Business – Page 121
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Dubai aviation's big bucks for the local economy
Dubai’s aviation sector contributed $26.7bn to the local economy in 2013, almost 27% of the emirate's GDP.A report by global research firm Oxford Economics found that Emirates airline, Dubai Airports and the aviation sector as a whole supported a total of 416,500 jobs, accounting for 21% of total employment.The objective ...
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Fraport consortium wins tender for 14 Greek airports
Fraport Frankfurt Airport Services Worldwide and its partner Copelouzos Group have been selected as preferred investors for a 40-year operating concession covering 14 regional airports in Greece.The concession, priced by the winning consortium at Euro1.2bn, sees the previously government-operated sites move into private hands after a tender process run as ...
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DB Schenker seeks $2.5bn in cargo cartel compensation
German logistics giant DB Schenker is seeking estimated damages of $2.5bn after filing lawsuits in US and Germany against airlines involved in a global air cargo cartel between 1999 and 2006.It has warned that the total damages could add up to more than $3.3bn.The parent company, German rail operator Deutsche ...
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Heathrow volumes rise in November
A surge in cargo to Mexico, Brazil, India and Turkey helped London-Heathrow airport freight volumes rise 2.3 per cent in November to 136,400 tonnes, compared with like month 2013.For the 11 months in the year to date, the UK’s top air cargo hub registered an overall 5.3 per cent increase ...
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Top five sign roadmap to combat cybercrime
Five major international aviation organisations have agreed a “common roadmap” to combat attacks from hackers and other cyber criminals.The group is made up of the International Civil Aviation Organization (ICAO), Airports Council International (ACI), the Civil Air Navigation Services Organisation (CANSO), the International Air Transport Association (IATA) and the International ...
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PACTL's record November
Shanghai's Pudong International Airport Cargo Terminal (PACTL) saw November year-on-year freight volume growth of 13.9 per cent to 147,267 tonnes, the strongest monthly result in its history.PACTL’s domestic cargo volume grew by just under 13 per cent year-on-year to 9,744 tonnes in November, while its international cargo volumes rose by ...
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LAN Cargo: The shift to belly capacity
There was a brief moment in the late 1990s when LAN Chile (as it was then) looked like becoming a combination carrier with more revenue from cargo than passengers. Serving Latin America’s rugged geography, it built up a stable of twelve 767-300Fs - the largest non-integrator 767F fleet - and ...
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Exelsius launches pharma programme
Exelsius has launched a pharmaceutical qualification programme (PQP) for companies involved in the handling and transportation of pharmaceutical & life science products.The UK-based international cold chain management consultancy says that its programme allows airports, freight forwarders and logistics service providers to become certified to Good Distribution Practice (GDP) standards.The PQP ...
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US port chaos boosts ex-Asia Pacific air cargo revenues
Inbound US west coast container port congestion provided a November boost for transpacific air cargo revenues out of Asia to North America, although ex-US revenues fell.WorldACD’s latest monthly market data found that the transpacific was the best of the large markets in November.The Netherlands-based research house posed the question: “Did ...
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Cologne cargo up 2% in 2014
Cologne Bonn Airport saw record air cargo growth in 2014, handling 753,000 tonnes, a two per cent increase on 2013.The German airport handled 9.5m passengers in 2014 – a “significant rise” over prior year.“2014 has exceeded our expectations. We have developed better than the German passenger market, partially with growth ...
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Thumbs up for Emirates' all-in freight rates
Shippers and forwarders have welcomed Emirates SkyCargo’s move to introduce an all-inclusive freight rate that does away with separate pricing components based on weight/volume plus fuel and security surcharges.“It is the best start to 2015 that I could imagine,” said Joost van Doesburg, airfreight policy manager with the European Shippers’ ...
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Heathrow cargo volumes hit new heights
London Heathrow Airport saw a 5.3 per cent growth in cargo volumes in full year 2014 to 1.5m tonnes, ending with a final freight flourish.In December, cargo volumes at the number one UK freight hub rose 6.2 per cent overall, including increases of 33.5 per cent to Mexico, 29.4 per ...
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Cargo leads Atlanta’s agenda
ATLANTA Hartsfield-Jackson International airport, the world’s busiest in terms of passenger traffic and aircraft movements, wants to upgrade its cargo side. At the top of the agenda: more warehouse space and upgraded perishables facilities, writes John McCurry.Miguel Southwell, aviation general manager for the airport, says Hartsfield-Jackson has had two successive ...
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French forwarders slam fuel surcharges
French freight forwarders have called on airlines to end separate fuel surcharges, which they argue are no longer relevant.TLF Overseas, the French freight forwarders organisation representing 95 per cent of general air cargo transactions, expressed its “incomprehension” of a situation that requires “more transparency and real positive economic signals from ...
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Liege cements top slot in Belgium
Liege Airport confirmed its position as Belgium’s number one cargo airport with 590,579 tonnes in 2014, up 5.3 per cent on 2013.The increase at the European hub was due to increased throughput by major carriers TNT Airways, Ethiopian Cargo and CAL, along with Ana Airline Management’s decision to base its ...
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New US security rules will be a squeeze, says TIACA chief
The International Air Cargo Association (TIACA) is urging its members to pay close attention to the US Transportation Security Administration (TSA)’s new freighter security plans and to make their views known if they feel there could be any problems.With the TSA’s updated Security Programs for all-cargo/freighter aircraft not published until ...
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Volga-Dnepr: Still shouldering the burden
There are “a lot of assumptions and a lot of speculation about what is happening and what is not happening, but we are a private airline and it has had no direct effect on us,” says Dennis Gliznoutsa, vice-president sales of Volga-Dnepr about the impact on its business of the ...
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Doncaster Sheffield cargo doubles
Robin Hood Airport Doncaster Sheffield, one of the UK’s newest commercial airports, reports a more than doubling of its cargo traffic to 945 tonnes in 2014.Ebola aid flights to Sierra Leone in November and December by Anglo World Cargo contributed to a 112 per cent increase in freight, it said. ...
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Shanghai sets freight record
Shanghai Pudong International Airport has set a new cargo record, handling a total of 1.5m tonnes of freight in 2014, with growth of 16.15 per cent year-on-year.Shanghai Pudong International Airport Cargo Terminal Co Ltd. (PACTL) - a joint venture handling operation between Shanghai Airport, Lufthansa Cargo and JHJ Logistics Management ...
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Frankfurt cargo up 1.7 per cent in 2014
Strikes and snow failed to dampen 2014 cargo volumes at Frankfurt airport, with Germany’s premier freight hub recording a 1.7 per cent rise in full year throughputs to 2.2m tonnes.However, in December 2014, cargo volumes for the final month slipped 1.4 per cent year-on-year, reaching 176,241 tonnes.Frankfurt's full year 2014 ...