All articles by Air Cargo News (Admin) – Page 191
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News
Agility airfreight beats the market but net revenue under pressure
Agility’s air freight tonnage grew 14.7% in the second quarter of 2017 – above the market average, said the Kuwait-based forwarding and logistics company.The air cargo performance contributed to a 9.6% increase in revenue for Agility Global Integrated Logistics (GIL), the company’s core logistics business, in the quarter, to 255.2 ...
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NewsAsian airfreight rates on the up, but transatlantic feels the squeeze
Airfreight rates on services from Asia continued to track ahead of last year’s levels in July, while some weakness was noticed on the transatlantic.The latest figures from TacIndex show that airfreight rates on services from Hong Kong to the US increased by 33% year on year in July to reach ...
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Analyst sees upsurge in forwarding mergers
Increasingly disparate financial performance among leading players will lead to more mergers and acquisitions in freight forwarding, says two industry experts.David Kerstens and Hamish Dalgarno, respectively equity analyst and equity associate at investment banker Jefferies International said in a report that there is a growing performance divide in the freight ...
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News
Pekoske takes charge of US air security
The US Senate has confirmed David Pekoske’s appointment as head of the country’s Transportation Security Administration (TSA).Pekoske, who was earlier endorsed by President Trump, is a US Coast Guard veteran, where he was lately vice commandant.He will be tasked with ramping up airline security and raising morale at the TSA, ...
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Ceva maintains momentum in tough airfreight market
Ceva said its air freight volumes jumped 15.6% in the second quarter of the year, notably on the Trans-Pacific and Intra-Asia trade lanes.The Netherland-headquartered forwarding and logistics firm said that although the market situation remains difficult, with rising carrier rates, yields were maintained at relatively high levels.Ceva added that productivity ...
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XPO gets its shopping list out again
XPO Logistics could soon be going on another buying spree, said chief executive Bradley Jacobs as he revealed a jump on net income to $75m in the first quarter of 2017, compared with $50.4m in the same period in 2016.He told Reuters that the US-based logistics giant is pursuing “deals ...
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Perspex sees clear advantages from Tigers deal
Logistics and transport company Tigers is to partner with acrylic products maker Perspex SA Gauteng in South Africa for all its warehousing and distribution needs.Perspex South Africa manufactures extruded acrylics, styrenics, polycarbonate, aluminium composite sheeting, polypropylene, polyethylene and extruded polyurethane products.Through the partnership, it aims to will improve its service ...
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News
Name ten famous Belgians – OK, make it five, then…
Brussels Airlines is calling on its compatriots to name a fifth Belgian Icon to dedicate another of its aircraft to, a creative competition “open to all fans of Belgium around the globe”.It says: “Following the immense popularity of Rackham, Magritte, Trident and Amare, Brussels Airlines goes in search of a ...
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News
CCS-UK to speed up Heathrow cargo
The user group for the CCS-UK airfreight community system is working on a new module to speed up deliveries and collections at London Heathrow Airport transit sheds.CCS-UK Advanced Info will enable freight agents, and transport companies working on their behalf, to alert handling agents of deliveries, down to House AWB ...
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Qatar Airways dumps plan for American Airline stake
Qatar Airways has dropped a plan to acquire up to a 10% stake in American Airlines, according to press reports. In a statement, the Middle Eastern carrier said that “taking into account the latest public disclosure of American Airlines”, the investment “no longer meets our objectives”.The US carrier had vociferously ...
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News
Kreutel takes the helm at Fraport Cargo
Felix Kreutel will take over as head of Fraport’s cargo development and management department on 1 October. He joined the airport operator in 2000 and has, since 2015, been vice-president of the Fraport’s cargo and logistics department.He will succeed Dirk Schusdziara, who will become head of the commercial affairs department ...
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Frankfurt puts in a strong cargo performance
Frankfurt’s cargo throughput (airfreight + airmail) climbed by 5.3% year-on-year, to nearly 1.1 million tonnes In the first six months of the 2017 business year, said airport operator Fraport in its half yearly report, published on 3 August.Europe's busiest cargo hub said that cargo traffic continued its growth trend from ...
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VIDEO: DHL completes 'smart glasses' pilot programme
Deutsche Post’s contract logistics arm, DHL Supply Chain, has completed a pilot programme using smart glasses in its warehouses in the US and Europe.The high tech eyewear provide visual displays of order picking instructions along with information on where items are located and where they need to be placed on ...
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PACTL breaks its cargo records
Shanghai Pudong International Airport Cargo Terminal (PACTL) saw record volume in the first half of 2017, beating the tonnage handled in the corresponding period of last year by 12%.Total tonnage at the handler – the airport’s largest - for the first half of 2017 was 873,573, up 12% on 2016. ...
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German drinks forwarder sets up in the UK
German-owned freight forwarder Robert Kukla has launched a UK subsidiary to focus on beverage logistics.Based in Brentwood, north-east London, it will be Robert Kukla’s first UK - based company and also the largest in terms of investment and potential.It is led by new managing director, Steve Wood, along Lynda Simms ...
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Muted airfreight growth for DSV as it digests UTi
Danish-headquartered forwarder and transport company DSV said its airfreight division increased volume by 10% in the first half of 2017, helped by its acquisition of UTi at the start of last year.This put it slightly ahead of the market, which was up 8%, it said in its interim financial report, ...
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Atlas announces B747F leases and improving Q2 financials
Atlas Air Worldwide has reported improvements in second-quarter revenues and profits, while also announcing the placement of three freighters with Hong Kong Air Cargo Carrier.Shortly before announcing its second-quarter results, the Purchase-headquartered aircraft lessor announced that it had placed three Boeing 747-400 freighters with Hong Kong Air Cargo on an ...
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Air Charter Service spreads its wings in Canada
Air Charter Service’s Canadian office has moved to larger premises in Toronto in anticipation of further expansion. Since opening in the city in 2010 the office has steadily grown in terms of staff, revenue and number of charters, it said.Managing director of ACS Canada, Gary Hopkins, explained: “After outstanding growth ...
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Gypsy moth makes its home at Heathrow
Heathrow’s biodiversity engineers – (yes, there is such a profession, and yes, the UK’s busiest airport has some on its staff) say they have discovered the 3,000th species known to be living in the 170 hectares of land it manages.Why and how Cydalima Perspectalis, more commonly known as the Box ...
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NewsOptimistic IATA sees steady air cargo growth
Global freight tonne kilometres (FTKs) put in their strongest first-half performance for seven years, said IATA in its report for the first six months of 2017, published on 2 August.Traffic grew by 10.4% in the first half of 2017 compared to the first half of 2016, the best showing since ...