All articles by Air Cargo News (Admin) – Page 364
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Asian airlines see cargo volumes decline for the first time this year
Asian airlines saw air cargo volumes decline for the first time this year as weakening demand took its toll on performance.The latest figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airline cargo demand declined in June, slipping by 0.5% compared with a year ago to 5.3bn ...
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Drewry air cargo rates index below $2.90 for the first time
Drewry's East-West Air Freight Price Index declined by another 1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it was first launched in May 2012.In US dollar terms, it fell below the $2.90 per kg threshold for the first time.Said Drewry: ...
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Cargolux close to new deal with OGBL union
Cargolux Airlines management and Luxembourg’s OGBL union have agreed the main points of a new three year collective work agreement, set to take effect from October 2015.Meanwhile, the European all-cargo carrier remains in dispute with the LCGB pilots union, whose Cargolux members called a 24 hour walk-out late last week.Luxembourg-based ...
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Air France KLM warns of capacity cuts as losses deepen
Air France KLM’s cargo division has seen losses deepen in the second quarter of the year and services at the airline will be cut as it attempts to address overcapacity.The airline group’s cargo division saw its operating loss for the second quarter of the year increase by 33% against last ...
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Hong Kong government to look at local concerns over third runway
Hong Kong’s government has announced the creation of the Aviation Development and Three-runway System Advisory Committee (ADTAC), which will address – among other aviation policy issues - local concerns over the approved project for a third runway at Hong Kong International Airport (HKIA).Expected to open by 2023, Hong Kong’s third ...
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American sees cargo revenue decline but reports record quarterly profit overall
American Airlines Group saw cargo revenues decline during the second quarter of the year but the overall airline recorded profits for the period.The airline group’s cargo revenue during the second quarter declined to $194m compared with $221m a year earlier, while demand slid by 0.2% year on year to 594 ...
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Tough June for Europe's air cargo carriers
European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels.Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on ...
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TIACA promotes e-Freight on new website
TIACA has launched a new website with added benefits for members including an industry scorecard to help with the drive towards e-freight.The new site includes a range of features such as improved networking opportunities, while the industry scorecard highlights some of the key benefits and challenges for various e-commerce initiatives.“TIACA ...
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DHL backs Hong Kong's third runway
DHL has called for work to start on Hong Kong airport's third runway "no later than next year" if the world's top airfreight hub is to “stay ahead in Greater China's vibrant air cargo market, fuelled particularly by the surging demand of e-commerce and high-value perishables”.The express giant expressed its ...
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Cargojet secures funding for freighter conversion
Funds belonging to Tennenbaum Capital Partners (TCP) are to provide up to $82.5m of financing to Cargojet to fund the acquisition and conversion of B767-300ER passenger aircraft into freighters.The transaction will provide the Canada-based overnight airfreight operator with additional capacity to support its growing business."We have a long history of ...
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NAHCO opens cargo warehouses at Enugu airport
Nigerian Aviation Handling Company (NAHCO) has opened two cargo warehouses at Akanu Ibiam International Airport in Enugu.The ground handler said the opening of the two warehouses, one within the airport, and the other just outside, would further enhance the development of the air cargo business in the south east, and ...
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CEVA opens new Netherlands distribution centre
CEVA Logistics has opened a new distribution centre for industrial spare parts, consisting of warehousing space of 12,000 sq m and a yard of 10,000 sq m in Born, the Netherlands.The new centre, which will cater for air, ocean and overland cargo, features 28,000 bin locations and 3,000 sq m ...
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Cargolux: 76% of flights unaffected by strike
Cargolux has claimed that 76% of its flights were unaffected today when pilots belonging to the LCGB union staged a walkout.The Luxembourg airline claimed that the strike action was illegal as a collective work agreement was in place and both parties were actively negotiating towards a new agreement.It said that ...
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Take a prize-winning pic, and make it snappy
Volga-Dnepr Group is inviting professional and amateur aviation photographers to participate in an international competition to find the best photo images of its Antonov An-124-100, Ilyushin IL-76-TD-90VD and Boeing 747 aircraft, to help celebrate the group’s 25th anniversary.Helping to choose the winners will be the world-renowned aviation photographer Katsuhiko Tokunaga, ...
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Cargolux pilot's union stages 24 hour walk-out
Cargolux pilots belonging to the LCGB union have called a 24 hour walk-out from 3am this morning (July 23).A statement by the union, issued at 08.00 (CET), claimed that the “warning action” by its members has so far seen “five out of seven Cargolux Airplanes” remain on the ground since ...
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Athens awaits outcome
The Greek airfreight industry, along with the rest of the country, is waiting the outcome of a vote by MPs to approve a bailout package and avert a financial meltdown, along with possible exit from the Euro. “The situation here in Greece is very problematic – this also goes for ...
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LuxairCargo ready to go green
Luxair Group’s airfreight handling division LuxairCargo says it is one of the first four companies to apply for a ‘Lean & Green’ label from the Luxembourg Government.The scheme was launched in June 2014 by the Ministry of Sustainable Development and Infrastructures in collaboration with Cluster for Logistics, which promotes and ...
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Swissport appoints Knudsen
GROUND handler Swissport International has appointed Nils Pries Knudsen, senior vice-president of cargo Europe, to take over global responsibility for cargo services.Knudsen will report directly to Per Utnegaard, group president of Swissport International.Knudsen replaces John Batten, who has left the company to work for Coyne Aviation.He brings more than 30 ...
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Panalpina suffers Q2 airfreight declines
Panalpina lost ground on its airfreight rivals during the second quarter of the year as key market segments came under pressure, while profits took a hit on currency exchange.The Switzerland-based freight forwarder recorded a 5% decline in volumes compared with last year to 203,000 tonnes, which it blamed on lower ...
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UPDATE: European shippers want lithium battery solutions not bans
European shippers would like to see new solutions developed to increase the safety of transporting lithium-ion batteries by air rather than blanket bans that stop them being flown at all.Speaking just days after Boeing sent an advisory out to airline customers recommending carriers no longer transport lithium-ion batteries as bellyhold ...