All articles by Damian Brett – Page 36
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News
Red Sea-related demand yet to materialise but enquiries rise
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers are enquiring about alternatives to sea transport.While there is an expectation that vessel diversions away from the Suez Canal route and around the Cape of Good Hope due to attacks ...
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Airfreight rates expected to slide this year on 2023 levels
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return to the market.Writing in his monthly Baltic Exchange column, Bruce Chan, director and senior research analyst covering global logistics and future mobility, at investment bank Stifel, said that international passenger ...
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NewsCherry on the cake for LATAM Cargo
Source: LATAM CargoLATAM Cargo saw its cherry volumes increase by more than 30% for the cherry peak season as it added dedicated flights to cater for the demand for the fruit.In total, the carrier saw its cherry volumes out of Chile increase 32% year on year to 7,546 tons in ...
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NewsRöhlig Logistics creates new China structure and appoints Passek
Source: Röhlig LogisticsRöhlig Logistics has created a new regional structure for its China business, resulting in several new appointments.The new structure has seen the logistics firm divide up its China business into four regions; North China, East China, South China and Hong Kong, and West China.Christoph Passek has been appointed ...
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News
EFW expects quick return for Lufthansa Cargo A321Fs
Conversion firm EFW is expecting work to repair two of Lufthansa Cargo's Airbus A321 freighters to take only a few days.The cargo carrier last week took its four A321Fs out of action as a precaution after a single fine crack was located on the rear fuselage structure of one of ...
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NewsCargolux diversifies into aerial firefighting
Source: CargoluxCargolux has launched a new aerial firefighting business unit in response to extreme weather patterns.The freighter operator's Aquarius Aerial Firefighting (Aquarius AFF) will operate a fleet of 12 Air Tractor AT-802F Fire Boss aircraft, which will be acquired over a three-year period.The first three of the aircraft have already ...
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News
ANA connects DG Autocheck through APIs
All Nippon Airways (ANA) has become the first airline in Asia to implement the Connect API service that is part of IATA's Dangerous Goods (DG) AutoCheck.By connecting the IATA dangerous goods verification system through APIs, the airline hopes to speed up data processing and improve quality.Connect API was launched as ...
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NewsDHL, FedEx and UPS face India competition probe
Source: Worawee Meepian/shutterstockDHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations.Newswire Reuters reported that the local units of the three express giants were the focus of an investigation following a complaint from the Federation of Indian Publishers.According to the report, the ...
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News
Lufthansa Cargo parks two A321Fs due to fine fuselage crack
Lufthansa Cargo has parked two of its four A321 freighters after a single fine crack was located on the rear fuselage structure of one of the aircraft. The two affected aircraft are D-AEUC and D-AEUI. The former has not flown for several days now while the latter last conducted a ...
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NewsIAG Cargo opens 2024 graduate programme
Source: IAG CargoIAG Cargo is taking applications for its 2024 Graduate Scheme at London Heathrow until the end of January.The cargo business is looking for 11 graduates to join the two-year programme that will start in September.IAG said that new intakes will benefit from IAG Cargo’s brand-new learning hub to ...
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News
Freighter number four for MSC Air Cargo
MSC Cargo's latest freighter has been delivered and will be put into action on the transpacific.The newbuild Boeing 777F was this week delivered to lessor Atlas Air Worldwide Holdings and is the last of four aircraft to be delivered for its long-term ACMI agreement with MSC.The inaugural 777F was delivered ...
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News
Camex Airlines utilises software to ensure ICS2 compliance
Georgia-based cargo carrier Camex Airlines has signed up to use software firm Feeport's system to ensure it is compliant with the European Union’s (EU) Import Control System 2 (ICS) for security declarations.Feeport is providing the airline, which operates Boeing 737-800 freighters, with several data filings prior and during EU-bound flights ...
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NewsAir cargo traffic, capacity and revenues continued to recover in Q4
Air cargo traffic, capacity and revenues continued to recover in late 2023. According to IATA, world air cargo traffic expanded 8.3% year-over-year, as measured in cargo tonne-kilometres (CTKs), in November 2023, the best month for industry traffic growth since December 2021.After 17 months of consecutive decline, traffic tepidly began growing ...
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News
Amerijet offloads freighters and restructures
US freighter operator Amerijet is offloading Boeing 757 aircraft and restructuring the business as it looks to respond to changing market conditions.The Miami-headquartered airline said that it has completed a successful financial and operational restructuring to "enhance the Company's capital structure and support go-forward operations".The restructuring includes the return of ...
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News
Future of Leipzig/Halle cargo hub under scrutiny
Auditing firm KPMG has completed a restructuring report on the financially ailing operator of Leipzig/Halle Airport, Mitteldeutsche Flughafen AG (MFAG), with observers expecting that shareholders will have to inject fresh capital.According to Air Cargo News sister title DVZ, KPMG will hand over a so-called IDW-S6 restructuring report to the management ...
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News
Liege cargo volumes slide in 2023 as FedEx switch takes its toll
Liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.Belgium's busiest cargo hub recorded cargo volumes of just over 1m tonnes last year, down 11.8% on 2022 levels. However, volumes are up on 2019's 902,480 tonnes.The airport attributed the decline ...
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News
Air Partner expects marginal demand growth and overcapacity in 2024
Charter broker Air Partner is expecting marginal growth in general cargo volumes this year while overcapacity is predicted to persist.In an outlook for the year ahead, Air Partner vice president of global cargo Pierre van der Stichele, said he expected the general cargo industry to grow "marginally" by around 4-5%, ...
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NewsIATA reports an 8% increase in November cargo traffic
IATA data shows that air cargo traffic increased by a 2023 high of 8.3% year on year in November, although the improvement also reflects a weak compression period in 2022.The association said that the November increase in cargo tonne kms (CTK) was the fourth monthly improvement in a row and ...
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NewsAirlines warn of cargo delays due to 737 Max 9 grounding
Source: Alaska AirlinesAlaska Airlines and United Airlines have warned cargo customers that some shipments could be delayed due to the grounding of their Boeing 737 Max 9 aircraft.On January 6, the US Federal Aviation Administration (FAA) issued an emergency airworthiness directive (EAD) requiring inspections of all 737 Max 9s after ...
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NewsNippon Express moves into the top-five airfreight players with cargo-partner deal
Photo Copyright: cargo-partnerNippon Express Holdings has completed its acquisition of several cargo-partner businesses based in central and eastern Europe.The shares of the businesses were acquired by a special purpose company wholly-owned by Nippon Express Europe, which is in turn a subsidiary of Nippon Express Holdings.Terms of the deal were not ...