Business – Page 120
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Dubai World Central’s (DWC) US$32bn airport
CARGO business is projected to soar at Al Maktoum International Airport- Dubai World Central (DWC) in the 2020s, after the completion of an AED120bn (US$ 32bn) expansion project, writes Thelma Etim, deputy editor.The ambitious 56-sq-km development, fully endorsed by Sheikh Mohammed bin Rashid Al Maktoum, vice-president and Prime Minister of ...
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Emerging markets boost Heathrow’s cargo
ROBUST freight traffic, driven primarily by the emerging markets, made August Heathrow Airport’s busiest ever month, writes Thelma Etim, deputy editor.Cargo was up 7.5 per cent overall, increasing 58 per cent to Turkey, 33 per cent to Russia, 32 per cent to Brazil, 30 per cent to Mexico and 16 ...
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DHL opens Leipzig pharma hub
DHL Global Forwarding has marked the official opening of a €3.4 million logistics centre in Leipzig, Germany, for the pharmaceuticals industry.The air and ocean freight specialist of Germany’s Deutsche Post DHL said that the facility, located next to Leipzig/Halle airport, serves as a competence centre for the “transport, transport preparation, ...
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Dubai (DXB) cargo uptick
DUBAI International Airport’s cargo volumes rebounded by 4.3 per cent to 192,902 tonnes in August, compared with 184,877 in the same month in 2013, writes Thelma Etim, deputy editor.The upswing came after the hub returned to full operational capacity in August following a runway upgrade project that reduced the airport ...
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Is shipment consolidation the big barrier to cutting transit times?
DOING the same thing over and over again and expecting a different outcome is a clear sign of madness, it is said. Exposure to the air cargo industry’s disjointed processes only endorses that aphorism, writes Thelma Etim, deputy editor.With the industry’s golden era long gone, and despite the e-commerce boom, ...
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eAWB take-up hits its stride
August set the record for the fastest month for e-AWB growth, at 2% globally. Adoption speed is now four times that of the same period last year. There are now 20 airlines that have achieved over 20% e-AWB penetration, compared with only seven at the start of the year. Airports ...
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Air cargo leaders call for collaboration
Greater collaboration between the air cargo industry and regulators is essential to deliver safe, reliable and efficient global trade, according to the Chairman of The International Air Cargo Association, Oliver Evans.Speaking at the opening of TIACA’s Air Cargo Forum at Seoul’s Incheon Airport on October 7, Evans told delegates that ...
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Formula One arrives in Sochi
Three flights conveying Formula One racing cars and spare parts from Nagoya following the Japanese Grand Prix arrived at Sochi International Airport on October 7, as part of the preparations for the forthcoming Russian Grand Prix.Operated by the Basel Aero subsidiary of Russian industrial group Basic Element, the airport lies ...
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United Cargo: A dutchman in America
Jan Krems may have just taken over as president cargo at United Airlines after a 27-year career with KLM (Air France-KLM since 2005), but he is no stranger either to the US or to the weather in his new Chicago base.He was for four years based in the Windy City ...
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Regulators and demanding customers force the pace on e-freight
Modal shift is occurring in part because of the air cargo industry’s snail-paced adoption of e-freight and reluctance to share data. Airlines and forwarders are looking after their own interests when they should be “protecting air freight as a mode,” according to James Fernandez, VP global commercial operations at technology ...
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Why China still depends on Hong Kong
As the civil unrest on the streets of Hong Kong gradually abates, the interesting question emerges of whether China needs the former British colony just as much as Hong Kong needs China.Mark Whitehead, CEO of handler Hong Kong Air Cargo Terminals Limited (Hactl), is clear that the relationship is two-way, ...
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Tone of cautious optimism for final quarter of 2014 for global air cargo
"The air cargo industry is seeing stability" Michael Steen, Executive Vice President & Chief Commercial Officer, Atlas Air Worldwide Holdings told attendees at Cargo Facts Aircraft Symposium in Miami. "The question to ask" he added, "Is it sustainable growth? While there is solid growth in many markets of between 3-5% ...
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Kuehne + Nagel: Simplicity is the solution
For airlines worried about the shift of cargo from air to sea, Tim Scharwath, executive vice president air logistics for Kuehne + Nagel, has both good and bad news. The bad news is that yes, air freight is playing a smaller role in the logistics of some key industries than ...
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Panalpina airfreight sees stable growth
INTERNATIONAL freight forwarding and logistics company Panalpina maintained overall profitability in the first nine months of 2014. Undeterred by ongoing restructuring, airfreight volumes grew four percent year-to-date, but unit profitability decreased due to margin pressure and currency effects.“We have managed to keep up profitability in the first nine months of ...
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Eastward push for global trade
A substantial shift to emerging economies is pushing eastward the world’s economic centre of gravity, says global logistics giant DHL in its latest study.The third edition of DHL’s Global Connectedness Index (GCI) indicates that emerging countries are now involved in the majority of "international interactions".This is in contrast to pre-2010, ...
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Cargolux: Betting big on China
How many B747-8 freighter flights between Zhengzhou and Luxembourg can the market sustain? That was the question when Cargolux announced that it was to sell a 35 percent stake to Henan Civil Aviation and Investment Company Ltd (HNCA), an enterprise owned by the Chinese province of Henan.The deal, completed in ...
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Double digit boost for Expeditors
Expeditors International recorded double digit volume growth for both air and ocean freight in the 2014 third quarter, the first time this has happened since the last three months of 2010.The US-based global logistics operator said: "These 2014 third quarter results have given us a great deal of confidence,” adding ...
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CEVA air freight volumes on the up
Supply chain specialist CEVA reports that its third quarter airfreight volumes rose five per cent over prior year, ahead of the market.CEVA also announced that it is adopting a local, rather than region-based, operating model.Xavier Urbain, chief executive of CEVA, said: “For our customers, local ownership of execution is very ...
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DP DHL: air freight in Q3 surge
New business helped logistics giant Deutsche Post DHL record a 2.3 per cent growth in air freight volumes to 2.97m tonnes in the first nine months of 2014 versus prior year, outpacing sector revenues that edged ahead 0.6 per cent to E3.7bn.However, third-quarter air cargo volumes climbed “significantly” by 4.8 ...
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Agility shows growth
GLOBAL forwarder Agility's third quarter revenues were KD337m, a three per cent increase from the same period a year earlier, with a profit rise of seven per cent to KD13m.For the first nine months of 2014, the Kuwait-based global logistics operator reported a net profit of KD37.1m, an increase of ...