All articles by Air Cargo News (Admin) – Page 488
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News
Air Cargo Germany completes first year
THERE must have been many in the air cargo industry who reckoned it would not survive the year, but 12 months after its first flight on 28 July 2009, Air Cargo Germany insists that it is developing according to plan, and “sticking to a cautious and healthy growth”, in the ...
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JAL speaks out for lighter price-fixing fine
JAPAN Airlines (JAL) has agreed to a US$12 million settlement for price-fixing cargo surcharges in and to the US.Legal firm Kaplan Fox & Kilsheimer announced the deal 21 July, being one of four co-lead counsels representing direct purchasers of cargo shipment.The settlement is low. In September, 2009, Lufthansa, Lufthansa cargo ...
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Bahraini officials forced to use Gulf Air exclusively
BAHRAIN’S government has instructed all of its officials to only use the national carrier, Gulf Air, when sending air cargo and for travelling.Minister of state for cabinet affairs, Shaikh Ahmed bin Atiyatallah Al Khalifa, who issued the decree, said that supporting the airline was a national responsibility that would in ...
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After merger approval BA, Iberia get greenlight for alliance with AA
AMERICAN Airlines, British Airways (BA) and Iberia have finally been given all the final regulatory approvals for joint transatlantic operations. The announcement comes after final approval for the merger between BA and Iberia.Europe’s government, the European Commission (EC), gave its approval to the merger after ruling that it would not ...
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Fraport’s lifted by strengthening half-year
FRAPORT’S half-year results show a strong recovery from the first half of the disastrous 2009. At more than one million metric tons, airfreight tonnage rose 32.2 per cent.Traffic was slowed by several winter storms, strikes and the ash cloud from Iceland at the beginning of the second quarter. The airport ...
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Emirates orders 30 777-300ERs
EMIRATES, the Dubai-based carrier, today placed an order with Boeing for an additional 30 777-300ERs, worth approximately US$9.1 billion in list prices. The new order adds to the fleet of 71 777-300ERs previously ordered, of which 53 aircraft are currently in service.“Emirates is the world’s largest operator of 777s and ...
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Expeditors encouraged by 2Q results
SEATTLE’S Expeditor's International has posted encouraging results for the second quarter of 2010.“We’ve experienced very significant year-over-year volume increases in both our airfreight and ocean freight business,” said Peter Rose (right), chief executive officer. “Our customers seem to be doing well as compared with 2009. This feels particularly good to ...
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Industry permanently changed, says Trefzger
THE logistics industry faces four new realities that will have a long-term impact on supply chain management, according to Schenker.Detlef Trefzger, Schenker’s boardmember responsible for contract logistics and supply chain management, said: “There are excellent opportunities for the global logistics industry to benefit from these developments.”In his opinion, he explained, ...
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Boeing raises long-range forecast
BOEING forecasts a US$3.6 trillion market for new commercial aircraft over the next 20 years as world economies rebound and strong demand for new and replacement aircraft spurs growth. The US aircraft manufacturer foresees a market for 30,900 new commercial passenger and freighter aircraft by 2029.“The world market is doing ...
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TSA denies need for back-up plan
FOLLOWING its recent damning report by government auditors, the US Transportation Security Administration (TSA) claims that it does not need a contingency plan if, or when, it fails to meet its mandate to screen 100 per cent of domestic air cargo by August 2010.The report by the Government Accountability Office ...
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Kuehne and Nagel wins US$1bn oil and gas contract
KUEHNE & Nagel has won an Algerian oil and gas contract worth €785 million (US$1 billion).SNC-Lavalin awarded the contract for global logistics services related to their €785 million project with Sonatrach, Algeria’s national oil and gas company. Sonatrach’s gas treatment complex is being built in Rhourde Nouss in the Sahara ...
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National Airlines to fly 747F
NATIONAL Airlines – formerly Murray Air and wholly owned by the National Air Cargo Group – is preparing to operate a 747-428 freighter.Registered on 30 June, the ex-Air France Boeing will be the first of its kind for the company.
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DB Schenker relocates management to Frankfurt
DB Schenker is to bundle its management functions in Frankfurt. The management teams of the corporate units currently located in Berlin, Essen and Mainz will now be concentrated at the new location.Around 330 members of the management staff of DB Schenker Logistics, DB Schenker Rail and from company-wide cross-unit functions ...
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Lufthansa Cargo sees solid first half rise
LUFTHANSA Cargo carried 830,000 tonnes of freight and mail in the first six months of 2010, nearly 20 per cent more than in the first half of 2009. Asian and American imports and exports were particularly strong, at 24.6 per cent and 31.1 per cent growth respectively.Capacity was up 2.3 ...
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Air France-KLM settles cargo price-fixing claims
AIR France-KLM has agreed to pay US87, million to have its price-fixing charges dropped in the US.“Air France, KLM and Martinair have entered into an agreement to settle damage claims brought against them in the United States alleging violations of the antitrust laws in connection with air cargo shipping services,” ...
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Toll in UK double swoop
AUSTRALIA’S Toll Group becomes one of the largest freight forwarders in the UK after it announced the acquisition of Genesis Forwarding Group and WT Sea Air Group. This is the first time there has been a double swoop of UK independents.“These two UK headquartered acquisitions combine to provide significant scale ...
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Huge fire breaks out at Heathrow warehouse - UPDATED
A LARGE fire has broken out in a warehouse at London Heathrow Airport. Dozens of firefighters are tackling the blaze at the Servisair Building 521.An Air Cargo News reporter on the scene said the entire building was engulfed in flames.Reports suggest the fire started when a forklift truck caught fire. ...
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Hactl increases gain
HONG Kong Air Cargo Terminals Limited (Hactl) handled a total of 245,352 tonnes in June, up 30.5 per cent year-on-year. Tonnage throughput for the second quarter was 752,316 tonnes, while tonnage throughput for the first half of the year was 1,389,059 tonnes, representing a year-on-year growth of 39.1 per cent ...
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BDO acquires Spain’s Euromodal
BDP International has completed its phased acquisition of Euromodal, taking 100 per cent ownership of the Spanish logistics firm.The company will conduct business as Euromodal BDP International Spain under the direction of Jose Angel Martinez Jr, giving it access to BDP’s global network of subsidiaries.“With equity positions in regional operations ...
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Korea prepares price-fixing lawsuit
SOUTH Korean forwarders are preparing lawsuits against the airlines recently exposed for price fixing.“Freight companies sustained the most obvious damage in the price-fixing schemes of the airlines and we believe more companies will join,” said Lee Dae-Soon, a lawyer at the law firm preparing for the class action suits against ...