All Business articles – Page 51
-
News
Cargolux and unions reach agreement
All-cargo carrier Cargolux and unions LCGB and OGBL have come to an agreement over two new collective work agreements (CWAs).The two agreements will result in "substantial improvements" for the more than 1,300 employees covered by the airline’s collective work agreement, the groups said.The improvements include a salary increase of 6% ...
-
News
IAG Cargo revenue decline consistent with market
In its 2019 half-year results, which were released today, IAG Cargo reported revenues of €281m from April 1 to June 30 – 3.2% lower than the same time period in 2018.Sold tonnes, yield for the quarter and CTK volumes were also down; 1.1%, 2.9% and 0.4% respectively. However, the company's ...
-
News
US-China trade war escalates as Trump adds more tariffs
In a new development in the trade war between the US and China, US President Donald Trump is adding a 10% tariff to $300bn worth of imported Chinese goods, with effect from September 1.Congestion at airports – and disruption to wider supply chains – could occur in the short term, ...
-
NewsSilk Way West Airlines announces new APAC vice president
Copyright: Silk Way West AirlinesSilk Way West Airlines has appointed Jenny Zhao as its new vice president, Asia Pacific. Zhao will take over from Nurid Aliyev, who has stepped down for personal reasons.Zhao has more than 15 years of experience in the air cargo industry, having previously held senior management ...
-
NewsCrane Worldwide Logistics announces new CEO
This week (Tuesday, July 30), Crane Worldwide Logistics announced the appointment of its new chief executive: Keith Winters.Winters, the second CEO to be appointed in the company's history, has replaced John Magee, who served as CEO for 11 years.Winters has extensive industry knowledge and experience that includes eight years serving ...
-
NewsDHL and Austrian Post strengthen collaboration
DHL Post HQ Tower in BonnFollowing on from their partnership in the Austrian market announced in March, Deutsche Post DHL Group and Austrian Post will also collaborate on last-mile parcel delivery in Slovakia and the Czech Republic, starting in September 2019.In Time (a subsidiary of Austrian Post) will deliver parcels ...
-
News
June airfreight rates down on last year, says Drewry
The latest Drewry East-West Airfreight Price Index indicates a dip in airfreight rates for June, compared to the same month of 2018.According to Drewry’s Sea & Air Shipper Insight: “Drewry’s East-West Airfreight Price Index inched up 1 percent in June – but remain 4 percent lower than in June 2018. ...
-
News
DSV reveals air freight performance for the half year
DSV's air freight volumes have slightly dipped this half-year, with amounts (in tonnes) increasing by 1% for the first half of 2019, but decreasing by 2% in the second quarter of the year. The decline is a result of trends in the market, as well as the termination of a ...
-
News
US–China trade tension hits Hong Kong
The ongoing dispute between the US and China is having an impact on Hong Kong’s air imports and exports, according to the latest DHL Hong Kong Air Trade Leading Index.The quarterly report, commissioned by DHL Express (Hong Kong), is prepared by the Hong Kong Productivity Council. It surveys over 600 ...
-
NewsPresident and CEO of Swissport International AG extends contract to 2020
Eric Born, president and CEO of Swissport International AG, has agreed to extend his contract of employment by one year.Born, who has been serving as the president and CEO since August 2015, was initially due to leave Swissport International AG at the end of 2019. However, due to the refinancing ...
-
Newsdnata expands and re-structures international airport operations division
dnata is using the Descartes CORE BLE real-time tracking solution to better manage its cargo. Photo: dnatadnata has introduced a new management structure following the expansion of its international airport operations division.The new management structure includes three newly created regional chief executive officer (CEO) roles. Reporting directly to Stewart Angus, ...
-
NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...
-
NewsDelta Cargo focusses on investments
Delta Cargo, Shawn ColeOver the last three years Delta Air Lines has invested four times the amount that it spent in the preceding ten years to develop its cargo business.Delta Air Lines vice president of cargo Shawn Cole tells Air Cargo News that much of the investment was made in ...
-
News
Cargo-partner to expand with new offices
Logistics firm cargo-partner is expanding with new offices in Australia, the UAE, Austria and Malaysia as it pursues organic growth.The most recent addition in cargo-partner’s global presence is Melbourne, Australia, which became fully operational as of July 15.In Malaysia, the company has taken up operations with a sales and customer ...
-
NewsPanalpina sees airfreight increase despite competitors targeting its customers
Panalpina recorded an increase in airfreight volumes in the first half of the year despite competitors targeting its volumes and the overall market downturn.The freight forwarder recorded a 5% year-on-year increase in first-half airfreight tonnage to 512,000 tonnes thanks to acquisitions, while air revenues declined by 2.6% to SFr1.5bn and ...
-
News
Atlas expects more shippers to add their own air cargo networks
Shippers are expected to increasingly create their own air cargo networks as they look to enhance the control they have over their supply chains.Speaking at the Air Cargo Europe event in early June, Atlas Air Worldwide executive vice president and chief commercial officer Michael Steen said that the rise of ...
-
NewsAgility on a growth trajectory despite market slowdown
Michael BlaufussMichael Blaufuss’ CV reads like a Who’s Who of the freight forwarding industry over the last 30 years, but surprisingly he has only really worked for two different companies.Blaufuss is currently Agility Global Integrated Logistics (GIL) senior vice president of airfreight but began his career in logistics in 1989 ...
-
NewsEtihad Cargo fine-tunes its network strategy
Etihad Cargo - Abdulla Mohamed ShadidEtihad Cargo has seen a significant change of focus in the last two years, according to Abdulla Mohamed Shadid who joined as managing director cargo and logistics at Etihad Aviation Group a year ago.In the light of changing market conditions, it was evident that the ...
-
NewsNo recovery in sight for air cargo
The latest figures from WorldACD do not offer any hopes for a recovery in air cargo growth this year, according to the analyst.Figures show that the total chargeable weight of cargo decreased by 5% year on year in May, whilst yields in US dollar terms were down 5.6% on a ...
-
News
Retailers hopeful as US holds back on plan for more tariffs on Chinese goods
US retailers have expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.On Saturday, the US President said that he would hold off imposing 25% tariffs on ...