All articles by Damian Brett – Page 5
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NewsAir cargo's "wait and see" approach to US tariffs and positive demand outlook for 2025
Source: Air Cargo NewsThe air cargo industry is taking a wait and see approach to the likely impact of potential new US tariffs and stricter regulatory requirements for e-commerce shipments.At the Tiaca Air Cargo Forum industry leader session, panellists were asked their opinion on how the possible implementation of stricter ...
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NewsATSG swings to a loss in Q3
Image source: ShutterstockAircraft lessor ATSG reported a loss in the third quarter of the year as block hours decreased and costs increased.The company, which is in the process of being bought by investment firm Stonepeak for $3.1bn, saw revenues decline by 9.9% to 471.3m, operating income was down 52.9% to ...
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NewsAir cargo rates to remain firm as cargo capacity tightens
Photo: Jaromir Chalabala/ ShutterstockAirfreight rates remained firm in October despite demand growth not reaching the highs many had expected, meanwhile securing capacity could become more of a challenge in the future.Writing in a monthly column, TAC Index editor Neil Wilson said that the global Baltic Air Freight Index calculated by ...
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NewsSeafrigo targets growth with new CEO
Bruno Planaz. Source: SeafrigoCool chain logistics firm Seafrigo Group has appointed Bruno Plantaz as its new group chief executive, with company founder, Eric Barbé, stepping up to the role of president.Seafrigo said the two will work closely on delivering the next stage in the company's global growth plan.Plantaz, who will ...
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NewsDouble-digit improvements for revenues and volumes at IAG Cargo in Q3
IAG Cargo shipments loading on aircraft Photo IAG Cargo via Hill+Knowlton StrategiesIAG Cargo enjoyed a bumper performance in the third quarter of the year with cargo revenues and volumes improving on a year earlier thanks to additional capacity and increased demand.The cargo division, which includes the cargo capacity of British ...
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NewsAir France KLM Cargo eyes Asia as performance improves in Q3
Source: Semmick Photo Shutterstock.comAir France KLM Martinair Cargo recorded improvements in cargo volumes, revenues and yield in the third quarter as it benefitted from rising demand out of Asia Pacific.The Franco-Dutch airline group noted a 0.6% increase in overall third-quarter cargo revenues to €561m, while cargo traffic revenues improved ...
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NewsUnited Cargo expands online booking offering
Source: Vytautas Kielaitis/ShutterStock.comUnited Cargo continued to roll out its online presence by placing its capacity on online booking portal cargo.one.The airline's capacity will initially be available on cargo.one for select customers in the US, Canada, Belgium, France, Germany, Italy, the Netherlands, Spain, Switzerland, and the UK.United Cargo plans to progressively ...
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NewsEmirates SkyCargo volumes up 16% in first half
Dubai International. Source: Karol Ciesluk / Shutterstock.comEmirates SkyCargo has reported a rapid increase in volumes in the first half of the year thanks to general market improvements and additional freighters.The freighter operator reported a 16% year-on-year increase in cargo volumes to 1.2m tonnes over its fiscal first half year running ...
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NewsAtlas' Michael Steen appointed to IATA's board of governors
Michael SteenAtlas Air chief executive and president Michael Steen has been appointed to IATA's board of governors.The move will be a boost to cargo representation at IATA as Steen will help shape industry standards, influence aviation policy and advance initiatives supporting global connectivity and a "safe, secure, and sustainable aviation ...
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NewsDutch air cargo group hits out at Schiphol price increases
Image: ShutterstockAir Cargo Netherlands has warned that Schiphol Airport's plans to increase rates next year will disproportionally impact freighter airlines.The Dutch airport last week announced that it would increase airline charges by 37% over the coming three years in response to high inflation and increased interest rates.The charges will increase ...
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NewsDB Schenker speeds up fabric delivery times for Camira
Source: DB SchenkerDB Schenker has helped speed up delivery times for UK textile manufacturer Camira Fabrics as it faced "significant challenges" with transatlantic deliveries.The fabrics company said that it relied on rapid, dependable delivery to meet critical project deadlines but over recent years has faced external challenges with the likes ...
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NewsCharter demand boosts Cargojet's performance in Q3
Demand for charter operations helped boost revenues for Canada-based freighter operator Cargojet in the third quarter of the year.The company reported a 14.8% increase in overall revenues to C$245.6m for the third quarter, with ACMI revenues up 12% to C$70.2m, domestic network up 5.2% to C$97.3m and all-in charter revenues ...
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NewsLufthansa Cargo renews China partnerships
Source: Lufthansa CargoLufthansa Cargo has renewed partnership agreements with Shanghai Airport Authority, Air China Cargo and China Postal Express & Logistics as it increases its focus on the country.The cargo airline said that the new partnerships are in response to the "booming" Chinese e-commerce sector and the increasing importance of ...
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NewsMore Menzies facilities implement new cargo software
Source: Menzies. Copyright: Monty RakusenMenzies Aviation is continuing the roll-out of new cargo software that it hopes will create efficiencies in its cargo handling operations.The expansion will see the handler deploy the Wipro Menzies Aviation Cargo Handling (MACH) cargo management system at 28 additional stations in 2025.This follows the successful ...
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NewsCargo-partner secures Asia-UK/Ireland air cargo capacity
Credit: tratong/ ShutterstockFreight forwarder cargo-partner has added a new airfreight service between Asia and the UK and Ireland.The Nippon Express-owned company said that it had secured reserved capacity on flights out of Asia in what is expected to be a busy peak season for air cargo with space at a ...
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NewsDHL Global Forwarding sees Q3 airfreight revenues rise but profits under pressure
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Global Forwarding saw its air cargo volumes and revenues rise in the third quarter led by trades out of Asia but gross profits came under pressure due to rising rates.The forwarding business registered an 8.5% increase in air cargo volumes to 445,000 ...
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NewsAir cargo stalwart Eric Wilson scoops Qatar Cargo role
Qatar Airways Cargo has appointed Eric Wilson to the role of senior vice president of cargo sales.According to the airline, Wilson will oversee all aspects of cargo sales, including customer relationship management, global accounts, market development and "ensuring the highest standards of service for our customer base".According to his LinkedIn ...
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NewsStrike ends as machinists approve new contract with Boeing
777F Photo: Boeing Media LibraryMembers of the International Association of Machinists (IAM) have ratified a four-year contract with Boeing, ending a 53-day strike that cost the company billions of dollars and forced it to halt aircraft production in the Pacific Northwest.The 33,000-strong union said on November 4 that members ratified ...
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NewsAA Cargo roars into action on tiger mission
Source: American Airlines CargoAmerican Airlines Cargo has helped transport a Bengal tiger to a sanctuary in the US following changes to her home in Argentina.The move is a result of the former Mendoza Zoo's transition into an Eco Park, which has involved gradually relocating its animal residents to sanctuaries.The 16-year-old ...
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NewsAir cargo demand up again in September but growth narrows
Source: Jaromir Chalabala/ShutterstockAir cargo demand continued to increase at a high level in September, although year-on-year improvements narrowed slightly compared with the last nine months.The latest figures from IATA show that air cargo demand in cargo tonne km terms increased by 9.4% year on year in September. Capacity was up ...