All articles by Damian Brett – Page 180
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News
Airfreight rates continue to rise as capacity crunch goes global
Airfreight rates continued their rapid ascent last week, breaching the $5 per kg mark on the transpacific trade lane for the first time in years.The latest figures from Tac Index show that last week airfreight rates between Shanghai and North America increased by 18% compared with a week ago to ...
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An-124 disk inspection ordered after uncontained failure
Ukrainian authorities have ordered Antonov An-124 operators to inspect engines on the type after an uncontained powerplant failure.An-124s are fitted with Ivchenko-Progress D-18T engines, as is the sole example of the An-225.The Ukrainian state aviation administration says an investigation into the “serious incident”, which occurred to an An-124, traced the ...
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NewsTurkish Cargo adds new freighter flight to Linz
Turkish Cargo has continued to expand its freighter operations with a new service to Linz in Austria.The Istanbul-hubbed airline said Linz was its 90th direct cargo destination. The service will operate twice per week (Thursdays and Sundays) making use of Airbus 330 and B777F airplanes.The service will be operated on ...
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United to operate 40 cargo-only PAX flights per week
United Airlines has joined a host of other carriers offering its passenger aircraft up for cargo charter flights.The airline said that it is flying a portion of our Boeing 777 and 787 fleet as dedicated cargo charter aircraft to transfer freight to and from US hubs, as well as key ...
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Chapman Freeborn and Magma team up on the transatlantic
Charter broker Chapman Freeborn has teamed up with sister company Magma Aviation to offer a series of transatlantic freighter flights.Magma Aviation will operate its B747Fs on nine weekly rotations from Europe to the US. The move comes following US president Donald Trump’s travel ban on 26 European countries, which resulted ...
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Forwarder group FIATA backs IATA's cargo push
Freight forwarder association FIATA has backed IATA's efforts to ensure that airfreight is not affected by measures put in place to stop the spread of coronavirus.Earlier this week, IATA urged governments to take the following actions:Exclude air cargo operations from any COVID-19-related travel restrictions, to ensure life-saving medical products can ...
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NewsGeodis the latest forwarder to launch charter services
Geodis B747 air charterGeodis has become the latest forwarder to launch charter services as it looks to secure air cargo capacity for its customers.The SNCF-owned company said that ocean freight continues to be disrupted and air cargo options severely restricted by established passenger carriers cancelling scheduled flights i light of ...
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TIACA wants air cargo exempt from Covid-19 travel bans
The International Air Cargo Association (TIACA) has called on governments to exempt air cargo from any bans because of the vital role it will play in the fight to stop the spread of the coronavirus.TIACA said that the air cargo industry has a decisive role to play in the fight ...
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NewsUPS achieves CEIV pharma in Singapore
UPS SingaporeThe UPS freight forwarding operation at Changi Airport has received IATA CEIV Pharma certification for pharmaceutical logistics — a first for UPS in Asia Pacific.IATA’s CEIV Pharma certification is an industry certification developed by IATA, regulators and aviation industry stakeholders.The certification requires companies to meet or exceed many existing ...
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News
Lufthansa mulls cargo-only PAX flights while it cuts capacity
While announcing its 2019 financial results, Lufthansa said that it was considering using its idled passenger aircraft for freight-only flights while it also revealed drastic capacity cuts in response to the coronavirus.The German airline group said it would reduce capacity by 95%, parking up 700 aircraft, as part of measures ...
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News
IAG offers PAX aircraft for cargo charter
IAG is offering its passenger aircraft to freight forwarders for cargo operations in response to the coronavirus.In a short note to customers, IAG Cargo chief commercial officer John Cheetham said: "To support your freight and to help get it where it needs to be, we are now opening up the ...
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News
New online rate platform from Cargoguide
Cargoguide has officially unveiled its new online rate management platform as part of efforts to simplify rate management.The new platform is a search engine for the freight forwarding sector and enables companies to meet the "key challenges they face in their day-to-day sales operations by increasing transparency and efficiency".It enables ...
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NewsDAMCO moves into new Heathrow facility
DAMCO's Heathrow facilityFreight forwarder DAMCO has moved into a new 36,000 sq ft warehouse at London’s Heathrow Airport as part of ongoing investment in its airfreight offering.The company has moved its airfreight operations into offices at the North Feltham Trading Estate, within three miles of Heathrow’s cargo terminal, to support ...
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News
FedEx cancels outlook, prepares for capacity crunch
FedEx has cancelled its outlook for 2020 and has warned that airfreight capacity on the transatlantic will come under pressure.When announcing its third-quarter results, the express giant said that the unpredictable nature of the market — as a result of the coronavirus outbreak — meant it would not provide an ...
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News
Schiphol open for freighters following slot rule change
Capacity constrained Amsterdam Schiphol Airport will be able to handle extra freighters following changes to slot rules in response to the coronavirus.Schiphol's slot procedure has changed after Airport Coordination Netherlands (ACNL) temporarily lifted the Local Rule 2 (LR2) due to the global COVID-19 outbreak.Under LR2, the number of slots available ...
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AEI to convert B737 for Nauru Airlines
Aeronautical Engineers, Inc (AEI) will provide Nauru Airlines with a 10-pallet position B737-300SF freighter conversion.The flag carrier airline of the Republic of Nauru will use the AEI B737-300SF freighter to transport fresh food, mail, medicines and other freight from various points in the Pacific. The freighter will also be used ...
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News
DSV Panalpina withdraws 2020 outlook
DSV Panalpina has withdrawn its outlook for 2020 as market conditions remain hard to predict.The Copenhagen-based freight forwarder said that financial results for January were on budget but in February were around DKr150m lower than expected."As a result of the current global outbreak of coronavirus, supply chains and the global ...
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Etihad Cargo to expand freighter flights to key origins
Etihad Cargo is boosting freighter flights to Hong Kong, Hanoi and Singapore and several European destinations for the summer season as it looks to cater for capacity constrained markets.Etihad's cargo division said that running from March 29 to October 28, it will double frequencies to Hong Kong to four flights ...
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China airfreight rates continue to surge
Airfreight rates out of China have rapidly increased over the last week, but thoughts are now turning to the impact of lower consumer demand in Europe and the US.The latest TAC Index figures show that average airfreight rates on services from Shanghai to the US last week increased by 29.7% ...
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News
Neutral Air Partner adds 24/7 support desk
Air cargo network Neutral Air Partner has added a 24/7 support desk to help members trying to meet coronavirus challenges.NAP and its time-critical sub group, NAX 24-7, said the support centre will provide assistance and solutions, helping its members connect with the right partners and service providers."Following the increasing and ...