Business – Page 71
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News
US to impose tariffs on EU goods over aircraft subsidies row
The US is poised to impose import tariffs on European Union (EU) goods worth $7.5bn in response to an ongoing row over subsidies given to Airbus and Boeing.Washington was yesterday given the go-ahead by the World Trade Organization (WTO) to impose the tariffs, which it will put in place on ...
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FIATA issues guide to help forwarders combat corruption
Freight forwarder organisation FIATA has published a guide to help freight forwarders combat corruption.The group pointed out that The Corruption Perceptions Index 2018 of Transparency International reported more than two-thirds of 180 countries and territories scored below 50 on a scale of between 0, highly corrupt, and 100, very clean, ...
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NewsHandler WFS appoints Nils Andersen as chairman
Nils Andersen. Source: WFSGround handler Worldwide Flight Services (WFS) has announced the appointment of Nils Andersen as chairman of its board of directors.Andersen joins WFS to work with the management team to build upon the progress made since being acquired by an affiliate of Cerberus Capital Management last year.Andersen has ...
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ECS Group expands Australasia presence with Wexco acquisition
Australia and New Zealand-based Wexco (not to be confused with Wexco Cargo GSSA) has been acquired by the ECS Group as it looks to expand its presence in the region."Through this acquisition, ECS Group is developing its presence all around the world and has reaffirmed its leadership position," ECS said."The ...
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NewsTIACA's sustainability program adds four strategic partners
Four new strategic partners, including Brussels Airport, Flexport, Oman Aviation Services, and Turkish Airlines, have signed up to back The International Air Cargo Association (TIACA)’s new Sustainability Program.They join CHAMP Cargo Systems, sponsors of TIACA’s inaugural Sustainability Award, which is a key part of the project.The program, headed by Celine ...
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NewsEtihad Cargo adjusts freighter network and appoints new US area manager
Etihad Cargo will adjust one of its US freighter services and has added new leadership in the country.From September 29, the airline will add an outbound stop at Frankfurt Airport to its existing weekly B777F service between Abu Dhabi International Airport and Ohio’s Rickenbacker International Airport (LCK). On the return ...
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NewsLarsen steps down as DSV chairman
Kurt K. Larsen has today resigned as chairman and board member of fast-growing Danish logistics giant DSV, having been a pivotal figure in the development of the acquisitive forwarder which recently completed its merger with Panalpina.Thomas Plenborg, the newly-elected chairman of the DSV board, said: "Throughout 30 years, Kurt K. ...
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Jet fuel price spikes not as bad as feared
Spikes in the price of jet fuel following attacks on Saudi Arabian facilities earlier this month were not as bad as feared as crude oil was trading only fractionally higher by the end of last week.According to the weekly IATA-Platts Jet Fuel Price Index, the cost per gallon of aircraft ...
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British Airways pilots call off next week's strike action
The British Airline Pilots Association (BALPA) yesterday called off a strike - over pay and conditions - scheduled for September 27.BALPA said strikes that took place on September 9 and 10 had "demonstrated the anger and resolve of pilots"."It was now time for a period of reflection before the dispute ...
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Qatar sees cargo revenues rise as the overall group reports a loss
Qatar Airways saw cargo revenues increase by 16.8% to QR10.1bn in fiscal 2019 on the back of fleet expansion, but the overall airline reported a loss.The airline said during the fiscal year it transported 1.4m tonnes of cargo an increase of 6.8% year-on-year as it grew to become the second ...
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FedEx to cut freighter capacity on weak outlook
Express giant FedEx will cut its freighter capacity in response to weaker macroeconomic conditions.Speaking after the company announced its fiscal first-quarter results, FedEx chairman Fred Smith said the airline would retire 20 MD-10-10 aircraft over the current and next fiscal year to eliminate that fleet type from its operation.Meanwhile, it ...
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Saudi oil attacks set to hit air cargo prices
It is "inevitable" that spikes in the price of oil as a result of attacks on Saudi Arabian facilities at the weekend will drive up the price of air cargo.The attacks, which took place on Saturday, took out around 5% of global oil supply.Brent Crude prices - a benchmark for ...
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Cathay Pacific Group reports tough August amid Hong Kong strikes
Cathay Pacific Group, comprised of Cathay Pacific and Cathay Dragon airlines, has released its figures for August 2019, which show a decrease in the amount of transported cargo compared with the same time period in 2018.This summer, ongoing protests in Hong Kong negatively impacted Cathay Pacific and Cathay Dragon's operations ...
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BA pilot strike continues to impact operations
A portion of IAG Cargo's operations continue to be disrupted in the aftermath of the British Airways pilot strike, which took place on September 9 and 10.Following the strike action, nearly 150 British Airways aircraft, 700 pilots and 4,000 crew members are still out of place, the BBC has reported.A ...
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WFS to handle more than 160,000 tons of cargo per year with Saudia Cargo deal
Saudia Cargo has awarded a multi-station contract to Worldwide Flight Services (WFS) in Europe and the US to handle more than 160,000 tonnes of cargo per annum and provide ramp handling for air cargo shipments on more than 5,000 passenger and freighter flights a year.The three-year agreement is set to ...
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NewsKerry Logistics transports sealions from UK to China
Kerry Logistics has successfully transported two sealions from the UK to the Hainan Ocean Paradise theme park, Sanya, Hainan Island, China.After mandatory veterinary checks and quarantine controls, Merlin the sealion was moved from Brightlingsea in Essex, UK, and and Reggie was moved from Flamingo Land in North Yorkshire, UK, to ...
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British Airways' cargo operations grounded as strike goes ahead
There is major disruption to British Airways' bellyhold cargo operations as the airline's pilots carry out strike action today and tomorrow.The strike is the result of an ongoing dispute about pay between British Airways and the pilots' union BALPA.The industrial action is the largest ever carried out by British airways ...
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NewsCargolux transports its heaviest single piece of cargo to China
Cargolux has successfully transported a shaft measuring 10 m in length from Luxembourg to Zhengzhou, China.The shaft, which has a gross weight of 43 metric tonnes, is the largest item that Cargolux has transported to its Zhengzhou hub. It is also the heaviest single piece of cargo that the company ...
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Cargo volumes down at Swissport in first half
Swissport recorded a 5.4% year-on-year decline in cargo volumes in the fist half of the year due the sale of businesses and a weaker cargo market.The ground handler, which has 115 cargo warehouses, handled 2.23m tonnes of airfreight in the first half of 2019 compared with 2.35m tons last year.The ...
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NewsChina Airlines finalises agreement for six Boeing 777Fs
Taiwan's China Airlines is set to modernise its cargo fleet after having finalised an agreement with Boeing to order six 777 freighters.The airline said the deal, which is valued at $2.1bn according to list prices, currently operates one of the world's largest 747 freighter fleets and plans to transition to ...