All articles by Air Cargo News (Admin) – Page 45
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NewsProfits tumble at Lufthansa's cargo business
Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased.Lufthansa’s logistics segment, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw first-quarter revenues decline by 4% year on year to €616m while earnings before interest and tax ...
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NewsFirst glimpse of latest Cargolux B747F
Cargolux's official twitter account gave the air cargo industry a first glimpse of its latest Boeing 747 freighter yesterday (see second image below).The B747-400F aircraft (OO-THB) was pictured at Luxembourg ahead of its transportation to Malta to have the Cargolux livery added.The aircraft is one of three B747Fs that will ...
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Peter Gerber: A pragmatist's market view
Is air cargo’s glass half empty or half full? Industry pundits can sample a heady statistical cocktail of declining global volumes and load factors in early 2019, mixed and shaken with US-China tariff tussles and Brexit bungling.But what can we read from those statistics and are they truly indicative of ...
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NewsTurkish Cargo scoops Cargo Airline of the Year Award
Turkish Cargo was voted Cargo Airline of the Year 2019 as the airfreight industry gathered in the UK for a night of celebration at Air Cargo News’ industry Oscars, now in their 35th year.The Istanbul-hubbed airline secured the highest total number of votes cast by Air Cargo News readers to ...
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NewsBolloré opens dedicated aerospace warehouse in Hamburg
Bolloré Logistics has opened a dedicated aerospace warehouse in Hamburg, "strategically located" next to the German city's port.The 7,000 sq m aerospace facility is also a few kilometers from the production sites of major aircraft manufacturers and OEM suppliers.A spokesperson for the French forwarder said: "Thanks to direct access to ...
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NewsDSV expects Panalpina deal to complete in Q3 as profits rise
DSV expects to close its takeover of Panalpina by the end of the third quarter of this year.In its first quarter results, Denmark-based freight forwarder DSV revealed its expected timeline for its $4.6bn takeover of Panalpina.In May, DSV will file its planned share purchase with the relevant authorities, announce its ...
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NewsCEVA airfreight volumes fall in Q1, management changes after CMA CGM takeover
CEVA Logistics saw a decline in airfreight volumes during the first quarter of 2019 and the parent group has announced a series of top management changes in line with the takeover by French shipping giant CMA CGM.Air cargo volumes in the first quarter fell 6.9% year-on-year to 100,000 tonnes, mainly ...
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NewsOn message, WiseTech Global acquires Xware
L to R Vlad Bilanovsky (WiseTech), Anders Lyckosköld (Xware), Jonas Ericsson (Xware), Richard White (WiseTech)Logistics software firm WiseTech Global has acquired Xware, a messaging integration provider in Sweden.Xware’s interoperable messaging product, xTrade, is designed to link organisations to their suppliers and partners, allowing them to share information securely.Its products are ...
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NewsTurkish Cargo's Özen the latest to join Tiaca board
Turhan ÖzenTurhan Özen, chief cargo officer of Turkish Airlines and the head of the Turkish Cargo, has been elected to the Board of The International Air Cargo Association (TIACA).Özen has an extensive knowledge of the territories surrounding Turkey, having overseen business development in the Balkans, Middle East, and African regions.“With ...
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NewsEast Midlands Airport expands space for freighters
East Midlands Airport (EMA) is expanding the apron space for freighter aircraft as the UK cargo hub prepares for increased volumes driven by the e-commerce boom.The airport, whose freighter airline customers include Fed Ex/TNT, UPS and Royal Mail, is improving its infrastructure so that aircraft can load and unload more ...
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Korean Air Cargo continues with its digital development
Korean Air has implemented a new cargo management system, named iCargo, as it continues with its IT renewal programme.The iCargo internet platform, which will replace the existing 35-year-old system, combines the full scope of end-to-end cargo business functions of Korean Air – reservation, sales, terminal operation, revenue accounting, cargo portal ...
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NewsAsia Pacific airlines see further decline in cargo demand for March
Source: Association of Asia Pacific Airlines (AAPA)Preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) for March show that air cargo markets contracted for the fifth consecutive month, against a backdrop of continued weakness in trade activity.Air cargo demand as measured in freight tonne kilometres (FTK) declined ...
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NewsHong Kong traders cautious on US-China trade dispute but unfazed by Brexit
Source: DHL Express Hong Kong and compiled by the Hong Kong Productivity CouncilHong Kong-based traders who use airfreight remain cautious due to the ongoing US-China trade dispute but are are optimistic that the situation will be resolved in the next quarter.That was one key highlight from the latest DHL Hong ...
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NewsRedCargo Logistics signs interline agreement with Oman Air
Source: Red CargoRedCargo Logistics, the cargo and logistics platform of AirAsia, has signed an interline agreement with Oman Air.The new agreement will provide RedCargo customers with access to belly space on Oman Air’s network including to Africa, the UK and mainland Europe.Oman Air customers will be able to book cargo ...
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NewsSilva is the new managing director for Dachser's European Logistics Iberia
Celestino Silva, Dachser managing director, European Logistics IberiaCelestino Silva will take over as managing director of Dachser’s European Logistics (EL) Iberia business unit.He succeeds Juan Quintana, who has opted to leave the freight forwarder to pursue new professional opportunities.Silva began his career at Azkar—the predecessor of Dachser EL Iberia—over 20 ...
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NewsBudapest Airport strengthens logistics links with Chinese hubs
L-R: René Droese, Péter Szijjártó and Wang ZhendongBudapest Airport will cooperate with two Chinese cargo hubs, Xi’an Xianyang and Zhengzhou international airports, to develop the Hungarian gateway into a major central and eastern European distribution base for Chinese goods.This was the main goal of the Memorandum of Understanding (MoU) signed ...
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NewsCCA event to explore how air cargo can reduce waste
Stavros Evangelakakis, Chairman of the Cool Chain Association and Global Product Manager Healthcare and Perishables, CargoluxThe Cool Chain Association (CCA) will host its Fifth Global Perishables Event at Europe’s largest fresh and food hub at Venlo, the Netherlands, on May 14-15 with a focus on how the airfreight supply chain ...
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Traditional forwarder systems designed to be secure, not to share data
If the future is all about data sharing and transparency, then traditional freight forwarder IT systems are not the natural place to start, according to Moritz Claussen, co-founder of online booking platform cargo.one.“They were designed to be secure, not to share data,” he explained to delegates at the Air Cargo ...
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NewsAmazon, e-commerce opportunity, not a threat
L-R: Roger Hailey (editor Air Cargo News), Brendan Sullivan, Ross Marino, Fatih CigalAmazon’s move into logistics should be seen as an opportunity not a threat, according to panellists at the Air Cargo News Conference 2019.“Some air cargo players are already benefiting from working with Amazon and others are looking at ...
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UPS profits hit by severe winter weather
UPS saw profits decline in the first quarter of the year as extreme winter weather hit earnings.During the period, the company saw revenues increase by 0.3% to $17.2bn while net income declined by 17.4% to $1.1bn.The company said that its profits were affected by “severe winter weather in the US” ...