Supply chains – Page 23
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NewsSwissport sells stake in its Saudi business to drive air cargo
Osama Al Sayed, chairman of ASYAD (left), and Warwick Brady, president and chief executive of Swissport. Photo: SwissportSwissport International is selling a minority stake in Swissport Saudi Arabia to Saudi business portfolio ASYAD Holding in a bid to further expand its Saudi presence in air cargo handling.The Swiss aviation services ...
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NewsAir cargo's rollercoaster ride set to end in 2024?
The air cargo rollercoaster ride of the last few years is looking like it could end in 2024 with "classic seasonality" set to return, although there could still be some bumps along the way.In its market outlook for 2024, data provider Xeneta predicts that air cargo volumes will rise by ...
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News
US forwarders brace for kickback on larger shipment screening rules
US freight forwarders are bracing for shipper kickback on recently implemented security requirements for larger shipments.At the end of October, shippers wishing to fly cargo that cannot be screened due to size or volume restrictions – such as aircraft engines, oil drums, or oil field drilling equipment - were required ...
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News
Dutch government backs down on Schiphol flight cuts
The Dutch government has backed down on its plans to cut the number of flights at Schiphol Airport after objections from the US and European Union.In August, the government announced that it would implement plans to cut flight numbers at the airport from 500,000 per year to 452,500 from winter ...
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News
Cathay Cargo provides peak season update as cargo operations hit by Anchorage snowstorms
Cathay Cargo has reported that the market is approaching the "peak of the peak" although cargo operations are being affected by extreme weather.Cathay Pacific regional head of cargo Southeast Asia Ashish Kapur said that the most pronounced peak is happening out of Hong Kong, led by e-commerce exports from the ...
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News
WestJet Cargo and Flexport partner on Canadian airfreight exports
Canadian airline WestJet Cargo has partnered with supply chain logistics platform Flexport to widen the reach of Canadian airfreight exports into Asia.Under the agreement, Flexport will ship Westjet Cargo's export cargo to key Asia hubs via its existing dedicated freighter network.WestJet Cargo will deliver Canadian cargo to Chicago O’Hare International ...
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NewsAir cargo poised to benefit from ocean shipping issues in 2024
Source: Air Cargo NewsAir cargo could benefit from a reduction in ocean shipping reliability next year as box lines contend with antitrust rule changes.Speaking at the TIACA executive summit, Xeneta chief airfreight officer Niall van de Wouw ranked the criteria shippers considered when selecting between air and ocean.He said that ...
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NewsSwissport opens air cargo terminal in Spain
Swissport cargo terminal at Zaragoza Airport. Photo: SwissportSwissport is growing its cargo business in Spain with the opening of a new air cargo terminal at Zaragoza Airport.The new cargo terminal, which officially opened for business in October, spans more than 4,000 sq m.The facility has 14 truck docks for fast ...
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NewsFedEx pack an economic punch
Image Source: FedExFedEx Corporation has released its annual Economic Impact Report, a study that assesses the company’s worldwide network and its role in driving innovation over the course of the 2023 fiscal year (defined by FedEx as running from June 1 2022 to May 31 2023).The report is used to ...
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NewsAir cargo outlook: Subdued demand expected in 2024
Source: Air Cargo NewsAir cargo executives are expecting air cargo demand in 2024 to be flat or at best slightly above this year's levels, according to speakers at the Tiaca Executive Summit event.Adopting probably the most positive outlook for air cargo demand in 2024 at the event was data provider ...
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NewsFourKites report suggests supply chain data not being used effectively
Image Source: FourKitesSupply chain visibility platform provider FourKites has released a report entitled ‘Data-Driven Decisions: Why Many Supply Chains Are Falling Behind’ that suggests fewer than half of US/UK supply chain leaders are leveraging their supply chain data to inform their strategy and 14% aren’t using supply chain data at ...
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NewsFreighter operator Teleport adds another partner with VietJet tie up
Source: TeleportMalaysia-based cargo airline Teleport has continued to expand its airline partnerships through a new agreement with VietJet.The two airlines this week signed a Memorandum of Understanding (MoU) at the Air Cargo Southeast Asia 2023 event in Singapore.The partnership will combine Teleport's Southeast Asia network with VietJet's global operations.The move ...
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Insights
Putzger perspective: The times, they are a-changin’
The logistics landscape is changing with significant shifts in trade flows, while the structure of e-commerce business is evolving, but this doesn’t mean air cargo will be left out in the cold… As Bob Dylan sang a few decades ago, ‘the times, they are a-changin’. Take cargo flows into the ...
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NewsRegionalisation of supply chains could see tougher competition for air cargo
Source: Air Cargo NewsThe air cargo industry may face increased competition from the maritime, road and rail sectors as changes take place that shorten the distances within supply chains.Speaking about 'Strategic priorities for post-pandemic supply chains' at the transport logistic and air cargo Southeast Asia in Singapore, supply chain specialist ...
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News
EAC conference examines the crucial role of air cargo
This year's European Aviation Conference will take place in Luxembourg and will have a focus on the importance of air cargo, as explained by the event organiser in the following article for Air Cargo News:The recent Covid-19 epidemic shed a shining light on the (literally) vital importance of logistics, and ...
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News
Pharma.Aero takes aim at sustainability with new project
Air cargo group Pharma.Aero has launched a new project to identify the attributes required for an environmentally friendly transport of pharma products.The primary goal of the project is to assist pharmaceutical manufacturers and freight forwarders in integrating sustainability considerations into their freight procurement and lane assessment processes to help reduce ...
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News
New book examines the decline of globalisation
A new book written by chief executive of consultant Transport Intelligence John Manners-Bell will soon be launched examining the recent decline in Globalisation.The book, named The Death of Globalization, examines how initial optimism for the rise of globalisation proved to be misplaced and how neo-protectionism has transformed the economic landscape.The ...
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NewsAir Partner delivers emergency humanitarian aid to Afghanistan
Air Partner Afghanistan aid. Photo: Air Partner via Houston PR agencyAir Partner’s cargo division helped deliver humanitarian medical aid to Afghanistan following the earthquakes which struck the country earlier this month.On October 22, Air Partner delivered 82 tonnes of emergency relief from Copenhagen to Kabul within the same day.The humanitarian ...
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NewsUPS Q3 revenues struck by soft demand
UPS has reported a 12.8% dip in third quarter revenues year on year, which it said was due to a drop in demand as a result of "unfavorable macro-economic conditions".The US integrated logistics solutions company said third-quarter 2023 consolidated revenues were $21.1bn.Consolidated operating profit was $1.3bn, down 56.9% compared to ...
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NewsWFS grows cargo capacity at JFK by 20%
An artist impression of how the new WFS cargo terminal in New York JFK will look when it opens in Q1 2025. Source: WFSWorldwide Flight Services (WFS) will increase cargo capacity at New York’s John F. Kennedy International Airport (JFK) by 20% in early 2025 with the opening of a ...