All articles by Damian Brett – Page 30
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NewsWorldACD: January and February figures show air cargo is in recovery mode
The strong demand growth levels recorded over the first two months of the year are evidence of an improvement in air cargo demand after a weak 2023.Data analyst WorldACD said that it is hard to gain a true understanding of demand trends by looking at January and February individually due ...
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NewsTeleport signs up with CargoWise
Source: TeleportSoutheast Asia air logistics provider Teleport has signed up to place its capacity on freight forwarder platform CargoWise.The move will allow forwarders that have implemented the WiseTech Global-owned platform to manage supply chain operations to plan, book, confirm and manage shipments on the carrier in real time."The direct data ...
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NewsPrioritising SAF production
IATA believes that transitioning to SAF is key to achieving net zero carbon emissions from aviation by 2050, but to reach that goal production will need to ramp up significantly.Aviation was busy promoting its environmental credentials ahead of the United Nations Climate Change Conference – COP 28 – held in ...
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NewsRegulating battery transport
As lithium batteries become increasingly prevalent, the risks involved in shipping them must be managed. So what rules are being developed to keep everyone safe?IATA global head of cargo Brendan Sullivan believes that the risks associated with transporting lithium batteries are on the rise.He points out that increasing volumes of ...
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NewsConnecting the supply chain
IATA has big plans to improve data sharing across the supply chain, utilising the latest technology to help the air cargo industry up its digital game. There is no doubt that the past few years have seen the air cargo industry improve its ability to share data and information across ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsQatar Cargo waves goodbye to its last Boeing 747 freighter
Source: Qatar Airways CargoQatar Airways Cargo has exited Boeing 747 freighter operations after the model conducted its final flight for the Doha-headquartered airline last week.The aircraft (A7-BGB) completed its final flight from Barcelona to Doha on March 1.The carrier said that it had decided to exit the operation of the ...
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Cargolux takes a stand on disposable e-cigarettes
Cargolux will no longer transport disposable electronic cigarettes in response to concerns over their impact on health and the environment.The all-cargo airline said that the ban would also apply to its Cargolux Italia and comes in response to "growing concern about the adverse effects of these products on both public ...
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Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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Insights
Air cargo momentum grows in India’s State of Tamil Nadu
India’s southern state of Tamil Nadu is rapidly expanding air cargo infrastructure and throughput handling.The state hosts India’s second-largest air cargo capacity with a total share of 28.3%, according to national government statistics.The state also has the highest number of container freight stations (CFSs) and Warehouse Development and Regulatory Authority ...
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Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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Handler dnata weighs up dedicated sea-air facility as demand surge continues
Dubai-headquartered handler dnata is considering taking up a dedicated sea-air facility as demand continues to surge.Traditional sea-air hubs have this year experienced a surge in demand as forwarders looked for alternatives to ocean transport due to delays caused by attacks on vessels in the Red Sea and the subsequent diversion ...
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Latin American air cargo liberalisation agreement made permanent
A multilateral agreement to liberalise air cargo services in Latin America has been made permanent in a move that could boost airfreight in the region.The seventh freedom traffic rights agreement was established on a temporary basis in 2021 but in December was made permanent.The agreement allows airlines from one Latin ...
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NewsHactl opens new cool chain facility for cargo at HKIA
Source: HactlHong Kong handler Hactl has opened a new cool chain facility as it continues to target the pharma market.Hactl said the new Cool Chain Complex (CCC) is the largest cool facility at Hong Kong International Airport (HKIA).It allows import shipments to be unloaded from aircraft, broken down, and either ...
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NewsTIACA to launch carbon offsetting programme
Source: Love Silhouette/shutterstockTIACA is launching a carbon-offsetting programme to help smaller companies invest in reducing their impact on the climate.The Climate Action Platform will go live in the coming days and will provide companies with an initial portfolio of six carbon-offsetting projects.TIACA worked with carbon consultancy South Pole to select ...
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WorldACD figures show extent of sea-air growth
The latest weekly figures from data analyst WorldACD show an upswing in volumes at sea-air hubs as a result of the Red Sea shipping crisis.WorldACD figures show that over the first seven weeks of the year, Dubai, Colombo and Bangkok all saw their respective tonnages to Europe increase by more ...
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NewsTIACA survey reveals growing pressure on sustainability in air cargo
TIACA's latest sustainability survey has revealed a growing focus on sustainability in air cargo but also a gap between the smaller and larger organisations in terms of investment.The survey of more than 280 air cargo professionals - produced in partnership with consultancy Change Horizon - showed that 67% of respondents ...