All articles by Damian Brett – Page 34
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News
Airbus Beluga Transport gains approval for US flights
Airbus Beluga Transport (AIBT) has been granted permission to conduct flights between Europe and the US.The carrier gained its AOC in November last year and has already conducted flights in the European Union (EU) using its fleet of BelugaST freighters.It applied for a Foreign Air Carrier permit from the US ...
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UPS to cut 12,000 jobs as market downturn bites
UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of continuing market weakness.The express giant's chief executive Carol Tomé said the job cuts would save the company $1bn per year. UPS is also considering selling its Coyote truck brokerage business.Most ...
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NewsQatar Airways appoints new head of cargo
Mark Drusch. Source: Qatar CargoQatar Airways Cargo has appointed Mark Drusch as its chief officer cargo to replace Guillaume Halleux who left the role in September last year.The carrier said that Drusch, described as a "well-known figure in the aviation world" would take up the role at the world's largest ...
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IATA: Air cargo improves in December but declines for the full year
Air cargo demand surged in December last year but it was not enough to push overall figures for the year into positive territory.IATA figures show that air cargo tonne kms (CTK) for December were up 10.8% year, but CTKs for the whole year were down 1.9% on 2022 levels and ...
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Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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NewsTurkish Cargo adds three pharma service levels
Source: Turkish CargoTurkish Cargo has expanded its pharma offering with three new standards to meet varying demands from customers.The three pharma products are named TK Pharma Standard, TK Pharma Extra and TK Pharma Advanced and include various levels of service.TK Pharma Standard shipments are moved in compliance with industry standards ...
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News
Flexport set for another round of job cuts
Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year.Tech publication The Information last week reported that the forwarder will cut 20% of its staff, equating to around 500 people.The company last year cut 20% of its staff in mid-January as it was ...
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NewsChapman Freeborn adds to Americas team
Chapman Freeborn has appointed Leo Teplitskiy as director of key cargo accounts for the Americas.In his new role, Teplitskiy will oversee all account operations of Chapman Freeborn’s air cargo team to further expand the company’s client and supplier base across the region.This will include the development of new business and ...
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US carriers see cargo revenues slide in 2023
The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure.United Airlines - the largest of the three in terms of cargo volumes - registered a 31.1% year-on-year decline in cargo revenues in 2023 to $1.5bn.At American Airlines there was a 34.1% ...
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News
Two-month delay to ANA's Nippon Cargo takeover
All Nippon Airways (ANA) has again delayed its takeover of freighter carrier Nippon Cargo Airlines (NCA) as regulators continue to examine the deal.ANA had been hoping to complete the transfer of shares on February 1 but this has now been pushed back until April 1.The Tokyo-headquartered carrier explained that the ...
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NewsATI president O'Grady retires
O'Grady (L) and Betson (R). Source: ATSG via Business WireAir Transport Services Group (ATSG) airline subsidiary Air Transport International (ATI) has appointed a new president following the retirement of James O'Grady from the role.O'Grady has served as president of ATI since January 2016 and prior to that had been chief ...
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NewsMightyFly unveils new cargo drone
Source: MightyFlyAutonomous drone firm MightyFly has unveiled a new cargo aircraft and gained approval for a US air corridor.The new Cento eVTOL can carry around 45 kg more than 950 km. MightyFly said the aircraft’s cargo bay is significantly larger than its second-generation predecessor."This enlarged cargo bay will allow the ...
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News
Atlas Air Worldwide appoints new chief information officer
Atlas Air Worldwide Holdings has appointed Joel Goldberg as senior vice president and chief information officer.Goldberg will report to the firm's chief executive Michael Steen and will also serve as a member of the company’s executive leadership team.He has nearly three decades of experience "leading digital transformation initiatives at global ...
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NewsGCL continues recruitment drive with CGO appointment
Brent Nagy. Source: CGLGlobal Critical Logistics (GCL) has appointed Brent Nagy as its chief growth officer as the company continues its expansion drive.In his new role at the time-critical and entertainment logistics specialist, Nagy will help drive growth, strategic partnerships, and cross-selling initiatives to offer superior customer solutions across GCL’s ...
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NewsJanuary air cargo volumes "significantly up" on last year
Worldwide air cargo demand in January remains "significantly up" on a year ago with improvements across nearly all the main regions, according to the latest figures from data provider WorldACD.Figures from the company show that in the two weeks running to January 21, air cargo demand levels are up 5% ...
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News
Cathay Cargo volumes continue recovery in 2023 but still lag 2019 levels
Cathay Pacific saw its cargo volumes continue to recover last year following Covid-related lockdowns in 2022, but demand still lags behind 2019 levels.The Hong Kong-hubbed carrier group handled 1.4m tonnes of cargo last year, which is a 19.6% improvement on 2022 when Covid-related lockdowns resulted in freighter and passenger flights ...
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Cargo-partner aims to head off Europe-Mexico disruption with new consol service
Logistics firm cargo-partner has expanded its air consolidation service by adding a new route between Germany and Mexico as it looks to combat disruption on the route.The service will operate between Frankfurt and Felipe Ángeles International Airport and was launched as shippers face a "tense market situation" on services between ...
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NewsMenzies grows in Hong Kong with Jardine investment
Source: Menzies AviationMenzies Aviation has invested in a 50% stake in Jardine Aviation Services Group (JASG) as it looks to expand operations in the Asia Pacific region.The stake was purchased from Asia-focussed conglomerate Jardine Matheson and is a joint venture with China National Aviation Corporation (CNAC), which will remain co-owner ...
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NewsHainan selects SATS for cargo handling in Saudi Arabia
Source: SATSHainan Airlines has awarded a contract to SATS for cargo handling services in Saudi Arabia.The carrier operates three Airbus passenger flights a week to Riyadh and Jeddah and the new contract will see SATS providing warehouse handling services for over 2,400 tonnes of import, export, and transit airfreight annually, ...
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Sea-air to come to the fore as Red Sea crisis drags on
Kerry Logistics has reported increased interest in its sea-air services, mirroring reports of growing enquiries for alternatives to ocean shipping due to the Red Sea crisis.The Hong Kong-headquartered forwarder said that its sea-air and road-air services across Eurasia have recently garnered increased interest.The company said that its sea-air solution transports ...