All News articles – Page 277
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News
Japan Post's sale of Toll Global Express 'painful'
Japan Post Holdings is expected to sell Toll Global Express at a loss as it looks to offload the troubled business.Earlier this week, Toll Group announced that it had entered into an agreement for the sale of its Global Express business to Australian private equity fund manager Allegro Funds.The Global ...
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Kenya Airways partners with Congo Airways on excess cargo capacity
Kenya Airways has entered into a two-year agreement with Congo Airways that will see them sharing excess cargo capacity.Kenya Airways chief executive Allan Kilavuka and Congo Airways' director general Desire Balazire Bantu signed a Memorandum of Understanding (MoU) yesterday, withessed by Kenyan president Uhuru Kenyatta and his Congolese host Felix ...
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NewsHong Kong loses cargo hub top spot to Memphis
The world's largest cargo hubs saw demand increase last year despite the Covid outbreak, while US express hub Memphis surpassed Hong Kong to become the world's largest cargo hub (full charts below).Preliminary statistics from Airports Council International (ACI) show the the top ten air cargo hubs in 2020 saw volumes ...
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ACL Airshop targets growth as acquisition by Alinda completes
Unit load device (ULD) company ACL Airshop has been acquired by infrastructure fund manager Alinda Capital Partners.ACL Airshop said the deal completed this month and details of the transaction were not disclosed.According to Steve Townes, president and chief executive at ACL Airshop, the acquisition will be of value to ACL ...
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NewsWFS receives GDP certification in Madrid and Barcelona
Ground handler Worldwide Flight Services (WFS) has received Good Distribution Practice (GDP) certification for its pharma operations at its Madrid and Barcelona hubs.The company has already been GDP-certified at 14 of its pharma facilities, including Cape Town, Copenhagen, Cork, Dublin, Johannesburg, London and Paris CDG. Other stations with GDP certification ...
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NewsAirBridgeCargo moves exhibits for Hong Kong exhibition
AirBridgeCargo Airlines (АВС) has collaborated with ART-Сourier to transport more than 200 museum exhibits on a scheduled flight from Moscow to Hong Kong.The freighter operator carried the exhibits, which were packaged inside wooden climate-controlled crates equipped with shock sensors, on one of its Boeing 747-8 freighter aircraft.The goods, which originated ...
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Indian carrier IndiGo plans to add freighters
Low-cost carrier IndiGo has revealed plans to bolster its cargo business through the addition of converted freighters.The airline said it is in the process of sourcing four A321ceo aircraft, each of which will be converted from passenger jets to a full freighter configuration.A Letter of Intent has been signed with ...
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NewsConsol Alliance expands UK-Australia services on rising demand
Consol Alliance, Alana RaittAustralian airfreight consolidator Consol Alliance has increased its services from the UK to four Australian Airports in response to rising e-commerce demand.The consolidator now offers services to Melbourne, Sydney, Perth and Brisbane a total of 20 times weekly, using a transhipment routing.The company said that a steady ...
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NewsCEVA secures air cargo capacity with own-controlled network
Image: CEVACEVA Logistics has launched its own-controlled airfreight network as it looks to counter market volatility.The forwarder said that it has purchased recurring capacity on key routes to create a "global network of available capacity" as part of its SKYCAPACITY programme.The network covers destinations to and from North and South ...
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NewsAnother firm signs up to AF KLM's sustainable fuel service
Martijn van de Waarsenburg - Corporate Manager Supply Chain at Koppert Biological Systems, GertJan Roelands – SVP Sales & Distribution AFKLMP Cargo and René Koppert – Director Koppert Biological SystemsKoppert Biological Systems is the latest company to sign up for Air France KLM Martinair Cargo's (AFKLMP Cargo) sustainable aviation fuel ...
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Virgin Atlantic continues to expand short-haul cargo network
Virgin Atlantic, which traditionally operates long-haul flights, is continuing to expand its all-cargo short haul network in response to demand.The carrier yesterday announced that from April 25 it would begin flying a twice-weekly service between Frankfurt and its London Heathrow hub.The carrier said the flights would utilise 55 tonne capacity ...
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NewsAntonov Airlines carries out AN-124 mining equipment flight
Antonov Airlines has transported fourteen pieces of mining equipment, weighing 216 tonnes in total, on two AN-124-100 flights from Istanbul, Turkey to Ouagadougou, Burkina Faso and Monrovia, Liberia.“These two flights from Turkey to Africa were meticulously planned and both flights were completed with maximum payloads on each route,” said Eugene ...
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NewsAir Cargo Belgium marks fifth anniversary
Launch of Air Cargo Belgium in 2016Air Cargo Belgium (ACB), a key member of Brussels Airport's cargo community BruCargo, is celebrating its five-year anniversary.The company was established on April 21, 2016, after extensive discussions between Brussels Airport; BAFI; ACMAB; Voka; CTC; Aviapartner; Swissport and WFS.ACB initally was comprised of seven ...
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B&H Worldwide expands in Singapore
Aerospace logistics firm B&H Worldwide has doubled the size of its operation in Singapore to meet rising demand.The new 28,000 sq ft facility is located adjacent to its existing operation within the ALPS Free Trade Zone at Changi Airport.B&H said the new unit will enable it to continue serving customers ...
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NewsParcel firm DPD targets e-commerce with Asia-Europe cargo flights
The Lenton Group, a subsidiary of France-based parcels giant DPD, has signed a deal with Hainan Airways on twice-weekly PAX-cargo flights from China to Europe.The one year-agreement is already underway with the round-trip flights utilising 72-ton capacity Boeing 787 Dreamliner aircraft between Haikou in China and Paris.DPD said the flights ...
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NewsHavaş and Qatar Airways extend contract in Turkey
Turkish ground handler Havaş, a subsidiary of TAV Airports and a member of Groupe ADP, has renewed its contract with Qatar Airways at several airports in Turkey.The contract — which is in effect until 2025 — will see Havaş providing cargo and warehousing services for the carrier at Istanbul, Ankara, ...
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Airfreight rates predicted to remain 'strong' in the long term
Airfreight rates are expected to remain at an elevated level in the long term while freighters are expected to gain market share, according to a new whitepaper from Transport Intelligence (Ti).The whitepaper predicts that there is a high likelyhood of structural change in the airfreight market as a result of ...
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NewsCargo theft remains high in 2020 despite lockdowns
TAPA EMEA - 2020 cargo theft dataThe Europe, Middle East and Africa (EMEA) region saw cargo crime continue at a high rate last year despite Covid lockdowns limiting the movement of people.Figures from the Transported Asset Protection Association’s (TAPA) Cargo Theft Annual Report shows that 6,463 cargo thefts were reported ...
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Turkish Cargo partners with WebCargo as booking portal demand ramps up
Turkish Cargo will join an online booking portal for the first time after partnering with WebCargo, which has reported a rapid rise in the amount of capacity listed on the portal over the last year.The two partners said that Turkish Cargo will soon provide forwarders with the ability to conduct ...
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Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...