Region – Page 237
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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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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 ...
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Damco back in profit for 2015
Damco, the freight forwarding arm of Danish maritime giant AP Moller-Maersk (APM), moved from an underlying $225m loss in 2014 to an underlying $15m profit in 2015 as its airfreight volumes fell by 4%.“Productivity improvements, overhead cost reductions and growth in supply chain management activities were the primary drivers behind ...
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CargoLogicAir set to offer scheduled service to Africa from February
Valentine’s Day (February 14) looks set to be the day CargoLogicAir (CLA) begins to offer its first scheduled flight.AirBridgeCargo said that its “partner airline” CargoLogicAir will offer a scheduled service from Stansted to Frankfurt, Libreville (Gabon) and to Johannesburg with further routing to Nairobi.Earlier this week, CLA revealed that it ...
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Ethiopian Cargo loss continues to bite at Brussels
Brussels Airport continued to suffer from the withdrawal of Ethiopian Cargo services in January as the Belgian airport recorded a decline in airfreight demand.The airport, which was one of the success stories of 2015, saw cargo demand decline by 2.4% year on year in January to 36,964 tons.Full-freighter demand suffered ...
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New guidelines ensure four-legged friends are fit to travel
Freight interests, veterinary organisations and animal welfare groups, together with the European Commission, have published new guidelines on transporting equidae - horses, ponies, donkeys or hybrids.As well as general advice on journey length and the design of accommodation, they set out clear and simple methods of assessing the fitness of ...
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Tough start for Gatwick's cargo business
Gatwick Airport’s air cargo business has had a tough start to the year as demand dropped by almost 10%.The West Sussex airport, which is hoping to secure government backing for expansion at the expense of west London rival Heathrow, saw cargo demand drop by 9.7% year on year in January ...
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ASL swoops on TNT fleet
ASL Aviation has agreed to purchase TNT Airways and Pan Air Líneas Aéreas, which the express firm has agreed to sell as part of its takeover by FedEx, for an undisclosed sum.The deal will see Dublin-headquartered ASL, which was the expected destination of the fleet, take over the flights operated ...
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Vote for your Cargo Airline of the Year
Voting is now open for Air Cargo News’ 32nd annual Cargo Airline of the Year awards. You can vote for carriers to specific regions and your favourite all-cargo airline. The 2015 categories are:Best Cargo Airline to/from: Africa, Americas, Asia/Pacific, Europe & Middle East, All-Cargo Airline and the Cargo Airline of ...
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CargoLogicAir reveals fleet plans
New UK-based all-cargo airline CargoLogicAir (CLA) has revealed it hopes to operate a fleet of five Boeing 747 freighters in 2018.The much speculated-upon airline today confirmed it had been awarded an Air Operator Certificate (AOC) by the UK Civil Aviation Authority.CLA has taken delivery of its first Boeing 747-400 freighter ...
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Finnair Cargo signs up Mercator's SkyChain
Finnair Cargo has signed up to use software provider Mercator’s SkyChain air cargo management system as the airline expands hub and air capacity.SkyChain will be implemented by October 2016, six months ahead of the opening of Finnair's new cargo terminal in spring 2017.The new terminal is being developed in line ...
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SIA Cargo Q3 profits down despite demand jump
Singapore Airlines Cargo saw operating profits decline in its fiscal third quarter despite an increase in demand.SIA Cargo recorded an operating profit of S$2m during the October-December period compared with a S$17m profit during the same period in 2014.It said the decline was down to yields declining by 13.5% as ...
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TPP trade deal signing welcomed by UPS
UPS has welcomed the eventual signing of the Trans-Pacific Partnership (TPP) free trade agreement but commentators have warned that there are years of negotiations ahead.Earlier today 12 nations - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – signed up to the TPP ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...