All News articles – Page 451
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News
CEVA expects revenues to increase but profits to be hit by one-off costs
CEVA Logistics is expecting to see an improvement in its annual revenues, but operating profits are set to have declined due to one-time events.The company said it expects revenues for 2018 to have increased by 5.2% year on year to $7.4bn, while earnings before interest, tax, depreciation and amortisation (ebitda) ...
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Egyptair takes re-delivery of second A330-200P2F
Egyptair Cargo has taken delivery of its second passenger-to-freighter converted Airbus A330P2F.The Middle East carrier ordered three A330-200P2Fs from German-based passenger to freighter conversion specialist EFW.The 13-year-old aircraft was converted by EFW during the second half of 2018. Ground tests and acceptance procedures were completed at the end of January ...
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DDC tests out new e-commerce drone
Drone Delivery Canada (DDC) has commenced testing its newest cargo delivery drone, 'The Falcon' with a lifting capability of 22kg of payload and a travel range of 60km.The Falcon has been in development for almost a year and has received approvals from Transport Canada to commence testing within Southern Ontario.DDC ...
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Turkish Cargo to start operations at Istanbul Airport in March
Turkish Cargo has confirmed that it will begin offering services from Istanbul Airport from its opening on March 2.From that date, the airline will cut its passenger services over to the new hub while freighter flights will continue at Ataturk Airport until later in the year."Following the commissioning of the ...
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WiseTech Global continues expansion with Systema acquisition
Logistics software firm WiseTech Global has continued its expansion with the the acquisition of Systema, a customs management solutions provider in Norway.Headquartered in Oslo, Systema offers customs and logistics management solutions from its coresoftware platform SYSPED to customers in Norway, Denmark and Sweden.Customers include Dachser, DHL, DSV, Norsk Trailer Express, ...
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Perishables and e-commerce boost Anchorage cargo volumes in 2018
A boom in e-commerce and perishables traffic helped Ted Stevens Anchorage International Airport record a 2.5% rise in 2018 airfreight volumes to 2.8m tonnes.Management at the world’s fifth busiest air cargo hub said that Anchorage is "strategically located between the world’s two largest economies which happen to be the two ...
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Pharma and horses perform well for LuxairCargo
Pharma shipments at Luxembourg Airport surged by 22% in 2018 to reach 36,830 tons, although overall cargo tonnages at the European hub edged ahead by just 2% to 957,000 tons, all handled by LuxairCargo.The airport, home hub for freighter operator Cargolux, handled 2,524 horses last year, an increase of 58% ...
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Airfreight rates see growth narrow in December
The latest figures from consultant Drewry show that airfreight rate growth narrowed as 2018 drew to a close.The consultant's Sea and Air Shipper Insight report shows that average freight rates on major east-west lanes increased by 2% year on year in December.Compared with November, there was a 3.5% decline, which ...
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UPS revenues up but profits down in Q4
UPS saw revenues increase during the fourth quarter on the back of "record shipments" but its profits took a hit as a result of pension charges.The express giant saw fourth-quarter revenues increase by 4.6% year on year to $19.8bn, but operating profits were down 2.9% on last year to $2bn ...
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AF-KLM recertification for CEIV Pharma
Air France KLM Martinair Cargo has become the first major airline group to pass the IATA CEIV Pharma re-certification process for its hub operations in Amsterdam and Paris, as well as the Air France and KLM airline processes.Marcel de Nooijer, executive vice president of Air France KLM Martinair (AF-KLMP) Cargo, ...
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Swissport extends HNA loan as first half 2018 cargo revenues rise 7.3%
Swissport has again extended the collection date on the €286m balance of a loan to parent company HNA Group, while the Chinese conglomerate “concludes its assessment of strategic options” for its ground handler. subsidiary.News of the extension came as Swissport reported a 4.1% rise in group revenues to €1.43bn for ...
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Freighter losses pull down cargo traffic at Schiphol
Schiphol Airport saw total cargo volumes decrease by 2.5% year on year to 1.7m tonnes in 2018 as a result of a decline in freighter flights.Europe's number three airport saw full freighter movements decrease by 10.4% during the year to 15,942 as slot restrictions resulted in all-cargo carriers utilising nearby ...
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Irish sandwich maker to airfreight rocket and spinach in a no-deal Brexit
Shippers are continuing to make plans to utilise airfreight in case the UK leaves the European Union in March without a trade deal in place.Speaking to reporters after the company’s annual general meeting, Irish food firm Greencore's chief executive Patrick Coveney confirmed that it had made plans to airlift ingredients ...
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Cathay confident on e-commerce and economic trends
Cathay Pacific Cargo expects a quarter of all global retail sales to be from e-commerce "within the next few years" and remains “confident” about the medium and long term world economic trends.Ronald Lam, the Hong Kong-based airline’s director, commercial and cargo, made his comments on e-commerce, economic trends, specialist products ...
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Volga-Dnepr carries satellites for affordable internet project
Volga-Dnepr Airlines has successfully completed the first delivery of satellites for the OneWeb constellation project that aims to provide affordable internet access across the globe.In cooperation with Volga-Dnepr’s partner, Bolloré Logistics, one of the airline’s An-124-100 freighters delivered six satellites from their manufacturing facility in Toulouse, France, to Cayenne in ...
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Cargolux horse sense sees record equine numbers
Cargolux Airlines International handled a record number of live animal moves in 2018, resulting in a 15.7% increase in its CV alive solution, the company’s specialised product designed for the transport of live animals.The number of equines handled by Cargolux between 2017 and 2018 surged by 30%, from 2,000 to ...
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DHL launches medical express service for Brazil-US pharma products
DHL Express has launched the DHL Medical Express Service (WMX) between Brazil and the US for the pharmaceutical and clinical research sector.DHL said that WMX, piloted in Brazil since November 2018, “addresses increased customer demand for faster and more predictable lead times, given the regulatory complexities that can delay exports”.The ...
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GEFCO adds new time critical control centre
GEFCO has launched a Mission Control Centre (MCC) in Amsterdam to manage global Time Critical Solutions. The MCC will monitor all time-critical shipments booked on its IT system and act as a single point of contact for global customers to provide real-time monitoring updates on their worldwide emergency shipments.GEFCO Freight ...
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Japanese investors sign up for Cargolux B747-400 freighter lease
Cargolux Airlines International has closed its first Japanese operating lease with call option (JOLCO) transaction for a Boeing 747-400 freighter aircraft.The transaction is the first of its kind for Cargolux on the selective Japanese market.A JOLCO allows a lessee to exercise a purchase option for the aircraft at the end ...
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LATAM to open new cool facility at Guarulhos
LATAM Cargo Brazil has started the construction of a cooler facility at Guarulhos (Brazil) to offer more capacity for “the increasing perishable volumes being exported from Latin America”.The new centre, due to ready in time for the 2019 peak season, will measure 1,600 sq m, of which 50% of the ...