All articles by Damian Brett – Page 202
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News
LATAM Cargo revenues slide as economic uncertainty takes its toll
LATAM Cargo saw its revenues decline the second quarter of the year, partly as a result of weaker demand in South America.The Santiago-headquartered airline reported a 10.2% year-on-year decline in second quarter cargo revenues to $269.3m.Cargo volumes, meanwhile, declined by 4.6% compared with a year ago to 220,000 tonnes, but ...
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Swissport targets further acquisitions after refinancing
Ground handler Swissport said it will target further acquisitions following the refinancing of debt by the group.Swissport Group today announced that successfully closed and settled its debt refinancing.The refinancing includes €410m of senior secured notes, €250m of senior notes and a €850m term loan B facility.Swissport will use the net ...
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News
Hong Kong cargo operations largely unaffected by recent disruption
The protests at Hong Kong International Airport are not expected to cause major delays to cargo shipments.Protests at the airport disrupted bellyhold cargo operations between Monday and Wednesday, with services only starting to return to normal yesterday as the airport added extra security measures.However, Hong Kong Association of Freight Forwarding ...
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Further Hong Kong disruption could hit territory's reputation as a transport hub
The Hong Kong Association of Freight Forwarding and Logistics (HAFFA) has warned that the recent disruption to operations at Hong Kong International Airport (HKIA) could have a far reaching impact on the territory.Protests at the airport have disrupted bellyhold cargo operations over the last three days and services are only ...
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US delays China tariff increases for certain products
The ongoing tariff trade war between China and the US took an unexpected twist last night when the US announced a delay to increases on some products.The US Trade Representative (USTR) office last night announced that it it would not implement a 10% tariff on products include mobile phones, laptops, ...
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Hong Kong flights resume as airport adds new security measures
Passenger flights from Hong Kong International Airport (HKIA) have re-started today as the Asian hub has put extra security measures in place to limit protesters' access to terminals.The airport grounded hundreds of flights on Monday and Tuesday as protesters swarmed into terminal areas.Flights have re-started today, but there are still ...
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Hong Kong flights suspended for second day
Hong Kong International Airport (HKIA) has again suspended all passenger flights due to ongoing protests just hours after re-starting operations.The world's busiest freight hub began allowing flights to take-off earlier today after a suspension was put in place yesterday due to hundreds of protesters occupying the main arrivals hall.However, just ...
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Hong Kong Airport flights re-start after cancellations this morning
UPDATE: FLIGHTS ONCE AGAIN SUSPENDED CLICK TO READ MOREPassenger flights at Hong Kong International Airport (HKIA) have re-started today after there were more cancellations this morning (August 13).Flights at the world's busiest freight hub were first cancelled yesterday as a result of protesters occupying the main arrivals hall.Freighter flights were ...
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NewsQantas to add A321 freighters after signing A$1bn e-commerce deal
Alan Joyce and Christine HolgateAustralia Post and Qantas Freight have announced an expanded domestic and international airfreight agreement to support the growing demand for e-commerce parcels.Qantas said the seven-year agreement is valued at over A$1bn will give Australia Post customers access to Qantas Freight’s dedicated freighter aircraft and priority access ...
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News
Menzies Aviation expands into Canada with GTO Global Logistics deal
Menzies Aviation has acquired Canada-based GTO Global Logistics as the wholesale airfreight provider gains its first foothold in Canada.GTO provides airfreight, ocean less-than-container-load, domestic/cross Border road services, storage and customs brokerage at airports and ports in Canada.As part of the deal, Menzies will acquire a customs bonded warehouse of 10,000 ...
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NewsFedEx exits ground shipping contract with Amazon
FedEx Sameday Bot making a deliveryFedEx has moved to distance itself further from Amazon, announcing that it will no longer deliver packages for the e-commerce giant in the US.Analysts suggest the move comes as FedEx increasingly sees Amazon as a competitor. It was only in June that the company ended ...
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Cathay Pacific Cargo under pressure in H1
Cathay Pacific saw cargo revenues, volumes and yields decline in the first half of the year as the US-China trade war took its toll on performance.The Hong Kong-headquartered carrier reported an 11.4% year-on-year decline in cargo revenues to HK$11.5bn, volumes were down 5.7% on a year ago to 979,000 tonnes ...
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NewsAir cargo down again in June as signs of a recovery were premature
Air cargo traffic has now declined year-on-year for eight months in a row and signs of a recovery in recent months have turned out to be premature.The latest figures from airline association IATA show that demand in terms of freight tonne kms (FTK) declined by 4.8% year on year in ...
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NewsDHL sees airfreight volumes slide in Q2
DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit was on the rise.The world’s largest airfreight forwarder reported a 2.4% year-on-year decline in second-quarter airfreight revenues to €1.2bn, while volumes dropped by 5.8% on last year to 502,000 tonnes ...
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News
Today's Heathrow strike called off
Strike action planned by workers at Heathrow Airport for August 6 has now been called off.IAG Cargo said that following the news it will operate "as per normal on Tuesday"."Our contingency plans have minimised any impact these may have had and we apologise for any inconvenience caused," the company said.The ...
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Cargolux and unions reach agreement
All-cargo carrier Cargolux and unions LCGB and OGBL have come to an agreement over two new collective work agreements (CWAs).The two agreements will result in "substantial improvements" for the more than 1,300 employees covered by the airline’s collective work agreement, the groups said.The improvements include a salary increase of 6% ...
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Hong Kong strikes hit cargo operations
Hundreds of flights from Hong Kong, the world's busiest cargo airport, have been cancelled as protesters continue coordinated strikes that are bringing chaos to the city.Pilots, flight crews and air traffic controllers are all reported to have joined city wide demonstrations.Cathay Pacific Cargo said it does not foresee any freighter ...
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Heathrow strike suspended
A walkout by 2,500 Heathrow airport workers due to take place today has been cancelled, but tomorrow's industrial action is still set to go ahead.On Friday, members of Unite rejected the latest pay offer from the airport but later delayed plans for a strike today as talks continued.IAG Cargo said ...
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UPS up in Q2 thanks to rising demand for next-day air services
Express firm UPS saw revenues and profits increase during the second quarter of the year on the back of increasing demand for next-day air services.The company reported a 3.4% year-on-year increase in revenues to $18bn during the period, while net income increased by 13.5% on a year earlier to $1.5bn.UPS ...
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Heathrow truckers benefit from reduced waiting times
Trucking firms have noticed a reduction in dwell times at Heathrow airport’s congested cargo sheds following the launch of a community data system.Air cargo data community CCS-UK launched its Advance Information System (AIS) more than 18 months ago and various logistics players are now using the system, which provides shipment ...