Region – Page 217
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News
Flexport goes online in Hong Kong
US-owned forwarder Flexport has opened an Asian regional headquarters in Hong Kong.Backed by Founders Fund, Google Ventures, Bloomberg Beta, Y Combinator and others, Flexport is a licensed freight forwarder built around an online system which provides clients with real-time shipment visibility and analytics for international routes, rates, speeds and customs ...
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Cargolux appoints new VP of flight operations after departure of Holt
Cargolux has appointed a new interim executive vice president of flight operations following the announcement that current incumbent Jason Holt has decided to move on to a new opportunity.The Luxembourg airline said that Claude Zehren would take over all duties from Holt with immediate effect."Zehren has been with Cargolux for ...
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FedEx warns of Shanghai supply chain slowdown ahead of G20 summit
FedEx is warning customers to expect delays to shipments originating in the Shanghai area as the government is ordered factories to close ahead of the G20 Summit.The express giant said in a news bulletin that China had ordered 255 Shanghai-based industrial facilities to shut down ahead of the Summit, running ...
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Astral and Ethiopian outline African expansion plans
African cargo carriers Ethiopian Cargo and Astral Aviation have outlined their ambitious expansion plans as they look to capitalise on the growing marketplace.Speaking at the Africa Air Cargo Summit in Addis Ababa, Astral Aviation chief executive Sanjeev Gadhia said the company hoped to add new Boeing 747 freighters and B737-400F ...
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NewsDSV sees airfreight growth but profits slide as UTi acquisition takes effect
DSV saw double-digit growth in airfreight volumes and gross profits in the second quarter of the year but margins took a hit as the integration of UTi continues to take effect.Announcing its second-quarter results, the Denmark-based logistics company saw revenues increase by 34.1% year on year to DKr17.6bn, while operating ...
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Cargo revenues down at ANA as currency and oversupply hit results
ANA's cargo business recorded a double-digit decline in airfreight revenues during its first fiscal quarter despite an increase in traffic.During its fiscal first quarter ended June 30, the Japanese carrier saw airfreight demand increase 16.2% year on year to 1.1bn freight tonne km, while revenues declined by 23.6% on a ...
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CEVA stays in the red but air volumes grow ahead of market
Logistics company CEVA has reported ahead of market growth in air volumes in the first half of the year while revenues decreased and it remained in the red.The world’s twelfth largest airfreight forwarder saw revenues decline by 7.8% year on year to $3.2bn, while adjusted earnings before interest tax, depreciation ...
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Fraport sees cargo growth outstrip passenger
Frankfurt airport operator Fraport recorded an increase in cargo traffic during the second quarter of the year but revenues and profits declined.Europe’s largest freight airport said second quarter cargo demand at Frankfurt increased by 2.3% year on year during the second quarter of the year to 528,712 tonnes and was ...
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Emirates update on flight delays and cancellations
Operations at Dubai International Airport resumed on Wednesday at 1830 local time following the crash landing of a Boeing 777 passenger aircraft belonging to the airline at the Middle East hub.More information on Emirates flights will be available on the Emirates website and social media channels.All 282 passengers and 18 ...
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Revenues down but operating profit surges for DP-DHL's forwarding arm
Deutsche Post DHL Group’s (DP-DHL) freight forwarding arm saw 2016 second quarter revenues fall by 9.3% to €3.4bn, versus €3.8 in like prior year period 2015, while divisional operating profit improved by 72.5% to €69m.Adjusted for negative currency effects and lower fuel surcharges, the Global Forwarding, Freight division’s revenue declined ...
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DHL spurs Cambodian trade with Phnom Penh-Bangkok B737 freighter
DHL Express has launched a Boeing 737-400 freighter service between Phnom Penh in Cambodia and Bangkok in Thailand, one of the global logistics operator’s hubs in Asia Pacific.This 19 tonnes capacity express freighter service, operated five times a week by Thailand’s K-Mile Air, adds to the existing DHL Express flights ...
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Priority Freight adds new German airfreight department
Priority Freight has set up a new, dedicated emergency airfreight department at its office in Willich, Germany in order to enhance operations in central Europe.The department is located less than 25km from Düsseldorf International Airport and will offer the time critical logistics firm's latest IT system.Priority Freight group managing director ...
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Hong Kong's AAT launches RFID tags for pre-packed cargo
Hong Kong’s Asia Airfreight Terminal (AAT) has introduced Radio-Frequency Identification (RFID) unit load device (ULD) tags for pre-packed cargo.The new technology will speed up the cargo acceptance process by 45 seconds per shipment, said AAT, which claimed that it is the first terminal operator to use such RFID technology for ...
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NewsLufthansa's cargo business remains in the red
Lufthansa’s cargo division recorded its fifth quarterly operating loss in a row as competition on global airfreight markets remained “intense”.The German airline group’s logistics business, which includes Lufthansa Cargo, ULD specialist Jettainer and its other investments, recorded a 16.4% year-on-year decline in second-quarter revenues to €496m.Earnings before interest and tax ...
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Fraport launches new cargo user forum
Fraport has held the first meeting of the newly launched CargoCity User Committee at Frankfurt Airport.The new forum will meet annually with the goal of promoting exchange and close dialog between all users of Frankfurt Airport’s CargoCity North and South.Dirk Schusdziara, head of freight at Fraport, said: “In order to ...
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FIATA World Congress 2016 confirms new speakers for Dublin event
International freight forwarders’ association FIATA has announced an updated speaker programme for its World Congress 2016, to be held in Dublin, Ireland, from October 3-8.Over 30 speakers will share their ideas and opinions on topics of global relevance affecting freight transport, logistics and international trade.Keynote speakers on the opening day ...
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Lufthansa Cargo's Mörtl joins time:matters
Christian Mörtl has been appointed managing director, operations & finance, at time critical logistics firm time:matters with immediate effect.The appointment follows the news last week that Lufthansa Cargo has applied to purchase all the shares of time:matters with a decision from the German competition authority on whether to approve the ...
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Olympian horses take freighter to Rio
The first group of Olympic horses has departed from London Stansted airport on a Emirates SkyCargo Boeing 777F bound for Rio 2016.With 34 horses from 10 nations on board, the equine cargo worth multiple millions, was loaded into customised pallets for the almost 12-hour flight aboard.Eventing horses from Great Britain, ...
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Qatar investment arm takes stake in St.Petersburg's Pulkovo airport
Fraport Frankfurt Airport Services Worldwide (Fraport) and its consortium partners at Russia’s Pulkovo Airport in St. Petersburg are to sell part of their shares in Thalita Trading to Qatar Investment Authority (QIA).Thalita is the parent company of Northern Capital Gateway consortium which has the 30-year concession for operating Pulkovo Airport ...
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Air cargo demand on the up in June
Air cargo volume growth improved in June as demand at European airlines remained strong and there was a pick-up for Asia Pacific carriers.Analyst WorldACD said that, after a poor start to the year, worldwide chargeable weight improved by 2.7% year on year in June.WorldACD said that the uptick was caused ...