Data news – Page 26
-
NewsCargolux reports record profits despite challenging market conditions
Cargolux B747-8FLuxembourg-based airline Cargolux saw net profits after tax increase by 72.7% year on year in 2018 to $211.2m thanks to its new ACMI operation, a record year for charter and demand for increased demand for specialist shipments.Consolidated revenues at the airlines for the year increased by 16.4% year on ...
-
NewsPanalpina airfreight volumes improve in Q1 despite market decline
Panalpina has bucked market trends by reporting an increase in air cargo volumes in the first quarter of the year, while overall profits and revenues were also on the up.The company, which looks likely to merge with Denmark’s DSV, saw airfreight volumes increase by 8% in the first quarter to ...
-
News
Cargo at Brussels down but up at Frankfurt in March
Brussels airport saw cargo volumes decline in March but Frankfurt managed to return to growth after two months of declines.Brussels saw pure air cargo volumes decline by 12% year on year in March to 44,532 tonnes, with the airport blaming industrial action by air traffic controllers and general slowdown in ...
-
News
Revenues take-off at Virgin Atlantic Cargo in 2018
Virgin Atlantic Cargo saw revenues increase by 13% year on year in 2018 as it achieved its strongest revenue performance in the last five years.In total, the airlines registered cargo revenues of £222m on the back of a 6% increase in volumes to more than 244,000 tonnes, the airline’s best ...
-
News
Turkish Cargo beats the February blues with demand increase
Turkish Cargo managed to record an increase in cargo demand in February despite the overall industry reporting a decrease.The airline said its cargo volumes increased by 9.6% year on year during the month, according to figures from analyst WorldACD, while the overall industry registered a 5.8% decrease.During the first two ...
-
News
Airports see cargo volumes decline further in February
Major airports suffered another month of traffic declines in February, with the world’s largest airfreight hub reporting a double-digit percentage decrease on a year earlier.Hong Kong International Airport saw cargo volumes decrease by 14.4% year on year in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”.Figures in the first ...
-
News
A mixed picture for rates as air cargo shows some signs of a pick-up
Airfreight rates on the transpacific trade are expected to begin picking up over the coming weeks after hitting their low point for the year.The latest data from Tac Index shows that average prices between Hong Kong and North America stood at $3.38 per kg in March.However, derivatives broker FIS said ...
-
NewsIATA reports another decline for air cargo in February
Air cargo traffic declined again in February as the industry had its weakest month in terms of growth in the last three years and load factors tumbled again.Data from IATA shows that freight tonne kms declined by 4.7% year on year in February, while freight capacity was up by 2.7%. ...
-
News
Another demand decline for air cargo in February
Air cargo continued to see airfreight demand decline on a year ago in February, with the Asia Pacific region coming under particular pressure.WorldACD figures show that in February air cargo demand in terms of chargeable weight decreased by 5.8% year on year, while cargo load factors were down by three ...
-
NewsFIATA issues best practice guide to fight cybercrime
Picture: FIATAThe International Federation of Freight Forwarders Associations (FIATA) has released its “Best Practice Guide on Prevention of Cybercrime” for its members and the industry at large.Said a FIATA spokesperson: “Cybercrime continues to manifest its impact on international logistics and supply chain management systems.”It has issued the practice guide “in ...
-
News
European air cargo demand growth sluggish in February
Cargo volumes at European airlines remained weak in February as the industry braces itself for a tough year.Europe’s largest combination cargo carrier group, Lufthansa, saw cargo volumes for the month decrease by 3.5% year on year to 802m revenue cargo tonne kms, despite capacity increasing by 7.7%.However, this was an ...
-
NewsSome 40% of shippers unaware of dangerous goods regulations
IATA head of cargo Glyn Hughes at the IATA World Cargo Symposium 2019 in SingaporeA large number of shippers, some 40%, admitted to being unaware of the dangerous goods regulations governing airfreight.That statistic, drawn from the latest IATA shipper survey, was described as “a very alarming figure” by IATA’s head ...
-
News
IATA downgrades air cargo growth forecast to 2%
IATA has slashed its outlook for cargo growth over the coming 12 months as the US-China tariff dispute took more of a toll on performance than expected.Speaking at the IATA World Cargo Symposium in Singapore, the organisation’s chief economist Brian Pearce lowered its growth projection for freight tonne kms (FTK) ...
-
News
Only connect: Supply chain collaboration call at WCS
Greater digital collaboration across air cargo’s supply chain and a need to speed up the digitisation process were two key themes raised in the opening session of IATA’s World Cargo Symposium in Singapore.Singapore Airlines’ chief executive Goh Choon Phong called for “pushing the pace” of digitisation in air cargo and ...
-
News
Airfreight rate growth plateaus in February
Airfreight rate growth on major east-west lanes appears to have plateaued in February as the cargo market has had a weak start to the year.Figures from data provider Tac Index show that rates on the transpacific and the transatlantic both declined on year ago in February, while on Asia-Europe there ...
-
News
Air cargo demand at three year low in January
Air cargo suffered its worst January in three years as the industry continues to face “significant headwinds”.Figures from IATA show that January saw airfreight traffic declined by 1.8% year on year in freight tonne km terms, which the airline association said was the worst performance in the last three years, ...
-
News
Perishables, pharma and high-tech mitigate January drop in total air cargo volume
January 2019 another volume drop in total chargeable air cargo weight, this time of 2% year on year (YoY), coupled with a dollar yield drop of 2.5%, confirming a trend seen over a number of months said market analyst WorldACD in its latest report.The smaller regions of Africa and Central ...
-
NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
-
News
Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
-
NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...