monthly: Okay Airways and Philippine Airlines tie up deals
Okay Airways announces commitment for 12 B737sOkay Airways has announced a commitment for 12 737s, including eight MAX 8s, three 737 MAX 9s and one Next-Generation 737-900ER (Extended Range) airplane.The agreement, valued at $1.3bn at current list prices, is subject to the approval of the Chinese government and will be ...
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ICAO clarifies on new lithium-ion battery restrictions
ICAO has issued “additional clarifications” on new lithium-ion battery shipment restrictions as cargo on passenger aircraft, which the UN aviation agency announced last week.The 36-state ICAO Governing Council adopted a new aviation safety measure which prohibits, on an interim basis from April 2016, all shipments of Lithium-ion batteries as cargo ...
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NewsPanalpina to get new chief executive as Ulber moves up to chairman
Freight forwarder Panalpina will get a new chief executive as current incumbent Peter Ulber moves up to the role of chairman.Ulber, who is 56-years-old and took up the chief executive role in 2013, will succeed 72-year-old Rudolf Hug as chairman as he leaves the position due to age limitations in ...
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Dachser USA Air & Sea Logistics looks to expand
The US arm of German forwarding group Dachser is looking for further expansion that saw a 16% surge in gross revenue to $192m in 2014 and a 23% rise in airfreight volumes to 22,000 tonnes.Frank Guenzerodt, president and chief executive of Dachser USA Air & Sea Logistics, said that the ...
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ALPA responds to ICAO decision on lithium-ion batteries
North American pilots have called for stricter regulations covering bulk shipments of lithium-metal and lithium-ion batteries on cargo aircraft.While the US-based Air Line Pilots Association (ALPA) welcomed the International Civil Aviation Organization (ICAO) decision to adopt a temporary ban on the shipment of lithium-ion batteries as cargo on passenger aircraft, ...