Latest news – Page 775
-
News
So near and yet so far: airfreight industry misses e-AWB target
As expected, the air cargo industry fell short of meeting IATA’s end of year target for e-air waybill (e-AWB) market penetration, but the organisation remains optimistic about prospects for 2016.IATA today announced that the airfreight industry managed to achieve an e-AWB penetration of 36.4%, short of its 45% target for ...
-
News
RiverOak applies for Manston airport reopening
US hedge fund RiverOak has made a pre-application inquiry to UK planning inspectors for a Development Consent Order (DCO) to reopen Manston airport in the south-east of the country, primarily as a freight gateway.The UK's Planning inspectorate confirmed that it had received a pre-application inquiry from RiverOak in early January. ...
-
News
Panalpina launches research into 3D printing and the supply chain
Logistics giant Panalpina and Cardiff Business School at Cardiff University are expanding their research partnership to include new manufacturing technologies such as 3D printing.The aim is to help Panalpina’s customers identify the right products that could be switched from traditional to new, ‘additive manufacturing’ techniques which include 3D printing.The use ...
-
News
Hong Kong's Hactl links up with local inland terminal operator
Hong Kong-based airport ground handling group Hactl is developing logistics links around the world’s number one airfreight hub after signing a memorandam of understanding (MoU) with Chu Kong Shipping Enterprises (CKS), a local ferry and inland terminal operator.Hactl Development Holdings Ltd (HDHL) – the business development arm of the Hactl ...
-
News
WFS scoops Japan Airlines JFK handling contract
Ground handler Worldwide Flight Services (WFS) has won its first-ever contract with Japan Airlines.WFS has been awarded a cargo handling contract by the airline at New York’s JFK International Airport to manage Japan Airlines’ twice-daily Boeing 777 and 787 services to Tokyo.WFS expect to handle over 15m kilos of cargo ...
-
NewsIATA tells air cargo to adjust to "new normal" of lower growth
IATA has told the air cargo industry it needs to adjust to the “new normal” of lower demand growth after end of year figures revealed that airfreight growth slowed to just over 2% last year.The airline association reported that air cargo demand increased by 2.2% year on year in 2015, ...
-
News
CEVA serves an ACE in the US with new Customs system link
CEVA Logistics has completed the implementation of a new Customs brokerage system across its US operation.A mandate from US Customs required all forwarders to file their entries using ACE (Automated Commercial Environment) by the end of February 2016. At that time, ACE becomes the primary system through which the trade ...
-
News
UPS posts double-digit operating profit growth after strong peak
UPS posted “positive” fourth quarter results, with double-digit operating profit growth recorded across all three of its segments.The parcel giant announced a 1% increase in fourth-quarter revenues to $16bn, although it said performance at a top-line level was restricted by currency translations and lower fuel surcharges.At an operating profit level, ...
-
News
Aramex 2015 revenues up but net profits dip due to staff incentive scheme
Dubai-based logistics operator Aramex saw its 2015 full Year revenues increase by 5% to AED3.8bn, while annual net profits fell by 2% to AED311m, due partly to a company incentive scheme to retain talented staff.Exposure to major currency fluctuations, primarily the Euro, South African Rand and Australian Dollar, had a ...
-
News
Air China Cargo to launch cold chain product this year
Air China Cargo has revealed plans to launch a cold chain product this year and is leasing ULDs from Envirotainer to support its expansion in the temperature controlled market.The fast-growing Asian airline plans to roll out a cold chain product this spring with further network expansion planned in 2016 based ...
-
News
FedEx takeover of TNT edges forward
FedEx’s takeover of TNT has taken another step forward after Brazil’s competition authority gave its go-ahead to the acquisition.The US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica had yesterday unconditionally approved its intended acquisition of TNT Express.“We are very pleased with the unconditional approval from the Brazilian regulatory ...
-
News2015: a year of marginal growth for air cargo
Last year can be summarised as a period of marginal growth for air cargo demand, despite the strong first quarter, according to one analyst.In its monthly market update, analyst WorldACD said that volume increased by a “meagre” 2% during the full year despite starting the year strongly because of strike ...
-
News
SEKO Logistics wins environmental approval
SEKO Logistics has received approval for its latest data update with the SmartWay Transportation Partnership.The Partnership, a collaboration between the US Environmental Protection Agency (EPA) and industry, provides a framework to assess the environmental and energy efficiency of goods moving in supply chains.SEKO chief operating officer US Rick Lee said: ...
-
News
Fiji Airways renews ULD contract with CHEP
Fiji Airways has renewed its ULD management contract with CHEP Aerospace Solutions as it looks to increase its use of lightweight containers.As part of the new contract, CHEP will introduce new lightweight containers from its 80,000 pool of assets to support Fiji Airways in reducing fuel costs and lowering their ...
-
NewsUS airlines see cargo revenues slide
The three major US airlines saw cargo revenues decline last year as volumes slid and lower fuel prices had an effect on takings.The busiest of the airlines in cargo terms was United, which was the only one that managed to record an increase in cargo volumes compared with 2014 levels, ...
-
News
Dünnwald becomes chief executive of DHL Parcel Germany and Europe
Achim Dünnwald is the new chief executive of DHL Parcel, with overall responsibility for the German and European parcel business of Deutsche Post DHL Group.In addition, he will remain responsible for the area of Mobility, which comprises the Postbus and Post Reisen business segments. As chief executive of DHL Parcel, ...
-
News
Dubai International sees 3.4% rise in 2015 cargo volumes
Dubai International Airport (DXB) handled 2,506,092 tonnes of airfreight in 2015, a 3.4% increase on the previous year despite the transfer of all pure cargo operators to Dubai World Central.Monthly freight volumes in December totalled 218,408, up 5% compared to 207,618 recorded during the same month in 2014.The UAE airport ...
-
News
ST Aerospace completes 55% ownership of EFW freighter conversion specialist
Singapore Technologies Aerospace (ST Aerospace) has taken an additional 20% equity interest in Elbe Flugzeugwerke (EFW), the Germany-based passenger to freighter (P2F) conversion arm of plane maker Airbus.The investment, first announced in June 2015, was completed following the receipt of regulatory approvals and "fulfilment of customary conditions precedent".Dresden-based EFW now ...
-
News
Aircraft orders monthly: Iran Air and Gulf Air with busy start to the year
Agreements for 118 new aircraft for Iran AirIran Air has signed an agreement with Airbus for the acquisition of the full range of new Airbus airliners (73 widebodies and 45 single aisle).This includes pilot and maintenance training and support services to help the entry into service and efficient operations of ...
-
News
Ribeiro rejoins CEVA in South America
CEVA Logistics has appointed Nadia Ribeiro to the position of executive vice president and head of the South America cluster.Ribeiro has extensive knowledge of the international freight and logistics market and global experience of many vertical markets in both commercial and operational roles. Ribeiro previously worked for CEVA for 13 ...