All articles by Damian Brett – Page 129
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News
Airfreight market set to get worse before it gets better for buyers
Buyers of airfreight capacity should expect the market to get worse before it gets better, according to Bruce Chan, vice president of global logistics at investment bank Stifel.Writing in the Baltic Exchange monthly market summary, Chan said that belly capacity is not expected to return until 2023 at the earliest.And ...
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News
Menzies continues CEIV Pharma push with Melbourne achievement
Handler Menzies Aviation has received CEIV Pharma accreditation for its Melbourne base.The company said the accreditation is its second in Australia after last month the Sydney facility became the first handling agent in the Oceania region to achieve CEIV Pharma.Melbourne is Menzies’ second largest cargo operation in the Oceania & ...
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NewsInvestigation into B737-200 freighter crash underway
Courtesy of Flightradar24.comThe investigation into Friday's Transair freighter crash off the coast of Hawaii is underway as more details of the incident emerge.The US National Transportation Safety Board said the first team of investigators arrived at the site on Friday, with more joining on Saturday.The investigators are in the process ...
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NewsRhenus Canada appoints Matthews to top job
Chris Matthews, Rhenus Canada. Source: Rhenus GroupThe Rhenus Group has appointed Chris Matthews as chief executive of Rhenus Canada.Matthews has more than 25 years of management experience in the logistics industry. He was previously the chief operating officer for Rhenus Canada.In his new role, he will oversee the Canadian air ...
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NewsHellmann set for Innight Express acquisition
Tobias Maue, Tamás Aradi, Zoltán Csombok, Wilfried Hesselmann and Zsuzsanna Fazekasne Bencze. Source: HellmannHellmann Worldwide Logistics will acquire overnight express provider Innight Express as it aims for expansion in central and eastern Europe.The express firm is based in Hungary and Romania and the two shareholders, Tamás Aradi and Zoltán Csombok, ...
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News
FedEx reduces Liege hub job cuts
Fewer FedEx employees will be made redundant at its Liege hub as a result of demand increases and discussions with unions.The express giant had announced a series of job cuts in January as a result of the integration of the air network of TNT Express, which it purchased for €4.4bn ...
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NewsWebCargo expects air cargo's move to digital booking to continue beyond Covid
Online booking portal WebCargo is expecting the airfreight sector’s rapid push towards digitalistion to continue beyond the Covid-19 pandemic.Speaking to Air Cargo News, Manel Galindo, chief executive of WebCargo, said the supply chain disruption caused by the outbreak had helped speed up air cargo’s use of digital technology, such as ...
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Insights
Air cargo rates cool in June for summer slowdown
Air cargo rates settled down in June as the industry entered a seasonal slowdown in demand, but airlines and forwarders appear to be expecting a busy peak season. The latest figures from the Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in ...
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News
Bolloré Logistics launches SAF programme
Bolloré Logistics has launched a Sustainable Aviation Fuel (SAF) that it claims can help customers reduce carbon emissions by 80%.The AIRsaf programme is offered at cost price and can be used to one-off or regular shipments and also includes "environmentally responsible pre-carriage and post-carriage procedures", as well as "management of ...
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InsightsSwissport’s new CEO aims to join the dots
Warwick Brady (Source: Swissport)Running a global business presents a whole host of challenges but Swissport’s recently appointed chief executive and president Warwick Brady says that bringing its various regions even closer together is one of the company’s key priorities.Warwick Brady joined Swissport in April at a time of change for ...
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News
Kuehne+Nagel sells minority stake in Apex
Kuehne+Nagel has agreed to sell a 24.9% stake in recently acquired Apex International to private equity firm Partners Group.The forwarder said that following the deal, it will work alongside Partners Group to implement a "transformational value creation plan" for the China-based forwarder with key initiatives including establishing new freight forwarding ...
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Sponsored ContentSponsored: Online dangerous goods training, how does it work?
Dangerous Goods Online Training has rapidly built up a big list of clients for its ground-breaking online dangerous goods by air training as confidence in the concept grows.Dangerous Goods Online Training Limited (DGOT) was founded in late 2019 and is the first and only training provider with UK Civil Aviation ...
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NewsAero Capital Solutions adds more B737 conversions
Image source: Aero Capital SolutionsAero Capital Solutions (ACS) has signed up for a further seven B737-800 freighter conversions as looks to the long-term potential of the air cargo market.The conversions will be provided by Aeronautical Engineers Inc's STC and come in addition to the 14 aircraft that Aero Capital has ...
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News
Cathay Cargo to add more preighters ahead of peak season crunch
Cathay Pacific Cargo has revealed plans to remove the seats from two more of its aircraft as it predicts an industry-wide capacity shortfall for the peak season.The Hong Kong-headquartered carrier said that while its passenger network is slowly growing, it will offer around 30% of its normal capacity in the ...
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NewsJFK set for first new cargo facility in 20 years
Aeroterm JFK facility. Source: Port Authority of New York and New JerseyNew York's JFK International Airport will get its first new cargo terminal in 20 years as part of modernisation programme.The Port Authority of New York and New Jersey has signed a long-term ground lease agreement with Aeroterm for the ...
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NewsInvestigation reveals various reasons for B747 freighter accident
Source: Transportation Safety Board of Canada (TSB)A Canadian investigation into the 2018 runway overshoot made by a Sky Lease Cargo Boeing 747-400 freighter has revealed a range of reasons for the accident, which destroyed the aircraft.The Transportation Safety Board of Canada (TSB) found that unclear guidance, an unexpected tailwind and ...
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News
ANA adds new China-Japan freighter service
All Nippon Airways (ANA) will deploy one of its freighters on a service between Beijing Capital International Airport and Tokyo Narita in part due to demand for computer parts.The Tokyo-headquartered airline said that it would utilise a Boeing 767 freighter on the twice-weekly round-trip service that will begin on July ...
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NewsATSG accelerates plan to add A321 converted freighters
Lessor Air Transport Services Group (ATSG) is set to add its first Airbus freighters in after announcing a deal to purchase two A321-200 in response to customer demand.ATSG's Cargo Aircraft Management (CAM) leasing subsidiary has committed to the aircraft with one arriving this year and a second in the first ...
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NewsWorldACD: Air cargo demand on the up but with regional variances
Air cargo demand continues to track in line with 2019 levels but regional performance is mixed, according to WorldACD.The data provider's latest numbers show that air cargo demand in chargeable weight was in May around 1% below 2019 levels — used for comparison given Covid's impact in 2020 — and ...
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NewsMedexi to open pharma centre at Brussels Airport
Pharma logistics firm Medexi will open a new service centre at Brussels Airport's Brucargo logistics area.The new building was recently completed and will become the home base of Medexi. The centre offers 4,000 sq m of warehousing and office space, 2,400 sq m of which is temperature-controlled.In the new warehouses, ...