Business – Page 57
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NewsFTA to become Logistics UK later this month
UK supply chain group the Freight Transport Association has officially changed its name to Logistics UK.The group first announced plans for the change in February of this year, but the name change was delayed as a result of the Covid-19 outbreak.The move comes as the organisation looks to achieve more ...
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TIACA begins its search for a new director general
TIACA has commenced its search for the newly-created role of director general. Applications for the position can be submitted, by email to its Selection Committee, from July 14 to August 21.Currently Céline Hourcade is heading the association as its transition director.The director general will act as chief executive of the ...
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Transpacific airfreight rates edge back up
Transpacific airfreight rates increased last week as two US carriers temporarily back tracked on their plans for services to Hong Kong.The latest figures from TAC Index show that airfreight rates from Shanghai to North America increased by 4.2% week on week to $4.69 per kg while from Hong Kong to ...
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Virgin Atlantic finalises $1.5bn refinancing and aims for profit in 2022
Virgin Atlantic has finalised a $1.5bn (£1.2bn) refinancing package over the next 18 months, which the UK-based carrier says marks a “major milestone” in securing its future and under which it is aims to return to profit from 2022.The restructuring plan is based on a five-year business strategy and is ...
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NewsSenator International expands US freighter operations
Hamburg-headquartered logistics firm Senator International has expanded its Senator Atlantic Bridge (SAB) by adding Chicago Rockford International Airport (RFD) as a destination to its network.Senator will operate a Boeing 747-400 BCF service from Frankfurt-Hahn Airport (HHN) to RFD once a week.The company said in a statement: "The new destination provides ...
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NewsRFS firms see spike in demand with bellyhold operations grounded
Road Feeder Service (RFS) providers have reported a spike in demand during the coronavirus outbreak as a result of the grounding of passenger operations and subsequent loss of bellyhold capacity.Luxembourg-based Wallenborn's commercial director, Jason Breakwell, told Air Cargo News that the pandemic resulted in the company’s trucks travelling 19% more ...
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Lufthansa Cargo to shed 10% of jobs by 2023
Lufthansa Cargo will shed just over 10% of its workforce by 2023 as part of a restructuring at the overall airline group.A spokesperson for the cargo division confirmed that around 500 of the cargo division’s workforce of 4,500 people would leave the company over the next two-and-a-half years.Part of the ...
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Delta Cargo moves to expand payment options
Delta Cargo has partnered with online payment platform PayCargo and Unisys to offer customers an additional option to pay for their shipments’ destination chargesThe new service for cargo shipments that originated internationally and delivered throughout the US will be available from July 10.PayCargo said its systems can automate data flows, ...
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NewsNeutral Air Partner launches Perishable Logistics Network
Christos Spyrou, chief executive of Neutral Air PartnerFreight networking group Neutral Air Partner (NAP) has teamed up with UK-based Peter Shepherd Consultancy to launch Perishable Logistics Network (PLN).Perishable-focused PLN aims to assist small- and medium-sized enterprises (SMEs) in the perishable and cold chain logistics sectors, to compete both in service ...
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DP DHL reports "significantly increased earnings" in Q2 2020
Deutsche Post DHL Group experienced "significantly increased earnings" in the second quarter of 2020, despite global disruption caused by the global Covid-19 pandemic.The logistics giant saw its operating profit (ebit) increase by 16%, from €769m in 2019 to €890m this year."This number includes the already expected negative impact of around ...
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NewsShanghai airfreight rate declines show signs of slowing
Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week.The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg.From Shanghai to Europe prices slipped by 2.4% week ...
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Pilot expands in US and Mexico with acquisitions
Logistics and transportation provider Pilot Freight Services (Pilot) has expanded its presence in the US Midwest and along the US-Mexico border with the acquisition of five franchise stations.The integration took place on July 1 with no disruption to Pilot's service offerings.The acquired franchise stations offer solutions for the automotive, healthcare, ...
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NewsCLIVE: Airfreight industry is slowly getting back on its feet
Airfreight market analyst CLIVE Data Services has said the industry is "slowly getting back up on its feet" after reporting that volumes in June this year were 6% higher than in May."As personal protective equipment (PPE) volumes faded, global air cargo volumes in June provided the first real indicators of ...
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NewsIATA: Airfreight market improved in May, but a full recovery will take time
In its latest air cargo analysis, IATA has revealed that the airfreight market improved in May, but "a full recovery will take time".Industry-wide demand, measured in cargo tonne km (CTKs), experienced a double-digit decline for the third consecutive month — by 20.3% year-on-year, an improvement on the 25.6% decline in ...
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DHL Express set to carry out 'reduced CO2 emissions' flight from Leipzig/Halle to NYC
DHL Express is preparing to carry out a demonstration flight on July 1 from its hub at Leipzig/Halle Airport to JFK International Airport in New York City.The purpose of the flight — which will be carried out under "real operating conditions" with an Airbus A330-200F loaded with 60 tonnes of ...
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Lufthansa shareholders confirm bailout approval
Lufthansa shareholders have approved a €9bn ($10.1bn) financial rescue from Germany’s economic stabilisation fund (WSF) at an extraordinary general meeting today.The vote in favour of the financial package was expected after the airline’s biggest shareholder Heinz-Hermann Thiele indicated he would support the deal.Under the financial plan the WSF will make ...
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NewsDachser announces Robert Erni as new CFO
Robert Erni will become CFO at Dachser on January 1, 20201Dachser has announced that Robert Erni will become chief financial officer (CFO), succeeding Buckhard Eling, effective January 1, 2021.Erni, who will begin at Dachser as deputy director from September 1, previously held the role of CFO at Panalpina.Prior to Panalpina, ...
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NewsDeclining rates add to pressure on cargo-only PAX flights
Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights.The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are ...
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NewsGebrüder Weiss launches Australia and New Zealand sites
Transport and logistics firm Gebrüder Weiss is launching new locations for its Air & Sea division in Australia and New Zealand.The company's new Sydney, Melbourne and Auckland facilities are part of its "global strategy to develop new markets".Gebrüder Weiss said the new sites are an "essential addition" within the region ...
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NewsLufthansa Cargo to outsource Frankfurt general cargo handling to Fiege
Image: Lufthansa Cargo Center (LCC) at Frankfurt AirportLufthansa Cargo is set to withdraw from operational control of the general cargo handling business at the Lufthansa Cargo Center (LCC) at Frankfurt Airport as of 1 July, according to Air Cargo News sister title DVZ.Several people familiar with the matter told the ...