All News articles – Page 440
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NewsAsian air cargo faces short-term turbulence
IATA World Cargo Symposium 2019The Asian air cargo industry faces turbulence over the coming months, with predictions of further demand declines.Speaking at the World Cargo Symposium, IATA chief economist Brian Pearce painted a bleak picture for air cargo in Asia over the next few months.He said the US-China trade war ...
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CMA CGM set for Ceva stake of almost 90%
According to a report by Reuters, CMA CGM now controls almost 90% of the voting rights in Ceva Logistics.This follows a public tender offer from French shipping group of SFr30 per share. Reuters said this offer values Ceva at SFr1.67bn ($1.66bn) – a price that has been agreed after a ...
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NewsDon Colleran named president and CEO of FedEx Express
Don Colleran, FedExGlobal integrator FedEx Corp has appointed Don Colleran to the role of president and chief executive of FedEx Express, effective March 16.Jill Brannon will succeed him as executive vice president and chief sales officer of FedEx Corp.Colleran’s 30-year career with FedEx includes various sales roles as well as ...
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ACS adds Shanghai office
Air Charter Service (ACS) has expanded its Asia operations with the opening of a new office in Shanghai in March.Headed up by Amos Chan, who joined ACS five years ago and previously worked for Hong Kong Air Cargo, the new Shanghai branch is the broker’s second in mainland China.According to ...
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NewsDimerco's challenging chopper logistics completed in just five days
Global forwarder Dimerco has transported two civilian helicopters from Tennessee in the US, via South Korea, to Guangdong in China.The move was completed in just five days. The oversize cargo, which comprised 12 pieces weighing over 4 tonnes, included a fuselage – categorised as Class 9 Dangerous Goods.Taipei-headquartered Dimerco was ...
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NewsKLM participates in panda project
Red pandasKLM has flown two young red pandas from Edinburgh to Amsterdam as part of a conservation project to help secure the future of the species.Pokhara and Shimla, twin brothers, travelled from their first home at the Royal Zoological Society of Scotland’s Highlands Wildlife Park in Inverness to Gaia Zoo ...
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NewsAustralia needs dedicated airfreight body, says think tank
A think tank has called on the Australian government to set up a dedicated body to measure and publish detailed analysis of the country’s airfreight sector. The move follows the release of a report by executive member network Infrastructure Partnerships Australia (IPA) and BIS Oxford Economics, which indicates that belly ...
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CCN and Microsoft launch air cargo blockchain first
Singapore’s Cargo Community Network (CCN) and Microsoft have launched the world’s first blockchain-based air cargo billing, costing and reconciliation system.Announced at the IATA World Cargo Symposium, the system was developed following a hackathon organised by CCN and Microsoft and a two-month proof-of-concept that involved partners such as Singapore Airlines, SATS, ...
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NewsCargo iQ welcomes Royal Air Maroc
From left to right: Ariaen Zimmerman, executive director, Cargo iQ; Kerstin Strauss, vice president air logistics operations, global airfreight, Kuehne + Nagel; Salim Quouninich, director cargo, Royal Air Maroc; and Henrik Ambak, vice chairman, Cargo iQRoyal Air Maroc has joined IATA’s Cargo iQ initiative, signing up during the World cargo ...
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NewsLufthansa Group: ‘another successful year’
Source: Lufthansa CargoLufthansa Group has posted a 6% year-on-year rise in total revenues for 2018.At €2.8bn, adjusted EBIT fell only slightly short of the €3bn recorded in 2017.Meanwhile, Lufthansa Cargo increased its record adjusted EBIT of 2017 by 2% to €268m.Chairman of the executive board and chief executive of Deutsche ...
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Etihad Cargo records strong performance
Abu Dhabi-based Etihad Airways has reported a loss of $1.28bn for 2018, an improvement on the $1.52bn loss it suffered the previous year.Total revenue fell from $bn to $5.9bn year on year. However, the airline said it had succeeded in improving its core operating performance by 34% – despite challenging ...
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NCA goes fully digital with iCargo
Nippon Cargo Airlines (NCA), the launch customer of IBS Software’s iCargo airline cargo management solution back in 2008, has upgraded to the latest version of the product – fully digitalising the Tokyo-based carrier’s business processes.Keita Sataka, senior executive managing director at NCA, said: “Technology today is far [more] advanced than ...
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NewsAlberto Nobis heads up DHL Express Europe
DHL has named Alberto Nobis chief executive of DHL Express Europe, confirming that he joined the DHL Express global management board on January 1.Nobis held the position of global chief financial officer at DHL Express from 2009 to 2012 before returning to his home country as chief executive DHL Express ...
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NewsCathay Pacific joins Pharma.Aero
Cathay Pacific Cargo B747FHong Kong-based Cathay Pacific has joined the cross-industry Pharma.Aero initiative, which aims to achieve excellence in the transportation and handling of pharmaceutical products.The carrier has held IATA CEIV Pharma certification since October 2017. According to Cathay Pacific general manager cargo commercial Nelson Chin: “As Hong Kong’s home ...
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NewsE-commerce: A gift from heaven for air cargo but challenges ahead
E-commerce session at WCS 2019E-commerce is a "gift from heaven" for the air cargo sector but it faces several challenges if the industry is to capitalise on the opportunity it presents, according to speakers at the World Cargo Symposium.Ludwig Hausmann, partner at McKinsey & Company, said that e-commerce had grown ...
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Dallas Fort Worth airport gains CEIV Pharma
Dallas Fort Worth airport (DFW) has been awarded IATA’s Center of Excellence for Independent Validators (CEIV) Pharma certification.The Texan hub, which handled around 911,000 tons of airfreight in 2018, is one of only two airports in North America to gain CEIV Pharma certification.The airport teamed up with four DFW community ...
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NewsQantas picks WFS for three-year handling contract in Dallas Fort Worth
Ray Jetha, Senior Vice President, Sales & Business Development at WFSWorldwide Flight Services (WFS) has expanded its ground handling services at Dallas Fort Worth (DFW) airport after winning a three-year contract from Qantas.WFS will handle some 3,400 tonnes annually for Australia’s flag carrier, which operates seven A380 passenger flights per ...
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NewsCutting the paper chain in dangerous goods declarations
L-R Simon Linder of Dakosy, Philipp Billion of Lufthansa Cargo, Vincent Koh of CAA Singapore, Emyln Arrocha of Expeditors, with panel moderator Paul Horner, DG manager at IATAElectronic-Dangerous Goods Declarations (e-DGDs) offer the prospect of shorter consignment cut-off times for shippers and of reducing the number of dangerous goods (DG) ...
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Strong cargo performance as Cathay Pacific returns to profit
Cathay Pacific saw increased capacity, yield and load factors in cargo as it benefitted from robust demand in 2018. It says the 14.7% (to HK$2.03) increase in yield compared to 2017 reflected a rise in high-value specialist cargo shipments and higher fuel surcharges.Cargo capacity of Cathay Pacific and Cathay Dragon ...
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NewsCargo iQ focuses on smaller forwarders
Ariaen Zimmerman, executive director, Cargo iQ (right) with others involved in the trialCargo IQ says its Small and Medium Enterprise (SME) Solution will provide vastly improved planning and control options to small and medium sized forwarders who work with member airlines on a small-scale or regional basis.The SME Solution, which ...