All articles by Air Cargo News (Admin) – Page 361
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News
Air cargo revenues down 9% in first half of 2015
Worldwide air cargo revenues in the first half of 2015 are more than 9% behind last year, but recent market softness appears to have plateaued in June.The latest figure from WorldACD show that air cargo revenues declined by 9.3% year on year during the first six months, with almost all ...
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CEVA records second quarter airfreight growth
Logistics firm CEVA recorded a slowdown in airfreight volume growth during the second quarter while losses improved slightly.The Netherlands-headquartered logistics company reported a 0.7% year-on-year increase in air volumes during the second quarter of the year, down on the 5.2% growth recorded in the first quarter.It said the slowdown was ...
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Logistics M&A set to continue say PwC
Strong 2015 second quarter merger and acquisition (M&A) activity within the transport and logistics industry looks set to continue, says the latest survey by business consultants PwC.The latest quarterly Intersections analysis by PwC found that transport and logistics sector deal activity saw improvements in both volume and value, driven by ...
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Twelfth flight for China Southern
China Southern has taken delivery of its twelfth Boeing 777 freighter, making it the number one China-based operator of the aircraft type and the third globally.The new aircraft made its maiden flight out of Guangzhou to Paris, Vienna and then back to Guangzhou.So far in 2015, China Southern has introduced ...
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DHL Global Forwarding considers the future of troubled IT transformation project
DHL Global Forwarding is considering completely scrapping the IT and enterprise resource planning (ERP) systems it has been developing as part of its New Forwarding Environment (NFE) transformation project in favour of a different system.Speaking shortly after announcing second-quarter results, Deutsche Post DHL chief financial officer Larry Rosen said that ...
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Airlines IAG Cargo and Qatar expand freighter partnership
IAG Cargo and Qatar Airways have extended their freighter partnership and added new routes.The two airlines announced this morning that the initial contract would be extended indefinitely, while the number of destinations covered has increased from the one originally announced to nine.The two airlines said they had decided to expand ...
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IAG Cargo's Gunning: excess capacity is the new normal
Excess capacity and yield pressure are the new normal that the air cargo industry must live with, according to IAG Cargo chief executive Steve Gunning.Speaking to Air Cargo News shortly after the publication of its second-quarter results, Gunning outlined why the cargo business of British Airways, Iberia and Vueling decided ...
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Record half year for freighter lessor ATSG
Air Transport Services Group (ATSG), the medium wide-body freighter aircraft lessor, reported record first-half 2015 results on the back of continued growth plus a “strong appetite” for its Boeing 767 freighters.US-based ATSG’s pre-tax earnings from continuing operations in the second quarter increased 17% to $17.2m, including a 35% increase in ...
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Frankfurt Airport sees H1 freight volumes decline
Frankfurt Airport’s cargo (airfreight + airmail) tonnage dropped by 1.8% in the first six months of 2015 to around 1m tonnes, while passenger traffic grew by 4.1%.The first-half cargo decline was mainly due to “a noticeable decrease in throughput with the Far East and Latin America” regions said airport owner ...
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Update: airlines Swiss-Lufthansa adopt new air cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo have provided further information on their new cargo pricing structure which takes effect from October 25 this year.The pricing of both airlines will consist of just two components: a net rate and an airfreight surcharge.Said Lufthansa Cargo: “As a result, the different surcharges currently in ...
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Virgin Atlantic Cargo calls for ethical standards for airfreight
Virgin Atlantic Cargo has called for the creation of an industry-wide ethical cargo policy that will identify shipments not acceptable for carriage in the aftermath of the killing of Cecil the lion.The UK airline, which already has an ethical cargo policy in place, called for an industry-wide agreement that would ...
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Swiss and Lufthansa to launch new cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo are to launch a two component pricing structure - a net rate plus airfreight surcharge – to reflect the "volatility of external cost factors".A joint letter to customers states: “The new airfreight surcharge will be significantly lower compared to the combined fuel and security surcharges, ...
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Air cargo volumes stagnate and load factors slide in June
The air cargo industry faced another tough month in June as volume growth “stagnated” and load factors continued to slide.Airline organisation IATA’s monthly airfreight market analysis has revealed that cargo traffic in freight tonne km terms increased by 1.2% in June compared with a year earlier.This lags behind the 3.5% ...
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Manston's new role as temporary truck park
Closed UK south east hub Manston Airport has found a new role, as a temporary lorry park to ease truck congestion on the M20 motorway.The UK Department for Transport (DfT) has announced that the disused Ramsgate airport will be trialled as an addition to stage one of Operation Stack, which ...
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Lufthansa's air cargo and logistics division slips to loss on freight centre delay
Lufthansa’s air cargo and logistics division sank to an operating loss in the first half of the year despite lower fuel prices and an increase in revenues.The logistics segment, which includes Lufthansa Cargo, Jettainer and its share of AeroLogic, saw first-half revenues increase by 4% on last year to €1.2bn ...
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European airports record growth in H1 2015, but only just
European airports just managed to drag cargo volumes into positive growth for the first half of the year thanks to improved performance in June.Figures from the Airports Council International (ACI) Europe show that freight volumes for the first half of the year increased by 0.5% against a year earlier.The organisation ...
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DSV ups profit forecast as airfreight volumes takeoff
DSV has raised its profit forecast for the year as its airfreight division grabbed market share and it benefitted from exchange rate gains in the second quarter.The Danish forwarder recorded a 10% year-on-year increase in airfreight volumes during the second quarter to 77,000 tonnes.Air revenues increased by more than 4% ...
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Qatar Airways receives Nepalese forwarders' award
Qatar Airways Cargo has received an award from the Nepal Freight Forwarders Association (NEFFA) for its cargo performance in the country during 2014.The Middle East passenger and cargo airline received the accolade for lifting the highest tonnage of cargo from the Asian country last year.In April this year, the carrier's ...
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From the spare room to the boardroom: Bowman’s 20 years at Air Charter Service
Air Charter Service chief executive Justin Bowman has celebrated 20 years at the company, which he joined after lodging with the broker company’s founder.Bowman first became aware of ACS when as a student he moved into founder and chairman Chris Leach’s spare room in the early 1990s.Leach said: “During the ...
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FedEx and Atlas join coalition to back Middle East carriers in US subsidy row
FedEx and Atlas Air have joined up with two other US carriers to create the US Airlines for Open Skies Coalition, in support of Middle East Gulf airlines who have been accused of distorting competition via state subsidies.US-based parcels giant FedEx and lessor Atlas have joined forces with JetBlue Airways ...