All News articles – Page 365
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News
Challenging year for Agility's logistics arm
Agility Global Integrated Logistics (GIL) saw full year 2019 revenue fall 2.5% to KD1.1bn, in what was described as “a challenging year for the freight forwarding industry as a whole”.GIL, the freight forwarding arm of the Kuwait-based Agility logistics and warehousing group, reported a full year 2019 decline versus 2018 ...
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NewsCargolux, Lufthansa and DSV Panalpina increase China freighter services
Cargolux B747-8FCargolux, Lufthansa and DSV Panalpina will increase freighter capacity to China over the coming weeks as production lines resume operations.The move comes as freighter operators brace for a spike in demand from China as a result of passenger airlines cutting services due to low demand and factories slowly starting ...
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NewsSwissport achieves CEIV pharma first for Africa
Swissport Nairobi Pharma Center openingSwissport has become the first globally operating air cargo handler to receive the CEIV Pharma certification for a facility in Africa.The International Air Transport Association (IATA) awarded Swissport’s warehouse operations at Nairobi’s Jomo Kenyatta International Airport with the pharma standard.“We are very pleased to officially open ...
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Qatar Cargo freighters join coronavirus relief efforts
Five Qatar Airways Cargo freighters departed to China today carrying approximately 300 tonnes of medical supplies donated by the airline to support coronavirus relief efforts.The five flights departed one after the other bound for Beijing, Shanghai and Guangzhou as part of Qatar Airways’ voluntary offer of free air cargo transportation ...
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Airlines' revenues set to take a $30bn hit due to coronavirus
Airline revenues could take a $29.3bn hit as a result of the coronavirus outbreak, according to IATA’s latest assessment.IATA said that the coronavirus could cause demand for air travel to fall for the first time since the global financial crisis, with operators in Asia-Pacific hardest hit.Based on a scenario where ...
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Cargojet revenues buoyed by record peak season
Cargojet recorded a 7% year-on-year increase in revenues in 2019, helped in part by a strong end to the year.The Canada-based freighter operator saw revenues for 2019 reach C$486.6m, adjust earnings before interest, tax, depreciation and amortisation (EBITDA) were up 21.9% to C$119.2m but net earnings were down 42.6% to ...
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Atlas Air parks up B747Fs as market conditions take their toll
Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft as it reports a loss for 2019.The aircraft lessor’s full-year results show a net loss of $293.1m, while revenues rose slightly to $2.7bn from $2.6bn a year earlier.The company said ...
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SF Airlines resumes European flights for coronavirus shipments
China's largest freighter operator SF Airlines has resumed flights to Frankfurt Hahn ahead of schedule in order to meet demand for medical supplies following the coronavirus outbreak.The airline said that its Wuxi-Chongqing-Hahn-Wuxi service restarted on February 14 following the extended Chinese New Year holiday break."At present, the demand for the ...
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Lufthansa Cargo partners with portal Fleet for booking and tracking
Online cargo portal Fleet will become one of the first companies to connect into Lufthansa Cargo's latest booking and Application Programming Interfaces (APIs) for booking and tracking.The Frankfurt hubbed carrier said that it would connect with Fleet through its new smartBooking API to simplify the portal's customers' ability to quote ...
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Bloomberg: HNA airline assets could be put up for sale
Reports suggest China could be about to take over troubled conglomerate HNA and sell off its airline assets.Bloomberg yesterday reported that the government of Hainan, where the company is based, is in talks to "seize control" of HNA.Quoting sources, the news wire said that the majority of airline assets would ...
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NewsAir France KLM cargo revenues take a hit in 2019
The Air France KLM group saw its cargo revenues drop last year as market overcapacity took its toll on performance.The Franco-Dutch airline group saw total cargo revenues for the year drop by 5.9% to €2.1bn on the back of a 2.3% drop in volumes to 1.1m tonnes.Its cargo load factor ...
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Pim and Barrera set to join Menzies Aviation
Menzies Aviation has made two new appointments to its US business: Edward Pim joins as chief operating officer and Raul Barrera as senior vice president, sales and operations.Both Pim and Barrera will be based in Dallas-Forth Worth and report to John Redmond, executive vice president Americas.Pim joins Menzies Aviation from ...
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NewsCSafe Global names Schafer as chief executive
Bill Mitchell (left), Chairman of PCI Pharma Services and a CSafe Global board member, congratulating Patrick Schafer, CSafe Global CEOPharma container solutions company CSafe Global has announced its new chief executive: Patrick Schafer.Schafer joined CSafe Global in 2012 as chief financial officer and he took up the role of interim ...
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US agriculture exporters hit by coronavirus related air cargo shortage
US agriculture exporters are being affected by a lack of airfreight capacity due to the coronavirus outbreak.The US Department of Agriculture said that the industry is suffering from systematic delays to shipping and air cargo as airlines cut capacity and shipping line services are disrupted by quarantine measures in certain ...
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NewsDnata joins Cargo iQ as it takes aim at performance monitoring
Ground handler dnata has joined Cargo iQ as a full member as it looks to help improve the monitoring of cargo performance across the supply chain.The Dubai-headquartered ground handler’s stations in the UK and the Netherlands were previously members on an individual basis.Cargo iQ’s membership is made up of stakeholders ...
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Qatar Airways lifts IAG stake to 25%
Qatar Airways has increased its shareholding in British Airways and Iberia parent IAG from 21.4% to 25.1%.The Doha-based carrier initially took a stake in IAG at the start of 2015, before increasing it to just over a 20% in 2016.“Our investment to date has been highly successful and the announced ...
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ANA joins the cargo.one digital booking platform
All Nippon Airways (ANA) has joined the cargo.one air cargo booking platform as it continues its digital drive.ANA said that it would benefit from gaining access to cargo.one's European customers base. Meanwhile, the move will simplify the booking process for existing customers.ANA and cargo.one started the integration of their core ...
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Turkish logistics firm Fevzi Gandur passes GDP audits
Turkey-based Fevzi Gandur Logistics has been awarded Good Distribution Practice (GDP) certification at two of its facilities.In order to achieve the certification, the company went through several audits carried out by ASB Intl Certification Surveillance, Auditing and Training Service .The certification covers Fevzi Gandur's facilities in Buyukcekmece and Istanbul airport.“The ...
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IATA and IPC team up on e-commerce shipments
IATA and the International Post Corporation (IPC) will step up their efforts to promote the development and expansion of safe, secure, accessible and high-quality airmail and air cargo services.The two organisations said they had today signed a memorandum of understanding (MoU) to reinforce their co-operation and have identified seven specific ...
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NewsFTA set to rebrand as Logistics UK
FTA CEO David WellsThe Freight Transport Association (FTA) has announced that it will change its name to Logistics UK from the end of May.The move comes as the organisation looks to achieve more for its members and change the way it is perceived by people outside the industry.FTA chief executive ...