All News articles – Page 164
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News
Lufthansa Cargo enjoys record third quarter results
Lufthansa Group said Lufthansa Cargo recorded record results in the third quarter of this year as it issued a more positive outlook for the remainder of the year than it had previously predicted.The Frankfurt-based Group made an operating profit of €1.1bn in the third quarter of this year, based largely ...
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London Heathrow to remove airline operations cap
London Heathrow Airport's operator has confirmed that it is to remove the cap on airline operations through the gateway from October 30.The cap had been introduced by Heathrow Airport Limited (HAL) in the wake of significant delays and cancellations in services at the airport as it struggled to meet rapidly ...
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NewsCargoAi agrees technology partnership with Chain.io
Source: CargoAi/ Chain.ioCargoAi has agreed a strategic partnership Chain.io, a cloud-based integration platform linking players across the global supply chain.A statement by CargoAi, which describes itself as “airfreight’s fastest growing digital enabler”, said that the partnership will “supercharge the freight forwarder experience”.It is expected that the partnership will enable most ...
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NewsSingapore Airlines reaps the benefits of its new cargo management system
Photo: Singapore AirlinesSingapore Airlines (SIA) went live with its new Integrated Cargo Management System (ICMS) on August 1.It is powered by IBS Software's iCargo freight management platform and, according to the software-as-a-service specialist, since SIA went live with the ICMS it has benefited “approximately 1,500 users across sales, operations, and ...
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AAPA reports continued weakness in September cargo performance
The Association of Asia Pacific Airlines (AAPA) has reported traffic figures for September that highlight continued weakness in the region’s cargo market.International air cargo markets remained “under pressure”, the association that represents Asia-Pacific carriers, noted.It blamed export activity being hampered by depressed business and consumer confidence levels amid deterioration in ...
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News
China faces slow airfreight demand as Covid containment continues
As China enforces continued Covid containment measures air cargo demand is “slow” in the north of the country according to Flexport.The freight forwarder said that rates were also down in its October 25 freight market update.Reporting on North China, Flexport said: “Demand is slow, especially for US midwest and USEC ...
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Newscargo-partner continues growth with new office near Manchester Airport
Manchester office staff. Photo: cargo-partnerAustrian logistics firm cargo-partner has opened a new office close to Manchester Airport to support its UK growth.Following its acquisition of UK firm Aztek International Freight Ltd in March, cargo-partner's Manchester team has relocated to a new office, to support further development of the team, services ...
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News
Cargo helps ACS France to rapid revenue growth
Broker Air Charter Service (ACS) France saw its revenues increase rapidly in the first half of the year, helped by the performance of its cargo business.ACS France, which last year appointed a new leadership team, saw its revenues increase by 91% year on year in the first half of 2022.Alexandre ...
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NewsTAC Index to launch new air cargo data quality report
Source: TAC IndexPrice reporting agency TAC Index is set to launch a new product that will help companies improve the quality and timeliness of their data.The new TAC Insights – Data Health Report will be offered free of charge to freight forwarders that provide pricing data for the index as ...
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NewsSaudia Cargo boss re-elected to chair global cargo alliance
Teddy Zebitz. Photo: SkyTeam CargoGlobal cargo alliance SkyTeam Cargo has re-elected Saudia Cargo chief executive Teddy Zebitz as chairperson of the SkyTeam Cargo executive board for another consecutive term.With his re-election, Zebitz will continue to strategically lead the SkyTeam Cargo board for a further period of two years.Zebitz has over ...
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News
Air France KLM purchases more than 1m tons of SAF
The Air France KLM Group has continued its sustainability drive with a deal to purchase more than 1m tons tons of sustainable aviation fuel (SAF).In total, the airline group will purchase 1.6m tons of SAF, with Neste supplying 1m tons between 2023 and 2030 and DG Fuels supplying 600,000 tons ...
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NewsHong Kong International Airport utilises autonomous tractors for cargo transport
Airport Authority Hong Kong (AAHK) has introduced an autonomous electric tractor developed by Teksbotics and partners to meet expected cargo demand growth.AAHK and Teksbotics have launched a project to utilise autonomous tractors to perform routine driving works between West Cargo Apron and Cargo Apron Staging Area at Hong Kong International ...
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NewsAir Austral and Unilode renew ULD management partnership
Photo: Air AustralReunion Island-based French airline Air Austral and Unilode Aviation Solutions have extended their ULD management partnership until 2026.Unilode has been managing Air Austral’s ULD fleet since 2016. Under the terms of the renewed agreement Unilode will supply lighter weight and more durable digitalised containers for Air Austral to ...
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NewsLATAM and DSV to expand Huntsville freighter operation
Source: LATAM CargoLATAM Cargo and DSV will increase the frequency of their freighter partnership operating out of Huntsville as they look to capitalise on demand to South America.The partners started the service five months ago with a once-a-week flight on Mondays between the US airport and Viracopos in Brazil utilising ...
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News
DSV records airfreight slowdown in Q3 as rates and demand drop
DSV reported a "reduced growth rate" for airfreight business in the third quarter of 2022 as rates declined and consumer demand dropped amid economic uncertainty.In the third quarter of 2022, the forwarder’s Air & Sea division reported a 44.2% year-on-year increase in earnings before interest and tax (ebit) before special ...
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News
Kuehne+Nagel sees slower Q3 airfreight growth
Kuehne+Nagel’s (K&N) air logistics division saw positive but slower growth in the third quarter of 2022 as airfreight market capacity has grown and demand dropped.The air division’s third-quarter net turnover was SFr2.8bn, up 7% from the same period of 2021, earnings before interest and tax (ebit) was SFr323m, 35% up ...
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NewsHactl to handle CMA CGM Air Cargo Hong Kong services
CMA CGM Air Cargo ground services. Photo: HactlHong Kong Air Cargo Terminals Limited (Hactl) has been appointed to handle CMA CGM Air Cargo's new Hong Kong services which began in early September.CMA CGM Air Cargo, which received its air carrier certificate from the French Civil Aviation Authority in June, has ...
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NewsMRO Avia Prime Group enters widebody conversion market with IAI
B767 passenger aircraft. Photo: Avia Prime GroupMRO Avia Prime Group has entered the widebody conversion market by signing a cooperation agreement with Israel Aerospace Industries (IAI).The conversion of Boeing B767-200/300 passenger aircraft to freighters will take place at the premises of the Belgrade-based Avia Prime subsidiary, JAT Tehnika.Conversion work will ...
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NewsIAG Cargo grows sustainable operations with biodegradable film for goods
Biodegradable wrap on cargo. Photo: IAG CargoIAG Cargo is trialling new sustainable film for wrapping transported goods at its London Heathrow hub in a bid to save up to 15 tonnes of virgin polyethylene a year.100% recyclable and biodegradable by landfill, the film has been developed by German disposal company ...
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NewsSwissport adds new Japan air cargo facility
Source: SwissportSwissport will open a new air cargo centre at Chubu Centrair International Airport as it looks to meet growth in Japan's Tokai region.The new facility is on the north side of International Cargo Warehouse 1 at the airport and will open on November 1.It measures 2,500 sq m and ...