All articles by Damian Brett – Page 117
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News
ATSG invests in more B767 conversions as Q3 profits increase
Freighter lessor and operator ATSG has ordered the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF) as profits continued to rise in the third quarter.During the third quarter, the company reported a revenue increase of 15.3% year on year to $465.9m, adjusted ebitda increased 21.9% against last year ...
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News
CargoLogicAir returns to profit and targets China service
UK-based freighter operator CargoLogicAir returned to profit last year and hopes to add a service to China in the future.During 2020, the company reported profits of $45.4m, compared with a loss of $39.7m in 2019, as prices for all-cargo flights increased due to the Covid-19 pandemic.Revenues for last year stood ...
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NewsProfits continue to surge at DHL Global Forwarding
DHL Global Forwarding and Freight saw third-quarter earnings before interest and tax (ebit) more than double on last year while airfreight demand continued to surge.The Deutsche Post-owned forwarder saw third-quarter revenues increase by 53.3% year on year to €5.7bn and ebit was up 140% to €372m.Meanwhile, airfreight volumes in the ...
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NewsRates surge in October despite 'lower than expected' load factors
Source: CLIVE Data ServicesAir cargo rates surged in October due to shipper fears of a lack of peak season inventory, according to CLIVE Data Services.Figures from CLIVE Data Services show that average rates in October were up by 155% compared with 2019, 37% compared with last year and 10% compared ...
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News
Supply chain issues continue to drive air cargo demand
Air cargo demand continued to increase in September as ongoing supply chain issues pushed companies to utilise airfreight.The latest figures from airline association IATA show that demand in cargo tonne km terms (CTK) increased by 9.1% in September compared with the same month in 2019.Capacity in available CTK for September ...
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News
Atlas Air quarterly revenues breach $1bn mark
Atlas Air Worldwide has seen its revenues breach the $1bn mark for the first time in the company's history.During the third quarter, the lessor saw its revenues increase by 25.5% year on year to just over $1bn, while adjusted ebitda climbed 42.9% on last year to $280.5m and net income ...
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NewsLufthansa's cargo business continues at record levels
Lufthansa's logistics division saw revenues and operating profits continue at record levels in the third quarter of the year as industry-wide air cargo capacity continues to be squeezed.The division, which includes Lufthansa Cargo as well as Jettainer, time:matters and an investment in AeroLogic, saw revenues surge 48% year on year ...
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NewsQatar Cargo steps up on fire safety
Source: Qatar CargoQatar Airways Cargo will replace its entire fleet of ULDs with Safran Cabin’s new Fire Resistant Containers (FRC) as it aims to take a lead in countering the risk posed by lithium battery shipments.The airline expects it to take a total of five years to replace its fleet ...
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NewsCapacity optimisation firm Wiremind looks to grow in air cargo
Nathanael De Tarade. Source: WiremindCapacity optimisation software firm Wiremind is looking to expand in air cargo to meet the current challenge of a lack of space on aircraft.The company pointed out that as a result of the pandemic and the loss of bellyhold capacity it has become "more crucial" to ...
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NewsRhenus looks to expand in the US with GNL acquisition
Source: Rhenus LogisticsRhenus Logistics Americas has continued to expand its presence in the US through the acquisition of Texas-based forwarder Global Net Logistics.Rhenus said the move would strengthen the company’s global air and ocean network in the southwest region of the USA and complement the existing Houston branch.Global Net Logistics ...
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NewsAir Canada's cargo revenues exceed C$1bn mark for the year
Air Canada Cargo reported record figures in the third quarter of the year as the airline continues its push into the air cargo market.The carrier reported cargo revenues for the third-quarter period of C$366m, an increase of 69.4% compared with a year earlier.Over the first nine months of the year, ...
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News
Maersk targets air cargo with Senator acquisition and freighter order
Shipping giant AP Moller Maersk is expanding into the air cargo market with the acquisition of freight forwarder Senator International and the addition of five freighters.The company, which owns the world's largest container shipping line Maersk Line, said it "intends" to acquire Senator International to "accelerate its product offering which ...
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NewsAlliance Ground International expands again
Warren Jones. Source: AGICargo handler Alliance Ground International (AGI) has continued its expansion in the cargo market with a new building at New York JFK.AGI has moved into JFK’s Cargo Building 22, adding 11,960 sq ft of office space and 82,153 sq ft of warehouse space to its existing facilities ...
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News
SmartLynx to add more A321 freighters
SmartLynx will continue the expansion of its cargo business with the addition of two A321 freighters to its fleet early next year.The company is aiming to operate a fleet of eight A321 freighters by the end of next year, which will make it the largest operator of the variant in ...
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News
Turkish Cargo expands in Asia Pacific with Macau flights
Turkish Cargo has added Macau to its network as it looks to expand in the Asia Pacific region.From November 1, the airline will utilise one of its Airbus A330 freighters to the city on a rotation of: Istanbul, Almaty, Macau, Almaty, Istanbul.Turkish Cargo said that Macau is "an important center ...
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News
Hactl returns to full operations after Covid quarantine slowdown
Ramp operations at Hong Kong cargo handler Hactl are back up to full speed after covid quarantines resulted in a reduction in resource.The handler said that it is has returned to "full manning and normal operations" after a single Covid-19 case was reported on October 7 in the ramp handling ...
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InsightsEastern Airlines: Converting to air cargo
Eastern Airlines chief executive Steve Harfst is blazing a trail by mounting a new freighter operation with a fresh approach to conversions, as Ian Putzger finds outOver its history, which reaches back to the 1920s, Eastern Airlines became an iconic brand that still resonates long after its collapse. It pioneered ...
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Insights
Supply chain spotlight: COP26 - Aviation moves on decarbonisation
Propelling the global transition to zero emission transport is set to be a key focus at the UN Climate Change Conference (COP26), which is being held this month (November 2021) in Glasgow.While the aviation industry is already making huge strides to decarbonise its operations – through measures such as increased ...
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Insights
Putzger perspective: Air cargo price increases a drop in the ocean
If the global logistics industry were to stage a popularity contest, there are some safe bets as to who would be at the bottom of the rankings this year.Without a doubt, it would take a huge effort to outperform the container shipping lines in the race to the bottom.Container lines ...
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Sponsored ContentSponsored: SBD International Airport Offers a Winning Strategy for Air Cargo
Building upon the legacy and location left by Norton Air Force Base following its official closure in 1994, SBD International Airport (SBD) is an aviation growth story several decades in the making.By forging long-term alliances, leveraging resources, and investing in the infrastructure needed to attract businesses to the region, the ...