All Top Story Articles – Page 77
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NewsLufthansa's cargo profits tumble in Q3
Lufthansa's logistics business was unable to make an operating profit in the third quarter of the year as the market normalised following the Covid pandemic.The logistics division, which includes Lufthansa Cargo, time:matters, Jettainer, HeyWorld and a 50% stake in AeroLogic, saw third-quarter earnings before interest and tax (ebit) fall to ...
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Asiana board approves plans to sell its cargo business
The Asiana Airlines board has approved plans to sell its cargo business as part of efforts to appease European regulators concerned over the impact of its takeover by Korean Air.Earlier today, the carrier's board approved the plan to offload the cargo unit to another Korean airline after the European Commission ...
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NewsHopes diminish for an air cargo peak season boost
Hopes of a surge in air cargo demand towards the end of the year diminished in October as the latest data showed only a slight uplift in demand.The latest figures from data provider Xeneta show that air cargo demand increased 2% in October compared with September which is described as ...
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NewsRhenus targets growing perishables market with new China team
Source: nitpicker/Shutterstock.comLogistics firm Rhenus Group has added a dedicated perishables team to its operation in China on the back of increasing demand.The new team will be part of Rhenus Fresh and will target the transportation of goods between Greater China, Europe and Latin America, in particular Chile."Rhenus Chile's major trade ...
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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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NewsWebinar: Emerging trends in air cargo 2024
Air Cargo News — in partnership with Maersk Air Cargo — will later this month host a webinar: Emerging trends in air cargo 2024.The one-hour session will explore the emerging trends that are expected to affect the air cargo sector in 2024. Attendees will have the chance to ask questions ...
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Sponsored ContentSponsored: Volume matters - dimensioning technology’s impact on air cargo efficiency
The disruption of the global supply chain during the pandemic exposed the need for efficiency and optimization in the air cargo industry. The decrease in passenger plane flights greatly reduced belly cargo capacity while the global need for shipping increased and other modes of transport like ocean containers backlogged. COVID-19 ...
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Sponsored ContentSponsored: Conference - Hub airports and their regions. Strategic synergy as a key to success
How can we plan and shape the regions around airports? How can we lead the relationship between the investor, the local community and business?This is what the Hub airports and their regions. Synergy as a key to success conference, organised by Centralny Port Komunikacyjny (CPK) in cooperation with the Airport ...
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NewsTransporting 196 horses is neigh problem for LATAM Cargo
Source: LATAM CargoLATAM Cargo is transporting a total of 196 horses for show jumping events at the Pan American Games currently taking place in Chile.The airline transported horses from the US, Colombia, Ecuador, Brazil, Argentina, Uruguay, Mexico, and Paraguay on its Boeing 767 freighters.In total, the company transported 91 horses ...
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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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Etihad selects WFS for cargo handling in Copenhagen
Etihad Airways has appointed Worldwide Flight Services (WFS) as its cargo handler for its first-ever service from Abu Dhabi to Denmark.The new service to Copenhagen operates four times per week to the Danish capital using a Boeing 787 Dreamliner aircraft.The first flight took place on October 1.The two already work ...
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NewsNew CEO for time critical logistics firm time:matters
Source: Lufthansa Cargo/Stefan WildhirtTime-critical logistics firm time:matters has appointed Bernhard zur Strassen as its new managing director and chief executive.He will take over the position at the Lufthansa Cargo-owned company on November 1, succeeding Alexander Kohnen, who left the company in April.In his new role, he is tasked with driving ...
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NewsAirfreight rate rises pick up pace in October
Source: Baltic Exchange Air Freight Index (BAI) powered by TAC Data Copyright: Baltic Exchange. Chart created by Air Cargo NewsAirfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season (see dashboard at end of article). The latest figures from the Baltic Exchange ...
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NewsAsiana Airlines delays decision on the sale of its cargo business
Source: Thanhliemnguyen/ShutterstockAsiana Airlines has delayed a decision on whether to sell its cargo unit as part of its takeover by Korean Air.The airline's board met yesterday to decide whether to go ahead with the sale as the two companies looked to obtain European Union approval for the deal.In a stock ...
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Hong Kong Air Cargo adds first Europe service with plans for more
Hong Kong Air Cargo has expanded into Europe for the first time with a new flight operating to Italy targeting e-commerce volumes.The new three-times-per-week service will operate between Hong Kong International Airport and Milan Malpensa on Tuesday, Thursday and Sunday with a departure time of just after midnight and arrival ...
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NewsUPS appoints new regional president as it targets UK-India trade
Ufku Akaltan. Source: UPSUPS has appointed Ufku Akaltan as the president for its business in the UK, Ireland, Nordics and India.Akaltan will lead the operations and growth strategies across the expanded district and will also be tasked with strengthening the firm's presence on the UK to India trade lane.He began ...
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NewsAir Canada sees cargo revenues dip in Q3
Air Canada continued to report declines in its cargo revenues during the third quarter of the year, although the drop-off has narrowed as the year has progressed.The latest quarterly figures from the combination carrier show that cargo revenues in the third quarter declined by 23.7% year on year to C$315m.However, ...
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Production complete for China's first ARJ21 converted freighters
The Commercial Aircraft Corporation of China, Ltd. (COMAC) has delivered the first two freighter conversions of ARJ21 passenger planes, said Xinhua, China's state-owned press agency.ARJ21s are short- medium-range turbofan regional aircraft that were independently developed by China.The converted aircraft has a designed maximum payload of 10 tonnes and a flight ...
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AEI to carry out Boeing 737 freighter conversions for Air Inuit
Freighter conversion company Aeronautical Engineers, Inc. (AEI) will carry out three Boeing 737-800SF freighter conversions for Canada-headquartered Air Inuit.US-based AEI said two of the aircraft will be converted as combi passenger/cargo aircraft.The first aircraft, (MSN 40852) is due to begin modification in November and will be redelivered in late March ...
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NewsIAG Cargo sees revenues dip and volumes rise
IAG Cargo saw its revenues fall in the third quarter of the year despite its volumes increasing.The airline group, which includes British Airways and Iberia, registered a 29.5% decline in revenues during the period to €263m.Meanwhile, air cargo traffic increased by 19.7% to 1.1bn cargo tonne kms.The reason for the ...