All articles by Damian Brett – Page 135
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News
DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
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News
DSV to break into top three with takeover of Agility GIL
DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.The purchase is expected to increase DSV's annual revenue by around 23%, which will rank the combined company as one ...
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NewsCainiao targets Hainan free trade zone with freighter flights
Alibaba logistics arm Cainiao Smart Logistics Network has launched seven freighter flights to Hainan to meet demand following the island's designation as a free trade zone.The charter flights will operate between Singapore and Sanya and Haikou airports on the island. This comprises five weekly Haikou-Singapore direct flights and twice weekly ...
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NewsAsk the expert: The Future of Air Cargo
Air Cargo News — in partnership with Air Cargo Europe — will host the Future of Air Cargo webinar and we would like to give our readers the chance to submit question to our panel of experts.The webinar will explore how air cargo will emerge from the Covid crisis and ...
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NewsK+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
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News
Japan Post's sale of Toll Global Express 'painful'
Japan Post Holdings is expected to sell Toll Global Express at a loss as it looks to offload the troubled business.Earlier this week, Toll Group announced that it had entered into an agreement for the sale of its Global Express business to Australian private equity fund manager Allegro Funds.The Global ...
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NewsHong Kong loses cargo hub top spot to Memphis
The world's largest cargo hubs saw demand increase last year despite the Covid outbreak, while US express hub Memphis surpassed Hong Kong to become the world's largest cargo hub (full charts below).Preliminary statistics from Airports Council International (ACI) show the the top ten air cargo hubs in 2020 saw volumes ...
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News
Indian carrier IndiGo plans to add freighters
Low-cost carrier IndiGo has revealed plans to bolster its cargo business through the addition of converted freighters.The airline said it is in the process of sourcing four A321ceo aircraft, each of which will be converted from passenger jets to a full freighter configuration.A Letter of Intent has been signed with ...
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NewsConsol Alliance expands UK-Australia services on rising demand
Consol Alliance, Alana RaittAustralian airfreight consolidator Consol Alliance has increased its services from the UK to four Australian Airports in response to rising e-commerce demand.The consolidator now offers services to Melbourne, Sydney, Perth and Brisbane a total of 20 times weekly, using a transhipment routing.The company said that a steady ...
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NewsCEVA secures air cargo capacity with own-controlled network
Image: CEVACEVA Logistics has launched its own-controlled airfreight network as it looks to counter market volatility.The forwarder said that it has purchased recurring capacity on key routes to create a "global network of available capacity" as part of its SKYCAPACITY programme.The network covers destinations to and from North and South ...
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NewsAnother firm signs up to AF KLM's sustainable fuel service
Martijn van de Waarsenburg - Corporate Manager Supply Chain at Koppert Biological Systems, GertJan Roelands – SVP Sales & Distribution AFKLMP Cargo and René Koppert – Director Koppert Biological SystemsKoppert Biological Systems is the latest company to sign up for Air France KLM Martinair Cargo's (AFKLMP Cargo) sustainable aviation fuel ...
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News
Virgin Atlantic continues to expand short-haul cargo network
Virgin Atlantic, which traditionally operates long-haul flights, is continuing to expand its all-cargo short haul network in response to demand.The carrier yesterday announced that from April 25 it would begin flying a twice-weekly service between Frankfurt and its London Heathrow hub.The carrier said the flights would utilise 55 tonne capacity ...
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News
B&H Worldwide expands in Singapore
Aerospace logistics firm B&H Worldwide has doubled the size of its operation in Singapore to meet rising demand.The new 28,000 sq ft facility is located adjacent to its existing operation within the ALPS Free Trade Zone at Changi Airport.B&H said the new unit will enable it to continue serving customers ...
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NewsParcel firm DPD targets e-commerce with Asia-Europe cargo flights
The Lenton Group, a subsidiary of France-based parcels giant DPD, has signed a deal with Hainan Airways on twice-weekly PAX-cargo flights from China to Europe.The one year-agreement is already underway with the round-trip flights utilising 72-ton capacity Boeing 787 Dreamliner aircraft between Haikou in China and Paris.DPD said the flights ...
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News
Airfreight rates predicted to remain 'strong' in the long term
Airfreight rates are expected to remain at an elevated level in the long term while freighters are expected to gain market share, according to a new whitepaper from Transport Intelligence (Ti).The whitepaper predicts that there is a high likelyhood of structural change in the airfreight market as a result of ...
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NewsCargo theft remains high in 2020 despite lockdowns
TAPA EMEA - 2020 cargo theft dataThe Europe, Middle East and Africa (EMEA) region saw cargo crime continue at a high rate last year despite Covid lockdowns limiting the movement of people.Figures from the Transported Asset Protection Association’s (TAPA) Cargo Theft Annual Report shows that 6,463 cargo thefts were reported ...
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News
Turkish Cargo partners with WebCargo as booking portal demand ramps up
Turkish Cargo will join an online booking portal for the first time after partnering with WebCargo, which has reported a rapid rise in the amount of capacity listed on the portal over the last year.The two partners said that Turkish Cargo will soon provide forwarders with the ability to conduct ...
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News
Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...
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NewsWorldACD: March a mixed month for air cargo
March was a month of two halves for air cargo in terms of year-on-year performance as 2020's lockdowns began to skew comparisons, according to data provider WorldACD.The latest figures from WorldACD show that demand in March was 21% up on last year. However, in the first half of the month ...
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News
Cathay Pacific hopeful on cargo following latest quarantine development
Cathay Pacific Cargo has welcomed the latest change to Hong Kong's crew quarantine rules.Earlier this week, the government announced that fully vaccinated Hong Kong-based aircrew for freighters and cargo-only passenger flights would no longer be required to quarantine after returning from an international journey, excluding crew that layover in the ...