Region – Page 291
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Pharma helps K+N airfreight outpace the market
Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year.The Switzerland-based logistics giant’s air cargo increase is more than twice last year’s global market benchmark average of between three and four per cent.K+N, the world’s second largest airfreight forwarder ...
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Losses mount at dampened Damco
Damco, the global logistics arm of Danish shipping group AP Moller Maersk, more than doubled its annual losses to $293m for the full year 2014.The ocean giant parent said that Damco's losses were due to “significant” impairment hits in 2014 and “reduced profitability” in its ocean and airfreight segments.Netherlands- headquartered ...
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Minister praises Singapore streamlining
Initiatives by Singapore ground handler SATS to streamline cargo pallet handling, and a warehouse reorganisation to reduce processing time were among projects singled out for praise by Singapore’s transport minister Josephine Teo.There was also ministerial praise for a cargo track and trace scheme by forwarder DB Schenker.The Aviation Productivity Conference, ...
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Plugging the airfreight information gap
London-based charter specialist chartersphere and software company WebCargoNet aim to plug the gaps in existing airline schedules and rates with a new partnership.Existing information sources do not fully cover the needs of shippers of outsized or urgent goods, or a shipment to a remote destination not covered by scheduled services, ...
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Panalpina predicts 3%-4% air cargo market growth in 2015
Panalpina expects the airfreight market to grow by between three and four per cent in 2015, driven by the technology, perishables and industrial consumables sectors.The Switzerland-headquartered multi-modal logistics company predicts that airline rates will “stay the same or even increase in selected trade lanes”, even though there is pressure on ...
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Lieb to quit DB Schenker Logistics
Thomas Lieb, management board chairman of Schenker AG, will leave the German logistics company at the end of this month “by best mutual agreement”.The 56 year-old will take on new responsibilities outside the German railway parent company, Deutsche Bahn Group.Dr Lieb has resigned “immediately” as head of business unit at ...
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DB Schenker to open Heathrow temperature-controlled site
DB Schenker Logistics will open a new perishables handling facility at London Heathrow at the end of March.The 11,000 sq ft facility will have cross-dock capability to eliminate contamination exposure and will allow for reduced manual handling.Schenker UK chief executive Helgi Ingolfsson said: “I have high hopes for this ultra-modern ...
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Time to rethink UK air links
Access from the UK's regions must be considered in deciding future runway capacity in the south-east of England, said chair of the National Connectivity Task Force, Lord John Shipley, in a new report.For the past 20 years, the Department for Transport had effectively prioritised international air access over domestic services ...
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Hong Kong will be a three-runway airport by 2023
Hong Kong's government has approved a third runway for the city’s international airport.Expected to open by 2023, it will help the island maintain its status as the world’s busiest air cargo hub and help Hong Kong maintain its position against other Asian rivals in China and Singapore.The HK$141.5bn (US$18.2bn) scheme ...
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India's Jet Airways to wet-lease Etihad freighter
India’s Jet Airways is to launch dedicated freighter operations using an A330-200F aircraft wet-leased from its strategic-partner, Etihad Airways.Subject to regulatory approvals, the aircraft will fly from an operating base in New Delhi from April 2015 to a number of international and domestic destinations, including Bangalore, Hong Kong, Hanoi and ...
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FedEx sees peak season bounce
US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn.“We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer.Operating results for ...
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Shanghai’s new perishables centre to open in July
Shanghai Pudong International Airport Cargo Terminal (PACTL) says its new perishable centre is nearing completion and should go into operation in July 2015, once it has gained IATA certification.The 3,500 sq m site will include a deep freeze area (-18 degrees Celsius), several cool storage facilities (+4 to +8 degrees ...
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Unions call for halt to Cargolux outsourcing plan
The Luxembourg Confederation of Christian Trade Unions (LCGB) has called for a written assurance that Cargolux will not press ahead with a controversial outsourcing plan as the Luxembourg freighter operator seeks to return to profit.The demand came as the LCGB and the OGBL union continued their negotiations on a new ...
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IAG out in front with e-AWBs
IAG Cargo claims that it has the highest e-air waybill (e-AWB) penetration in Europe.As of January, its e-AWB penetration was 34 per cent, well above the industry average of 25 per cent, said the freight arm of British Airways and Iberia.IAG Cargo has made e-AWBs available in more than 160 ...
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Big jump for Cathay and Dragonair in February
Cathay Pacific and Dragonair’s airfreight volumes jumped 28.8 per cent in February compared with the same month in 2014.Between them, the two airlines carried 130,467 tonnes of cargo and mail in February.Cathay Pacific’s general manager cargo sales and marketing, Mark Sutch, said: “The high-year-on-year tonnage growth reflects the overall improvement ...
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Aid agencies prepare airlift to Vanuatu
Aid agencies and the military have scrambled to fly supplies into Vanuatu, after the Pacific island nation was hit by Cyclone Pam last week.The Category Five tropical storm hit Vanuatu with winds of up to 170mph, causing widespread damage and knocking out power, water and other services.The storm is likely ...
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Rising space keeps loads factors down
Freight and passenger loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity, said IATA in its latest Airlines Financial Monitor for January-February.Airfreight capacity increased slightly in January, but more moderately than at the end of 2014. Most of the slowdown ...
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Lufthansa Cargo's 2014 operating profits up 26.6%
Lufthansa Cargo increased its 2014 operating profit by 26.6 per cent to €100m, despite group-wide pilot strikes and a fall in airfreight revenues and tonnages.Full year revenues at the German flag carrier’s freight arm edged down 0.3 per cent versus 2013 to €2.4bn. Total volumes fell 2.7 per cent to ...
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WCS: How to reduce the fire risk from lithium batteries
Fires in consignments of lithium batteries have been implicated in the loss of three aircraft over the last 10 years, writes Martin Roebuck.Peter Hunt, airline ground safety manager at Cathay Pacific, told the World Cargo Symposium (WCS) in Shanghai about risk mitigation measures the airline is taking to make sure ...
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Two more B737F converts for China's SF Airlines
PEMCO World Air Services has redelivered two B737-300Fs to China’s SF Airlines (SFA), the air cargo division of Shenzhen-based logistics specialist SF Express, a leading courier in China.US-based Pemco has now completed nine B737-300/400 freighter conversion projects for SFA.The latest Pemco freighters to join SFA’s growing freighter fleet were converted ...