All articles by Damian Brett – Page 140
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News
Shippers urged to get creative to combat space shortages
Shippers have been urged to get creative as capacity shortages and high rates in air cargo and other modes are expected to continue.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that over the next few months capacity could ...
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Lufthansa Cargo expects a good 2021 and rates to ease in H2
The newly appointed chief executive of Lufthansa Cargo, Dorothea von Boxberg, is expecting another good year in 2021 but adds that rates are likely to cool in the second half.Lufthansa Cargo yesterday announced a record adjusted operating profit of €772m, more than double the previous record of €342m in 2010.The ...
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Monthly airfreight rates stable in February on key trades
Average monthly airfreight rates on key trade lanes were largely static in February compared with a month earlier but remain well above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in February reached $6.42 per kg, ...
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NewsLufthansa Cargo announces record profits and another B777F
Dorothea von Boxberg Credit: Lufthansa CargoLufthansa's air cargo business reported record operating profits last year and has also announced plans to add another Boeing 777 freighter to its fleet.The Lufthansa Logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and its equity investment in AeroLogic, saw earnings before interest and tax ...
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Cargo wholesalers team up on Europe-Australia service
Europe-based Wholesale by Vels and Australian firm Consol Alliance have entered into a strategic partnership to develop air cargo business on the Europe-Australia route.Initially, the new alliance will operate weekly, trade-only unitised airfreight consolidations from Amsterdam Schiphol to major Australian airports.The service frequency is expected to increase over the coming ...
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Latest B777 conversion programme moves forward
Sequoia Aircraft Conversions will partner with advisory firm Split Rock Aviation on a second B777-300ER freighter conversion programme.The two partners said that Sequoia’s Wichita based B777-300ER freighter conversion programme will focus on weight reductions and design efficiency to meet the most stringent environmental and regulatory requirements. The engineering package will ...
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East Midlands Airport consortium gains UK Freeport status
An East Midlands consortium, including the airport, was one of eight companies selected for Freeport status in England.The East Midlands bid for Freeport status was submitted by a consortium led by the two local enterprise partnerships, including East Midlands Airport.The proposition is based around the East Midlands Airport Gateway Industrial ...
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NewsAir New Zealand expands network as exporters turn to air cargo
Alex LarsenThe last few months have seen Air New Zealand open new cargo connections as it looks to meet demand from the country's exporters.Alex Larsen, head of global sales at the Auckland-headquartered airline, told Air Cargo News that the carrier recently expanded its network with twice-weekly services to Guangzhou, operating ...
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NewsAir cargo boosts K+N in 2020
Kuehne+Nagel's (K+N) airfreight business registered improvements in profits and revenues last year, while the overall business reported declines.K+N said that 2020 was characterised by a weak first and a strong second semester.The forwarder's airfreight business saw revenues for the year increase by 11.6% year on year to SFr5.2bn, gross profits ...
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NewsIATA: Air cargo demand beats 2019 levels in January
Air cargo volumes returned to pre-Covid levels in January with demand even increasing compared with 2019 levels for the month.The latest statistics from IATA show that air cargo volumes in cargo tonne km terms were in January up by 1.1% compared with 2019 levels and 6.1% year on year.Meanwhile, capacity ...
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News
Network Airline Services renews with WFS in Belgium and the Netherlands
Sales agent Network Airline Services has renewed its ground handling agreement with Worldwide Flight Services in Belgium and The Netherlands, with other stations potentially being confirmed later this year.The two companies started working together in 2015 and both Marc Claesen – WFS senior vice president commercial EMEAA and Patricia Heilbrink ...
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NewsMacquarie AirFinance orders conversions to meet express demand
AEI B737-800SFAircraft lessor Macquarie AirFinance will convert four of its B737-800SF aircraft through Aeronautical Engineers, Inc as it looks to capitalise on growing e-commerce demand.The company said that it made sense to extend the life of its B737-800 aircraft through conversion.John Willingham, chief executive of Macquarie AirFinance, said: “We are ...
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News
Conversion market takes off but prices remain static
The freighter fleet has grown "strongly" since May last year with more than 200 all-cargo aircraft additions, according to consultant IBA.Figures from IBA's Insight.iQ platform show that the active fleet of narrowbody freighters has grown by 61 to 625, the midsize widebody fleet is up by 80 to 624 and ...
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News
Interview: Virgin Atlantic Cargo - A changing landscape
Virgin Atlantic Cargo adapted quickly to freight-only flying last year. Managing director Dominic Kennedy tells Damian Brett about the challenges it faced and the opportunites that lie ahead.People often say they enjoy working in the air cargo industry because no two days are the same. However, when Virgin Atlantic Cargo ...
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NewsLATAM set to expand freighter capacity with B767 conversions
LATAM Airlines will expand its freighter capacity by as much as 80% through the addition of up to eight B767-300ER conversions.The Santiago-headquartered airline group said the conversion plan will be implemented over two phases; the first phase will see four aircraft converted between 2021 and 2022 and the second phase ...
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Cainiao and Saudia Cargo team up on Asia-Europe flights
Alibaba's logistics arm, Cainiao Smart Logistics Network, and Saudia Cargo are teaming up on five weekly flights from Hong Kong to Liege in Belgium, with Riyadh city as a connection point.The partnership, which starts today, aims to form a sky bridge linking Asia, Europe and Middle East to cater to ...
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News
Kale launches new truck slot management system for handlers
Cargo software firm Kale Logistics Solutions has launched a new truck slot management system through its Airport Cargo Community System (ACS).Kale said its new artificial intelligence based tool allows ground handlers, freight forwarders, and trucking companies to better coordinate their landside freight management so that they can reduce waiting times ...
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NewsLeisure airline Condor to operate PAX-freighter flights for DHL
German holiday travel airline Condor will fly four of its Boeing 767s on behalf of DHL Express utilising belly capacity. The first cargo flights under the partnership took off this week.The Condor planes will be based at DHL Express’ largest European hub in Leipzig and will transport shipments along three ...
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NewsSwissport's Mena adds Latam role
Swissport has appointed Frank Mena as head of the Americas as it combines leadership for its North and Latin America regions.Mena is currently head of the North America region but will now also assume responsibility for Latin America and serve as head of the Americas with immediate effect.He takes over ...
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Work underway on new dnata Heathrow facility
Aberdeen Standard Investments’ Aiput fund has started construction of Phase II of dnata City East, a 117,000 sq ft extension of its Heathrow cargo facility.Full planning permission for the warehouse was granted in August 2020. The building will be operated by dnata, which also operates the nearby 250,000 sq ft ...