All articles by Air Cargo News (Admin) – Page 483
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News
Cargo traffic dips in November
INTERNATIONAL freight traffic rose 5.4 per cent in November 2010 leaving the volume for the November equal to pre-recession levels of early 2008. Freight load factor ended at 55.2 per cent for the month.This is an apparently rapid slowdown from the 14.5 per cent growth in freight in October. However, ...
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Hactl welcomes Juneyao Airlines
HONG Kong Air Cargo Terminals Limited announced that Juneyao Airlines has appointed Hactl as its cargo ground handler at Hong Kong International Airport to support its new service between Hong Kong and Shanghai.Juneyao Airlines, has chosen Hong Kong as its first international destination. Appointed by Juneyao, Hactl is to provide ...
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AirBridgeCargo first Traxon customer in Russia
AIRBridgeCargo Airlines has become Traxon Europe’s first customer in Russia after the two companies signed an agreement for the provision of cargo information services.The agreement was signed by Tatyana Arslanova, executive vice-president of ABC, and Felix Keck, managing director of Traxon Europe.“We are always looking to improve communications with our ...
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Europe to ban cargo from at-risk airports
EUROPEAN politicians will ban airfreight from non-member country airports that do not meet strict cargo screening rules.“There will be airports from which no freight at all is transported [to the EU] or else 100 per cent screening will be carried out,” said Germany’s interior minister, Thomas de Maiziere, commenting on ...
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Newly formed Global Air Cargo Advisory Group
SECURITY and safety have always been and continue to be of paramount importance to the members of the newly formed Global Air Cargo Advisory Group ‘GACAG’ (TIACA, IATA, FIATA and GSF). The air cargo industry has a good track record in this regard, but recent events have raised the importance ...
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Industry profit margins pathetic says IATA
REVISED estimates for the industry’s overall performance for 2010 suggest a net profit of US$15.1 billion. This is almost double the International Air Transport Association’s (IATA) forecast of $8.9 billion in September.IATA also modified its projections for the industry’s profit in 2011 from $5.3 billion forecast in September to $9.1 ...
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Atlas confident, despite questionmarks
THE third quarter of 2010 saw a 28 per cent year-on-year revenue rise for Atlas Air, making for a 32 per cent increase in the first nine months of the year. Other good news included the start of a new contract with TNT for one 747-400F at the start of ...
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Europe to strengthen air cargo security
EUROPE plans to introduce tough new security regulations in the wake of the airfreight bomb scares last month.EU transport vice-president, Siim Kallas (right), is taking part in a series of high-level meetings to discuss the changes.“We need new rules on security controls of cargo and mail from third countries, so ...
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Delta ups international flying
BUOYED by the outlook of a relatively stable year ahead, Delta is moving to step up its international capacity in 2011 with a number of new routes.Lately the Pacific has been the least robust market for Delta Cargo. Nevertheless it will be the main arena for expansion in the coming ...
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Dubai prepares for new ‘game changing’ security regulations
THE air cargo industry should be ready to adapt and embrace any new security regulations that are imposed following the recent bombs carried on passenger and freighter aircraft, according to Emirates divisional senior vice-president, Ram Menen (right).“What the recent events showed is that security in Dubai worked,” says Menen, “we ...
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LAN boosts freighter fleet
WITH revenues up nearly 50 per cent, LAN Cargo is ramping up its maindeck capacity. Latin America’s leading cargo carrier has signed a wet-lease for three 767-300Fs and placed an order for one more 777 freighter.Between November and late January, three 767 cargo aircraft are joining LAN’s fleet, boosting capacity ...
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Forwarder group loses appeal to sue BA
BRITISH Airways has won its appeal against an attempt by a group of its air cargo customers to bring a US-style class-action lawsuit against it for price fixing.If the court had approved the lawsuit it would have made UK legal history and opened the way for a wave of similar ...
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Boeing, the glass half full company
BOEING’S latest biennial cargo forecast once again looks at the future with rose-tinted glasses. The aircraft manufacturer predicts that global air cargo traffic will increase 5.9 per cent annually over the next 20 years, and that it will return to its 2007 peak by the end of 2010.It fails to ...
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US forwarders call on Congress for calm
THE US Airforwarders Association has called on Congress for moderation when determining its response to the cargo security crisis. Brandon Fried (right), executive director of the association urged Congress to work with the other public sector organisations, such as the Transportation Security Administration (TSA) and Customs and Border Protection (CBP), ...
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Bout extradited to the US
THAILAND has finally extradited Viktor Bout (right), the airfreight arms dealer, to the US. Bout will now stand trial in the US for supplying weapons to a variety of warlords and terrorists around the world. He will appear before a federal judge today (Wednesday).The US attorney general, Eric Holder, called ...
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US charges Japanese airlines execs with price fixing
THE US has charged three Japanese airline executives with cargo price-fixing.Takao Fukuchi, JAL’s former vice-president of cargo, and Yoshio Kunugi and Naoshige Makino, both ex-senior executives of Nippon Cargo Airlines, conspired to coordinate cargo rates charged to customers for international air shipments to and from the United States. Fukuchi and ...
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Ogiermann steps down as Cargolux CEO
FOLLOWING the price-fixing charges brought against Cargolux’s chief executive officer (CEO), Uli Ogiermann, the carrier has appointed Frank Reimen (right) its new CEO. Ogiermann becomes special advisor.Reimen is currently first government adviser of the department of transport at the Luxembourg Ministry of Sustainable Development and Infrastructure.“Frank Reimen has outstanding management ...
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Industry’s lobbying of government criticised
RECENT fears of poor air cargo security has meant the industry’s prior decision making and lobbying to prevent total screening is coming under attack.For example, several newspapers around the world have drawn attention to how in 2004, when the Transportation Security Administration considered 100 per cent screening on all flights, ...
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Ex-TradeWinds boss wants crooked politician’s evidence
DONALD Watkins, former owner of cargo airline TradeWinds, is trying to question a corrupt former Detroit City council member for defending evidence in the ongoing lawsuit two pension boards brought against him.The pension boards allege that Watkins and his financial advisor Donald Stukes convinced pension trustees to loan them US$30 ...
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Big four cargo groups join forces
FOUR of the world’s largest cargo organisations have decided to form an industry advisory group to liaise with the world’s governments.The International Federation of Freight Forwarders Associations (FIATA), the Global Shippers’ Forum (GSF), the International Air Transport Association (IATA) and The International Air Cargo Association (TIACA) all signed a letter ...