Latest news – Page 93
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NewsAir Europa Cargo adds capacity to cargo.one
Photo: cargo.oneAir Europa Cargo has placed its capacity on digital air cargo booking platform cargo.one to offer freight forwarders improved access to capacities connecting Europe and the Americas.From late summer, freight forwarders in selected cargo.one markets throughout EMEA and Latin America can book Air Europa Cargo capacity for general cargo, ...
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NewsHong Kong Air Cargo signs MoU with ZTO Express
Photo: Hong Kong Air CargoHong Kong Air Cargo (HKAC) has signed a strategic cooperation memorandum of understanding (MoU) with Chinese logistics company ZTO Express Group to strengthen their partnership in the air cargo sector.ZTO is a major express delivery company in China and one of the largest express delivery companies ...
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NewsModern Logistics targets fleet and network growth
Modern Logistics 737-800BCF. Photo: Modern Logistics Brazilian integrated logistics company Modern Logistics will begin the first phase of its international expansion strategy later this month and has further plans to expand its fleet. As previously announced, the expansion strategy comprises two stages. The initial phase will begin ...
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IndiGo begins new India-China freighter route
IndiGo CarGo has begun operating freighter flights between Kolkata in India and Ezhou in China as it continues to expand its network.The freighter flights between Netaji Subhash Chandra Bose International Airport (CCU) and Ezhou Huahu Airport (EHU) in central China’s Hubei Province will operate three times a week, said Mark ...
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Air Incheon gains support for Asiana cargo bid
Air Incheon's plan to acquire Asiana Airlines’ cargo business is gaining momentum with reports that Hyundai Glovis may invest in a consortium led by the airline.Republic of Korea (ROK)-based logistics company Hyundai Glovis said it is considering an investment after Air Incheon was named as the preferred bidder for Asiana ...
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IAG Cargo revenues improve in Q2
IAG Cargo has registered a year-on-year improvement in cargo revenues for the first time since the first quarter of 2022.The cargo business of the IAG Group saw its second-quarter cargo revenues increase by 1.1% compared with last year to €283m.Since 2022 the air cargo market has been affected by the ...
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Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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DSV and Dimerco warn of tight peak out of Asia despite freighter moves
DSV and Dimerco are warning of tight capacity out of Asia for the peak season despite carriers re-allocating capacity from trades with overcapacity.In a market update, Taiwan-headquartered forwarder Dimerco said it was important for customers looking to ship from China to the US and Europe to plan for the fourth ...
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Qatar Cargo adds online allotment booking
Qatar Cargo has expanded its digital offering by adding a new feature that allows forwarders to book their allotments through its online booking portal.The development means that customers using the cargo airline's Digital Lounge system will be able to directly book allotments and gain instant confirmation of their bookings.Until now, ...
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AA Cargo makes domestic network freight capacity available on cargo.one
American Airlines Cargo and cargo.one have extended their partnership to bring all of the US carrier’s domestic freight capacity to the latter’s digital air cargo booking platform.US forwarders using the cargo.one platform now have improved digital access to American’s domestic network, which spans more than 115 US destinations, being able ...
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NewsXeneta: strong demand for air cargo drives higher spot rates
The quicker than expected recovery to July’s global IT outage meant that there was no significant ongoing disruption to rates amidst ongoing strong demand for air cargo, according to the latest market analysis from Xeneta.Airfreight rates rose for a sixth consecutive month, with global average air cargo spot rates reaching ...
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NewsMenzies opts for CHAMP Cargosystems’ Traxon technology
Dirk Thorwith, CHAMP (L) and Rory Fidler, Menzies AviationSource: CHAMPGround handler Menzies Aviation has chosen CHAMP Cargosystems’ Traxon Global Customs (TGC) solution to provide a standard platform to deliver its customs fulfilment processes.TGS helps with the processing of import, export and transit controls. It will be embedded and integrated into ...
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United goes with Neste for SAF at O’Hare
Finland-based sustainable fuels supplier Neste is to provide up to 1m gallons (3,000 metric tons) of Neste MY Sustainable Aviation Fuel (SAF) to United Airlines for use at Chicago O’Hare International Airport in the period up to the end of this year.United is the first airline to purchase SAF for ...
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CMA CGM completes sale of Bolloré Logistics’ operations in French Overseas Territories
The CMA CGM Group has completed the sale of 100% of subsidiary Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint-Martin, French Guiana, and Polynesia to the Balguerie Group.The Marseille-headquartered shipping giant was required to sell operations in the French Overseas Territories by the European Commission and the Polynesian Competition Authority as ...
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NewsBoeing names Kelly Ortberg as new president and chief executive
Kelly Ortberg. Source: BoeingBoeing’s board of directors has elected Robert K (Kelly) Ortberg as the company's new president and chief executive.The move will becomes effective on August 8.Ortberg will succeed Dave Calhoun, who earlier this year announced his intention to step down and leave the company. He had served as ...
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NewsDHL air volumes up in the second quarter but profits slide
Source: DHL GroupDHL Group saw its air and ocean freight volumes rise in the second quarter of this year, contributing to a slight increase in year on year group revenue.The express and logistics giant registered a 5.3% increase in air volumes to 437,000 tons in the second quarter, while its ...
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NewsHamad International cargo on the up
Doha’s Hamad International Airport cargo traffic, as measured in tonnages, rose by 12% in the first six months of this year compared to the first half of 2023.It handled a total of 1.25m tonnes of cargo over the January – June period. In June, Hamad International handled 213,873 tonnes of ...
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NewsAirfreight rates remain stable despite July global IT outage
The latest data from airfreight price reporting agency (PRA) TAC Index show that global air cargo rates only edged up last week (in the week ending July 29).That news came as a surprise, given the massive global IT outage of 18 July.The overall Baltic Air Freight Index (BAI00) calculated by ...
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Mixed cargo revenue performance for US carriers in Q2
US carriers reported rising cargo volumes in the second quarter of the year but there was a mixed performance on the revenue front.In terms of volumes, American Airlines led the way as its cargo tonne miles (CTM) for the period increased by 20.6% year on year to 515m.However, the increase ...
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AAPA reports strong growth in Asia Pacific airfreight
Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that there was strong demand for international air cargo capacity in the region in June.Overall, Asia Pacific airlines recorded a 16.4% year-on-year increase in international air cargo demand – as measured in freight tonne kilometres ...