All Top Story Articles – Page 40
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NewsCargojet profits improve in Q1
Canada-headquartered Cargojet saw its profits improve in the first quarter as the business benefitted from rising domestic e-commerce demand.The company saw first-quarter revenues slip 0.3% year on year to C$231.2m, while earnings before income taxes (ebit) improved by 8.7% to C$37.6m and net earnings were up 6.6% to C$32.5m.The decline ...
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NewsIAG Cargo expands Madrid perishables facility
Photo: IAG CargoIAG Cargo has invested €1.5m into the expansion of its temperature-controlled perishables facility in Madrid which will increase the total capacity of the facility by 45%.The facility will include 1,340 sq m of dedicated temperature-controlled space for perishable goods, offering customers the largest cooling chambers at Madrid Airport, ...
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Sponsored ContentSponsored: Budapest Airport prepares to break more cargo records in 2024
Air cargo is typically an industry where the key to success is long-term sustainable development. It is no coincidence that Budapest Airport (BUD) is attracting the attention of the logistics industry, as 10 years ago, it was still taking its first steps in the cargo business, but now, it can ...
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NewsLufthansa Cargo in the red in Q1 as strikes take their toll
Lufthansa's logistics division reported an operating loss in the first quarter of the year due to weakening air cargo rates and strike action.The logistics division, which includes Lufthansa Cargo, time:matters, Jettainer, HeyWorld and a 50% stake in AeroLogic, saw first-quarter revenues drop 16% year on year to €691m and earnings ...
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NewsIATA: March air cargo volumes up 10%
Positive momentum for air cargo continued in March as it became the fourth consecutive month of double-digit year-on-year growth.IATA reported that total demand, measured in cargo tonne-kilometers (CTKs), rose by 10.3% compared to March 2023 levels, following rises in February, January and December.The trade body noted that "for the first ...
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NewsGeorgi Group makes fuel cleaner
Photo: Georgi GroupGeorgi Group has introduced HVO (Hydrotreated Vegetable Oil) fuel as an option for all its transport services.The Georgi Group said it is offering HVO100 fuel instead of conventional diesel fuel on all its transportation services as part of its sustainability strategy.HVO100 is a renewable diesel fuel produced from ...
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Hong Kong air cargo rates on key trades now ahead of last year
Rates on services from Hong Kong to Europe and North America are now ahead of last year's levels as demand continues to surge.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April average all-in rates from Hong Kong to North America were up 6.5% year on ...
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NewsStoll to leave role as head of Swiss WorldCargo
Lorenzo Stoll. Source: Swiss WorldCargo.Lorenzo Stoll will leave his position as head of cargo at Swiss International Air Lines (SWISS) as he takes up a role outside the aviation industry.Stoll has worked for the airline for more than 11 years and was appointed head of Swiss WorldCargo in April 2021. ...
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ECS to utilise Rotate's capacity data
Air cargo sales agent ECS Group is adopting Rotate's live capacity tool to help inform its decision-making process.ECS will integrate Rotate's capacity data into its in-house business intelligence tool where it will be used to help determine new interline partnerships, plan customers' networks and react to market changes in terms ...
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NewsAir cargo to grow at Tashkent Airport
Photo: Uzbekistan AirportsAirfreight operations are set to grow at Uzbekistan's Tashkent International Airport with the development of a new terminal able to handle about 120,000 tons of cargo per year.The cargo terminal's design has already been completed and now the terminal will be built in two stages on an area ...
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NewsAGI Global Logistics starts strategic partnership in Sweden
Source: AGI Global LogisticsUK-based freight forwarder AGI Global Logistics has begun a new partnership with Swedish logistics company Scandinavian Shipping & Logistics (SSL).The partnership is anticipated to strengthen and expand AGI's freight and logistics services offered to customers operating in the Scandinavian market.AGI confirmed to Air Cargo News that the ...
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NewsUN Refugee Agency renews relief shipment agreement with Qatar Airways
Source: Qatar AirwaysThe UN Refugee Agency (UNHCR) has renewed its partnership with Qatar Airways to support the shipment of relief items.The two-year partnership covering 2024 and 2025 will see Qatar Airways provide another 400 tonnes of free tonnage to UNHCR to support the delivery of aid supplies.The airline will use ...
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Geodis strengthens pharma capabilities in Europe
Geodis has strengthened its temperature-controlled pharmaceutical shipment capabilities in Europe by obtaining IATA's Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) certification for its Copenhagen, Denmark site.The freight forwarder now has a total of 28 CEIV Pharma certified sites across its global network in the Americas, Asia ...
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NewsMartinair Cargo flies lions to a new life in South Africa
Source: AFKLMPMartinair Cargo has transported two lions from the Netherlands to a sanctuary in South Africa utilising one of its Boeing 747 freighters.The lions, Vasylyna and Nikola, were being transport from a sanctuary for big cats in the Netherlands to LionsRock in South Africa, an expansive 1250-hectare sanctuary managed by ...
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NewsCargo iQ appoints new board
Fanny Chan, Head of Cargo Global Operations at Cathay Pacific Airways. Photo: Cargo iQCargo iQ has elected a new board as it prepares to launch two major new initiatives to drive up membership engagement and welcome a new executive director next month.Two board members are new ...
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Icelandair Group cargo division edges back into operating profit
Icelandair Group has recorded an improvement in its cargo operation, with a return to operating profit in the first quarter.The company stated that it is “on track” to deliver a full-year operating profit in the division after implementing a number of efficiency measures.The company's cargo business reported a first-quarter operating ...
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Fiata develops model agreement for PLACI multiple filing
Freight forwarder association Fiata has launched a new agreement to help companies manage new requirements from governments for shipment information.The FIATA Model Agreement for Pre-Loading Advance Cargo Information (PLACI) regimes aims to clarify parties’ responsibilities and "facilitate successful compliance in the complex reporting environment" when using the option of multiple ...
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Serve Air expands its 737 freighter fleet
Serve Air has taken delivery of its second Boeing 737-800SF converted freighter from Aeronautical Engineers, Inc (AEI) as it continues to expand its cargo fleet.All conversion related touch labour and maintenance on the aircraft (MSN 30517) was performed by authorised AEI conversion centre, Commercial Jet in Dothan, Alabama.Serve Air is ...
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NewsIAG Cargo adopts HVO for Heathrow ground vehicles
Source: IAG CargoIAG Cargo is using Hydrotreated Vegetable Oil (HVO) to power its ground vehicles at London Heathrow as part of efforts to reduce its emissions output.HVO is a drop-in replacement for white diesel and is made from plant waste and renewable materials, meaning that it has a "significant impact ...
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NewsSwissport adds third cargo centre at Liege Airport
Source: SwissportSwissport has become the largest cargo handler at Liege Airport after the addition of a third cargo centre on the back of rising e-commerce demand.The new 4,000 sq m customs bonded facility has expanded the handler's overall capacity at the freighter airport by 17% to 27,000 sq m.The new ...