Business – Page 122
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Airlines respond to price-fixing charges
Three of the seven airlines named in a US price-fixing lawsuit by forwarder DB Schenker have filed motions to dismiss the action.At the Eastern District of New York court on January 16, All Nippon Airways and Cargolux argued that the German-based forwarder had been ‘forum shopping’ – choosing the jurisdiction ...
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Hong Kong on the rise
Hong Kong Air Cargo Terminals Limited (Hactl) finished 2014 with a strong final quarter that helped fuel an 8.7 per cent rise in full year handled volumes to just over 1.8m tonnes.Hong Kong’s major independent cargo handler ended 2014 with its strongest quarter of the year, handling 491,000 tonnes, an ...
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Dubai International cargo down as freighters switch hubs
Freight volumes at Dubai International (DXB) fell 3.1 per cent in 2014 over prior year to 2.36m tonnes, due to the shift of freighter operators to Al Maktoum International at Dubai World Central (DWC) earlier this year.December’s freight volumes at DXB decreased by seven per cent to 203,000 tonnes.Did you ...
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1.45m tonne debut year for Hong Kong terminal
Cathay Pacific Cargo Terminal (CPCT) handled 1.45m tonnes of cargo in 2014, its first full year, with transshipment traffic the main driver at 54 per cent of volume throughput.Import and export cargo tonnage throughput were 15 per cent and 31 per cent, respectively, said parent company Cathay Pacific Services Ltd ...
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Full year cargo rise at Athens
Athens airport saw a 3.3 per cent rise in full year 2014 cargo volumes at its four freight terminals to 77,327 tonnes.Alexis Sioris, manager cargo development at Athens International Airport, said: “We are once again showing our customers that Athens is a multi-modal cargo hub, which has been a major ...
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German shippers join cartel claims lawsuit
German carmaker BMW and car supplier Bosch are joining German railway Deutsche Bahn in a $2.4bn claim for damages against airlines involved in a global air cargo cartel between 1999 and 2006.Spokespeople for BMW and Bosch told Reuters that the companies had joined the lawsuits, announced by Deutsche Bahn’s DB ...
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Transhipment sags but Changi is stable
Singapore Changi Airport’s cargo volumes were stable at 1.84m tonnes in 2014 compared with 2013, although passengers hit a record 54.1m.Flight movements dipped 0.7 per cent to 341,390 for the year. In December 2014, the airport handled 158,600 tonnes of cargo (+1.4 per cent).Total cargo throughput for 2014 was up ...
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Christmas overspend flattens UPS earnings
UPS reported “flat” fourth quarter earnings in the fourth quarter of 2014 compared with the same period in prior year. In fact, earnings per share, at $1.25, were identical to 2013, said the US-based express carrier.It blamed higher than expected peak operating expenses in its home market as the carrier ...
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Stansted flower power
Stansted Airport played cupid as 200 tonnes of flowers arrived in preparation for Valentine’s Day.Freighters have flown in tens of thousands of roses from Kenya and Colombia into the UK hub.Stansted handles around 230,000 tonnes of freight per year on 11,000 cargo flights to and from 200 countries including textiles, ...
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DWC passes 750,000 tonnes in first full year
Airfreight volumes at Dubai World Central (DWC) reached 758,000 tonnes in 2014 compared with 209,000 tonnes in 2013, following the shift of freighter aircraft operators from the older Dubai International airport (DXB).Owner Dubai Airports added that the new UAE gateway also registered robust growth in the 2014 fourth quarter, with ...
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Ménage a trois for Delta
Delta Cargo is to co-locate with Air France-KLM at Paris Charles de Gaulle (CDG) airport.The move brings all three Skyteam Cargo alliance members under one roof and will improve efficiency, said the US carrier. It would also offer more frequent routing options with the benefits of a broader joint network.Delta ...
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DHL Shanghai’s cool chain investment
DHL Global Forwarding has opened a RMB115m (€16m) expansion of its Shanghai air freight terminal, including a new warehouse and 1,600 sq m of cold storage for life sciences and healthcare customers.The logistics arm of Deutsche Post DHL says that its new Shanghai air freight centre has been developed on ...
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Dentressangle extends HK consolidations to the UK
Norbert Dentressangle is extending its Hong Kong air cargo consolidations to the UK, following the launch of a similar service to Paris.With cargo space on flights from China and Hong Kong at a premium in the weeks and months leading up to the Chinese New Year, the freight forwarder will ...
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Saudi freight blooms as Kenya trade flowers
Heightened seasonal demand for Kenyan flowers will see Saudia Cargo boost its freighter capacity from Nairobi to Amsterdam during February by at least six additional B747F flights.The 25 per cent boost on the Africa to Europe route equates to an extra 3,000 tons for the month, supplementing the Middle East ...
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Support grows for Hong Kong's self-funded third runway
Cathay Pacific Airways has reiterated its “unequivocal support” for a third runway at Hong Kong International Airport (HKIA), the world's top cargo hub, believing that the project can be self-funded.Cathay Pacific chief executive Ivan Chu said: “There is an urgent need to move ahead with the third runway project as ...
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IAG Cargo to offer all-in freight rates
IAG Cargo is joining the all-in freight rates club, following the lead set by Emirates SkyCargo and Qatar Airways.A spokesman for the cargo arm of British Airways and Iberia said that it will remove the fuel surcharge and exceptional handling charges “to offer a simpler pricing structure”.He added that the ...
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Is that email really from IATA?
The problem of fraudulent IATA emails has resurfaced again, reports the British International Freight Association.Criminals send emails seeking payment for products, services, or other outstanding amounts due, often using names similar or identical to those of IATA officials.Worryingly, says BIFA, the fraudsters now seem to have mastered the art of ...
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Dachser keeps it in the family
European logistics company Dachser has become a Societas Europaea (SE) – a modern, pan-European company structure – but insists that it will remain a family-owned firm and is not planning to list on the stock market.Dachser spokesman Christian Weber said: “Dachser is and will be a 100 per cent family-owned ...
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APL deal gives Kintetsu global clout
Japanese-owned forwarder Kintetsu World Express (KWE) said its planned acquisition of APL Logistics (APLL) from Singapore-based NOL Group would allow it to combine its air and sea freight expertise with APLL’s logistics and value-added services.It would also give it a management base that can compete on a par with European ...
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Japanese post office swoops for Toll
Toll Holdings, Australia’s largest international logistics company, is to be sold to the Japanese post office in a deal worth A$8bn.The announcement came the day after another giant of the Japanese freight industry, Kintetsu World Express, said that it was buying APL Logistics from Singapore-based shipping operator NOL Group.Toll will ...