Sectors – Page 115
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Cathay to buy partner DHL's stake in Air Hong Kong
Asian airline Cathay Pacific is to buy the 40% stake held in freighter carrier Air Hong Kong (AHK) by joint venture partner DHL, the German-owned global logistics and express parcels operator.Cathay Pacific currently owns 60% of the AHK stock.In a Hong Kong Stock Exchange filing, Cathay Pacific and DHL confirmed ...
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Qatar and StarBroker join forces for energy charter
Qatar Airways Cargo has transported more than 80 tonnes of oil and energy equipment from Zhengzhou in China to Cabo Frio in Brazil for DHL Global Forwarding.The Qatar Airways Boeing 777 freighter saw the Middle East carrier's first charter flight into Cabo Frio, an airport located close to the most ...
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Hong Kong's fruitful year with record cargo volumes
Hong Kong International Airport (HKIA) enjoyed "a fruitful year" in 2016/17, setting new annual records in all three air traffic figures: cargo, passenger and flight movements.During the fiscal year, cargo volume rose 6.7% to 4.6m tonnes, securing HKIA as the world’s busiest cargo airport for the seventh consecutive year.In the ...
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TNT continues recovery effort after cyber attack
TNT is continuing to implement contingency plans to mitigate the impact of the virus that attacked its IT systems last week.In an operational update, TNT parent FedEx said that its teams were making solid progress on "remediating systems and methodically bringing business critical systems and services back online including mytnt.com"."TNT ...
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American Airlines Cargo adds new Heathrow cool facility
American Airlines Cargo has opened a new Controlled Room Temperature (CRT) facility at its London Heathrow (LHR) cargo centre.The new room is 160 sq m and can accommodate up to 16 times more standard euro skid pallets at one time than the previous room.It is a fully monitored and alarmed ...
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Turkish Cargo launches freighter flights to Johannesburg and Madagascar
Turkish Cargo is launching scheduled Airbus A330 freighter flights to Johannesburg in South Africa and Madagascar, off the southeast coast of Africa.South Africa sees the majority of its exports going to European and the Americas. These generally consist of machinery, electronic equipment, chemicals and automotive parts.Madagascar exports a wide range ...
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Cargolux adds Atlanta to US services served from Zhengzhou in China
Cargolux Airlines has added Atlanta to destinations served from its Chinese hub in Zhengzhou (CGO).The North American city becomes the second US destination, after Chicago, to receive direct freighter connections from Zhengzhou.The European cargo carrier today (June 30) introduced its first commercial service from CGO to Atlanta, in combination with ...
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TNT Express operations "significantly affected" by cyber attacks
FedEx Corp has confirmed that the "worldwide operations" of its TNT Express subsidiary have been "significantly affected" by the cyber attacks that also hit ocean freight giant Maersk.The US-based parcels operator said that it cannot measure the financial impact of this service disruption at this time, but warned "it could ...
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Stavros Evangelakakis new chairman of Cool Chain Association
Stavros Evangelakakis is the new chairman of Cool Chain Association (CCA), taking over from Sebastiaan Scholte who has served in the role for five years.Evangelakakis, global product manager of Cargolux Airlines, has been a board member of the CCA since 2012.Scholte, chief executive of Jan de Rijk Logistics, said: “The ...
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Amazon not looking to replace the likes of UPS and FedEx
E-commerce giant Amazon has provided clarity on its moves into airfreight and other cargo transport modes, saying it is not looking to take on existing logistics operators.Over the Christmas period Air Cargo News reported that Amazon had chartered aircraft in the US and Europe in order to move cargo across ...
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Video: Drone delivery continues to make progress
The possibility of parcel delivery by drone continues to take steps forward as Amazon reveals video footage (see below) of one of its Prime Air machines in action shortly after gaining US regulatory approval for testing and Matternet continues to push for regulatory development.Last week the US Federal Aviation Administration ...
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Courier urges UK government to avoid costly tariffs and red tape following 'Brexit' vote
Courier firm ParcelHero has called on the UK government to secure access to the single market and avoid the imposition of new import tariffs following the UK voting the leave to European Union (EU).ParcelHero’s head of consumer research David Jinks said: “Many of ParcelHero’s small/medium (SME) business customers voted for ...
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FedEx dismisses headline grabbing "fantastical" reports that Amazon's air network could compete with integrators
FedEx has dismissed headline grabbing reports that Amazon’s new US air cargo network will become a competitor for its own operations.Speaking shortly after announcing its fiscal third-quarter results, FedEx Services president and chief executive Mike Glenn said Amazon was a valuable customer and it would be difficult for an e-commerce ...
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Amazon's freighter deal expected to have minimal impact on UPS and FedEx margins
Amazon’s freighter operation is likely to have little impact on the margins of UPS and FedEx, according to a new report.The report from credit ratings agency Moody’s estimates that Amazon’s 40 Boeing 767 freighters will give the e-commerce firm a fleet with an aggregate payload capacity equal to roughly one ...
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Hollande: France aims to become gateway for Europe after Brexit vote
Britain’s decision to leave the European Union (EU) provides France with an opportunity to attract further foreign investment and to become the “gateway for Europe”, believes French president François Hollande.Speaking at Charles de Gaulle Airport (CDG), following the announcement of a €1.4bn investment by Federal Express (FedEx) at the French ...
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FedEx unfazed by Amazon's new forwarding arm
FedEx has dismissed concerns that Amazon’s recent foray into freight forwarding and air cargo could impact the industries it is active in, pointing out that it mainly caters for business-to-business customers.Shortly after announcing its third-quarter results, FedEx executives were asked whether they were concerned about Amazon’s push into logistics, in ...
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Brexit: the economic perspective
Brexit means Brexit, but will it be a hard, soft, or red white and blue Brexit, and what are economic risks?Britain’s departure from the European Union ─ set your calendar for March 2019 ─ was a key theme in ‘Navigating global trade in turbulent times’, a seminar organised by SEKO ...
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Brexit: the supply chain perspective
Britain leaving the European Union, or Brexit, will have a profound effect on UK-managed supply chains, with more paperwork, a rethink on hub locations, IT system challenges and a need to revisit existing contracts with suppliers and customers.But there are also opportunities, with Brexit providing the excuse for a totally ...
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Where’s your parcel? Ask Alexa
Customers without a hand to spare can now interrogate Amazon’s digital smart speaker, Alexa to find out where their DHL parcel is.Users can ask their Amazon Echo or Echo Dot smart speaker to give their shipment statusMichaela Lukas, who heads DHL Parcel’s private customer service says: “Voice enabled technologies, including ...
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UK aerospace calls for "refresh" on Brexit strategy
Britain’s £32bn turnover aerospace industry, second in size only to the US, has called for a “refresh” of the UK government’s Brexit strategy as talks on terms for leaving the European Union (EU) begin in earnest next week.The UK’s Aerospace Defence Security (ADS) trade organisation has also repeated “serious doubts” ...