All News articles – Page 493
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News
E-commerce and freight forwarding boost for DP DHL's second quarter
Deutsche Post DHL Group's (DP DHLG) revenue rose by 1.4% to more than €15bn in the second quarter of 2018, driven primarily by “significant gains” at DHL Express and Global Forwarding, Freight.The quarter's operating profit (EBIT) at the German logistics giant amounted to €747m, down by 11.2% against the record ...
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Anchorage first half airport volumes on top of the world
Alaska's Ted Stevens Anchorage International Airport (ANC) reported a 5.2% rise in first half 2018 cargo volumes to more than 1.34m tonnes."Anchorage Airport’s strategic location gives air cargo operators the ability to fly fully-loaded aircraft between Asia, the US, Europe, and Latin America," said Jim Szczesniak, airport manager at the ...
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Freighter lessor ATSG's revenues on the rise
US freighter lessor Air Transport Services Group (ATSG) reported 2018 second quarter revenues of $203.6m, an increase of 6% after excluding $61.1m in reimbursed expenses from 2Q 2017.Adjusted EBITDA from continuing operations was $69.7m, up 9%.Joe Hete, president and chief executive of ATSG, said: "Growth in our aircraft leasing and ...
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Fraport sells its 30% stake in Hannover Airport
Frankfurt Airport Services Worldwide (Fraport) is to sell its entire 30% stake in niche German hub Hannover airport to iCON Flughafen (iCON) for €109.2m.In 2017, the northern German airport handled 16,861 tonnes of cargo, down from just under 19,000 tonnes the year before.Flughafen Hannover-Langenhagen (FHLG) is the operating company at ...
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Hactl boosts green efforts with special event
Ground handler Hong Kong Air Cargo Terminals Limited (Hactl) has marked the latest phase in its long-running “Green Terminal” environmental programme, with an event entitled 'Don’t Wait Act Now' that included a show of upcycled fashion modelled by Hactl staff.The Don’t Wait Act Now event is designed to instill a ...
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US pilot unions team up to oppose single-pilot freighter study
Unions representing the pilots of nearly 50 commercial airlines have teamed up to oppose a study that would research and develop a programme to support single-pilot freighter aircraft.The alliance, which was announced at the recent Air Safety Forum, contains the Air Line Pilots Association, Int’l (ALPA), the Allied Pilots Association ...
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DHL and United Nations step up disaster response training
Deutsche Post DHL (DP DHL) and the United Nations Development Programme (UNDP) are stepping up their training programme for disaster preparedness training for Indian airports.The two organisations are expanding Get Airports Ready for Disaster (GARD) programme with officials and experts from the Airports Authority of India (AAI).This programme will include ...
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NewsDHL's bear necessities are Grrrrreat
Four of Japan’s Ussuri brown bears – Riku, Kai, Hanako and Amu – have safely migrated to their new sanctuary in the UK’s Yorkshire Wildlife Park, transported during a 9,000 km journey by DHL Global Forwarding.Relocating from the Japanese island of Hokkaido, the bears’ voyage saw them travel via special ...
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First A330-200 freighter conversion delivered to Egyptair Cargo
Egyptair Cargo has taken delivery of an Airbus A330-200 Passenger-to-Freighter (P2F) converted aircraft from Elbe Flugzeugwerke (EFW).The delivery comes following the successful completion of test flights in June and awarding of the Supplemental Type Certificates (STCs) by the European Aviation Safety Agency (EASA) and Egyptian Civil Aviation Authority (ECAA) in ...
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CEVA completes $1.4bn refinancing
CEVA Logistics has completed a comprehensive refinancing package, totaling $1.4bn.The company raised €300m of 5.25% senior secured notes due 2025, a $475m secured term loan B due 2025 and a $585m senior revolving credit and ancillary facility due 2023.The Switzerland-listed logistics company said that it has "achieved attractive terms and ...
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Brexit: Keep the planes flying and the trucks rolling, says FTA
UK Logistics professionals have warned the government’s Brexit negotiators to prioritise the negotiation of aviation and road access agreements with the European Union (EU) as the clock keeps ticking on Britain's departure from the EU.The FTA membership association, representing more than 17,000 UK logistics businesses, issued its supply chain warning, ...
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NewsIAG cargo revenues climb in Q2 despite traffic decline
IAG Cargo saw revenues climb during the second quarter despite a decline in traffic during the period.The airline group saw total second-quarter cargo revenues increase by 3.7% year on year to reach €281m, while traffic declined by 0.3% to 1.4bn cargo tonne kms (CTK).Cargo volumes were flat at 173,000 tonnes ...
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City Union Logistics moves transformers with nine charters
City Union Logistics has transported transformers weighing 900 tons in nine freighter charters for General Electric from Changzhou, China, to Cairo in Egypt.The XLProjects member chartered four Antonov AN-124 flights and five with a Boeing 747F to move the 2,000 cu m load.Said a spokesperson for XLProjects: "The project’s main ...
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Kuehne+Nagel makes another perishables acquisition
Kuehne + Nagel (K+N) has completed the acquisition of the perishables business of Panatlantic Logistics, Ecuador.K+N said the acquisition will enable it to strengthen its position in the export market to the US, Europe and the Asia-Pacific region.Yngve Ruud, member of the Managing Board of K+N International, responsible for airfreight, ...
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Delta Cargo expands online portal functionality
Delta Cargo has expanded the functionality of its booking portal to cover all the different products it offers.The airline said that the expansion means that the full Delta product portfolio, including pharma, are now available on the platform while users will also now be able to track cargo by location, ...
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Atlas Air reports strong second quarter despite loss
Atlas Air Worldwide Holdings has announced "strong second-quarter" 2018 business growth on the back of increased demand despite recording a loss for the period.The aircraft lessor saw revenues for the period increase 15.8% year on year to $666.1m, while it registered a loss from continuing operations before taxes of $21.1m ...
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NewsSchiphol sees cargo demand slide in H1 as slot limit takes its toll
Schiphol Airport saw its cargo volumes decline by 2.6% in the first half of the year as a result of fewer freighter services.The airport handled a total of 844,317 tonnes of cargo during the first six months of 2018, compared with 866,971 tonnes during the same period in 2017.Belly cargo ...
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West appointed managing director at Elite Global Logistics Network
Independent freight forwarding group WCA has appointed Matthew West, its director of North America, as the managing director at Elite Global Logistics Network (EGLN) which merged with WCA in October of 2017.“Appointing Matthew to managing director was a no-brainer,” said Roy Stapleton, president and founder of EGLN - which celebrated ...
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NewsABC Jumbo gives his giraffe friends a lift to China
AirBridgeCargo Airlines (ABC) flew 66 baby giraffes on a charter flight from South Africa to China, via the Russian cargo carrier's Moscow Sheremetyevo hub.The 'tower' of giraffes, collectively weighing around 38 tonnes, travelled on an ABC Boeing 747 freighter (pictured below) at the end of July from South Africa’s O.R. ...
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Hactl's Wilson Kwong: Recognising the power of people
The people side of the air cargo industry is one that is often overlooked, but the subject is growing in importance as reports suggest that the sector could be facing a shortage of workers.One company that says it has always taken employee engagement seriously is Hong Kong Air Cargo Terminals ...