Region – Page 258
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Polar opens Changi link
Scheduled freighter carrier Polar Air Cargo Worldwide has made its inaugural flight at Singapore’s Changi Airport.The Polar B747F will add a new US city, Cincinnati in Ohio, to Changi’s freighter network connections.Polar, majority owned by US-based Atlas Air Worldwide Holdings in partnership with minority stakeholder DHL Network Operations (US), will ...
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Cargo revenues slide at Turkish Airlines
Turkish Airlines continued to report improved profits during the second quarter of the year, but revenues at its cargo division declined once again.The Turkish flag carrier recorded an overall net profit of $253m during the second quarter of the year compared with $190m during the same period last year.2015 half-year ...
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Aeroflot load factor slides on capacity additions
The Aeroflot Group saw its load factor decline in July as new additions to its fleet caused capacity growth to outstrip demand increases.In July, the Russian airline saw traffic increase by 6% year on year to 989m revenue tonne km while capacity increased by the higher amount of 7.1% to ...
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SpiceJet opts for SmartKargo
Indian low-cost airline SpiceJet has become the first airline in India to deploy cloud-based air cargo management solution, SmartKargo, for its in-house and international cargo operations.The SmartKargo system is built on cloud computing instead of dedicated hardware and software and offers mobile platforms and data analytics.The deployment of the system ...
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DHL opens Melbourne facility
DHL has opened a new Melbourne gateway facility to better support regional businesses operating in and out of Australia.The DHL Express Melbourne Gateway boasts a total investment of A$20m (€14m), the largest infrastructural amount invested by the global giant in Australia.Located at Melbourne Airport, the facility employs almost 100 people ...
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Volga-Dnepr's double-quick delivery
Volga-Dnepr Airlines operated two IL-76TD-90VD cargo flights to deliver mobile drilling equipment for an oil and gas customer in Kuwait.The flights from Liege in Belgium carried 16-ton mobile installations that drove into the cargo holds under their own power for the deliveries to Al Kuwait.“As the cargo was required in ...
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Kalitta chooses CHAMP
All-cargo carrier Kalitta Air has become the North American launch customer for CHAMP Cargosystems’ next generation Weight & Balance application to manage load planning across US-based airline’s fleet of 14 Boeing 747 freighters.Conrad Kalitta, chief executive at Kalitta Air, said: “We selected CHAMP’s Weight & Balance as we were confident ...
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Kerry Logistics' perfect fit for Debenhams
A UK regional rather than Heathrow-centric approach to airfreight helped Kerry Logistics Network secure a contract with Debenhams that cuts by two days the outbound supply chain process to growing markets in the Middle East.Kerry Logistics will handle all airfreight from Debenhams’ UK distribution centre in Peterborough to various destinations ...
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Geodis' US expansion was expected for some time
French logistics firm Geodis’ acquisition of US-based third party logistics operator Ozburn-Hessey Logistics (OHL) for an undisclosed amount had been “on the agenda for some time”, according to one industry analyst.Transport Intelligence said that a Geodis acquisition in the US had been expected and earlier in the year the company ...
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Eagle MRO has landed for Volga-Dnepr Gulf
Volga-Dnepr Gulf (VDG) has signed a contract with Malaysian charter operator Eagle Express to provide maintenance services for the airline’s Boeing 747-400 fleet.The contract covers maintenance services for A4-check, Out-Of-Phase Routine Tasks and AD/SB performance.Work under the contract will be carried out in Volga-Dnepr Gulf’s hangar complex located in Sharjah.Managing ...
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Extended investigation into FedEx-TNT deal not expected to affect projected timeline
Update: The European Union’s decision to extend its investigation into FedEx's $4.8bn bid to takeover TNT Express is not expected to change the timeline for completion.Today, Brussels confirmed it will now complete its competition investigation into the deal by January 13, instead of December 8 as initially expected.A TNT spokesperson ...
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Cathay Pacific suffers July air cargo slowdown
A July increase in airfreight volumes at Cathay Pacific and Dragonair was not enough to offset volume increases and stop another decline in load factors.The Hong Kong airline recorded a 1.4% year-on-year increase in airfreight volumes in July to 877,066 cargo and mail revenue tonne km (RTK).Meanwhile, capacity increased in ...
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Geodis to buy logistics operator OHL
French global forwarder Geodis has entered into an agreement to acquire US-based third party logistics operator Ozburn-Hessey Logistics (OHL) for an undisclosed amount.The number four European supply chain operator said that OHL will be rebranded “in time” under the Geodis banner.Geodis, 100% owned by French railways subsidiary SNCF Logistics, has ...
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European Commission extends investigation into FedEx-TNT deal
The European Union has extended its investigation into FedEx's $4.8bn bid to takeover TNT Express.Brussels will now complete its investigation by January 13, instead of December 8 as initially expected."The parties have requested a 20-day extension for the phase II investigation, as they are entitled to do according to the ...
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Agility Logistics records Q2 revenue decline despite airfreight yield boost
Logistics firm Agility Global Integrated Logistics (GIL) reported a 4% decrease in revenues during the second quarter and a softer airfreight market.The Kuwait-headquartered company said that second-quarter revenues slid to KD259m largely as a result of currency volatility.With currency effects stripped out of the result, it would have recorded a ...
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Finnair Cargo sees revenues and traffic slide in the second quarter
Finnair Cargo saw revenues, volumes and yields decline during the second quarter of the year as its withdrawal from Asia-Europe freighter operations and tough market conditions had an impact of results.The Helsinki-headquartered operator saw second-quarter revenues decline by 23% on last year to €45.1m while cargo traffic declined by 19.2% ...
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UTi joins forwarders offering China-Europe rail alternative to air
UTi Worldwide has joined the growing number of forwarders offering railfreight alternatives to ocean and air cargo between China and Europe.The global supply chain services provider launched its weekly Iron Silk Road rail service between Harbin and Hamburg to provide clients “more cost-effective transport options in these markets and beyond”.UTi ...
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Europe's top cargo airlines suffer more demand declines in July
July was another tough month for Europe’s air cargo carriers as Lufthansa, Air France KLM, IAG Cargo and Finnair all reported demand declines as a result of tough market conditions and changes in freighter strategies.Overall, the four airlines recorded a 7.6% slide in cargo volumes during the month, which compares ...
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AmSafe tests fire containment for lithium batteries
AmSafe Bridport has conducted a full scale test for its fire containment products by simulating a lithium-ion battery fire within an airfreight container.In the test, the UK-based company reports that the subsequent fire was suppressed for over six hours.Joe Ashton, cargo business manager at AmSafe Bridport, said: “The fully certified ...
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Forwarder Damco records first quarterly profit since 2013
Freight forwarder Damco recorded a quarterly profit for the first time in more than a year during the second quarter but airfreight volumes decreased.The AP Moller Maersk-owned logistics company recorded a second-quarter profit of $7m compared with a $32m loss during the same period in 2014, while revenues decreased by ...