All articles by Air Cargo News (Admin) – Page 381
-
News
Cargolux reports 2014 profit decline
Cargolux recorded a decline in profits in 2014, despite an improvement in revenues, as impairment charges and antitrust actions took their toll on Europe’s biggest all-cargo airline.The Luxembourg-based company saw net profits slip to $3m in 2014 from $8.4m a year earlier, while revenues increased to $2.1bn last year from ...
-
News
IAG Cargo Q1 revenues down, but load factors up
IAG Cargo reported a 2015 first-quarter decline in revenues of just over one per cent on the back of a capacity reduction programme and a resultant volume decrease.During the first three months of the year, the British Airways and Iberia cargo division saw revenues decline by 1.6 per cent on ...
-
News
Heathrow not structured to cope with future airfreight growth
A cargo specialist at London-Heathrow has admitted that the airport is not structured to cope with future airfreight growth, writes Martin Roebuck.Nick Platts, Heathrow’s Head of Ground Handling, told an airfreight seminar at the Multimodal Exhibition in Birmingham: “Our capacity shortage won’t change in a two-runway world. We don’t have ...
-
News
Lufthansa delays the construction of new Frankfurt cargo centre
Lufthansa has delayed its planned investment in a new cargo centre at Frankfurt airport for at least two years as the group scrutinises its investment plan.At this week's Lufthansa Group general meeting the supervisory board of the Deutsche Lufthansa was informed of the decision to delay construction of the LCCneo ...
-
News
Volga-Dnepr validates first seven airports for ACC3 compliance
Volga-Dnepr Airlines has validated the first seven airports in compliance with the European Union's ACC3 (air cargo or mail carrier operating into the European Union from a third-country airport) regime.The Russia-based carrier organised for an independent auditor trained by IATA and accredited by the EU to confirm the ACC3 validation ...
-
News
XPO launches Norbert Dentressangle takeover bid
Fast-growing XPO Logistics has launched a €3.2bn takeover one of Europe’s largest logistics firms, Norbert Dentressangle, that will push the company into the top ten global logistics players.The two companies have entered into a definitive agreement that will see XPO acquire the majority of shares in Lyon-based Norbert Dentressangle through ...
-
News
TIACA promotes phased approach to advance data regulations
Regulators must continue to work closely with all members of the air cargo supply chain to ensure impending advance data regulations “enhance security without impeding cargo flows,” according to a new position paper from TIACA.Pre-loading advance cargo information (PLACI) initiatives undertaken by the US, European Union, and Canada since the ...
-
News
ACS sees 2014 cargo recovery as revenues surge
Air Charter Service (ACS) reports an “extremely successful 2014” for all three of its divisions.Chris Leach, chairman of the UK-headquartered broker, observed: “The figures across the board are extremely pleasing. Every department – private jets, commercial airliners, group travel and cargo – grew in terms of revenue and number of ...
-
News
Air industry responds to Nepal earthquake
Aid agencies, non-governmental organisations and governments are chartering aircraft to fly aid to Nepal, after the country was hit by an earthquake.The 7.8 magnitude quake struck on Saturday and the death toll is estimated to have passed 5,000, but could reach as high as 10,000. More than 8,000 people were ...
-
News
EVA launches Pharmacare with Envirotainer
Taiwan-based EVA Air Cargo has launched a pharma service in collaboration with cool chain equipment supplier Envirotainer.EVA Pharmacare will focus mainly on high value goods such as biologicals, pharmaceuticals, vaccines, healthcare products, high-end foodstuffs and high-tech semi-conductor components.In a joint statement, the two partners said: “The first wave of the ...
-
News
American Airlines is Cargo Airline of the Year 2015
American Airlines is the 2015 Cargo Airline of the Year.The presentation was made to Jim Butler, president, American Airlines Cargo, at a sparkling Air Cargo News gala event in London. Butler was presented with the award by Mark Whitehead, chief executive of Hong Kong Air Cargo Terminals Ltd (Hactl), the ...
-
News
Asia Pacific load factors boosted by US port chaos
Airlines based in the Asia Pacific region enjoyed a double-digit increase in airfreight demand in February, thanks to US west coast port issues.According to figures released by the Association of Asia Pacific Airlines, international airlines based in the region experienced a 20.5 per cent year-on-year increase in freight tonne kilometres ...
-
News
Cargolux announces lithium ion battery ban
Cargolux Airlines has temporarily imposed a ban on the transport of lithium ion batteries from May 1.The airline said it had decided to implement the ban after reviewing new information released by the Federal Aviation Administration, Boeing and the International Civil Aviation Authority regarding the effectiveness of the on-board fire ...
-
News
No update on FedEx deal as TNT reports Q1 loss
TNT Express was unable to provide any updates on its potential acquisition by FedEx as it announced a first quarter loss despite an improvement in revenues.The integrator reported a 1.3% year-on-year increase in first quarter revenues to €1.6bn, but operating income for the period slipped to a €11m loss from ...
-
News
Swissport appoints vice president from forwarder Damco
Swissport International has announced the appointment of a new senior vice president of global commercial and key account management ground handling with a forwarding background, following on from the appointment of a new chief executive from a logistics firm last week.The ground handler today announced that Katherine Boesen will take ...
-
News
Panalpina adds Baku calls on pharma and tech growth
Panalpina has added extra calls in Baku to its service roster on the back of increased demand for pharmaceutical and high tech products.The Switzerland-based freight forwarder has added two extra weekly calls at the Azerbaijan facility through its scheduled charters operated by Silk Way West.The move doubles the number of ...
-
News
DHL's global freight forwarding boss steps down for personal reasons
Roger Crook, Deutsche Post DHL Group management board member and chief executive of the German logistics giant's global freight forwarding arm, has stepped down for personal reasons.Pending the appointment of a replacement, Frank Appel, chief executive of Deutsche Post DHL Group, will take on the corresponding responsibilities in a dual ...
-
News
Changi sees volumes slide in March
Singapore’s Changi Airport recorded a dip in cargo volumes during March, but there was a more positive result for the first quarter as a whole.During March, the airport recorded a 4.2 per cent year on year dip in throughput to 162,700 tonnes but for the first quarter, the facility actually ...
-
News
Panalpina: Staying in control
Panalpina has always been a forwarder with a difference. It wetleases an Atlas B747-8F and is involved in some interesting market sectors - supplying oil rigs off the west coast of Africa for example.But with the winds of change blowing through the air cargo market, is that approach still valid?There ...
-
News
Widebody surge for Australia South Pacific says Airbus
The passenger aircraft fleet serving the Australia South Pacific region will grow from some 700 aircraft today to over 1,200 by 2033, with a doubling in the number of widebody aircraft.With aviation growth comparable with other mature markets such as North America and Europe, the region has the world’s highest ...