All News articles – Page 470
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News
DHL Express launches Vancouver-Cincinnati freighter as e-commerce booms
DHL Express has launched a direct flight from Vancouver to Cincinnati in order to serve an "unparalleled growth" in e-commerce.The direct flight from Vancouver International Airport into Cincinnati/Northern Kentucky International Airport, the DHL Express Americas hub, comes as a result of "double-digit shipment growth" into Vancouver generated from growing international ...
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Virgin Atlantic at the double for South Africa cargo capacity
Virgin Atlantic Cargo can now offer a second daily service connecting London Heathrow and Johannesburg, using bellyhold capacity on a Boeing 787-9 passenger service.The launch also gives "a welcome boost" to Virgin Atlantic customers in the US, who now have access to additional cargo capacity to South Africa over London.A ...
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ATSG Q3 revenues on the rise and expects a 'good' peak season
US freighter lessor Air Transport Services Group (ATSG) saw 2018 third quarter revenues increase 13% to $204.9m and expects “a good peak season” for air cargo.ATSG, which provides Boeing 767 freighter uplift for Amazon’s US domestic overnight parcel network, saw adjusted EBITDA up 13 percent to $74.3m.Joe Hete, ATSG president ...
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Air Namibia appoints Strike Aviation as GSSA for daily Frankfurt flight
Namibian flag carrier Air Namibia has appointed Strike Aviation Group in Germany as the cargo GSSA for its daily Frankfurt–Windhoek flight.Currently, Air Namibia operates an Airbus A330-200 on the route, with a capacity of 12 tonnes.Frank Ziesemer, president of Strike Aviation in Germany, commented: “We are very proud to become ...
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Saudia Cargo supports wrestling tournament
Saudia Cargo has transported 100 tons of equipment and supplies to Riyadh ahead of the World Wrestling Entertainment (WWE) ‘Crown Jewel’ tournament.A Boeing 747-8 carried equipment, machinery, sound and lighting systems, and other supplies from Maastricht to the Saudi capital in mid-October.Earlier this year, in April, the carrier moved WWE ...
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Volga-Dnepr helps Air Caraïbes get back in the skies
Russian cargo carrier Volga-Dnepr Airlines has used one of its Ilyushin 7TD-90VD freighters to move an urgently needed aero engine for Air Caraïbes.Volga-Dnepr’s aircraft on ground (AOG) team organised delivery of the 3 metre-wide, 8-tonne replacement engine to Paris Orly Airport. From there it was flown to Lajes Airport on ...
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Singapore Airlines to add fifth US destination in 2019
Singapore Airlines will begin non-stop flights to Seattle in September 2019, bringing the total number of US destinations in its network to five, including the Los Angeles service that will commence this week.The Seattle service will operate three times a week at first, increasing to four times weekly in October ...
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Drewry: east-west airfreight rates on the up
Drewry’s east-west airfreight price index for September 2018 stood at 95.4, an increase compared to August (when it reached 87.6) as well as a year-on-year climb (from 88.5).The average rate expressed in US dollars/kg rose by 9% from the previous month, gaining 24 cents to reach $2.81 per kg in ...
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e-AWB set to become default contract in 2019 on enabled trade lanes
IATA has confirmed that the electronic air waybill (e-AWB) will become the default contract of carriage for all air cargo shipments on enabled trade lanes, effective January 1, 2019.The association said: “This key industry milestone ushers air cargo into a new era where digital processes will be the norm and ...
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Turkish Cargo switches hubs in Brazil from Sao Paulo to Viracopos
Turkish Cargo has announced a change in its Brazilian operations, moving from Sao Paulo’s Guarulhos International Airport to the Viracopos gateway about 100km away.The Istanbul-based carrier said: “Having a strong cargo traffic of perishable goods with Europe and textile products with Asia and the Middle East, Sao Paulo has become ...
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ABC joins International Airlines Technical Pool
Freighter operator AirBridgeCargo (ABC) has joined the International Airlines Technical Pool (IATP), which aims to streamline maintenance pooling activities during aircraft on ground (AOG) situations.Sergey Lazarev, general director at the Russian carrier, said: “With our vast experience in oversize cargo transportation, extensive route network and qualified team, and stocks of ...
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Air Canada Q3 revenue hits record high
Air Canada’s third-quarter results showed growth of 11% in operating revenue, which exceeded C$5bn for the first time in the carrier’s history.Operating expenses of C$4.6bn were up 17% compared to the same quarter of 2017, mainly driven by higher fuel prices and increased capacity.In terms of its cargo activities, the ...
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Atlas sees record volumes in third quarter
US-based freighter lessor Atlas Air Worldwide Holdings saw record volumes in the third-quarter driven by ongoing market strength, customer demand and the development of its core business.Volumes in the third quarter of 2018 increased 14% to 73,672 block hours, with revenue growing 23% to $656.6m.Commenting on the results, Atlas Air ...
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XPO Logistics achieves ‘robust’ growth in Q3
US-based XPO Logistics saw its third-quarter revenue increase by 11.5% over the same three months of last year, to $4.3bn.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose from $369.6m in the third quarter of 2017 to $414.9m for the same period of this year.The Connecticut-headquartered company’s logistics segment ...
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XPO names Fassler as new chief strategy officer
XPO Logistics has appointed Matthew Fassler to the post of chief strategy officer, effective November 26.Bradley Jacobs Greenwich, chairman and chief executive of Connecticut-headquartered XPO Logistics, said: "We hold Matt in high regard as an expert on market dynamics in the bricks-and-mortar retail and e-commerce sector – the fastest-growing area ...
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Chilean court approves LATAM agreements with American Airlines and IAG
A Chilean court has approved LATM Airline Group’s joint business agreements (JBAs) with American Airlines and International Airlines Group (IAG), the holding company of British Airways and Iberia.The agreements, covering both passenger and cargo activities, were first announced in 2016 and have already been approved by the regulatory bodies of ...
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Blue Dart reports Q2 profit as expansion continues
Indian express logistics services provider Blue Dart has posted $2.9m profit after tax for the quarter ended September. Revenue from operations for the quarter stood at $107.8m, it confirmed.The Mumbai-headquartered company, part of the Deutsche Post DHL Group, has been working hard to strengthen its presence across India. Earlier this ...
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Air France-KLM posts solid Q3 performance
Air France-KLM Group’s cargo business continued to perform solidly during the quarter ended September 30, contributing to an overall strong result for the carrier.During the three months, Air France KLM Martinair Cargo carried 289,000 tons of airfreight – up by 3.5% year on year. Traffic increased 3.7% to 2,204m revenue ...
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Airfreight volumes in first year-on-year decline since March 2016
Analyst WorldACD Market Data has reported a year-on-year decrease in global airfreight volumes of 0.9% for September – the first negative growth figure for two-and-a-half years.Airline revenues kept growing, however, thanks to a strengthening yield, although fuel costs were around 32% higher than one year ago.Given the marginal growth in ...
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Gulf Air picks Aero Cargo France for Paris relaunch
ECS Group subsidiary Aero Cargo France is to represent the cargo activities of Gulf Air in France when the carrier relaunches services to Paris Charles de Gaulle.Flights from the French capital to Gulf Air’s home hub in Bahrain will connect with services across the airline’s network. As such, Aero Cargo ...