Latest news – Page 773
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News
UPS nominates Abney as chairman of the board
The UPS board of directors has nominated chief executive David Abney as its new chairman following on from current incumbent Scott Davis’ decision to retire from the role.The board of directors also created a new lead independent director position, and appointed William Johnson, former chief executive of HJ Heinz, to ...
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Barnes heads back to the UK for new role at Crane Worldwide
Crane Worldwide Logistics has appointed Andrew Barnes as head of country sales for the United Kingdom.Barnes has been working for Crane Worldwide Logistics for the last seven years and previously opened the forwarder's operations in Jakarta.Prior to working with Crane Worldwide, he worked for Panalpina and Kuehne+Nagel in China, Hong ...
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TNT returns to the black in the fourth quarter
Express delivery firm TNT returned to the black during the fourth quarter of last year on the back of revenue growth and cost cutting measures.The Amsterdam-headquartered company, which is the process of being taken over by FedEx, reported fourth-quarter revenues of €1.9bn, up 4.1% compared with the same period in ...
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US-Cuba to sign air services agreement
A bilateral agreement between the US and Cuba will be signed today, re-establishing scheduled air services between the two countries after more than 50 years.US Department of Transportation (DoT) Secretary Anthony Foxx and Assistant Secretary of State for Economic and Business Affairs Charles Rivkin will travel to Cuban capital Havana ...
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Queuing for Cuba: US airlines eye services as relations restored
US airlines are eyeing the launch of new services to Cuba following the thawing of relations between the two countries.Yesterday at midnight, the diplomatic missions in Cuba and the US became full embassies for the first time since diplomatic relations were severed in 1961.However, the trade embargo stopping US companies ...
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Toll records revenue and operating income declines
Freight forwarder Toll has seen revenues and operating profits decline since its takeover by Japan Post last year.The Japan Post Group, which is reportedly interested in the purchase of DHL Global Forwarding, released its results for the nine month period until the end of December.Its international logistics business, which is ...
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Cargo partly to blame for low profitability at Asian carriers
Cargo is one of the main reasons carriers based in Asia continue to suffer from lower profitability levels than competitors from most other regions of the world.Speaking at the Singapore Airshow Aviation Summit, IATA chief executive and chairman Tony Tyler said the overall airline industry was expected to return profits ...
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CSafe launches CATS container tracking system
Temperature-controlled container supplier CSafe Global has launched its Container Automated Tracking System (CATS) to provide customers with detailed, real-time, active-container information.CATS allows container lessees to manage and oversee their RKN (insulated container) inventory from their desks and gives authorised users unlimited access to RKN log file decryption and charts at ...
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NewsMarket Talk: Deutsche Post considers future for DHL Global Forwarding, says Reuters
DHL Global Forwarding may be sold or spun off by German parent group Deutsche Post, with Japan Post Holdings a possible buyer, claims news agency Reuters, citing "two people familiar with the matter".Deutsche Post and Japan Post, which owns top-20 forwarder Toll Global Forwarding, both declined to comment.According to Reuters, ...
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CargoLogicAir's launch customer named as Chapman Freeborn
CargoLogicAir (CLA) has revealed that the charter flights it carried out earlier this year were arranged by Chapman Freeborn Italia on behalf of freight forwarder Savino del Bene.CLA’s first charter flights flew from Stansted to Bari via Frankfurt and carried a total of 113 tons of automotive parts, including engine ...
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World's largest airfreight forwarders lose marketshare in 2015
The world’s largest airfreight forwarders lost airfreight marketshare on their smaller rivals last year, but the top-ten players remained unchanged.Figures from analyst WorldACD show that the world’s top-20 forwarders saw their airfreight marketshare, based on dollar revenues, decline from 44.5% to 43%, while volume share was down from 43% to ...
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Profits up at lessor Air Castle as it continues to reduce freighter fleet
Aircraft lessor Air Castle, which hit the headlines with the lease of an aircraft to CargoLogicAir last year, saw a double-digit increase in profits in 2015 despite revenues remaining flat.AirCastle, which includes 11 freighters in its fleet of 162 aircraft, saw net income for 2015 increase by 20.7% year on ...
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Chinese express airlines looking to continue e-commerce fuelled expansion
Fast expanding Chinese express carriers YTO Express Airlines and SF Airlines have applied to add extra routes from the country’s capital as they look to capitalise on the growing domestic e-commerce market.Recently launched YTO has applied to the Civil Aviation Administration of China to operate a cargo service between its ...
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Air France KLM Cargo picks up CEIV certification
Air France KLM Martinair Cargo has been awarded IATA Centre of Excellence for Independent Validators (CEIV) Pharma certification for its hub operations in Amsterdam and Paris.The airline group said it had decided to meet the standards of the IATA CEIV Pharma programme, rather than the European Union’s Good Distribution Practice ...
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NewsDSV sees airfreight demand grow ahead of market while profits soar
The first of the major European freight forwarders has reported its 2015 full-year results, with DSV recording ahead of market airfreight growth and increases in profits and revenues.The Danish forwarder, which in January received final regulatory clearence for the takeover of UTi, recorded a total revenue increase of 4.7% year ...
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First to market race heats up for A320/321 conversion programme
PACAVI Group and Guangzhou Aircraft Maintenance Engineering Co (GAMECO) said that they are on track in being "first to market" with their joint Airbus A320/A321 passenger-to-freighter (P2F) conversion programme in 2017.They face competition from the joint venture between Singapore Technologies Aerospace (ST Aerospace) and Dresden-based Elbe Flugzeugwerke (EFW) to launch ...
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FAA urges airlines to assess lithium battery risks
The Federal Aviation Administration (FAA) has issued a safety alert to US and foreign commercial passenger and cargo airlines, “urging them to conduct a safety risk assessment to manage the risks” associated with transporting lithium batteries as cargo.The US aviation regulator has also issued guidance to its own inspectors “to ...
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US safety agency NTSB adds to warnings on lithium batteries in freighters
Washington’s two top safety agencies have issued fresh warnings about lithium batteries on board cargo aircraft.The National Transportation Safety Board (NTSB) in the US issued two safety recommendations to “physically separate lithium batteries from other flammable hazardous materials stowed on cargo aircraft” and to establish “maximum loading density requirements” that ...
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NewsEuropean cargo carriers monthly: mixed start to the year for airlines
The start of 2016 has seen a divergence in the air cargo performance of European airlines, with Finnair and IAG both recording demand increases, while Lufthansa and Air France KLM saw demand drop.Possibly the most surprising performance of the four carriers in January came from Finnair, which recorded a double-digit ...
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Frankfurt freight falters in January
Frankfurt airport saw further cargo red ink in January, with a 0.1% fall in cargo volume versus 2015 to 159,650 tonnes, the eleventh monthly decline in a row for Europe's top airfreight hub.The German gateway, which saw a 2.3% fall in total 2015 volumes to just over 2.1m tonnes, registered ...