All articles by Air Cargo News (Admin) – Page 258
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Canadian transport minister 'miscommunicated' on foreign ownership rules for cargo carriers
Foreign owners will be able to take up to a 49% stake in Canadian cargo airlines, the government has confirmed after an earlier policy "miscommunication".Canada’s transport minister Marc Garneau has clarified his earlier statement that seemed to suggest that a raising of the cap on foreign ownership, from 25% to ...
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Ex-Delta cargo boss Neel Jones Shah joins the Amerijet board
Ex-Delta cargo boss Neel Jones Shah has been appointed to the board of managers at the parent group of Amerijet, the Miami based scheduled freighter operator.Shah’s appointment, “to help the company fulfil its strategic growth objectives and operational goals” follows a change of ownership at Amerijet in the summer of ...
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Matheson wins Cathay handling at Portland
Matheson Flight Extenders has signed a freight consolidation agent agreement with Cathay Pacific to provide US import/export air cargo services at Portland International Airport in Oregon.Cathay Pacific Cargo this month (November) launched a twice-weekly scheduled Boeing 747-8 freighter service between its Hong Kong home hub and Portland, the Asian carrier’s ...
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AirBridgeCargo beats annual tonnage record
Fast growing AirBridgeCargo beat its annual tonnage record last month, its thirteenth consecutive year of growth, as it continues to expand fleet and network.The all-cargo airline recorded a 30% improvement in demand in October to 57,608 tonnes bringing its total for the first ten months of the year to 498,177 ...
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Hong Kong joins Shanghai with bumper October cargo volumes
China’s top two cargo hubs, Hong Kong and Shanghai, both enjoyed bumper volume rises in October.Hong Kong International Airport (HKIA) handled 420,000 tonnes of cargo, up 7.1% from the same period last year, while year to date volumes grew 1.9% to 3.7m tonnes compared with previous year.A spokesperson for HKIA ...
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CEVA sees airfreight improvement but stays in the red
CEVA Logistics recorded double-digit airfreight growth during the third quarter of the year but revenues declined on currency effects and it reported another loss.The world’s twelfth largest airfreight forwarder recorded a 1.2% year-on-year decline in revenues during the period to $1.7bn and its net loss for the period stood at ...
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Shanghai's PACTL had a record breaking October for airfreight
Shanghai Pudong Int’l Airport Cargo Terminal Co Ltd (PACTL) handled 153,607 tonnes in October, a volume growth of 8.9% year-on-year and the highest monthly tonnage in the ground handler’s history.The largest provider of air cargo handling services at Shanghai Pudong International Airport (PVG) recorded a 3.2% rise in tonnages year ...
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NewsRapid growth and need for speed fuels DHL's Leipzig investment
When DHL Express first announced plans to switch its main European hub to Germany’s Leipzig-Halle Airport in 2005 it was hard to imagine how quickly freight tonnages would increase once the facility was open.In 2007, the year before the new DHL hub was opened, the airport handled 101,364 tonnes. In ...
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Lufthansa Cargo re-signs for innovation scheme
Lufthansa Cargo has signed up to once again participate in a scheme to identify companies with innovative ideas that could be applicable to the air cargo supply.The Logistics Tech Accelerator programme from US firm RocketSpace helps identify and select young technology companies to help bring their ideas and visions of ...
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Jaw dropping transport for An-124
An 88-tonne ‘jaw crusher’ used for gold mining has arrived at Russia’s Sokol Airport in Magadan onboard one of Volga-Dnepr Airlines’ An-124-100 freighters.The jaw crusher, which was transported along with other equipment and tooling from Pulkovo Airport in Saint Petersburg, will be used for primary ore crushing during the gold ...
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NewsLATAM cargo revenues and volumes slide in Q3
Cargo revenues at the LATAM Group continued to decline during the third quarter of the year as a result of a decline in traffic and yields.The South American carrier recorded total cargo revenues of $266m during the third quarter compared with $310m during the same period in 2015.The decline was ...
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B&H appoints new regional MD
Aerospace logistics and warehousing provider B&H Worldwide has appointed Mark Nightingale as regional managing director for the Europe, Middle East and Africa region (EMEA).He joins the company from UPS where he held the position of managing director freight forwarding for UK, Ireland and Nordics.At B&H he will be responsible for ...
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Freightos launches freight rate calculator
Freightos, the online freight marketplace, has launched its Freight Rate Calculator for international multimodal logistics that includes air cargo.The calculator is currently being launched as a public beta.Hong Kong-based Freightos said that the calculator allows retailers, exporters, distributors and wholesalers to access “immediate freight rate estimates for ocean, air, and ...
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Emirates Group profits slide 64% while cargo volumes remain flat
The Emirates Group saw profits decline by 64% in the first half of the year, while cargo volumes remained stable and capacity increased 9%.Group revenues for the first six months of the financial year, which include Emirates and dnata figures, increased by 1% on the same period last year to ...
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Frankfurt, Heathrow and Stansted see October cargo increases
Europe’s leading cargo airports recorded a rise in airfreight throughput during October.Frankfurt, the continent’s number one cargo hub in 2015, recorded a 4.8% rise in cargo volumes in October to just over 194,000 tonnes, the second largest October figure in the German airport’s history.Frankfurt’s bounce, while still only a 1.6% ...
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Airline and pilot groups eager to work with Trump on modernising US aviation infrastructure
Airlines for America (A4A) and the Air Line Pilots Association International (ALPA) have welcomed Donald Trump as US President-elect and said urged him to follow through on campaign pledges to modernise infrastructure.Trump, in his acceptance speech and during his campaign, put forward a $1trn plan to improve infrastructure as part ...
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BDA Logistics adds new hub at Birmingham airport
BDA Logistics Innovation, which operates its own freighter flight, has moved into a new, larger base at Birmingham Airport in the UK from its previous base further away from the airport.The time critical logistics firm’s new facility will act as a base for its national through-the-night delivery service and its ...
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B747-400F service between Germany and South Carolina
Senator International has launched a Boeing 747-400 freighter that will serve the US South Carolina hub of Greenville Spartanburg (GSP) with flights out of Munich and Frankfurt-Hahn airports in Germany.The Germany-based logistics operator said that its “Atlantic Bridge” will use an Air Atlanta Icelandic freighter, with Globe Air Cargo responsible ...
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Cargojet welcomes retention of 25% cap on foreign ownership
Canada-based freighter operator Cargojet has welcomed Transport Canada's review of the foreign ownership rules for Canadian airlines which remain unchanged for the airfreight sector.Ajay Virmani, president and chief executive of the airline, said: "Cargojet welcomes the decision by the Minister of Transport, Marc Garneau, to maintain current foreign ownership levels ...
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NewsDP DHL: More work to be done on airfreight despite volume improvement
Deutsche Post DHL (DP DHL) has said there is more work to be done for its airfreight business despite the segment recording its first improvement in demand since the first quarter of last year.Speaking on an investor call shortly after the company’s third quarter results were announced, DP DHL chief ...