All Business articles – Page 50
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News
New charter broker training course launched for the cargo market
The Albion Broker Institute (ABI) has launched a masterclass in cargo brokerage training programme.The training will consist of eight modules that will explore various areas of the cargo brokerage market.These include: an introduction to cargo aircraft brokerage, an introduction to the different types of cargo charter aircraft, an overview of ...
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NewsTheft from aircraft tops EMEA cargo crime stats for Q2
The theft of cash from the hold of an aircraft was the largest single cargo crime by value recorded in the Europe, Middle East & Africa (EMEA) region during the second quarter of the year.The latest statistics from the Transported Asset Protection Association (TAPA) show that thefts of products from ...
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News
Schiphol reveals cargo volume decline in mid-year figures
Amsterdam Airport Schiphol (AAS) has revealed a 9.2% decrease in first-half cargo volumes compared with the same period in 2018 as freighter flights decline.Full-freighter cargo volumes at the slot constrained airport were down 16.4% and there was a decrease in full-freighter air transport movements (ATMs) by 14.4%.Meanwhile, belly cargo volumes ...
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NewsDSV Panalpina carries out first shipment through its combined network
DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created the second-largest airfreight forwarder in the world.Last Thursday, DSV Panalpina's successful shipment of thurst reverser engine parts from Huntsville, US, to Luxembourg, marked the first time that the newly-formed company ...
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NewsCargoLogic Germany obtains operating license
The German Federal Ministry of Transport has, subject to conditions, issued a European operating license to cargo carrier CargoLogic Germany (CLG), German logistics news site DVZ has reported.The German Federal Aviation Authority (LBA) now needs to confirm the license before the airline can start operations.CLG will initially run two Boeing ...
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News
Lufthansa reaches air cargo anti-trust settlement with Deutsche Bahn
German logistics and European rail group Deutsche Bahn has reached an undisclosed settlement with Lufthansa concerning an alleged airline cargo cartel that operated from late 1999 to early 2006.The settlement ends the companies' dispute before the Regional Court of Cologne that has been ongoing since 2013."After intense negotiations with Lufthansa, ...
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NewsHow to prepare air cargo supply chains for Brexit
Peter MacSwiney, ASM ChairmanIn the second of our ‘How To’ series, Peter MacSwiney, chairman, Agency Sector Management, examines how companies can prepare their supply chains for BrexitAs the new October Brexit deadline moves closer, the prospect of disruption to the global supply chain and logistics industry is quickly becoming a ...
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News
Amazon to invest in Canadian freighter operator Cargojet
E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada's Cargojet.The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights.Under the new strategic agreement, Cargojet will issue warrants to Amazon to purchase variable voting ...
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News
Panalpina announces changes to board of directors
Panalpina has made changes to its board of directors following its merger with DSV.The company said that it had decided to downsize its executive board by eliminating the positions of chief commercial officer, chief legal officer, chief information officer, executive vice president, airfreight and executive vice president, ocean freight.Lucas Kuehner, ...
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News
DHL signs multi-year airfreight deal with Komatsu
DHL Express and DHL Global Forwarding have signed a new multi-year agreement with leading construction and mining business Komatsu.DHL – the largest freight and logistics company in the world – will import more than 1m kgs of Komatsu machinery and spare parts to Australia and New Zealand each year.The company ...
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News
Air New Zealand and Cathay Pacific extend partnership up to 2024
Air New Zealand and Cathay Pacific have had their joint venture partnership re-authorised for another five years (up to 31 October 2024) by New Zealand officials.Lavinia Lau, director of commercial, at Cathay Pacific, said New Zealand is an important part of its network and a popular destination for customers.Meanwhile, Nick ...
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NewsSIA Cargo sees a dip in volumes
Singapore Airlines Cargo (SIA Cargo) experienced a decline in cargo volumes last month (July). The freight carrier shipped 103,200 tonnes of cargo during the month, down by 5.1% compared with the same time last year.Cargo traffic as measured in tonne-km flown fell by 5.7% year on year to 547.7m.Meanwhile, capacity ...
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LATAM Cargo revenues slide as economic uncertainty takes its toll
LATAM Cargo saw its revenues decline the second quarter of the year, partly as a result of weaker demand in South America.The Santiago-headquartered airline reported a 10.2% year-on-year decline in second quarter cargo revenues to $269.3m.Cargo volumes, meanwhile, declined by 4.6% compared with a year ago to 220,000 tonnes, but ...
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News
Agility profits up despite tough airfreight market
Logistics and infrastructure firm Agility saw net profits increase by 8.1% year on year in the second quarter despite its airfreight business coming under pressure.The company reported a second-quarter revenue increase of 3.2% year on year to KD396.3m, while earnings before interest, tax, depreciation and amortisation (ebitda) improved by 31.2% ...
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US delays China tariff increases for certain products
The ongoing tariff trade war between China and the US took an unexpected twist last night when the US announced a delay to increases on some products.The US Trade Representative (USTR) office last night announced that it it would not implement a 10% tariff on products include mobile phones, laptops, ...
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Newscargo-partner's new iLogistics Center commences operations
Copyright: Miran Kambic. Source: cargo-partnercargo-partner's new warehouse complex – the iLogistics Center – located near Ljubljana Airport in Slovenia, has commenced operations ahead of its official opening in September.The warehouse, which has has 25,000 sq m storage space and 4,000 sq m of office space, will serve cargo-partner's clients in ...
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News
CSafe increases European presence with new Amsterdam service centre
CSafe Global has opened a new service centre in Hoofddorp, the Netherlands, to increase its operational capabilities in Europe.At the centre, which is 7.8km away from Amsterdam's Schiphol airport, CSafe RKN and CSafe RAP active temperature-controlled containers are serviced to ensure that they are fit for purpose and can safely ...
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Cathay Pacific Cargo under pressure in H1
Cathay Pacific saw cargo revenues, volumes and yields decline in the first half of the year as the US-China trade war took its toll on performance.The Hong Kong-headquartered carrier reported an 11.4% year-on-year decline in cargo revenues to HK$11.5bn, volumes were down 5.7% on a year ago to 979,000 tonnes ...
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Emirates SkyCargo looks to diversification and digitisation
Product diversification, digitisation of the air cargo supply chain and an ambition to build an e-commerce hub in the Middle East are just three of the projects under way at Emirates SkyCargo.The Dubai-based airfreight giant will also monitor demand for its freighter capacity in these turbulent times for the world ...
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NewsDHL sees airfreight volumes slide in Q2
DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit was on the rise.The world’s largest airfreight forwarder reported a 2.4% year-on-year decline in second-quarter airfreight revenues to €1.2bn, while volumes dropped by 5.8% on last year to 502,000 tonnes ...