All articles by Air Cargo News (Admin) – Page 237
-
News
Qantas Freight profits in rapid descent
Qantas Freight reported underlying earnings before interest down 29% in the second half of 2016. They fell by A$11m to A$27m in the six months to end of December.The Australian carrier said that freight conditions “remain challenging worldwide”, although “there are signs of stabilisation” with Qantas Freight well-placed to meet ...
-
News
New deal could cut trade red tape
The global airfreight industry has welcomed a new international deal saying that it could, if fully implemented, cut costs and delays in international trade. However, some question whether it will be fully realised, given the rise in protectionist sentiment in many countries.The International Air Transport Association (IATA) applauded the World ...
-
News
Hactl gains CEIV certificate
Hong Kong Air Cargo Terminals Limited (Hactl) has become the first handler in the Territory to gain full IATA CEIV Pharma certification. It is the result of an initiative sponsored by the airport authority, in which all relevant industry players undergo validation for the standard.IATA CEIV Pharma represents a co-ordinated ...
-
News
ACS to the rescue in Arctic emergency
Air Charter Service swung into action when a passenger aircraft became stranded on the edges of the Arctic Circle.A Swiss Airlines Boeing 777-300ER had been en route from Zurich to Los Angeles when it developed an engine fault over the far north of Canada.It made a smooth emergency landing at ...
-
News
Dimerco reorganises for future growth
Taiwan-based freight-forwarder Dimerco Express announced a number of internal appointments at its annual management meeting on 10 February, including relocating key staff to develop opportunities in the buoyant North America and Europe regions.Paul Lee becomes chief commercial officer, while Joey Chou was appointed corporate vice president, business development. Andy Hsu ...
-
News
Drewry price index in lowest monthly margin decline since 2012
Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since it started in 2012, suggesting greater stability in the market, said the analyst’s Sea & Air Shipper Insight.While Drewry expects to see a decline between December and January, the reduction was less than in previous ...
-
News
December airfreight prices remain ahead of 2015 levels
Airfreight prices continued to track ahead of the year-ago level in December, despite a seasonal drop-off in prices.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average buy rate across 21 major east-west routes reached $3.14 per kg in December.December was only the second ...
-
NewsAir cargo "outperformed forecasts" in 2016
Air cargo traffic growth “outperformed forecasts” in 2016 after ending the year with a demand surge.The latest figures from IATA show that air cargo traffic measured in freight tonne km (FTK) terms increased by 3.8% year on year in 2016.IATA said this was more than double the average growth rate ...
-
News
Air cargo has best quarterly performance since 2010
WorldACD has hailed the final three months of 2016 as the best quarter for air cargo since 2010.The analyst said that demand during the final quarter of last year in weight terms increased by 7.5% year on year, helped by a 9.4% improvement in December.“Contrary to previous years, the origins ...
-
News
Not a job for the down-to-earth
Is your boss a high-flyer – in both senses of the word? He could well be, say researchers at Canada’s McGill University.Jingjing Zhang, assistant professor of accounting at Desautels School of Management claims that there is a link between chief executives who search for exciting yet risky experiences – such ...
-
News
Liege recruits Cologne cargo director Franz Heuckeroth van Hessen
Liege Airport in Belgium is to appoint Cologne-Bonn cargo and sales director Franz Heuckeroth van Hessen to the new post of vice president air services from May 1.Amsterdam-born van Hessen spent 11 years in the pharmaceutical sector before entering the airfreight industry with Copex Air in 1999 and then becoming ...
-
News
Seven days a week to Saudi from Manchester
Saudia is to operate twice weekly 787 Dreamliner passenger and cargo flights between Manchester and Riyadh from June 23. The new Monday and Wednesday departures complement five existing flights a week to Jeddah, giving a daily service from the northern UK city to Saudi Arabia.Connections are available to other Middle ...
-
News
German giant on the prowl in North America
DB Schenker is on the hunt for a US acquisition, according to recent press reports.The Wall Street Journal quoted chief executive Jochen Thewes as saying that the German-based forwarder is looking to expand outside its current core Europe/Asia market, possibly by buying a major US domestic player.The report added that ...
-
News
Cargo handler LUG realigns to meet market challenges
LUG Aircargo has realigned its management team to tackle future market challenges, says the German handler.A new strategic product development department is headed by current operations manager Wolfgang Voigt, while Axel van Hees has been promoted to manager of operations at the Frankfurt station.LUG managing director and chief executive Patrik ...
-
News
Emirates to fly into Phnom Penh
Dubai-based Emirates is to launch a daily B777-300ER passenger connection with the Cambodian capital of Phnom Penh on July 1. A new Dubai–Yangon-Phnom Penh route is to be created.The launch of daily services from Dubai to Phnom Penh will coincide with the introduction of a direct, non-stop route between Dubai ...
-
News
Airberlin to add three A330-200s to fleet to support long-haul operations
Germany-based low-cost carrier airberlin is adding three wide-body Airbus A330-200 aircraft to its fleet as it prepares for its biggest long-haul summer flight schedule to the US.The new aircraft will join airberlin’s existing A330 fleet of 14 aircraft. The first will go into operation with the carrier this month (February), ...
-
News
TIACA encourages tomorrow’s airfreight leaders
Young professionals from six logistics companies in the Netherlands have taken part in a new programme aimed at developing talent and improving collaboration across the airfreight supply chain.Each of them – from Air France KLM Martinair Cargo, Jan De Rijk Logistics, Tosoh Corporation, Valeant Pharmaceuticals International, Agility and Swissport – ...
-
News
Norwegian reports record result
Norwegian, otherwise known as Norwegian Air Shuttle, has reported record net profits for 2016.The carrier said that net profit of 1,135mn Norwegian krone ($135.7mn) had been achieved on the back of “global expansion driven by new routes, high load factors and continued fleet renewal”.New intercontinental routes were added over the ...
-
News
Happy Anniversary, Cargojet
Canada-based overnight freight carrier Cargojet is celebrating its 15th year in business.“It gives me great joy and pride in joining the Cargojet team, our customers, our shareholders and our Board of Directors in celebrating our 15th year anniversary,” announced Ajay Virmani, president and chief executive.“We have had a tremendous journey ...
-
News
Dubai Customs calls for greater collaboration on trade and security
Dubai's top customs official has said that greater co-operation is needed between local, regional and international authorities to facilitate trade and sustain high levels of security.“With the UAE’s positioning as a world-class transport and integrated logistics hub, it has become more important than ever to deploy effective screening and detection ...