Latest news – Page 33
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News
Kuehne+Nagel eases back on cost cutting programme
Kuehne+Nagel has scaled back its cost-cutting programme as it responds to changing market conditions.The forwarder had originally estimated annual restructuring cost savings net of inflation of around CHF200m, but this has now been reduced to around CHF100m.Speaking on a conference call following its half-year results announcement, the forwarder's chief financial ...
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Logistics UK welcomes Scottish government's aviation statement
Supply chain organisation Logistics UK has broadly welcomed the Scottish government's latest aviation statement, although it would like to see more ambitious targets for the development of Sustainable Aviation Fuel (SAF).The Aviation Statement sets out actions the Scottish Government will take to help grow Scotland’s international connectivity, secure lifeline services ...
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DB Schenker the bright spot for Deutsche Bahn
DB Schenker was the star performer for loss-making Deutsche Bahn in the first half of the year despite operating profits and revenues coming under pressure.The German forwarder registered a 6.6% year on year decline in first-half revenues to €9.4bn, while adjusted earnings before interest and tax declined 16.9% to €520m ...
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NewsDHL Express invests more than €40m in Vitoria Airport hangar
Photo: DHLDHL Express has announced plans to invest more than €40m in developing a new European aircraft maintenance hangar at Vitoria Airport in Spain.Expected to be operational by mid-2027, the new facility will be DHL Express' second most important maintenance centre in Europe after its facility at Leipzig Airport in ...
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Hong Kong International cargo volumes continue to soar
Hong Kong International Airport (HKIA) has now recorded a double-digit year on year growth in cargo for six consecutive months thanks to export cargo growth.The airport saw its cargo volumes increase by 17.6% year on year in June to 417,000 tonnes, according to data released by Airport Authority Hong Kong ...
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Asyad Group acquires Skybridge Freight Solutions
Oman-headquartered logistics provider Asyad Group has acquired Dubai-based multimodal freight forwarder Skybridge Freight Solutions (SFS) to grow the geographical scope of its business.Established in 2007, SFS offers freight forwarding services across air, sea and land in addition to warehousing and distribution.The company caters to a diverse array of major industries ...
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NewsOne Air aims for a fleet of four freighters
Source: One AirUK freighter operator One Air is hoping to double its fleet to four aircraft by the end of next year.The carrier, which launched a year ago, currently operates two converted Boeing 747 freighters and will add a third 747 aircraft, with nose-loading capabilities, by the end of August.Looking ...
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NewsAPAC demand lifts DSV airfreight volumes
Increased demand for airfreight out of Asia Pacific (APAC) helped DSV up its air cargo volumes in the second quarter of this year.DSV's airfreight volumes increased 10% year on year in the second quarter to 349,076 tonnes compared to 316,456 in the same period last year."The increase was mainly driven ...
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NewsForwarders warned over IATA DG certification
Source: WidsPX/Shutterstock.comUK freight forwarders are being told to make sure their IATA Dangerous Goods Regulation (DGR) certification is up to date on the IATA portal.Forwarder association BIFA issued a warning to its members that their IATA DGR training certificates must be uploaded to the IATA portal or they will be ...
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Magma adds narrowbody freighters and Middle East office
UK-headquartered freighter firm Magma Aviation is expanding its presence to the Middle East with the addition of two aircraft and a new office.The two converted freighters are an Airbus A321-200 (YL-LDZ) and a Boeing 737-800, while the new office is in Dubai.The company said it was one of the few ...
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NewsDHL grows GoGreen Plus SAF users
Photo: DHLGoogle has become the latest company to utilise DHL Express' GoGreen Plus service to invest in Sustainable Aviation Fuel (SAF) and reduce emissions from airfreight operations.The initiative includes express shipping of Google devices in the devices & services business unit across the Americas, Asia, and Europe, and is part ...
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Virgin Atlantic cuts sole China route
Virgin Atlantic will stop its service to Shanghai later this year due to increased costs as a result of not being able to fly over Russia.Flights to Shanghai in China currently operate daily using a Boeing 787-9, but the final service from Heathrow, UK to Shanghai will be operated by ...
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NewsEmbraer gains Brazilian certification for E-190 freighter
Source: EmbraerEmbraer's 190 freighter aircraft conversion has been certified by Brazil's National Civil Aviation Agency of Brazil (ANAC) and the firm is hoping to gain other key approvals this year.The E190 conversion, which is being marketed as the E-Freighter, carries around 13.5 tonnes of cargo and will target the e-commerce ...
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NewsUPS Q2 profit down 30% YoY
Volumes posed a challenge for UPS in the second quarter of this year, though results were bolstered slightly by the performance of the supply chain solutions division.UPS has announced second quarter consolidated revenues of $21.8bn, a 1.1% decrease from the second quarter of 2023.Consolidated operating profit was $1.9bn, down 30.1% ...
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Exclusive: IAI weighs up 787 freighter conversion programme
Israel Aerospace Industries (IAI) is considering launching a conversion programme for the Boeing 787 as it weighs up future projects.Speaking to Air Cargo News at the Farnborough International Airshow, IAI executive vice president and general manager, aviation group, Shmuel Kuzi explained that the business is always looking ahead to its ...
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NewsAsia exports boost K+N airfreight volumes in Q2
Healthcare and semiconductor shipments, Asia exports and Red Sea disruption helped drive up airfreight volumes for Kuehne+Nagel (K+N) in the second quarter of 2024.Airfreight volumes at K+N increased 7.3% to 517,000 tonnes in the second quarter of 2024 compared to the same quarter in 2023.Net turnover in K+N's air logistics ...
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UPS to acquire Estafeta
UPS has entered into an agreement to acquire Mexican express delivery company Estafeta, including a fleet of six aircraft.The acquisition has been announced as Mexico becomes strategically more important to UPS and the use of nearshoring grows.Estafeta's business include global express import and export with air service, document and parcel ...
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Air cargo in recovery mode after Crowdstrike IT outage
Air cargo operations are returning to normal with limited delays expected following the chaos caused by the recent global IT malfunction.The Microsoft IT outage, which saw many air cargo operations go down after computer systems failed at airlines and airports worldwide, was triggered by a software update from cyber security ...
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NewsEurus Express launches Haikou-Milan freighter flights
Source: Eurus ExpressLogistics firm Eurus Express has launched a new regular freighter flight from Haikou to Milan to cater for e-commerce demand.The twice weekly charter flight will be operated by Georgian Airlines using a Boeing 767-300 freighter between Haikou Meilan International Airport and Milan Malpensa Airport.Menzies Aviation will provide cargo ...
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NewsAmerican Airlines sees mango volumes takeoff
Source: American Airlines CargoA new supply chain set up for the transport of mangoes to consumers across the US has helped American Airlines Cargo handle record volumes of the fruit.The carrier has already handled record volumes of mango shipments at the half-way point of a multi-month project during the summer.So ...