All News articles – Page 276
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NewsIreland's EFL International appoints development manager as demand ramps up
Kevin Blake, EFL InternationalDublin-based freight forwarder EFL International Distribution has appointed Kevin Blake as sales and development manager.Blake was previously operations manager at Freighteam Ireland and over the last two decades had management responsibility for a number of the company’s areas of operation including a daily UK groupage trailer service, ...
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NewsBudapest Airport aims for China cargo with dedicated facilities
Budapest Airport - Zhengzhou Exclusive Oversea Terminal. Photo: Budapest Airport/Robert BaranyiBudapest Airport (BUD) has dedicated an air cargo facility to cargo from China as part of efforts to become a central European distribution hub for traffic from the country.The airport explained that as part of a development project with Zhengzhou ...
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NewsCargolux's profits reach a record high in 2020
Cargolux last year recorded record profits as the loss of bellyhold operations boosted demand for all-cargo aircraft.The freighter operator, which last year celebrated its 50th anniversary, achieved a 3745% year on year increase in net profits to $768.7m. Its previous record was $211.2m in 2018.Cargolux also recorded revenues of $3.17bn ...
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Dronamics adds three German droneports
Drone operator Dronamics has added three airports in Germany that will be part of its broader European Droneport Network.The three airports are Paderborn-Lippstadt, Rostock–Laage and Airport Weeze, which the drone firm said could service a total of 12.7m people within a one-hour drive.Dronamics said that its droneport network now totals ...
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NewsSilk Way West expands fleet with B777 freighter order
Zaur Akhundov, Silk Way Group, and Stan Deal, Boeing Commercial Airplanes Copyright Silk Way WestSilk Way West Airlines will expand its fleet through the addition of five production Boeing 777 freighter aircraft.The aircraft will be delivered between 2023-2027 and, as well as being the first B777Fs in the Silk Way ...
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Caribbean Cargo adds capacity on routes
Caribbean Airlines Cargo is increasing its weekly freighter capacity to meet growing demand on its Miami-Kingston-Miami and Miami-Trinidad-Miami routes.From May 2, the carrier is adding 200,000 lb of airfreight capacity each week with additional flights.The updated schedule includes four weekly flights between Miami and Trinidad, as the carrier launches a ...
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UPS' revenues increase as pandemic drives demand
UPS achieved increased revenues across all of its divisions, the company reported its first quarter 2021 results - and it attributed this to demand driven by the pandemic.The company's consolidated revenue increased by 27% year on year to $22.9bn, while consolidated operating profit climbed 158% to $2.8bn.UPS chief executive Carol ...
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DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
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Cathay Pacific targets digital cargo with One Record trial in Hong Kong
A trial of IATA One Record initiative was carried out by companies at Hong Kong International, including Cathay Pacific, as part of efforts to move to paperless processes in air cargo.The pilot, which ran in Hong Kong in March, was a joint initiative between Cathay Pacific Cargo and the Airport ...
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MasAir to lease two Airbus A330-200P2Fs from Altavair
As part of its expansion strategy, Mexican freighter operator MasAir is leasing two Airbus A330-200P2F (passenger-to-freighter) aircraft from Altavair.The agreement covers the leasing of two converted aircraft that will be delivered to MasAir early next year.The carrier is also investing more than $5m in hiring and training crew and technical ...
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DSV to break into top three with takeover of Agility GIL
DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.The purchase is expected to increase DSV's annual revenue by around 23%, which will rank the combined company as one ...
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NewsCainiao targets Hainan free trade zone with freighter flights
Alibaba logistics arm Cainiao Smart Logistics Network has launched seven freighter flights to Hainan to meet demand following the island's designation as a free trade zone.The charter flights will operate between Singapore and Sanya and Haikou airports on the island. This comprises five weekly Haikou-Singapore direct flights and twice weekly ...
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NewsAsk the expert: The Future of Air Cargo
Air Cargo News — in partnership with Air Cargo Europe — will host the Future of Air Cargo webinar and we would like to give our readers the chance to submit question to our panel of experts.The webinar will explore how air cargo will emerge from the Covid crisis and ...
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Air Cargo Netherlands signs up with PayCargo
Dutch air cargo association Air Cargo Netherlands (ACN) has signed up with PayCargo’s encrypted online platform to help it simplify members' and delegates' payment transactions.PayCargo, which last year processed $4bn in transactions for logistics firms, has tailored its platform to support ACN’s needs.ACN is the only airfreight association in the ...
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Menzies' joint venture commences ground handling at Baghdad International Airport
Masil, a ground handling joint venture between Menzies Aviation, Iraqi Airways, Air BP Limited and Al Burhan Group, has started cargo ground handling operations at Baghdad International Airport.At the hub, Masil's team of 65 staff is providing ground handling services to carriers including Emirates, Qatar Airways, Turkish Airlines, DHL, MNG ...
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NewsK+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
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NewsGeodis promotes Jordan to EVP and COO Americas
Geodis has promoted Anthony Jordan into the role of executive vice president (EVP) and chief operating officer (COO), Americas.Jordan, who has worked at the company for 15 years and has 35 years of experience in the industry, previously held the position of senior vice president and head of market line ...
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NewsWollesen to join Hellman Worldwide as board member and COO
Logistics firm Hellman Worldwide Logistics has appointed Jens Wollesen to its management board, as well as to the role of chief operating officer (COO).Wollesen will join the company in January next year and will sit on the management board alongside chief executive (CEO) Reiner Heiken and chief financial officer (CFO) ...
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NewsLAS Cargo selects ATC Aviation as GSSA in Ecuador
Lineas Aereas Suramericanas (LAS Cargo) has selected ATC Aviation as its general sales and services agent (GSSA) for its airfreight operations in Guayaquil, Ecuador.Luisa Fernanda Salazar, commercial manager at LAS Cargo, commented: “We are very pleased to continue in this growth process in LAS Cargo, developing new markets in the ...
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NewsCSafe Global names SVP technology and innovation
Temperature-controlled container firm CSafe Global has appointed Venu Vinjamaram into the role of senior vice president of technology and innovation, as it looks to digitise its operations.Vinjamaram joins CSafe Global after having worked at AmerisourceBergen, where he held several technical and executive roles. Most recently at AmerisourceBergen, he provided technology ...