Business – Page 69
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News
DHL set to build new cargo-handling facility at Riga Airport
DHL Latvia is planning to build a new shipment processing and logistics centre at Riga Airport.On November 6, DHL Latvia and real estate development company Castor Construction signed contracts with the airport and agreed to build the new facility within a year.According to the agreement, the new DHL shipment processing ...
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NewsLufthansa Cargo reports another loss as market conditions take their toll
Lufthansa's logistics division reported its second loss in a row during the third quarter of the year as market conditions continued to take their toll.The logistics division, which includes Lufthansa Cargo, time:matters, Jettainer and its share of AeroLogic, saw third-quarter revenues decline by 9.2% year on year to €598m, while ...
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NewsIATA: Volume decline continues, but expected to level off
International freight tonne km growthMarket demand remains weak, IATA reports in its September 2019 figures.Industry-wide, volumes declined by 4.5% in September year on year. This recent slide, which follows a 3.9% decrease in volumes in August, marks the eleventh consecutive month of decline in airfreight volumes. Africa is the only ...
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ATSG on the up as it continues to benefit from Omni acquisition
Freighter lessor Air Transport Services Group (ATSG) reported higher third-quarter results thanks to the integration of charter carrier Omni Air International, which it acquired late last year.Revenue in the quarter rose to $366m, up 79% from the year-ago period while net profit more than tripled to $105m from $33m in ...
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NewsEmirates sees cargo volumes slide in 1H
Emirates SkyCargo and dnata both saw their cargo volumes decrease in the first half of the year as a result of difficult market conditions and a runway refurbishment.On announcing half-year figures, the Emirates Group said that cargo volumes handled by its airline division decreased by 8% year on year to ...
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News
Lufthansa prepares for two days of cabin crew strikes
The Independent Flight Attendants Organization (UFO) has announced that its Lufthansa members are participating in full-day strikes this week (November 7-8) .Although passenger flights will be affected, thereby disrupting bellyhold operations, Lufthansa Cargo freighters will fly as planned, subsidiary time:matters said in a statement.On Thursday, 7 November, 2,300 of the ...
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News
CHAMP reveals details of project to monitor animal health during transport
Animal transportation is not the first thing you associate with air cargo software firm CHAMP Cargo Systems.However, in September of this year, the company joined the Animal Transport Association.At the Air Cargo Americas event, Fred Werginz, head of commercial operations – Americas, explained that the membership is part of an ...
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News
Lufthansa Cargo re-launches MIA freighter service
For the first time in more than 25 years, Lufthansa Cargo will be flying a freighter service to Miami International Airport (MIA).The freighter service will fly weekly from Frankfurt to Miami, utilising B777 aircraft.MIA said Germany is a "highly-valued European trade partner"; last year, imports and exports between the two ...
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News
PayCargo: Air cargo firms must modernise to be relevant to the next generation
Air cargo companies must modernise if they want to appeal to the next generation of business leaders and avoid becoming obsolete, according to one PayCargo executive.Speaking to Air Cargo News at the Air Cargo Americas event, the payment system’s president and chief executive, Americas, Lionel van der Walt, used the ...
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News
EgyptAir Cargo streamlines air mail with digital Descartes solution
Descartes Systems Group, which provides software for logistics-led businesses, has announced that EgyptAir Cargo is using its Descartes Velocity Mail (vMail) solution to streamline its air mail distribution.vMail is a cloud-based system that simplifies operational processes and improves efficiency for air carriers, ground handlers and postal authorities.vMail enables mail handlers ...
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NewsNippon Cargo Airlines to host cargo capacity on cargo.one platform
In a move towards digitisation, Nippon Cargo Airlines (NCA) will become the first Asian airline to partner with cargo.one to enable freight forwarders to book NCA’s maindeck capacities, around the clock, and receive instant confirmation.Also, for the first time, cargo.one will be utilising the newly-developed 'one.connect', further simplifying its integration ...
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News
DHL Hong Kong Air Trade Leading Index publishes Q4 results
The fourth quarter DHL Hong Kong Air Trade Leading Index (DTI) recorded a drop of 7.7 points from last quarter, down to 26 points.Sales volumes dropped by 9 points in the fourth quarter, from 32 points last quarter to 23 points this quarter.Meanwhile, product variety index fell from 40 points ...
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News
Volga-Dnepr confirms capacity-increasing An-124 upgrade
Volga-Dnepr has confirmed the upgrade of one of its An-124 aircraft to increase capacity.The upgrade has increased the aircraft's capacity by 20 tonnes, allowing a maximum total cargo payload of up to 150 tonnes. The upgrade now enables a single piece of cargo, weighing up to 120 tonnes, to be ...
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News
CargoLogicAir to halve fleet due to challenging market conditions
CargoLogicAir has announced it will reduce its freighter fleet by half early next year as it continues to battle “challenging market conditions”.The Stansted-hubbed airline said that in early 2020 it would reduce its B747 fleet to two aircraft from its current line-up of four – three B747-400Fs and one B747-8F.The ...
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News
WOW Air prepares to make a cargo comeback
Icelandic airline WOW, which offered budget passenger flights before folding in March this year, is making preparations to start operating as a cargo airline.The new WOW airline was initially going to provide passenger flights from October this year, but later announced a two-month delay.According to RÚV and Icelandic Review, WOW ...
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NewsDSV Panalpina transaction ‘all-important’
Denmark-headquartered multimodal forwarder DSV Panalpina Group has highlighted the role of DSV’s acquisition of Panalpina in its third-quarter results.Jens Bjørn Andersen, group chief executive, said: “The closing of the Panalpina transaction on 19 August was the all-important event in Q3. We have had a good start to the integration and ...
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News
IAG Cargo announces Q3 decline
IAG Cargo saw its third-quarter revenues slide by 9% compared to the July–September period of last year, to €269mn ($300mn).Tonnage dropped by 5.7%, yield by 4.2%, FTKs by 4.9% – and capacity was cut by 0.1% year on year.Lynne Embleton, IAG Cargo chief executive, said: “Revenue for the quarter reflected ...
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News
Atlas Air Worldwide releases third-quarter figures
Atlas Air Worldwide has revealed its third-quarter results for this year.From January to September, the airline reported an income of $60m – less than its $71.1m income from the first nine months of 2018.In the third quarter of this year, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) ...
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NewsKerry Logistics wins contract to execute Smiffys' international growth
Kerry Logistics has been chosen by UK-based fancy dress company Smiffys to help it carry out its international expansion plans.Kerry Logistics will provide global freight forwarding services and supply chain solutions from Smiffys' central distrubition centre in Ningbo, China, to the UK, Germany, Australia and the USA.Kerry Logistics will use ...
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NewsAir Cargo Americas: Airports to play increasingly important role in supply chains
Opening session at the 2019 Air Cargo AmericasAirports will play an increasingly important role in air cargo supply chains as lead times become increasingly shorter.Speaking at the Air Cargo Americas event in Miami, Sao Paulo's GRU Airport chief executive Gustavo Figueiredo said that the role of airports in the air ...