Latest news – Page 793
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News
WFS completes Frankfurt cargo handler deal
Worldwide Flight Services (WFS) has completed its acquisition of a 51% shareholding in Fraport Cargo Services (FCS) for airfreight handling at Frankfurt Airport, the 2014 number one European airfreight hub at 2.2m tonnes.Air cargo handler WFS, with annual revenues of €750m, signed an agreement with FCS parent Fraport in July ...
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Logistics in the driving seat for M&A deals
Logistics companies remained a “significant driver” of merger and acquisition (M&A) activity in the 2015 third quarter, and financial advisors PwC expects that trend to continue.In its latest logistics and transportation analysis, PwC said that as more companies make the decision to outsource logistics services and turn to third-party suppliers, ...
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Geodis completes OHL takeover
French global forwarder Geodis has received regulatory approval to complete its acquisition of US-based OHL (Ozburn-Hessey Logistics) based in Nashville, Tennessee.Terms of the deal, announced in August, were not disclosed, but OHL is one of the leading third party logistics (3PL) companies in the US, with annual revenue in excess ...
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CEVA Logistics: Leaner and fitter
CEVA Logistics had an interesting birth, starting life in 2007 as a merger between the logistics business of TNT and brash American-based forwarder EGL.CEVA’s owners, Apollo Manage-ment, a US private equity firm, famously bought the latter in the teeth of opposition from EGL’s founder, Jim Crane.It seemed an odd match. ...
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Heathrow's £180m blueprint for cargo growth
UK exporters are set to benefit from the doubling of cargo volumes at Heathrow as part of a 15 year vision to invest around £180m in “revolutionising” the UK hub’s airfreight facilities, including a new pharma storage area.The blueprint plans were developed with key stakeholders and announced by Heathrow chief ...
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Welcome to our new-look website
Air Cargo News has a new-look website that adds sharper design and extra search engine functionality to the online presence of the world's best read airfreight publication.The cleaner layout provides an instant overview of the breaking news in a busy, global airfreight industry, as well as the ability to drill ...
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My Opinion Nabil Sultan
Nabil Sultan, Divisional senior vice president–cargo of Emirates SkyCargoOn whether the carrier will place further freighter orders“At the moment all our freighters have been delivered, but we are looking at our options now on the next leap of capacity and how we want to acquire it. A decision will probably ...
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Emirates dons special livery to help endangered species
Two Emirates A380 jets take to the skies this week, wearing special livery in support of United for Wildlife, a global collaboration that unites the efforts of the world’s leading wildlife charities in the fight against the illegal wildlife trade.The livery, featuring some of the planet’s wildlife threatened by poaching ...
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European forwarders upbeat on airfreight volumes
Danske Bank’s monthly European Freight Forwarding Index for October indicates higher volumes compared with two months ago.The current airfreight index of 54 – a measure of European freight forwarder market sentiment – is set against expectations of 57 for November, thus suggesting higher volumes in two months.The index by the ...
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DHL writes off €345m as it abandons troubled IT project
Deutsche Post DHL has lowered its operating profit guidance for the year after deciding to abandon the implementation of its troubled freight forwarding IT platform in favour of a different system.The German express and logistics giant said it would write off €345m and lower its 2015 earnings before interest and ...
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Demand picks up pace for Asian airlines in September
Asian airlines saw air cargo volumes begin to pick up in September ahead of the peak season, but continued to report declining airfreight load factors.The latest monthly figures from the region’s leading airlines show that five of the seven carriers that provide monthly figures saw utilisation levels decrease compared with ...
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Global competiveness gong for Volga-Dnepr
Volga-Dnepr Group has won the Global Competitiveness award at the XI Annual Big Business Forum: “Who Creates Russia’s Economy”, organised by Expert RA, the leading Russian rating agency.The awards ceremony in Moscow was based on the results of Expert RA’s annual analysis of Russia's Top Companies which, for the first ...
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FedEx predicts record seasonal shipments surge
FedEx predicts that it will move a record-breaking 317m shipments globally between Black Friday (November 27) and Christmas Eve (December 24). This forecast marks a 12.4% increase in year-over-year seasonal volume.The season is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two ...
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Cargolux responds to pilots union call for a strike ballot
European all-freighter airline Cargolux has given a detailed response to the call for an industrial action ballot by flight crew employees who are members of the LCGB pilots union.In a statement, Luxembourg-based Cargolux said that negotiations are still ongoing with the LCGB and a second pilots union, OGBL. Airline management ...
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Air cargo market improves in September
Air cargo traffic and yields continued to pick up in September following on from the general malaise experienced over the second quarter.The latest data from analyst WorldACD show that volumes increased by 1.9% year on year in September while yields picked up by 0.4% on a month earlier.This was the ...
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Back to the 70s for Qantas fund raising
Australians have helped Qantas raise more than $114,000 for the Western Queensland Drought Appeal, funding the coordination and distribution of much needed drought relief across the Longreach region.Qantas operated a one-off charity flight from Sydney to the Qantas Founders Museum in Longreach, using its ‘Retro Roo’ aircraft in 70s livery. ...
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FedEx and TNT extend share acceptance period until January 2016
FedEx and TNT Express have extended the public offer acceptance period for all the issued and outstanding ordinary shares in the capital of TNT Express until January 8, 2016.US parcel giant FedEx’s proposed $4.8bn takeover of the Netherlands-based TNT Express is now unlikely to be opposed by European Commission regulators ...
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The belly freighter
CAN airlines be persuaded to look at freighters in a different way – to see them not as providing extra maindeck lift, but as supplemental belly capacity?That is in essence the pitch that the Eolia Group is making with its new LCF Conversions programme – LCF standing for ‘Low Cost ...
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Online meeting tool for TIACA's Air Cargo Forum in Paris
TIACA is launching a dedicated on-line one-to-one meeting tool called CargoLinX for its Air Cargo Forum (ACF) and Exhibition, which takes place from 26-28 October 2016 in Paris, France.The speed networking tool will allow visitors to schedule up to thirty 25-minute meetings with 45 leading global air cargo companies, weeks ...
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FedEx added to AMI's Quick2Ship
Air Menzies International (AMI) has added FedEx as a carrier to its Quick2Ship door-to-door express product, which has operated in the US since 2011.The extension of the program to include FedEx brings new destinations, additional frequencies and extra capabilities to Quick2Ship’s existing global coverage, said AMI, the trade-only airfreight and ...