Business – Page 112
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News
DHL Global Forwarding considers the future of troubled IT transformation project
DHL Global Forwarding is considering completely scrapping the IT and enterprise resource planning (ERP) systems it has been developing as part of its New Forwarding Environment (NFE) transformation project in favour of a different system.Speaking shortly after announcing second-quarter results, Deutsche Post DHL chief financial officer Larry Rosen said that ...
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Record half year for freighter lessor ATSG
Air Transport Services Group (ATSG), the medium wide-body freighter aircraft lessor, reported record first-half 2015 results on the back of continued growth plus a “strong appetite” for its Boeing 767 freighters.US-based ATSG’s pre-tax earnings from continuing operations in the second quarter increased 17% to $17.2m, including a 35% increase in ...
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Update: airlines Swiss-Lufthansa adopt new air cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo have provided further information on their new cargo pricing structure which takes effect from October 25 this year.The pricing of both airlines will consist of just two components: a net rate and an airfreight surcharge.Said Lufthansa Cargo: “As a result, the different surcharges currently in ...
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Virgin Atlantic Cargo calls for ethical standards for airfreight
Virgin Atlantic Cargo has called for the creation of an industry-wide ethical cargo policy that will identify shipments not acceptable for carriage in the aftermath of the killing of Cecil the lion.The UK airline, which already has an ethical cargo policy in place, called for an industry-wide agreement that would ...
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Air cargo volumes stagnate and load factors slide in June
The air cargo industry faced another tough month in June as volume growth “stagnated” and load factors continued to slide.Airline organisation IATA’s monthly airfreight market analysis has revealed that cargo traffic in freight tonne km terms increased by 1.2% in June compared with a year earlier.This lags behind the 3.5% ...
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Lufthansa's air cargo and logistics division slips to loss on freight centre delay
Lufthansa’s air cargo and logistics division sank to an operating loss in the first half of the year despite lower fuel prices and an increase in revenues.The logistics segment, which includes Lufthansa Cargo, Jettainer and its share of AeroLogic, saw first-half revenues increase by 4% on last year to €1.2bn ...
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FedEx and Atlas join coalition to back Middle East carriers in US subsidy row
FedEx and Atlas Air have joined up with two other US carriers to create the US Airlines for Open Skies Coalition, in support of Middle East Gulf airlines who have been accused of distorting competition via state subsidies.US-based parcels giant FedEx and lessor Atlas have joined forces with JetBlue Airways ...
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Brussels launches probe into FedEx’s proposed TNT takeover
The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices.The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity ...
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IAG revenues up on currency gains
IAG saw cargo revenues increase by more than 8% during the second quarter of the year despite a volume decline caused by a move away from operating its own freighters.The Iberia and BA owner recorded cargo revenues of €259m during the second quarter of the year, up from €238m during ...
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IATA hits out at Paris airport charge increases
IATA has hit at the French Government for allowing the operator of Paris-Charles de Gaulle (CDG) and Paris-Orly (ORY) airports to continue increasing airport charges for each year of the 2016-2020 period.The airline group said the French government’s decision ignores the recommendation of the independent Airport Consultative Commission, which said ...
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Strong full year prediction from Atlas Air
Freighter aircraft lessor Atlas Air expects to end 2015 with “a strong year and a significant increase in earnings” on the back of a second quarter that saw “contribution and margin strength” in the ACMI, charter and dry leasing sectors.Bill Flynn, president and chief executive of Atlas Air Worldwide Holdings, ...
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ANA endures tough quarter for cargo
ANA Cargo has endured a difficult second quarter as revenues, volumes and load factors all declined as typhoons, softening export demand and a weakening yen took their toll.The Japanese carrier saw cargo revenues decline by 2.4% during the April-June period to Y36bn.Cargo traffic slid by the larger amount of 7% ...
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JAL Cargo revenues up on international growth
JAL Cargo has recorded an increase in cargo revenues during the first quarter of its fiscal financial year.The Japanese carrier saw international and domestic cargo revenues during the April-June period increase to Y20.5bn from Y19.8bn a year earlier.International volumes increased by 9.4% during the period in cargo ton km terms, ...
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Ground handling shake-up continues as HNA swoops on Swissport in Sfr2.7bn deal
The fast-changing ground handling industry today saw a second major takeover take place within a week when China’s HNA Group swooped on Swissport in a Sfr2.73bn deal.HNA, owner of China’s fourth-largest airline, Hainan Airlines, said Zurich-based Swissport would remain a standalone business within the group and added that it would ...
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Australia and US agree mutual recognition strategy for air cargo screening
The US and Australian governments have agreed a policy to phase-in arrangements to screen all US-bound air cargo at piece-level.The strategy will allow the US Transportation Security Administration (TSA) to continue recognition of Australia’s National Cargo Security Program (NCSP) for US-bound air cargo until mid-2017.The move was welcomed by TIACA, ...
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SIA sees 7.2% air cargo revenue decline in Q1
Singapore Airlines Group saw cargo revenue decline 7.2% in the first quarter of the current financial year (April-June 2015), despite a slight increase in freight carried, due to a 7.6% fall in yield.SIA Cargo recorded a first quarter loss of S$9m, compared with a S$18m deficit in the like three-month ...
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Hawaiian Airlines outlines reasons for freighter acquisitions
Hawaiian Airlines has given more details on the logic behind its decision to begin all-cargo flights to neighbouring islands.Speaking during an investor call to discuss second quarter results, Hawaiian Airlines president and chief executive Mark Dunkerley said the three ATR 72 turboprop freighters it would acquire would open up US ...
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e-AWB take-up not fast enough warns IATA
Global electronic-air waybill (e-AWB) penetration is growing, “but not fast enough,” says IATA, which wants the industry to accelerate implementation by focusing on the top 20 e-AWB-enabled airports.Latest IATA figures for June 2015 show that the number of e-AWBs submitted globally rose to 28.8%, up by just 0.8% from the ...
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Forwarder CH Robinson reports tough Q2 for air cargo
US trucking and forwarding giant CH Robinson saw airfreight revenues decline in the second quarter as it came under pricing pressure.The Minnesota-headquartered company recorded an overall 1.2% year-on-year increase in revenues during the quarter to $3.55bn, while net income grew by 15.7% on a year earlier to $137m.The increases were ...
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ACAS pilot programme further extended by the US
The US Customs and Border Protection Agency (CBP) is again extending the Air Cargo Advance Screening (ACAS) pilot programme through to July 26, 2016, and is also reopening the application period to accept applications for new ACAS pilot participants through to October 26, 2015.The ACAS pilot is a voluntary test ...