Business – Page 72
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NewsKorean Air extends partnership with LUG cargo handling
Korean Air Cargo will continue working with LUG aircargo handling at Frankfurt International Airport for another three years to 2022.LUG aircargo handling has been partnered with Korean Air Cargo to handle freight for passenger and all-cargo aircraft, as well as road feeder services, for 22 years. The airline is LUG’s ...
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Cargolux: Looking to the long term
Cargolux is going through an interesting period in its 49-year history: on one hand the all-cargo carrier enjoyed record profits last year, but on the other, 2019 is shaping up to be a tough year for the whole industry.The airline also has some long-term decisions to make as Boeing continues ...
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New funds available to help UK companies prepare for post-Brexit customs declarations
Ahead of the UK leaving the European Union, the country's government yesterday revealed a new fund for businesses to train staff in making customs declarations, and to help businesses who support others to trade goods to invest in IT.Logisitics IT firm Albacore, which is offering assistance in the grant application ...
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New charter broker training course launched for the cargo market
The Albion Broker Institute (ABI) has launched a masterclass in cargo brokerage training programme.The training will consist of eight modules that will explore various areas of the cargo brokerage market.These include: an introduction to cargo aircraft brokerage, an introduction to the different types of cargo charter aircraft, an overview of ...
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NewsTheft from aircraft tops EMEA cargo crime stats for Q2
The theft of cash from the hold of an aircraft was the largest single cargo crime by value recorded in the Europe, Middle East & Africa (EMEA) region during the second quarter of the year.The latest statistics from the Transported Asset Protection Association (TAPA) show that thefts of products from ...
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Cargolux digitises booking process with new online tool
Cargolux airlines has launched a new online tool that enhances both the booking process and customer service for its clients.The innovative tool – which is part of Cargolux's plan to digitise quote-generation, booking and other areas of the business to meet clients' evolving needs – offers customers a "fast, seamless ...
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Schiphol reveals cargo volume decline in mid-year figures
Amsterdam Airport Schiphol (AAS) has revealed a 9.2% decrease in first-half cargo volumes compared with the same period in 2018 as freighter flights decline.Full-freighter cargo volumes at the slot constrained airport were down 16.4% and there was a decrease in full-freighter air transport movements (ATMs) by 14.4%.Meanwhile, belly cargo volumes ...
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FedEx strengthens Latin America operations with Cargex acquisition
FexEx has announced that it will acquire Colombian freight forwarder Cargex.Cargex, a specialist in the transportation of perishable goods, has been established for more than 25 years. Headquartered in Bogotá, Colombia, the company operates in Bogotá, Medellin, Cartagena, Buenaventura and Santa Marta.The deal, which expected to close later this year, ...
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NewsDSV Panalpina carries out first shipment through its combined network
DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created the second-largest airfreight forwarder in the world.Last Thursday, DSV Panalpina's successful shipment of thurst reverser engine parts from Huntsville, US, to Luxembourg, marked the first time that the newly-formed company ...
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NewsCargoLogic Germany obtains operating license
The German Federal Ministry of Transport has, subject to conditions, issued a European operating license to cargo carrier CargoLogic Germany (CLG), German logistics news site DVZ has reported.The German Federal Aviation Authority (LBA) now needs to confirm the license before the airline can start operations.CLG will initially run two Boeing ...
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NewsTIACA selects Hourcade to join transformation team
The International Air Cargo Association (TIACA) has appointed Celine Hourcade as a project manager. From September, in her new role, Hourcade will support the Association's transformation programme.The first two priorities for Hourcade are to lead the development of TIACA’s sustainability programme and sustainability award, as well as the delivery of ...
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Lufthansa reaches air cargo anti-trust settlement with Deutsche Bahn
German logistics and European rail group Deutsche Bahn has reached an undisclosed settlement with Lufthansa concerning an alleged airline cargo cartel that operated from late 1999 to early 2006.The settlement ends the companies' dispute before the Regional Court of Cologne that has been ongoing since 2013."After intense negotiations with Lufthansa, ...
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German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...
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NewsHow to prepare air cargo supply chains for Brexit
Peter MacSwiney, ASM ChairmanIn the second of our ‘How To’ series, Peter MacSwiney, chairman, Agency Sector Management, examines how companies can prepare their supply chains for BrexitAs the new October Brexit deadline moves closer, the prospect of disruption to the global supply chain and logistics industry is quickly becoming a ...
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Amazon to invest in Canadian freighter operator Cargojet
E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada's Cargojet.The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights.Under the new strategic agreement, Cargojet will issue warrants to Amazon to purchase variable voting ...
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Panalpina announces changes to board of directors
Panalpina has made changes to its board of directors following its merger with DSV.The company said that it had decided to downsize its executive board by eliminating the positions of chief commercial officer, chief legal officer, chief information officer, executive vice president, airfreight and executive vice president, ocean freight.Lucas Kuehner, ...
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DHL signs multi-year airfreight deal with Komatsu
DHL Express and DHL Global Forwarding have signed a new multi-year agreement with leading construction and mining business Komatsu.DHL – the largest freight and logistics company in the world – will import more than 1m kgs of Komatsu machinery and spare parts to Australia and New Zealand each year.The company ...
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Air New Zealand and Cathay Pacific extend partnership up to 2024
Air New Zealand and Cathay Pacific have had their joint venture partnership re-authorised for another five years (up to 31 October 2024) by New Zealand officials.Lavinia Lau, director of commercial, at Cathay Pacific, said New Zealand is an important part of its network and a popular destination for customers.Meanwhile, Nick ...
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NewsSIA Cargo sees a dip in volumes
Singapore Airlines Cargo (SIA Cargo) experienced a decline in cargo volumes last month (July). The freight carrier shipped 103,200 tonnes of cargo during the month, down by 5.1% compared with the same time last year.Cargo traffic as measured in tonne-km flown fell by 5.7% year on year to 547.7m.Meanwhile, capacity ...
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DSV-Panalpina merger creates world's second largest airfreight forwarder
DSV has announced that its acquisition of Panalpina will finally be completed today in a deal worth $5.5bn.The combined company will be recognised as DSV Panalpina and the merger will result in the creation of the second-largest airfreight provider in the world - DHL currently leads the pack.Panalpina is a ...