All Business articles – Page 76
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News
Cargojet revenue rise
Canada-based Cargojet saw 2014 second quarter revenues up 3.7 per cent to C$44.3 million, due primarily to the increase in core overnight volumes and higher ACMI income.Cargojet provides time sensitive overnight air cargo services and operates a network across North America, as well as global air charters.President & chief executive ...
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United's July cargo hike
UNITED AIRLINES’ cargo revenue tonnes rose 29 per cent to more than 212,000 in July, writes Thelma Etim, deputy editor.Increased belly capacity helped the US carrier’s airfreight division to enjoy a 9.1 per cent increase to 1.4 million year-on-year.Did you find this article of interest, if so why not register ...
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Virgin appoints Globe Air Cargo in Dubai
Virgin Atlantic Cargo has appointed Globe Air Cargo as its general sales and service agent in Dubai.The move is intended to simplify Virgin Atlantic Cargo’s freight and courier express sales for customers in the UAE and “take advantage of the Dubai market’s strong growth forecast”.The airline carries around 5,000 tonnes ...
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July cargo drop for LATAM
WEAKER imports into Latin America contributed to LATAM Airlines Group’s cargo drop in July, writes Thelma Etim, deputy editor.The group’s airfreight traffic decreased 0.4 per cent, as capacity fell 5.3 per cent. As a consequence, the cargo load factor increased 2.8 points to 57.4 per cent, says a company statement.“The ...
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Avianca Q2 cargo surge
Avianca’s cargo capacity programme led to a 6.6 per cent rise to $212.3 million in 2014 second quarter freight and associated revenues.The Colombian national passenger carrier, with a freighter fleet of four B767-300Fs and one A330-200F, reported improved capacity utilisation and organic growth for the April to June period.Its cargo ...
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LATAM’s World Cup cargo woes
REDUCED cargo demand during the football World Cup in Brazil contributed to LATAM Airlines Group’s net loss of US$58.9m in the second quarter of 2014, writes Thelma Etim, deputy editor.Cargo revenues decreased by 12.7 per cent during the first six months of the year, as the group reduced capacity by ...
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Cathay Pacific Services Ltd to handle Royal Brunei cargo
CATHAY Pacific Services Ltd (CPSL) has been appointed as handling agent for Royal Brunei Airlines’ cargo operations and documentation at Hong Kong International Airport, writes Thelma Etim, deputy editor.“Providing great quality service is the utmost priority for Royal Brunei Airlines, so we are therefore very pleased to be working with ...
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Africa's great expectations
EXPLOITATION, sporadic internal political struggles, corruption and recurring natural disasters have punctuated and marred Africa’s rich heritage and held back its economic development, writes Thelma Etim, deputy editor.Despite these handicaps, the second most populous continent in the world is poised to usher in a new era of prosperity, financial commentators ...
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CAL Cargo signs Canada GSA
FREIGHTER airline CAL Cargo has appointed Exp-Air Cargo as its general sales agent in Canada, writes Thelma Etim, deputy editor.Eyal Zagagi, CAL’s chief executive, says a key element in the Israeli carrier’s stratagem is strengthening its transAtlantic east operations – following the introduction of a weekly service from Greater Moncton ...
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Changi air cargo dips in July
CARGO volumes fell by 2.4 per cent to 155,000 tonnes at Singapore’s Changi Airport’s in July, writes Thelma Etim, deputy editor.Despite the dip, its throughput between January and July this year was stable at 1,065 million tonnes, down slightly on the 1.1 million for the same period in 2013, says ...
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AA Cargo starts work on Philadelphia pharma hub
AMERICAN Airlines (AA) Cargo has started construction of a 25,000-sq ft pharmaceuticals hub in Philadelphia, writes Thelma Etim, deputy editor.It is designed to cater for a full range of temperature-sensitive products being shipped in and out of the strategically important north-east ‘pharma corridor’ and includes a 6,000-sq ft area for ...
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Emirates SkyCargo adds Los Angeles freighter service
EMIRATES SKYCARGO is expanding its freighter network in the USA by starting a weekly B777 freighter service to Los Angeles, writes Thelma Etim, deputy editor.The Middle East carrier’s other freighter destinations in the USA are Chicago, Atlanta and Houston.In addition to these, the freight division also has belly-hold cargo services ...
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Russian tit-for-tat security plan sparks cost fears
THE COST of transporting goods by air to Russia will rise, if that nation introduces its own security rules for airfreight shipments from Europe, writes Thelma Etim, deputy editor.The European Shippers Council (ESC) has branded the Russian move as tit-for-tat and says it will not only threaten the air cargo ...
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Keep to the rules
TRADE and commerce require internationally-agreed rules and regulations if they are to flourish, and the same can be said for air cargo, writes Roger Hailey, Air Cargo News editor.The suggestion that Russia is considering retaliatory security legislation aimed at the European air cargo industry raises the unhappy prospect of a ...
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Qantas Freight earnings in freefall
THE SALE of road freight company Star Track Express amid ‘challenging global air cargo markets’ pushed down Qantas Freight’s (QF) earnings before tax and interest (EBIT) by more than a third in the financial year of 2014, writes Thelma Etim, deputy editor.The Australian flag carrier’s cargo division recorded EBIT dropped ...
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Virgin Cargo chief’s warning over yields
OVERCAPACITY in the global air cargo industry on major routes continues to suppress yields, warns Virgin Atlantic Cargo, writes Thelma Etim, deputy editor.Despite a three per cent reduction in the airline’s cargo capacity in the first half of this year, the carrier saw its tonnage rise one per cent to ...
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Counting on perishables
THIS summer Korean Air was gorging itself on Canadian lobster. Between late May and the end of August the carrier extended one of its Seoul-Toronto all-cargo flights to Halifax once a week to load up some 40 tonnes of crustaceans worth US$532,256, writes Ian Putzger.KAL made it clear from the ...
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Freighters switch triggers Dubai (DXB) cargo drop
WHILST the permanent relocation of Emirates SkyCargo’s freighter operations has boosted Dubai World Central’s (DWC) cargo business, the switch has had the opposite effect on its sister airport Dubai International (DXB), writes Thelma Etim, deputy editor.DXB recorded a downturn in July, with volumes falling to 184,720 tonnes, down 10.7 per ...
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WFS to acquire Swissport's Copenhagen handling business
WORLD Flight Services (WFS) is to acquire Swissport’s cargo business at Copenhagen Airport, writes Thelma Etim, deputy editor.Under the terms of the agreement, Swissport will transfer all its business activities currently carried out by Swissport Cargo Services Denmark ApS, as well as its 4,200m² cargo terminal which handles 18,000 tonnes ...
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July air freight markets rise strongly
Global air freight markets showed a strong increase in July, with freight tonne km (FTKs) up 5.8 per cent, more than twice the rate of prior month June.Latest data from the International Air Transport Association (IATA) indicates that the strong growth mirrors positive developments in some key regional economies but ...