All articles by Air Cargo News (Admin) – Page 128
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News
Flexport secures more funding through investment from SF Express
Chinese express giant SF Express has invested $100m in Flexport as the company looks to continue its rapid expansion.Flexport said it would use the investment to expand operations in China and around the world. The company recently revealed to Air Cargo News it has set the target of increasing revenues ...
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DHL expands airfreight operation in response to Asian demand
DHL Global Forwarding is expanding its round-the-world freighter operation to meet demand growth on Asian and transpacific trades.The forwarding giant said that it would a deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia, following on from the launch of ...
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Airports see lower pace for international cargo growth in February
Airports worldwide recorded a lower growth rate for international cargo in February 2018, although continued economic growth and global trade led to an increase overall of 6.3% in total freight volumes.Airports Council International (ACI) World, in its monthly statistical review, said: "The change of pace was mostly due to a ...
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NewsMarch sees air cargo growth slow to its lowest level in 22 months
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown.The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, ...
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AIA scoops several airline deals as Q1 cargo revenues improve
General sales and service agent (GSSA) AIA Cargo has won new deals with five airlines, while revenues and tonnages increased during the first quarter of 2018.The GSSA announced today that it had won contracts to provide Air Arabia Maroc, Air Baltic, Imperial Cargo Airlines, EL AL and United Airlines with ...
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Virgin Atlantic Cargo achieves GDP compliance in the UK
Virgin Atlantic Cargo has been granted Wholesale Distribution Authorisation (WDA) at its headquarters close to Gatwick Airport, confirming the airline’s compliance with Good Distribution Practice (GDP) guidelines.The airline said it decided to embark on gaining WDA in response to customer demand. Virgin Atlantic Cargo’s WDA accreditation at its headquarters follows ...
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WCA expands presence in China and e-commerce
Freight forwarder network WCA has expanded its presence in China in response to growth of members in the country while it has also appointed a new member of its e-commerce team.WCA has opened a new member support office in Shenzhen, China, as well as hiring former DHL eCommerce international trade ...
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CH Robinson sees airfreight revenues increase by over 20% in Q1
US forwarder CH Robinson saw airfreight revenues increase by more than 20% in the first quarter of the year as market growth and acquisitions helped boost performance.The company said its freight forwarding division saw total revenues for the quarter increase by 18.1% to $553m on the back of double-digit volume ...
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UK's logistics sector told to do more to avoid staff shortfall
Logistics firms are targeting students as young as 14 in an attempt to create more interest in the profession, as fears intensify of a gaping staff shortfall in the future.Speaking at the Multimodal exhibition, Ian Nichol, head of logistics at Career Ready, said that the industry is expected to need ...
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Globe Air Cargo NL scoops IAG Cargo deal
IAG Cargo has appointed Globe Air Cargo (GAC) NL as its general service and sales agent (GSSA) in the Netherlands.GAC NL, which is part of the ECS Group, will begin acting as IAG Cargo's GSSA from March 1, "expanding and optimising" the airline group's services for freight customers.The ECS Group ...
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WFS wins two new cargo handling deals in Copenhagen
Worldwide Flight Services’ (WFS) cargo handling business at Copenhagen Airport has won new deals with Air China and Royal Jordanian Airlines.From May 30, WFS will begin handling cargo carried onboard Air China’s five Airbus A330 passenger flights a week connecting Copenhagen with Beijing Capital International Airport.It expects to handle around ...
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UPS appoints new VP of global healthcare
UPS has appointed Chris Cassidy as vice president of global healthcare logistics strategy.In his new role, he will "lead and advance" UPS’s commitment to the healthcare supply chain.Cassidy possesses more than 18 years of global logistics and business change experience, holding various supply chain operations, strategy and transformation roles at ...
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Volga-Dnepr appoints Paul Nolan to shape fleet development
Volga-Dnepr Group has appointed Paul Nolan as fleet development director.Nolan has worked in aviation commerce for more than 30 years, most recently spending more than 15 years as senior vice president, aircraft asset management, for DVB Bank SE, covering clients in the EMEA region, Japan, India, Russia and the CIS.He ...
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Cargo heads upbeat on profitability for next 12 months
The majority, some 61%, of heads of cargo and airline chief finance officers expect their level of profitability to improve further over the coming 12 months.When surveyed in early-April by IATA, 67% of senior managers also indicated an improvement in year-on-year profitability in first quarter of 2018 compared with the ...
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NewsDSV sees airfreight volumes continue to grow
DSV continued to report strong growth in airfreight volumes during the first quarter of the year, while revenues also improved.The Danish forwarder saw first-quarter airfreight volumes increase by 10.9% year on year to 163,000 tonnes. Last year the company saw airfreight volumes improve by 10.6% year on year, helped by ...
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John Smith to head up FedEx Freight after Ducker's retirement
FedEx has named John Smith as president and chief executive of FedEx Freight effective August 16.Smith currently serves as senior vice president of operations at FedEx Freight and will succeed Michael Ducker, whose pending retirement was announced earlier this month. A 32-year veteran of the transportation industry, Smith joined FedEx ...
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Air cargo volumes up 4.8% during the first quarter
Global air cargo volumes improved in the first quarter but growth slowed as the period progressed as the effects of Chinese New Year continued into March.The latest figures from analyst WorldACD show that air cargo demand increased by 4.8% year on year during the first three months of the year.This ...
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AEI lands 23rd B737-400SF for VX Capital Partners
Aeronautical Engineers Inc. (AEI) has signed a contract to provide Vx Capital Partners (Vx) with an additional B737-400SF passenger aircraft to freighter conversion, marking the twenty-third AEI type conversion for Vx.Modification work on the aircraft will start next month (June) and will be redelivered to lessor Vx in October this ...
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March airfreight prices up on 2017 levels
Average airfreight rates in March are down on February’s levels but continue to track ahead of last year’s figure for the month.The latest airfreight price index from consultant Drewry’s Air and Shipper Insight report show that average all-in buy rates paid by forwarders to airlines on 28 east-west routes reached ...
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Longhao Airlines looks to add international cargo routes
Domestic Chinese cargo carrier Longhao Airlines is planning to launch two international cargo services from Nanchang Airport by June of this year.Details on where the service will operate to are thin on the ground, but the airline operates a fleet of three short-to-medium range B737-300 freighters meaning, unless it adds ...