All articles by Air Cargo News (Admin) – Page 163
-
NewsAirfreight rates continue to rise as sector faces capacity crunch
Airfreight rate growth continued on an upward trajectory in November with hopes the strong performance could continue in December as forwarders continue to report a tightening of air cargo space.The latest figures from TAC Index show that in November average rates on services from Hong Kong to North America increased ...
-
News
Success is in the air for Europa Worldwide
UK forwarder Europa Worldwide’s airfreight division has had its most successful year to date with a 68% increase in profits.Air consignment volumes have doubled in 2017, compared to the same period last year, and the division’s targets for the whole year were reached in just nine months, said the company.The ...
-
News
Strong cargo growth will help airlines hike profits
IATA is forecasting a 4.5% rise in global cargo carried from 59.9m tonnes in 2017 to 62.5m tonnes in 2018 in its latest analysis, contributing to an improvement in overall airline profitability to $38.4bn compared with an expected $34.5bn this year.While the cargo growth foreseen is below the expected 9.3% ...
-
News
Airest to take Europe’s first CRJ200 conversion
Aeronautical Engineers Inc. (AEI) has signed a contract to provide Miami-based aircraft supplier Regional One with a CRJ200 SF Freighter who will lease it to Estonia-based Airest.Modification of the aircraft has already started at Commercial Jet’s Miami, Florida facility and it will be re-delivered to the carrier in April 2018.Regional ...
-
News
UPS beefs up trade services with Sandler & Travis buy
UPS has acquired Sandler & Travis Trade Advisory Services (STTAS).Described by the logistics firm as the world’s largest independent provider of global trade management services, SSTAS is US-based but almost 70% of its employees work outside of the US, in locations including Shanghai, Bengaluru, Aberdeen, Warsaw, Mexico City, Buenos Aires, ...
-
News
Drewry airfreight index sees 21 cent surge in October
Drewry’s East-West Airfreight Price Index of 28 major routes gained another 20 cents in October to reach a year-high $2.89 per kilo.This followed a 12 cents jump to $2.68 per kilo in September.The index is now only 10 cents below the high of $2.99 reached in November 2016, after which ...
-
News
Boom time in Korea
Pilots in Europe and North America worry – quite rightly – about hitting drones, which weigh a couple of kilos or so; but their Far Eastern colleagues have to consider the possibility of encountering a North Korean missile the size of a large truck.The North Korean’s leader’s penchant for letting ...
-
News
Simarco buys two more freight firms
UK forwarder Simarco International has bought out fellow UK firms Formula Goss International (FGI) and Sutch and Searle.The latter specialises in airfreight at its headquarters at Heathrow Airport. FGI operates air, sea and road routes - including daily services to Italy and Gibraltar - out of offices at Bedford.Simarco founder ...
-
News
New York JFK to revamp cargo area
Port Authority of New York and New Jersey commissioners have approved a $70m deal to build a 346,000sq ft cargo handling building at JFK airport as the first stage of the Vision Plan to revamp outdated facilities at the US gateway.Under the plan, two existing empty 40-year old buildings will ...
-
News
A precious cargo
Kenya Airways Cargo has flown a crew of 700 teddy bears from the UK after they staged a flash-mob outside St Paul’s Cathedral in London.The bears first came together in the summer when the international children’s charity, World Vision UK, organised a sit-down stunt on the steps of the cathedral ...
-
News
Brussels becomes first WFS CEIV station in Europe
Brussels has become the first Worldwide Flight Services' (WFS) European cargo station to achieve IATA CEIV Pharma certification.The handler has installed two dedicated pharma cells in its main warehouse in Brussels, operating at 15-25°C and 2-8°C, and has also adopted specific handling procedures and provided training for staff working in ...
-
News
Honours across the board for Hactl and Kerry Logistics
Kerry Logistics and Hactl management have been recognised by the Hong Kong Institute of Directors.Kerry Logistics' board of directors and group managing director William Ma have been selected as winners in the Boards and the Executive Directors categories, respectively, in the listed companies (Hang Seng).The judges commended the Kerry Logistics ...
-
News
Swissport appoints communications chief
Air cargo and ground handling company Swissport International has appointed Christoph Meier as vice president head of group communications.A Swiss national, he takes over strategic and operational responsibilities for all group communications, reporting directly to group president and chief executive, Eric Born.He joins Swissport from Lufthansa Group, where he was ...
-
News
Qatar cuts its fuel bill and gains green award
Qatar Airways has gained accreditation to the highest level of IATA’s Environmental Assessment programme (IEnvA), becoming the first Middle East airline, and the fifth worldwide, to achieve IEnvA Stage 2.Qatar Airways group chief executive, Akbar Al Baker, (left) was presented with the certificate by IATA director general and chief executive ...
-
News
FedEx ready for the Christmas rush
FedEx expects says it expects to handle 380-400million packages on its global network between Black Friday (24 November) and Christmas Eve.It also predicts that it will more than double its average daily volume of 13 million shipments on three Mondays over the Christmas period.It attributes the surge to e-commerce-savvy consumers ...
-
News
October cargo demand down but it’s looking good for Incheon
Incheon Airport’s international cargo fell 2.5% in October but the South Korean gateway still registered a 8% rise in year to date traffic.The airport authority said October’s decrease was partly due to the loss of over four working days to the ‘Golden Holiday’ period.Moreover, indicators including the US inventory to ...
-
News
Here comes the Boeing bride & groom
Here’s an idea if Prince Harry and Meghan Markle find that the room above the Dog & Duck in Windsor is booked out for their big day next year – have the ceremony in a Boeing 747.Cotswold Airport in the heart of the Gloucestershire countryside – formerly known as Kemble ...
-
News
Cathay sees fruitful season ahead
Major cargo markets remain robust, ahead of an anticipated surge in perishables shipments in December, saysCathay Pacific general manager for cargo service delivery, Frosti Lau.In the carrier’s latest newsletter, he said that transpacific routes and those to Europe and India remain “robust” while Asia Pacific recorded a 14% weekly increase ...
-
News
West Atlantic in talks with potential ‘significant’ shareholders
West Atlantic is in “advanced discussions” with “parties who have shown serious interest in taking on a significant shareholding in the company”, said chief executive and president, Fredrik Groth in the Swedish cargo airline’s third quarter interim report.Admitting that the carrier – a major air network provider to several European ...
-
News
Atlas Air work to rule halted - but union to appeal
The US District Court has granted a preliminary injunction ordering the International Brotherhood of Teamsters (IBT) to halt its work slowdown at Atlas Air Worldwide (AAWW).The two sides have been involved in a dispute over pilot contracts after their planned merger with Southern Air.In a statement, Atlas Air said it ...