All articles by Air Cargo News (Admin) – Page 112
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News
FTA urges UK government to ensure Brexit position does not disrupt trade
UK shipper and logistics group the Freight Transport Association (FTA) has urged the government to ensure that its final Brexit agreement allows businesses on both sides of the channel to continue to trade freely.“The time for talk is definitely over,” says James Hookham, Deputy Chief Executive of FTA. “Businesses urgently ...
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Compass to provide logistics support for New York E-Prix
Compass Forwarding has been selected to provide logistics support for the 2018 Qatar Airways New York City E-Prix, scheduled for July 14–15.The automotive logistics specialist will provide staging, warehousing, and logistics for vehicles as well as spare parts and accessories.Compass director Richard Shelala said: “We have a long history in ...
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CMA CGM obtains regulatory green light for 24.9% stake in CEVA
CMA-CGM, the world's third largest container shipping group, has obtained all regulatory approvals to complete its 24.99% shareholder investment in supply chain specialist CEVA Logistics.CMA CGM made a strategic investment in convertible securities issued by CEVA in a concurrent private placement at the time of CEVA's initial public offering (IPO) ...
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TRACY is listening to GEFCO's customers
European logistics provider GEFCO is pioneering TRACY, a voice-activated shipment tracking tool for customers using smart speaker technology and logistic software, Cargowise.GEFCO’s freight forwarding division, which handled around 77,000 airfreight shipments in 2017, developed TRACY for customers requiring real-time monitoring of high-priority consignments.Supply chain operator GEFCO, a finished vehicle logistics ...
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Gatwick handled goods worth £7.5bn in 2017
London Gatwick airport saw £7.5bn of international goods pass through the gateway in 2017, in trade that supported 113,800 UK jobs — according to detailed analysis published by Oxford Economics, the economic forecasting and modelling consultancy.Metals/metal parts worth £2bn and vehicles/autoparts totalling £1.7bn were the two biggest categories of goods ...
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Ogiermann joins Volga-Dnepr Group
Former Qatar Airways cargo chief Ulrich Ogiermann has joined Volga-Dnepr Group as senior vice president for operations and as deputy general director for CargoLogicManagement (CLM), stepping up to a full-time role after being employed as a consultant at CLM.Ogiermann will be responsible for the implementation of Volga-Dnepr’s international cargo airlines ...
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Reports link Ethiopian and DHL in joint venture
Unconfirmed reports suggest that Ethiopian Cargo, Africa’s largest cargo operator, is to sign a joint venture with parcels and logistics giant DHL.An Ethiopian newspaper, citing Ethiopian Airlines Group chief executive Tewolde Gebremariam, said that the partners would set up a new company, with Ethiopian owning 51% and Germany-headquartered DHL 49%.Sources ...
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World's largest jet engine hitches a lift home to Ohio
GE Aviation partnered with Volga-Dnepr Airlines to return the world’s largest jet engine to Ohio, following the GE9X’s successful on-wing testing in Victorville, California.Volga-Dnepr provided logistics support for the GE9X engine’s return to Ohio for additional testing at GE Aviation’s Test Operations facility in Peebles. This was Volga-Dnepr’s second flight ...
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Defence is the best form of airfreight says dragon
Airfreight must revolutionise its supply chains and base them more on the $1.7trn global defence sector, if it is to thrive, according to OMX founder and “dragon” Nicole Verkindt.Verkindt, who established the OMX procurement network and supply chain platform, argues that strong collaboration, visibility and digitisation are all concepts the ...
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Saudia Cargo boss Hariri joins IATA cargo committee
Saudia Cargo chief executive Omar bin Talal Hariri has become a member of the IATA Cargo Committee.The committee of 19 members represents different global airlines and is one of six IATA main industry committees along with: Finance, Environment, Industry Affairs, Legal and Operations.The Cargo Committee advises on issues including cargo ...
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Tigers grrrrows in Germany
Tigers has opened a new office at Frankfurt Airport to act as a gateway for Europe by creating airfreight consolidation products, starting with the trade lane between Germany and South Africa.The Hong Kong-headquartered e-commerce specialist’s third office in Germany is headed by Marc Acksteiner and offers international freight forwarding and ...
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CEVA set to refinance its debts with a $400m private offering
CEVA Logistics is set to go to the markets with a proposed $400m private offering to refinance its existing debt facilities and may seek a further $35Om "at a later stage".The Switzerland-based supply chain company also plans to enter into a new $600m Senior Revolving Credit and Ancillary Facility (RCF) ...
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NewsAirfreight rates on the up in June
The month of June saw airfreight rates continue to track ahead of last year’s levels, however the summer slowdown and tourist season has seen some drop off on certain routes compared with May.The latest figures from Tac Index show that airfreight rates on services from Hong Kong to North America ...
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Lufthansa Cargo confirms new B777Fs to initially expand capacity
Lufthansa Group’s decision-making bodies have approved Lufthansa Cargo’s operation of two new Boeing 777Fs ordered in May, which will initially be used to increase capacity.Although it had largely been assumed when the aircraft were ordered that the aircraft would be operated by Lufthansa Cargo - the press release even included ...
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European airports see cargo growth stagnate in May
Airfreight traffic growth at European airports was flat in May as strikes took their toll on the market.The latest figures from Airports Council International (ACI) Europe show that freight traffic increased by just 0.8% year on year in May.This compares with an increase of 3.5% year on year over the ...
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NewsAirbus expects freighter fleet to increase by 65% over the next 20 years
Airbus expects the world’s freighter fleet to grow by more than 50% over the next 20 years, fuelled by demand in North America and Asia Pacific (see charts below).The aircraft manufacturer today released its biennial market forecast, with its figures showing that the number of freighter aircraft will grow from ...
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Virgin Atlantic Cargo awards Australian handling contract to Menzies
Virgin Atlantic Cargo has awarded a three-year cargo handling contract to Menzies Aviation in Australia.The new agreement saw Menzies take over Virgin Atlantic’s cargo handling in Melbourne on June 8, with Brisbane to follow on July 9, and Sydney on August 7.The move will support Virgin Atlantic’s longstanding international long-haul ...
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SEKO adding flagship facility close to Heathrow as UK business booms
SEKO Logistics is investing in a new flagship airfreight and omni-parcel services facility close to London Heathrow airport as the logistics group’s UK revenues are set to top £100m for the first time.With an eye on Brexit, when the UK leaves the European Union, US-based SEKO said that Heathrow will ...
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Inefficient supply chains cost UK businesses £1.5bn per year
Inefficient supply chains and miscommunication in air and oceanfreight are costing UK businesses £1.5bn per year, according to a new study.The research, published by digital freight forwarder Zencargo, found that processing each shipment takes on average three hours, with 50,000 jobs tied up in procurement, managing suppliers and freight administration.Red ...
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ACT extends lease of B747F
ACT Airlines has extended the lease of a Boeing B747-400F aircraft from the Libra Group's Lease Corporation International (LCI) on a long-term basis.ACT Airlines is a Turkey-based wet-lease operator, which was founded in 2004, and operates a fleet of five B747-400F/ERF aircraft for its own operations, under the myCargo brand, ...