All articles by Rebecca Jeffrey – Page 80
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News
China's first Boeing 767-300BCF aircraft is redelivered
Work on China’s first 767-300 Boeing Converted Freighter (BCF) by the Guangzhou Aircraft Maintenance Engineering Company Ltd. (GAMECO) has been completed.The first conversion line for the 767-300BCF opened at GAMECO's premises in Guangzhou in April. The second line opened in September.GAMECO also has three conversion lines for the 737-800BCF in ...
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NewsLATAM Cargo offers the Pegasus ULD for shipping perishables
Photo: Sonoco ThermoSafeLATAM Cargo has agreed a global lease deal with cool-chain packaging specialist Sonoco ThermoSafe for the use of the latter’s Pegasus temperature-controlled ULD bulk shipping container on LATAM flights.The deal will enable pharma freight forwarders to access Pegasus ULDs directly from Santiago, Chile-headquartered LATAM Cargo.The Pegasus ULD is ...
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Air France-KLM Group sees third quarter cargo revenues drop
Air France-KLM Group saw a small drop in cargo revenues in the third quarter but maintained steady cargo yields.The Group recorded total cargo revenues of €830m in the third quarter of 2022, which was a 0.6% drop from the year before.However, total cargo revenues in the third quarter of 2022 ...
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IBS celebrates 10-year collaboration with Lufthansa Cargo
This month marks 10 years of Lufthansa Cargo’s switch to software-as-a-specialist (SaaS) IBS Software’s iCargo freight management product.The partnership began when Lufthansa Cargo made the decision to replace its core IT platform – a mainframe system called Mosaik – in 2012.Moving away from Mosaik was considered a project of immense ...
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DHL report reviews an air cargo sector in flux
DHL Global Forwarding’s latest Airfreight State of the Industry report, covering this past month (October) has illuminated the vagaries of what is currently a very unstable air cargo market.The report found airfreight volumes as a whole remain somewhat suppressed, with demand continuing to remain low on most trade lanes, although ...
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Cargojet announces strong third-quarter results
Canadian cargo airline Cargojet has announced strong third quarter 2022 results.For the three months ending September 30, the airline recorded total revenues of C$232.7m (US$170.6m), significantly up on the figure of C$189.5m (US$138.9m) made in the same quarter of last year.The revenue growth of 22.8% reflected, Cargojet said, a strong ...
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News
Unipart Logistics wins Airbus logistics services deal
UK-based supply chain services provider Unipart Logistics has won a multi-year contract to provide in-plant logistics services to Airbus.The contract will become effective as of early 2023 and will see Unipart Logistics be responsible for the receipt of products brought in from around the world to Airbus’ onsite wing assembly ...
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News
IAG Cargo reports mixed results
IAG Cargo has announced mixed results as it published its third quarter and year-to-date financial figures.The airfreight carrier reported revenue of €373m in the third quarter of 2022, down 7.9% on the same period of last year.However, its year-to-date revenue (January to September) reached €1,216m, up by 3.6% compared to ...
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Vietnam’s IPP Air Cargo axes launch plans
Vietnam’s IPP Air Cargo is abandoning its launch plans, apparently due to concerns about weakening demand for air cargo and an uncertain economic outlook.According to media reports from Vietnam, the board of Imex Pan Pacific Group (IPP) – IPP Air Cargo’s parent – decided on October 26 that it would ...
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News
Corporación América Airports consortium is top bidder for Nigeria cargo concessions
A Corporación América Airports (CAA)-led consortium is the preferred bidder for the Abuja and Kano airports and cargo terminals concessions in Nigeria.The consortium formed by global airport operator CAA, Mota-Engil, Engenharia e Construção África S.A., and Mota-Engil Nigeria Limited, of which CAA will hold a 51% stake, has been declared ...
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Cargo offers ‘consistent’ contribution to Air Canada
In releasing Air Canada’s third-quarter results, the carrier’s president and chief executive, Michael Roussea, pointed to the fact that “Air Canada Cargo is consistently contributing to our results.”In the third quarter of this year, Air Canada generated C$644m ($472m) in operating income, with a strong operating margin of 12.1%.It was ...
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News
China's freighter fleet to quadruple
China’s freighter fleet is expected to quadruple in size to more than 800 aircraft in the period up to 2041, according to Boeing's 2022 Commercial Market Outlook (CMO) for China.The CMO for China predicts that the country’s growing economy will be a big factor in its commercial aircraft fleet more ...
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News
SalamAir launches freighter operations
Oman-based low-cost carrier SalamAir has launched a dedicated air cargo service and inducted its first freighter aircraft.In a LinkedIn post, the airline said it is the first airline in the Middle East to fly with the Airbus A321 passenger to freighter (P2F) conversion aircraft."The introduction of the A321 freighter by ...
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NewsHerfurth Logistics gets new Brussels Airport business base
New Herfurth Logistics building at Brussels Airport. Photo: Brussels AirpiortHerfurth Logistics and its Brucargo airfreight division has taken occupancy of a new sustainably-built logistics building located in the cargo area of Brussels Airport.With a total volume of almost 63,000 m³, Herfurth's new building combines a 5,000 m² warehouse, including eight ...
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NewsAntonov carries out Airbus satellite transport with Bollore
Airbus satellite transport. Photo: Antonov AirlinesAntonov Airlines in cooperation with Bollore Logistics Space has transported a satellite onboard one of its AN-124-100-150 aircraft from Toulouse, France, to Nasa Shuttle Landing Facility in Florida US.The Airbus Defence and Space civil communications satellite, to be launched by US aerospace company SpaceX, weighed ...
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NewsMaersk Air Cargo begins operations with US-Korea service
Maersk Air Cargo has carried out its first flight from the US to South Korea. Photo MaerskMaersk Air Cargo launched operations at the end of October with scheduled flights between the US's Greenville-Spartanburg Airport in South Carolina and Incheon Airport in South Korea.The scheduled transpacific operation commenced on October 31 ...
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NewsUPS to develop new healthcare hub in Ireland
UPS Healthcare Dublin facility. Photo: UPSUPS will open what it has described as a “first-of-its-kind” global healthcare facility in Dublin, Ireland.Expected to open its doors in late 2023, the new facility will feature nearly 6,000 m2 of space designed to connect Ireland’s growing pharmaceutical and medical technology industries to UPS’s ...
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FedEx plays its part to aid the global economy
A new report looking at FedEx’s impact on the global economy found the company has played an important role in helping businesses recover from the Covid pandemic while they work to overcome strained supply chains and the many economic challenges that they face.With FedEx having an average of 16m shipments ...
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TCS joins WiseTech’s CargoWise Service Partner programme
IT services, consultancy and business provider Tata Consultancy Services (TCS) has joined the CargoWise Service Partner programme of logistics IT provider WiseTech.The CargoWise Service Partner programme is designed to help logistics providers achieve their digital transformation goals.CargoWise enables logistics service providers to centralise their operations on one global database, removing ...
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Lufthansa Cargo enjoys record third quarter results
Lufthansa Group said Lufthansa Cargo recorded record results in the third quarter of this year as it issued a more positive outlook for the remainder of the year than it had previously predicted.The Frankfurt-based Group made an operating profit of €1.1bn in the third quarter of this year, based largely ...