All articles by Damian Brett – Page 10
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NewsTGP appoints UK GM as it looks to capitalise on energy sector growth
Ben Taylor. Image source: Trans Global ProjectsTrans Global Projects (TGP) has appointed Ben Taylor as the general manager of its UK business as it looks to benefit from growth in the energy sector.Taylor will take responsibility for the day-to-day running of the UK business and its future development. He has ...
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NewsFIATA endorses IATA Cargo Handling Manual
Freight forwarder association FIATA has given its backing to IATA’s Cargo Handling Manual in a move they hope will create efficiencies in airport operations through the use of a consistent set of global standards. The two groups said that the endorsement of the manual comes after one year of process ...
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NewsSATS and Sinotrans partner on the creation of new air hubs
Ground handler SATS and freight forwarder Sinotrans will work together to add a series of new airfreight hubs.The two companies said the partnership will see them create gateway hubs for Sinotrans' airfreight arm, Sinoair, in Singapore, Malaysia, Indonesia, Saudi Arabia and Belgium.Sinoair currently has regular charters operating between China, Liege ...
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Seko responds to market pressure with recapitalisation
US forwarding and logistics firm Seko Logistics has recapitalised to strengthen its financial position and allow for future investments.The company said it had successfully entered into a definitive agreement on a transaction with its key financial partners, although it has not outlined the exact details of the refinancing.The agreement is ...
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NewsCathay Cargo renews with Menzies in Australia and New Zealand
Source: Menzies AviationCathay Cargo has renewed its cargo handling partnership with Menzies Aviation covering Australia and New Zealand.Under the renewed five-year contract, Menzies will provide cargo and freighter ramp services for the carrier in the two countries, which amounts to around 85,000 tonnes of cargo per year.The deal includes operations ...
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NewsSurging air cargo rates out of Japan and Bangladesh boost buoyant market
Airfreight rates from Bangladesh and Japan have surged in recent weeks helping to raise prices in an "already buoyant" air cargo market, according to data provider WorldACD.The latest figures from WorldACD show that overall airfreight rates were up 14% year on year in the week ending September 15, led by ...
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NewsFormula 1 and DHL give the green light to SAF
Source: DHL Global ForwardingRacing car series Formula 1 has this year been teaming up with DHL Global Forwarding (GF) to utilise Sustainable Aviation Fuel (SAF) to transport equipment to races around the world.The SAF partnership was announced today but actually began in March when DHL GF's GoGreen Plus service was ...
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NewsFedEx lowers outlook as profits slide
FedEx saw revenues and profits decline in its fiscal first quarter as the company faced challenging market conditions, customers opted for less expensive delivery services and operating costs were on the rise. The express giant saw revenues for the quarter ended August 31 decrease 0.5% year on year to $21.6bn, ...
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Air France KLM renews with WFS in North America
Air France KLM Martinair Cargo has renewed its contract with Worldwide Flight Services (WFS) at airports in the US. The renewal covers contracts at Chicago, Dallas-Fort Worth, Las Vegas, Los Angeles, Miami, New York JFK and Washington Dulles airports. The multi-year contract extensions will take WFS’ cargo partnership with Air ...
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NewsCathay Cargo looks to minimise disruption with Anchorage terminal deal
Tom Owen, Cathay Cargo and Sean Dolan, NorthLink Aviation. Source: Cathay Cargo Cathay Cargo has announced a long-term agreement with terminal operator NorthLink Aviation to use its air cargo facility and aircraft stands at Ted Stevens Anchorage International Airport. The deal commences in October 2025 and will ...
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NewsEtihad Cargo and SF Airlines to deepen partnership
Source: Etihad CargoEtihad Cargo and SF Airlines have announced plans to further expand their partnership through a joint venture that will offer a "unified logistics solution".The new partnership will see the two carriers offer increased aircraft capacity, improved transit times, interconnected networks and the expanded distribution of SF Express’s international ...
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Alaska Air Group completes acquisition of Hawaiian Airlines
Alaska Air Group has acquired Hawaiian Airlines, completing a transaction that expands its operation to include transpacific flights and that bolsters Alaska Air’s fleet with its first widebody jets.The Seattle-based company, parent to Alaska Airlines, said on 18 September it had closed the deal, paying $1.9bn in all-stock acquisition to ...
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Schiphol Airport prepares for launch of new Secure Import process
The Schiphol Airport cargo community will this month start testing the new Secure Import system that aims to reduce crime rates and improve processing.Secure Import combines a new framework agreement for the import of cargo with a new IT platform - developed by Cargonaut and SmartLOXS - to process information ...
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CVC offers to increase bid for DB Schenker
The private equity consortium led by CVC has reportedly launched a last-ditch effort to beat DSV in the race to buy DB Schenker despite the Danish forwarder having signed a €14.3bn take over deal last week.News agencies Reuters and Bloomberg are both reporting that CVC has written to Schenker parent ...
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NewsExporters welcome approval of Melbourne's third runway
Source: Graham Drew Photography/ShutterstockAustralia's federal government has approved plans to develop a third runway at Melbourne Airport, a move that shippers say will help boost exports.The 3,000 m runway will be built parallel and 1.3 km to the west of the existing north-south runway, along with new taxiways and other ...
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NewsUS box port workers 'ready to strike' as contract deadline looms
Source: Strikernia/shutterstockUS East and Gulf Coast container port workers say they are ready to launch industrial action on October 1 unless a new contract can be agreed with terminal bosses before then.The International Longshoremen’s Association (ILA) yesterday issued a statement to say that members are "united as never before in ...
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Qatar Cargo adds a range of product upgrades
Qatar Airways Cargo has launched a set of solutions that can be added to existing cargo products.The new AirPlus Solutions provide customers with three additional options: Q-Climate, Q-Plus and Q-Prime.The Q-Climate option provides temperature-control for its general cargo and vulnerable cargo product categories. This option includes ramp protection against external ...
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E-commerce demand not going away despite US clampdowns
The online shopping-fuelled surge in air cargo demand looks set to continue despite US government attempts to tighten import regulations for e-commerce. Niall van de Wouw, chief airfreight officer at analyst Xeneta, said proposed regulations that will expand the types of goods excluded from paying duties under the de minimis ...
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S&P revises DSV's A- rating outlook to negative following Schenker deal
Credit ratings agency S&P has re-affirmed the forwarder's current credit rating of A- but revised its outlook to negative due to the risks associated with its planned €14.3bn take over of German logistics giant DB Schenker.S&P said that its decision to revise the firm's outlook from stable to negative reflects ...
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NewsUS customs clamps down on vague cargo descriptions
US Customs and Border Protection (CBP) is clamping down on the use of vague descriptions of shipments submitted through the Air Cargo Advance Screening (ACAS). CBP said that from October 7, carriers and other parties electing to file ACAS data to CBP are required to provide a precise description of ...