Business – Page 127

  • News

    Atlas places two B747-8Fs in ACMI with DHL Express

    2015-03-03T15:39:31Z

    ATLAS AIR Worldwide has placed two B747-8 freighters into ACMI service for DHL Express.The pair will be operated by Atlas Air in Polar Air Cargo Worldwide's transpacific express network under an ACMI arrangement for DHL Express and Polar's other customers.The aircraft replace two B747-400 freighters currently in ACMI service for ...

  • News

    Air cargo market levels off, notes IATA

    2015-03-03T15:33:23Z

    AIRFREIGHT markets were up 5.9 per cent in March compared to a year ago and capacity grew 3.4 per cent, reports IATA.Despite this improvement, air cargo volumes have been basically flat since the beginning of this year, says the association.“This plateau in volumes is consistent with the recent pause in ...

  • News

    Lufthansa Group's sound quarter

    2015-03-03T15:27:02Z

    THE Lufthansa Group is anticipating annual 2014 operating profits of between €1.3bn and €1.5bn after an operating result of minus €245m for the first quarter of 2014, a period that is traditionally the weakest of the year.The net result for the quarter amounted to minus €252m, a substantial €206m improvement ...

  • News

    Lacklustre cargo dampened Asia Pacific carriers

    2015-03-03T15:26:22Z

    WEAK airfreight markets contributed to a 55 per cent plunge in 2013 net earnings for Asia Pacific airlines to $2.5bn.The Association of Asia Pacific Airlines said that full year profitability succumbed to widespread yield pressures arising from stiff market competition and “lacklustre air cargo demand”.AAPA’s preliminary financial performance figures show ...

  • News

    SIA Cargo cuts year end operating loss to S$100m

    2015-03-03T15:21:49Z

    SINGAPORE AIRLINES CARGO recorded a S$100m operating loss for the 2013-14 financial year, as efforts to better match capacity with demand saw a reduction from the S$167m loss in prior year.The SIA Group reported an impairment of S$293m on four surplus freighters that have been removed from the operating fleet ...

  • News

    Emirates profits soar

    2015-03-03T15:20:54Z

    THE Emirates Group recorded its 26th consecutive year of profits in 2013.The company posted a US$1.1bn profit – 32 per cent up on the previous year.Its revenue climbed to $23.9bn, 13 per cent higher, despite competitive pressures and the slow global economic recovery.Cargo’s contribution was impressive, with Emirates SkyCargo for ...

  • News

    One Question

    2015-03-03T15:15:41Z

    John Lloyd, director of cargo, Virgin Atlantic, answers: "THERE is a small improvement in the market that we hope will be sustained throughout this year. Although the most recent downturn was once again challenging, we’ve been through similar cycles in the past and every time we come through it I ...

  • News

    A mature response

    2015-03-03T15:14:22Z

    WE HAD a dig at Cargolux in our last issue, relaying information passed exclusively to my colleague Thelma Etim that all is not well at the now partly Chinese-owned all-cargo airline.Expecting some sort of angry, waspish response, I was instead surprised and heartened by Cargolux’s positive attitude towards Thelma’s investigative ...

  • News

    Challenging market conditions hits IAG Cargo’s revenue

    2015-03-03T15:11:59Z

    IAG CARGO has blamed weak market conditions for its drop in revenue during the first quarter of this year.The freight arm of British Airways and Iberia revealed commercial revenue (flown revenue plus fuel surcharges) dropped to €250m from the €270m recorded during the same period in 2013.Although cargo tonne kilometres ...

  • News

    April cargo boost for Heathrow

    2015-03-03T15:08:38Z

    CARGO volumes at London's Heathrow Airport rose 4.4 per cent in April over prior year period to 120,194 tonnes, with air freight traffic increasing 26.8 per cent to China, 25.1 per cent to Mexico and 15.8 per cent to Russia.Latest figures from Heathrow Airport Holdings show a 3.2 per cent ...

  • News

    Fraport blames strike for cargo drop

    2015-03-03T15:04:24Z

    CARGO volumes fell by 1.2 per cent to 171,909 tonnes at Frankfurt Airport in April.The slide was due to the strike-related reduction in shipping capacities, as well as the shift of the Easter holidays from March to April 2014, resulting in the cargo business slowing down during the holiday period, ...

  • News

    Perishables modal shift fuelled by technology

    2015-03-03T15:01:55Z

    NEW technology in controlled-atmosphere containers (CAC), such as Maersk Container Industry’s (MCI) Star Cool CA product line, has the potential to further accelerate the modal shift in the transportation of perishables, a report reveals.The technology’s ability to slow down the ripening process potentially opens up ocean transport as a viable ...

  • News

    LATAM cargo revenues dip in Q1

    2015-03-03T14:56:10Z

    LATAM AIRLINES GROUP saw first quarter 2014 air cargo revenues fall 12.5 per cent to around US$406m, as weakened demand saw volumes decline 2.4 per cent and yields fall 10.4 per cent.The combined LAN Airlines and TAM group, which currently operates four B777-200Fs and 11 B767-300Fs, reported that cargo trends ...

  • News

    Jan de Rijk gains CEIV Pharma

    2015-03-03T14:52:33Z

    Jan de Rijk Logistics has achieved certification in IATA’s Center of Excellence for Independent Validators in Pharmaceutical Handling programme (CEIV Pharma). “With this certification we are able to differentiate ourselves by offering a competitive advantage to our customers”, says Sebastiaan Scholte, chief executive of Netherlands-based Jan de Rijk Logistics, which ...

  • News

    Düsseldorf air cargo up in Q1

    2015-03-03T09:33:44Z

    CARGO volumes at Düsseldorf Airport climbed five per cent to about 37,000 tonnes in the first quarter of this year.The upward trend continued in April, with tonnage increasing by 14.6 per cent year-on-year, mainly driven by the inauguration of summer flight schedules, notes Thomas Schürmann, the airport’s marketing and sales ...

  • News

    B747-8Fs boost Cathay Pacific and Dragonair cargo

    2015-03-03T09:28:48Z

    CATHAY PACIFIC CARGO and its sister company Dragonair carried 137,444 tonnes of cargo and mail in April, an increase of 11.0 per cent in comparison with the same period last year.The cargo and mail load factor rose by 2.3 percentage points to 63.1 per cent, whilst capacity, measured in available ...

  • News

    Alaskan salmon flies south

    2015-03-03T09:24:04Z

    ALASKA Air Cargo flew 24,100 lbs (11 tonnes) of the season's first shipment of Alaska Copper River salmon to Seattle-Tacoma International Airport."The arrival of the fish-filled B737 marks the start of the summer salmon season and is an annual rite of passage anticipated by seafood lovers throughout the Pacific Northwest," ...

  • News

    Don’t be a pharma chameleon

    2015-03-03T09:14:34Z

    THERE was a time when pharma shipments came in kilo-sized boxes.With a few notable exceptions – Swissair, for example – airlines made no special provisions for these high-yield cargoes other than, perhaps, hand-transferring them during the ramp-to-warehouse-to-truck process. Temperature-control zones didn’t exist 30 or so years ago and widespread pharma ...

  • News

    Freighter fleet numbers set to grow

    2015-03-03T09:08:04Z

    FREIGHTER FLEET numbers look set to grow by 2033 despite the rise in bellyhold cargo capacity, according to a new range of demand forecasts by the specialist aviation consultancy ACMG.According to Seattle-based ACMG, the air freight market will need about 100 new freighters per year over the next twenty years ...

  • News

    Otsuka rolls out new inventory software

    2015-03-03T09:05:08Z

    JAPANESE healthcare company Otsuka has rolled out inventory planning software from supply chain specialist AGR to smooth out its stock control and sales processes – and cut out unnecessary costs.The system manages fluctuating demand and stock levels on a daily basis – and provides real-time information for faster, improved decision-making.“Otsuka ...