Latest news – Page 62
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NewsConnecting the supply chain
IATA has big plans to improve data sharing across the supply chain, utilising the latest technology to help the air cargo industry up its digital game. There is no doubt that the past few years have seen the air cargo industry improve its ability to share data and information across ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
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NewsLufthansa Cargo revenues fall in 2023 as rates cool
Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during the pandemic era.The cargo arm of German airline Lufthansa recorded revenue of €2.98bn in 2023, a drop of 36% from €4.6bn in 2022.Lufthansa Cargo also generated an adjusted ebit of ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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NewsJettainer promotes Riekert to chief commercial officer
Thorsten Riekert. Photo: JettainerULD specialist Jettainer has appointed its chief sales officer Thorsten Riekert as chief commercial officer.In this newly created position, Riekert will be responsible for Jettainer’s commercial strategy aiming at advancing the company’s global growth trajectory.Jettainer said the appointment of Riekert to chief commercial officer is an integral ...
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DHL's airfreight volume decline slows in Q4 2023
DHL Group's airfreight volumes in the fourth quarter of 2023 continued to suffer from reduced air cargo demand, but the quarter was a marked improvement on earlier in the year.Fourth quarter airfreight volumes were down 3.6% year on year to 433,000 tons. Year on year, this compares to -12.2% in ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsQatar Cargo waves goodbye to its last Boeing 747 freighter
Source: Qatar Airways CargoQatar Airways Cargo has exited Boeing 747 freighter operations after the model conducted its final flight for the Doha-headquartered airline last week.The aircraft (A7-BGB) completed its final flight from Barcelona to Doha on March 1.The carrier said that it had decided to exit the operation of the ...
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NewsDHL not looking to buy DB Schenker
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Group has declared itself out of the running for acquiring DB Schenker following much speculation over which company will buy the freight forwarder.The German logistics company's chief executive Tobias Meyer said on March 6 that DB Schenker was determined "not a good ...
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Cargolux takes a stand on disposable e-cigarettes
Cargolux will no longer transport disposable electronic cigarettes in response to concerns over their impact on health and the environment.The all-cargo airline said that the ban would also apply to its Cargolux Italia and comes in response to "growing concern about the adverse effects of these products on both public ...
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Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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NewsMenzies wins Belgrade Airport cargo handling contract
Photo: Menzies AviationMenzies Aviation has begun providing full ground handling services at Belgrade Nikola Tesla Airport in Serbia.From March 5, the aviation services provider will provide air cargo services, alongside ramp handling and baggage, de-icing, passenger and PRM services at the airport, operated by VINCI Airports since December 2018.The contract ...
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Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsSwissport Tanzania gains IATA CEIV Fresh certification
Photo: SwissportSwissport Tanzania has been awarded IATA CEIV Fresh certification for its air cargo logistics operations at Julius Nyerere International Airport in Dar es Salaam (DAR).The new certification positions Swissport as the only air cargo handler to meet this standard at Julius Nyerere International Airport.The achievement in Tanzania complements Swissport’s ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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NewsHong Kong Air Cargo continues e-commerce growth with Riyadh route
Photo: Hong Kong Air CargoHong Kong Air Cargo has launched a new e-commerce airfreight route between Hong Kong and Riyadh, Saudi Arabia.The carrier will operate two weekly cargo flights from Hong Kong International Airport to King Khalid International Airport every Monday and Sunday using a Airbus A330-200 freighter.The inaugural flight ...
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Handler dnata weighs up dedicated sea-air facility as demand surge continues
Dubai-headquartered handler dnata is considering taking up a dedicated sea-air facility as demand continues to surge.Traditional sea-air hubs have this year experienced a surge in demand as forwarders looked for alternatives to ocean transport due to delays caused by attacks on vessels in the Red Sea and the subsequent diversion ...
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NewsFarCargo gets ready to launch first transatlantic air cargo route
Faroe Islands-based carrier FarCargo will launch its first transatlantic air cargo route for salmon shipments on March 5.The planned outbound route will be Billund - Faroe Islands – Newark, with a fuel stop in Keflavik (BLL-FAE-KEF-EWR), and inbound Newark - Billund (EWR-BLL).A subsidiary of salmon farming business Bakkafrost, FarCargo will ...
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Latin American air cargo liberalisation agreement made permanent
A multilateral agreement to liberalise air cargo services in Latin America has been made permanent in a move that could boost airfreight in the region.The seventh freedom traffic rights agreement was established on a temporary basis in 2021 but in December was made permanent.The agreement allows airlines from one Latin ...
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NewsSaudia Cargo, WFS and Cainiao launch collaboration at Liege Airport
Photo: Saudia Cargo WFS and Cainiao GroupSaudia Cargo, Worldwide Flight Services (WFS) and Cainiao Group have launched a strategic collaboration at Liege Airport to boost the efficiency of cross-border e-commerce trade.The collaboration at Cainiao’s Liege eHub aims to optimise e-commerce logistics processes through innovation and streamlining operations. The companies ultimately ...