All articles by Air Cargo News (Admin) – Page 58
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NewsCAL nets another Oslo freighter call
CAL Cargo is adding a second weekly rotation to its Oslo freighter service on the back of demand for Norwegian seafood in Israel.The extra Liege-Oslo-Tel Aviv B747F frequency will start on March 1 and follows on from the launch of services to the Nordic hub in 2017. From Liege, CAL ...
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Singapore airfreight down in January
Singapore's Changi Airport saw airfreight throughput decline for the second month in a row, with January's volumes falling 2.4% to 171,000 tonnes.January's decline follows a fall of 3.8% in December 2018 to 182,000 tonnes, versus the same month in 2017.In full year 2018, Changi saw airfreight throughput increase by 1.4% ...
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ATSG looks to its strengthened platform following Amazon extension and Omni deal
Aircraft lessor ATSG saw adjusted revenues and earnings for the year increase by more than 20% in the final quarter of the year.The Wilmington-based firm reported a 27% increase in adjusted fourth-quarter revenues to $280.8m, while adjusted earnings from continuing operations were up 23% to $24.1m.ATSG president and chief executive ...
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Cathay keeping its eye on growth after a soft start to 2019
Cathay Pacific Cargo saw a softer start to 2019 after a record-breaking 2018 but is seeing market demand "picking up gradually" after the Chinese New Year.Frank Yau, head of cargo sales at the Hong Kong-based carrier, writing in the Cargo Clan magazine, also announced the introduction from March of "a ...
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NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
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IAG Cargo revenue rise in 2018 but a challenging year ahead
IAG Cargo reported full year 2018 commercial revenues of just under €1.2bn, an increase of 7.2% on 2017 at constant currency, and said that 2019 looks set to be “a more challenging year”, with airfreight capacity growth outpacing demand increases.Overall yield for the year was up 8.1% at constant currency. ...
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Edelweiss partnership with Swiss WorldCargo continues to flourish
Swiss airline Edelweiss and sister company Swiss WorldCargo have agreed to continue their partnership.The agreement, effective since the beginning of 2019, will see Swiss WorldCargo continue to market and sell Edelweiss freight capacity.Swiss WorldCargo will maintain responsibility for managing the belly cargo on the entire fleet of Edelweiss and sister ...
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Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
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Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
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NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
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NewsSorted: DHL Express expands Madrid hub with €93m investment
DHL Express has opened a new facility at Madrid’s Barajas Adolfo Suarez Airport to strengthen the Spanish hub’s importance for international commerce, especially between Europe and Latin America.The 14,500 sq m building, including offices, will quadruple DHL Express’ capacity in Madrid with “high-quality infrastructure and the newest technologies,” enabling 24,500 ...
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Asia Pacific carriers report weak January for international cargo
International air cargo markets weakened further in January 2019, with Asia Pacific airlines seeing demand fall 3.8% year on year in freight tonne kilometres (FTK).Releasing its preliminary traffic figures for the month, the Association of Asia Pacific Airlines (AAPA) said that the decline in airfreight was due to “global new ...
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NewsIAG Cargo opens constant climate centre in Madrid
IAG Cargo has opened a pharmaceutical centre in Madrid airport, dedicated to its Constant Climate product for time and temperature-sensitive life sciences products.Work on the new Spanish facility began in June 2018 and is the latest addition to IAG Cargo’s Madrid hub, which handles over 250,000 tonnes of cargo per ...
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Liverpool and Leipzig in automotive alliance for a no-deal Brexit
Liverpool and Leipzig will join air cargo capabilities to maintain automotive supply chains in the case of a no deal Brexit when the UK leaves the European Union at the end of March.Wynne Aviation, based at Liverpool John Lennon Airport, and Germany’s Leipzig Airport, along with Airport Park Leipzig Halle, ...
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Emirates uses technology to increase Kabul cargo capacity
Emirates Flight Operations has developed a navigation technique that allows the Middle East-based airline to carry additional bellyhold cargo into Afghanistan's Kabul International airport.The missed-approach* procedure developed by Emirates has replaced an older technique that required cargo bound for Kabul to be offloaded in Dubai during low-cloud or poor visibility ...
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Panalpina considers voting rule change following shareholder complaint
Panalpina is considering changing its shareholder voting rules following a request from its majority investor.Majority shareholder Ernst Göhner Foundation (EGF), which holds around 46% of the company, has submitted a request that the company change to a One Share–One Vote standard at an extraordinary shareholders' meeting to be held prior ...
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NewsExpansion in Miami for B&H and Tigers
Logistics firms B&H Worldwide and Tigers USA have both moved to larger facilities in Miami to meet demand growth.Aerospace logistics provider B&H Worldwide said that increased, ongoing customer demand and expectations of business growth in the US had led it to move to a new location that offers three times ...
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NewsDelta Cargo reports customer shift to digital booking
Delta Cargo Website Metrics for 2018Delta Cargo has noted a "significant shift" in the number of online bookings since it launched its new website in 2017.The airline said it had noted a 15 percentage point increase in the global online bookings since 2017, making it the number one way customers ...
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AirBridgeCargo expands in Asia with Dhaka flight
AirBridgeCargo (ABC) is expanding its footprint in Asia with the introduction of a Dhaka B747F flight to cater for growth in garment and apparel exports from Bangladesh.The Russian freighter operator will offer two flights per week to the capital of Bangladesh, which becomes the 14th destination in ABC’s Asian network. ...
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Kerry Logistics to offer 'smart sensor' providing 'total supply chain visibility'
Kerry Logistics will offer customers the option of using a 'smart sensor' within their supply chain, which enables total supply chain visibility and improved security.The logistics firm said the smart sensor monitors cargo across ocean, air, and ground transportation around-the-clock and is accepted in over 190 countries. Both consignees and ...