All News articles – Page 363
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NewsBreaking news: IATA postpones World Cargo Symposium
IATA has postponed this year's World Cargo Symposium as a result of coronavirus-related cancellations.The three-day event has become the largest annual event in the air cargo calendar, attracting more than 1,000 attendees and 40 exhibitors.The show had been due to take place next week in Istanbul, but the airline association ...
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IATA calls for suspension of airport slot rules
IATA has called for airport slot rules to be suspended immediately and for the 2020 season in response to the coronavirus.The airline group said that it is contacting aviation regulators worldwide to request suspension of rules governing use of airport slots.At present, the rules for slot allocation mean that airlines ...
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Former Atlas CEO Flynn scoops Amtrak top job
Former chief executive of Atlas Air Worldwide Bill Flynn has landed the top job at North American rail firm Amtrak.Flynn will take over as chief executive and president on April 15, succeeding former Delta Air Lines chief executive Richard Anderson, who joined Amtrak in July 2017 on a three-year contract.Flynn ...
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Allied Air signs up for four B737 conversions
African freighter operator Allied Air has signed up for four B737-800 conversions to be carried out by Aeronautical Engineers Inc (AEI).The agreement calls for two firm orders with an additional two options.The first aircraft (MSN 36746) will commence modification in mid-March 2020 and all touch labour will be performed by ...
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Fraport announces cost-reduction measures in response to coronavirus
Frankfurt Airport operator Fraport has announced new cost-reduction measures in response to the impact of the coronavirus.Cost-saving measures include: reduced administrative and operating costs where possible, individual assessments for new recruits, and staff being offered unpaid holiday and part-time shifts where possible.In a statement, Fraport explained: "All major costs are ...
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WorldACD: January figures reflect impact of Chinese New Year
WorldACD has confirmed expectations "that the year on year figures for January would be negative".In its latest report, the analyst notes that chargeable air cargo weight dipped by 5.8% in January year on year and it suggests that the timing of Chinese New Year, which took place at the end ...
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Air Cargo Global clarifies service suspension reports
Freighter operator Air Cargo Global (ACG) has dismissed reports that it has ceased operations.In a statement, the Bratislava-headquartered charter airline said that for various reasons the decision has been made to restructure the organisation, including the closure of its office in Frankfurt.However, it added that it has no intention of ...
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DP DHL takes a €70m hit from the coronavirus
Deutsche Post DHL took a €70m hit on its operating profits in February as a result of the coronavirus.The express, parcel and logistics giant said that it had a very good start to the year in January and was prepared for the usual effects around Chinese New Year.However, since then, ...
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IAG Cargo: Decline in revenues reflects market conditions
IAG Cargo has reported a 7.2% year-on-year decrease in revenues in its full-year results for 2019.From January 1 to December 31 last year, the carrier listed revenues of €1,117 m.IAG Cargo also reported a 2.4% decrease in volumes and a 1% increase in capacity. Meanwhile, the company's yield last year ...
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Etihad Cargo partners with ECS Group subsidiaries as part of strategised commercial transformation
Etihad Cargo has entered into cargo service provider (CSP) agreements with ECS Group subsidiaries.As part of one of the agreements, Globe Air will provide Etihad Cargo with "customer services, reservations, post-flight support, operations support, accounting and billing support services" at Etihad Cargo's hubs in the US, UK, Germany, Netherlands, Singapore, ...
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NewsDrewry Index: Dip in rates reflects impact of coronavirus
Airfreight rates continued to slide in January, declining 5% from December and 11% from a year earlier.The latest Drewry East-West Airfreight Price Index report shows that prices dipped $0.16 in January 2020 to $2.59 per kg, down from $2.74 in December. The January 2020 rate compares with $2.91 per kg ...
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NewsAgility names new chief executive for logistics division
Global logistics provider Agility today announced its new chief executive of global integrated logistics (GIL) business: Chris Price (pictured), effective from May 1.Price, who has worked at Agility for thirty six years – in roles including chief executive Netherlands, chief executive for the UK and Ireland, and chief executive for ...
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Heathrow third-runway plans hit by court ruling
The UK’s court of appeal has today ruled that plans for a third runway at London Heathrow airport are unlawful because they do not take into account government commitments relating to climate change.”We have concluded, in particular, that the designation of the [plans] was unlawful by reason of a failure ...
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CargoLogicAir confirms suspension of services as China crisis takes its toll
UK freighter operator CargoLogicAir (CLA) has confirmed to Air Cargo News that it has suspended operations as its exposure to China took its toll.In a short statement, the B747 operator – and the UK's only maindeck freighter operator – said that "due to the latest market development, specifically the drastic ...
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NewsB&H Worldwide expands Melbourne facility
Specialist aerospace logistics provider B&H Worldwide, has expanded its warehouse and offices in Melbourne, Australia to cater for growing demand from its Oceania customers.Colin Kattner, head of operations, Oceania, said the specialist teams at the facility will now be able store, handle and process an ever-expanding number of customers' aerospace ...
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Kuehne + Nagel highlights "stable" 2019 airfreight results
Kuehne + Nagel (K+N) has released its full-year results for 2019.The Group overall saw its net turnover increase by 1.5% to CHF21.1bn in 2019. The business grew its gross profit by 3.5% from CHF7.7bn in 2018 to CHF8bn in 2019.Meanwhile, earnings before interest and tax (ebit) increased by 7.5% to ...
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NewsDavies Turner goes electric for greener forklifts
UK freight forwarder Davies Turner has powered up with Doosan electric forklift trucks, a greener replacement in the warehouse for the existing diesel fleet.Davies Turner, with 23 UK branches and more than 1.6m sq ft of warehousing space nationwide, handles around 2,000 tonnes a month at its 24/7 operation Heathrow ...
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KLM urges staff to cut costs as coronavirus effect hits business
KLM has announced budget cuts in response to a slowdown in business resulting from the coronavirus outbreak, according to a report in Reuters.KLM, part of the Air France KLM Group, will cut back on hiring new staff and external consultants, delay new IT projects and office refurbishment plans and reduce ...
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NewsAll Swissport warehouses to install ULD tracking
Swissport plans to equip all of its warehouses with Unilode and Descartes Bluetooth technology by the end of the year. The readers in the 115 warehouses will track and monitor digitally-tagged unit load devices (ULD) to increase transparency for customers.Hendrik Leyssens, Swissport’s vice president global operations-cargo, says geolocation of ULD ...
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NewsCall for pharma packaging to improve volumetric efficiency
Dominic HydeThe pharmaceutical industry needs to face up to the potential challenge of falling airfreight capacity and higher rates, says Dominic Hyde, vice president of Crēdo on Demand at Peli BioThermal."We can’t ignore the effect that climate change activist Greta Thunberg is having on air travel, which runs on fossil ...