All News articles – Page 444
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News
Perishables, pharma and high-tech mitigate January drop in total air cargo volume
January 2019 another volume drop in total chargeable air cargo weight, this time of 2% year on year (YoY), coupled with a dollar yield drop of 2.5%, confirming a trend seen over a number of months said market analyst WorldACD in its latest report.The smaller regions of Africa and Central ...
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Thinking outside the container: Dominic Hyde
Dominic Hyde is making waves at Peli BioThermal, bringing a fresh approach to pharmaceutical transportation which is increasing revenue and driving down costsIn the year since Dominic Hyde joined Peli BioThermal as vice president of its pharma container rental scheme, Crēdo on Demand, he has overseen significant developments including the ...
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NewsEthiopian Cargo takes delivery of its first B737 freighter
Ethiopian Cargo B737-800 freighterAfrica's Ethiopian Cargo has taken delivery of its first B737-800 freighter, with a payload capacity of more than 23 tonnes.GECAS delivered Aeronautical Engineers Inc (AEI)’s inaugural passenger-to-freighter converted B737-800 to the national flag carrier of Ethiopia.Completing the conversion of the prototype aircraft in December, and AEI) has ...
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Here comes summer: Lufthansa Cargo boosts freighter network and capacity
Lufthansa Cargo will add freighter connections and increase the cargo capacity on its global network by 10% when the 2019 summer schedule comes into effect on March 31.The new schedule incorporates the capacity of two recently delivered Boeing 777Fs to Lufthansa Cargo and AeroLogic, the joint venture with DHL. Said ...
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News
Pohl heads Dachser Malaysia
German logistics company Dachser has appointed Daniel Pohl as managing director of Dachser Malaysia.Pohl, who comes from a German-Indonesian family and lived in China for 23 years, brings international expertise to the Dachser country organisation.He reports to Christophe Vincent, managing director air and sea logistics Thailand, Singapore, Vietnam and Malaysia ...
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Peli BioThermal opens Dublin network station
Peli BioThermal, the temperature controlled packaging company, has opened a new network station and service centre in Dublin.The Irish facility will service, refurbish, repair and condition the company's reusable Crēdo on Demand containers.The new centre is located in Harristown, next to Dublin Airport, and will serve the growing pharma industry ...
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CargoLogicAir to boost UK flights as no-deal Brexit looms
UK registered freighter airline CargoLogicAir (CLA) is escalating its flight schedule from March 15 as the Stansted-based carrier prepares for a no-deal Brexit when the UK leaves the European Union.CLA chief executive David Kerr confirmed that the B747F operator would increase its current twice weekly flight schedule ex-Stansted to 12 ...
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NewsAsia-Pacific and Middle East airports see cargo declines in December
Source: ACIAsian-Pacific airports saw a 2.5% decline in airfreight volumes during December 2018 while Middle East airports registered a 0.9% fall.Airports Council International (ACI) Asia-Pacific, posting its 2018 year end and full year traffic analysis, said that the December decreases were due to a “weakened global economy, reduction in exports ...
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Air France-KLM board to "closely monitor" the Dutch government's increased shareholding
Air France-KLM Group's board will “closely monitor” the surprise move by the Netherlands government to more than double its stake in the Franco-Dutch airline to 12.68%.In a shares swoop valued at an estimated €700m, the Dutch state increased its original 5.8% stake without any consultation with either the airline board ...
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NewsCAL nets another Oslo freighter call
CAL Cargo is adding a second weekly rotation to its Oslo freighter service on the back of demand for Norwegian seafood in Israel.The extra Liege-Oslo-Tel Aviv B747F frequency will start on March 1 and follows on from the launch of services to the Nordic hub in 2017. From Liege, CAL ...
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Singapore airfreight down in January
Singapore's Changi Airport saw airfreight throughput decline for the second month in a row, with January's volumes falling 2.4% to 171,000 tonnes.January's decline follows a fall of 3.8% in December 2018 to 182,000 tonnes, versus the same month in 2017.In full year 2018, Changi saw airfreight throughput increase by 1.4% ...
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ATSG looks to its strengthened platform following Amazon extension and Omni deal
Aircraft lessor ATSG saw adjusted revenues and earnings for the year increase by more than 20% in the final quarter of the year.The Wilmington-based firm reported a 27% increase in adjusted fourth-quarter revenues to $280.8m, while adjusted earnings from continuing operations were up 23% to $24.1m.ATSG president and chief executive ...
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Cathay keeping its eye on growth after a soft start to 2019
Cathay Pacific Cargo saw a softer start to 2019 after a record-breaking 2018 but is seeing market demand "picking up gradually" after the Chinese New Year.Frank Yau, head of cargo sales at the Hong Kong-based carrier, writing in the Cargo Clan magazine, also announced the introduction from March of "a ...
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NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
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IAG Cargo revenue rise in 2018 but a challenging year ahead
IAG Cargo reported full year 2018 commercial revenues of just under €1.2bn, an increase of 7.2% on 2017 at constant currency, and said that 2019 looks set to be “a more challenging year”, with airfreight capacity growth outpacing demand increases.Overall yield for the year was up 8.1% at constant currency. ...
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Edelweiss partnership with Swiss WorldCargo continues to flourish
Swiss airline Edelweiss and sister company Swiss WorldCargo have agreed to continue their partnership.The agreement, effective since the beginning of 2019, will see Swiss WorldCargo continue to market and sell Edelweiss freight capacity.Swiss WorldCargo will maintain responsibility for managing the belly cargo on the entire fleet of Edelweiss and sister ...
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Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
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Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
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NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
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NewsSorted: DHL Express expands Madrid hub with €93m investment
DHL Express has opened a new facility at Madrid’s Barajas Adolfo Suarez Airport to strengthen the Spanish hub’s importance for international commerce, especially between Europe and Latin America.The 14,500 sq m building, including offices, will quadruple DHL Express’ capacity in Madrid with “high-quality infrastructure and the newest technologies,” enabling 24,500 ...