Business – Page 61
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NewsACI World report details airports' management of Covid-19
Photo: ShutterstockAirports Council International (ACI) World has published Airport Operational Practice Examples for Managing Covid-19 — a report that contains examples of operational practices introduced by airport members from around the world in response to the restrictions and upheaval created by the coronavirus outbreak.The report describes measures implemented at major ...
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NewsWorldACD: March, a month like no other in air cargo history
WorldACD has outlined that after the 2.7% drop in airfreight demand that it reported in January/February, March saw a decrease in chargeable weight of 17.7%, despite the first week of March being the best-performing this year so far.The Asia Pacific and the Americas regions fell least, with -12% and -17% ...
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NewsPALLITE launches pop-up desk from logistics packaging material
UK-based environmentally-friendly packaging company PALLITE has launched a lightweight, pop-up, honeycomb-board paper desk to aid home-workers and schoolers struggling for space at home.By following UK government-advised guidelines under the ‘Stay Home, Stay Safe’ campaign, many of the PALLITE team members realised that they did not have suitable space to work ...
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DP DHL scraps earnings guidance as it takes a €200m Covid-19 hit
Deutsche Post DHL (DP DHL) has scrapped its earnings guidance for the year as it reported a €200m hit caused by the coronavirus outbreak.The postal and logistics giant said that the global spread of the pandemic and the corresponding lack of transparency concerning the global economic development led the group ...
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NewsMASKargo and Ethiopian form cargo partnership for Kuala Lumpur operations
MASkargo has announced Ethiopian Airlines as its new business partner for its operations at Kuala Lumpur International Airport.The two companies will partner on a weekly service that will utilise Ethiopian Cargo’s Boeing 777 freighters on the route: Brussels—Dubai—Kuala Lumpur—Brussels.Speaking about the new partnership, Ibrahim Mohamed Salleh, MASkargo chief executive, said: ...
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NewsECS Group pays tribute to ground handlers' essential work during virus outbreak
Roissy Charles de Gaulle (CDG) cargo handler Global Services Handling (GSH) has been handling an increasing number of freighter flights following the coronavirus outbreak.Alluding to the coronavirus pandemic and its impact on the aviation sector, the handler's parent company ECS highlighted the "essential nature of handling teams, without whom airfreight ...
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TIACA pushes to facilitate airfreight as virus outbreak continues
At the latest Covid-19 Technical Group meeting, which took place on March 30, TIACA restated the "urgent need to provide immediate support to the air cargo sector".Speaking to experts from the World Health Organization, IATA, FIATA, Airports Council International (ACI), the Civil Air Navigation Services Organization, GE Aviation and the ...
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FedEx borrows $1.5bn to offset coronavirus impact
Fedex has strengthened its cash reserves with a $1.5bn credit line loan while executives have agreed to pay reductions.In a stock exchange announcement, the US express company said that the move would allow it to gain financial flexibility to combat the negative effects of the coronavirus outbreak.FedEx said high-margin business-to-business ...
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NewsImperial partners with MEX as they take aim at African market
Imperial has entered into a partnership with Turkish freight forwarder M Ekspres (MEX), which will see the creation of a new multimodal freight management business.The business will be based in Istanbul and will provide air and ocean import and export forwarding services. In addition, it plans to leverage the fast-growing ...
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NewsAvion Express re-enters airfreight market with cargo-only flights offering
Originally established as a cargo and passenger airline in 2005, ACMI operator Avion Express has announced that it is re-entering the airfreight market in response to increased demand for freighter aircraft operations as a result of the Covid-19 pandemic.Avion Express, which is a subsidiary of Avia Solutions Group, works with ...
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East Midlands Airport experiences cargo growth amid Covid-19 outbreak
The UK's East Midlands Airport (EMA) is continuing its operations to keep supply chains moving during the coronavirus pandemic.The airport has revealed that in the week following the UK government’s imposement of social distancing measures (March 16), the number of cargo aircraft movements at EMA increased by 10%. Then, during ...
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Kerry Logistics reports rise in revenues and profits in 2019
Kerry Logistics Network last year saw revenues and profits increase last year, with its logistics and forwarding businesses performing well.The company last year saw revenues increase by 8% year on year to HK$41.3bn, while core operating profit was up 17% to HK$2.8bn and core net profit improved 4% to HK$1.4bn.The ...
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Emirates SkyCargo keeps supply chains moving despite pandemic
Emirates SkyCargo is continuing to facilitate supply chains across the globe, which are under pressure due to the ongoing coronavirus pandemic.The carrier has implemented initiatives to transport essential cargo such as pharma products, medical supplies and perishables around the globe.From mid-January to mid-March this year, Emirates SkyCargo transported more than ...
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NewsDachser announces changes to senior management
Left to right: Alexander Tonn, Michael Schilling, Burkhard Eling, Bernhard Simon, Edoardo Podestà, Stefan HohmDachser has announced changes to its supervisory board, all of which will come into effect in January 2021.Chief executive Bernhard Simon and his deputy Michael Schilling, chief operating officer of road logistics, will join Dascher’s supervisory ...
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NewsUS forwarders welcome government support for businesses
Brandon Fried, AfAUS forwarders have welcomed the introduction on the Coronavirus Aid, Relief and Economic (CARES) Act but said the failure to specifically reference the sector is "worrisome".The CARES Act delivers $2.2trn in direct payments to Americans, provides loans and grants for businesses and gives states much-needed money for public ...
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John Menzies to cut workforce by 17,500
Aviation group John Menzies has announced it has cut 17,500 jobs across the globe in response to the coronavirus outbreak.The UK-headquartered company, which offers ground handling, cargo handling and aircraft refuelling, has seen over the last two weeks number of flights it has handled drop by around 60%.It added that ...
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NewsUK handlers warn of imminent collapse of operations
Craig Smyth, CEO of WFSThe UK's four main handling companies have warned that their operations at the UK's airports could grind to a halt in weeks as the sector faces collapse.Swissport, dnata, Worldwide Flight Services and Menzies have written to the UK government to ask for financial support as they ...
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TIACA and ICAO partner to become 'voice of air cargo' amid coronavirus outbreak
As the coronavirus pandemic continues, TIACA has teamed up with the ICAO Covid-19 Technical Group to become the "voice of air cargo" and "put forward concrete solutions and provide information to all stakeholders".Created by ICAO in partnership with TIACA, the Covid-19 Technical Group is comprised of experts from the WHO, ...
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IATA welcomes Brussels guidance on air cargo during coronavirus
IATA has welcomed the European Commission’s (EC) Guidelines on Facilitating Air Cargo Operations During the Covid-19 Outbreak.IATA said that the EC has understood the industry’s challenges and provided comprehensive and practical guidance to ensure that permissions to operate are quickly granted and that air crew are able to operate efficiently ...
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CEVA Logistics declares Force Majeure
CEVA Logistics has declared Force Majeure as a result of the coronavirus outbreak, removing it from certain contractual obligations.The announcement applies to all CEVA Services, including (but not limited to) its airfreight, ocean freight, ground freight, rail, customs brokerage and contract logistics services.The logistics firm, owned by Marseilles-headquartered shipping line ...