All articles by Damian Brett – Page 88
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NewsVirgin Atlantic Cargo approves use of Releye ULD
Source: Virgin Atlantic CargoVirgin Atlantic Cargo has approved the use of Envirotainer’s Releye RLP and RAP containers on its aircraft as part of efforts to develop its pharmaceutical and life science offering.The airline said that the container offers live tracking of location as well as temperature, humidity and product condition, ...
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InsightsMaindeck expansion positions Air Canada for cargo growth
US passenger airlines with global networks have long since shed their maindeck freighter fleets but north of the border there is a renaissance of the combination carrier business model.Air Canada Cargo has an order book for two production Boeing B777Fs, two production line B767 freighters and eight of its passenger ...
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Insights
Air cargo rates stabilise for summer period
Airfreight rates on key trade lanes were stable in July for the quieter summer period but remain far above pre-pandemic levels.The latest data from the Baltic Exchange Airfreight Index (BAI) show that average rates on services from Hong Kong to North America dropped by 2.6% in July compared with June ...
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Insights
Forwarder Focus: Looking ahead to a more positive 2023
A recent survey of Airforwarders Association members indicates that while the air cargo business is decelerating after one of the industry's strongest years ever, volumes remain robust, and many predict the first half of 2023 will be relatively positive.Forecasts indicate that airfreight will account for almost 25% of airline revenue, ...
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Insights
Putzger perspective: Cargo hub headaches
Most people loathe aviation hubs. Even at the best of times they seem messy and congested, welcoming travelers with long lines at security checkpoints and immigration stations.The seemingly endless cascade of flight cancellations and delays in recent weeks has turned them into nightmares for many, some kind of purgatory ruled ...
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Insights
Supply Chain Spotlight: Flightpath to the future
The UK government recently published its ‘Flightpath to the Future’ document, which contained its 10-point plan for aviation – a strategy aimed at building an innovative and sustainable aviation sector.While it is encouraging that the plan recognises the vital role of airfreight as a tool for levelling up and international ...
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Insights
Smart software helps cut air cargo emissions
Wiremind Cargo’s chief executive Nathanaël de Tarade explains why utilising smart software should be considered alongside sustainable aviation fuel (SAF) in the race to reduce the air cargo industry’s carbon emissions.Much of the air cargo industry's focus on reducing carbon emissions centres on airlines' use of SAF.However, other players in ...
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NewsAir Canada Cargo to add B777 freighters
Source: Air CanadaAir Canada will add B777 freighters for the first time as it continues to expand its presence in the all-cargo market.The carrier today announced an order for two factory-built B777Fs to enter into service in 2024.The order comes as Air Canada has been investing in converting its B767 ...
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Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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Cathay Pacific Cargo predicts muted peak season
Cathay Pacific Cargo is expecting a muted peak season while it continues to add passenger flights and faces cross-border trucking issues.Updating on current market conditions, Cathay Pacific head of cargo sales for Hong Kong and the Greater Bay Area (GBA) Frank Yau said that demand out of Shanghai was expected ...
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CargoLogic Germany insolvency proceedings imminent
Insolvency proceedings are expected to be opened imminently against CargoLogic Germany (CLG), according to the airline's administrator.In an update, a spokesperson for insolvency administrator Lucas Flöther said that the company will soon need to start paying staff wages again. Those costs were previously secured for three months as part of ...
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NewsEtihad Cargo sees first-half revenues rise despite volume decline
Etihad Cargo reported a first-half increase in cargo revenues despite a drop in volumes as a result of a ramp-up of passenger operations.The Abu Dhabi-headquartered airline reported cargo revenues of $802m in the first half of 2022, representing an increase of 6% on the same period last year, despite a ...
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NewsAir France KLM sees cargo volumes tumble in Q2
Air France KLM (AF KLM) saw cargo revenue growth flatten and volumes decline in the second quarter as the group switched aircraft away from Asia.The airline group said that second-quarter revenues increased by 2.6% year on year to €918m, while cargo traffic dropped by 17.2% on last year to 1.7bn ...
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NewsAir China selects WFS for Liege freighter handling
Air China B777F. Source: WFSAir China has commenced a new three-year cargo and ramp handling agreement with Worldwide Flight Services (WFS) in Liege.The airline operates four Boeing 777 freighter flights a week to Liege from Hangzhou Xiaoshan International Airport, the capital of Zhejiang Province, returning to China via Madrid.WFS expects ...
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Turkish Cargo partners with YTO on Tashkent flights
Turkish Cargo is partnering with express carrier YTO Cargo Airlines on flights connecting China, central Asia and Turkey.The agreement will see YTO Cargo Airlines operate four flights per week between Xi'an and Tashkent.The capacity of the flights is being utilised entirely by Turkish Cargo, the partners said."According to this co-operation, ...
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NewsIAG Cargo sees revenues fall in Q2
IAG Cargo registered declines in both freight traffic and revenues in the second quarter of the year.The cargo business saw second-quarter cargo revenues decline by 1.9% year on year to €411m, while traffic was down 5% on last year to 949m cargo tonne km.The decline in demand reflects overall market ...
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FedEx to expand Asia Pacific hub to meet long-term growth
FedEx Express will build a new express centre at Guangzhou Baiyun International Airport as part of its long-term expansion plans.The company has signed an agreement with Guangdong Airport Authority Logistics Company to build a 41,000 sq m facility that will more than double the size of its current gateway at ...
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NewsXwing expands cargo fleet as it continues push for autonomous flying
Source: XwingUS tech-startup Xwing has expanded its cargo fleet through two recent acquisitions as it looks to secure approvals for autonomous operations.The tech firm has followed up last year's purchase of AirPac Airlines with Texas-based FAA Part 135 cargo carrier Martinaire Aviation.These acquisitions, combined with organic growth, now bring Xwing’s ...
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DB Schenker sees profits take off despite volume declines
DB Schenker saw its revenues and operating profits rapidly increase in the first half of the year despite a decline in volumes.The company, which was the strongest performing division in the Deutsche Bahn (DB) Group, reported a 35.8% year-on-year increase in total sales to €14.2bn in the first half and ...
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NewsJAL Cargo joins cargo.one portal
Hiroo Iwakoshi, Japan Airlines (L) and Moritz Claussen, cargo.one (R). Source: cargo.oneJapan Airlines Cargo (JAL Cargo) will place its capacity on online booking portal cargo.one as it looks to expand its reach.The agreement means that freight forwarders will be able to search, book, amend and track the carrier's capacity in ...