Region – Page 193
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News
Revenues down but operating profit surges for DP-DHL's forwarding arm
Deutsche Post DHL Group’s (DP-DHL) freight forwarding arm saw 2016 second quarter revenues fall by 9.3% to €3.4bn, versus €3.8 in like prior year period 2015, while divisional operating profit improved by 72.5% to €69m.Adjusted for negative currency effects and lower fuel surcharges, the Global Forwarding, Freight division’s revenue declined ...
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DHL spurs Cambodian trade with Phnom Penh-Bangkok B737 freighter
DHL Express has launched a Boeing 737-400 freighter service between Phnom Penh in Cambodia and Bangkok in Thailand, one of the global logistics operator’s hubs in Asia Pacific.This 19 tonnes capacity express freighter service, operated five times a week by Thailand’s K-Mile Air, adds to the existing DHL Express flights ...
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Priority Freight adds new German airfreight department
Priority Freight has set up a new, dedicated emergency airfreight department at its office in Willich, Germany in order to enhance operations in central Europe.The department is located less than 25km from Düsseldorf International Airport and will offer the time critical logistics firm's latest IT system.Priority Freight group managing director ...
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Hong Kong's AAT launches RFID tags for pre-packed cargo
Hong Kong’s Asia Airfreight Terminal (AAT) has introduced Radio-Frequency Identification (RFID) unit load device (ULD) tags for pre-packed cargo.The new technology will speed up the cargo acceptance process by 45 seconds per shipment, said AAT, which claimed that it is the first terminal operator to use such RFID technology for ...
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NewsLufthansa's cargo business remains in the red
Lufthansa’s cargo division recorded its fifth quarterly operating loss in a row as competition on global airfreight markets remained “intense”.The German airline group’s logistics business, which includes Lufthansa Cargo, ULD specialist Jettainer and its other investments, recorded a 16.4% year-on-year decline in second-quarter revenues to €496m.Earnings before interest and tax ...
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Fraport launches new cargo user forum
Fraport has held the first meeting of the newly launched CargoCity User Committee at Frankfurt Airport.The new forum will meet annually with the goal of promoting exchange and close dialog between all users of Frankfurt Airport’s CargoCity North and South.Dirk Schusdziara, head of freight at Fraport, said: “In order to ...
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FIATA World Congress 2016 confirms new speakers for Dublin event
International freight forwarders’ association FIATA has announced an updated speaker programme for its World Congress 2016, to be held in Dublin, Ireland, from October 3-8.Over 30 speakers will share their ideas and opinions on topics of global relevance affecting freight transport, logistics and international trade.Keynote speakers on the opening day ...
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Lufthansa Cargo's Mörtl joins time:matters
Christian Mörtl has been appointed managing director, operations & finance, at time critical logistics firm time:matters with immediate effect.The appointment follows the news last week that Lufthansa Cargo has applied to purchase all the shares of time:matters with a decision from the German competition authority on whether to approve the ...
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Olympian horses take freighter to Rio
The first group of Olympic horses has departed from London Stansted airport on a Emirates SkyCargo Boeing 777F bound for Rio 2016.With 34 horses from 10 nations on board, the equine cargo worth multiple millions, was loaded into customised pallets for the almost 12-hour flight aboard.Eventing horses from Great Britain, ...
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Qatar investment arm takes stake in St.Petersburg's Pulkovo airport
Fraport Frankfurt Airport Services Worldwide (Fraport) and its consortium partners at Russia’s Pulkovo Airport in St. Petersburg are to sell part of their shares in Thalita Trading to Qatar Investment Authority (QIA).Thalita is the parent company of Northern Capital Gateway consortium which has the 30-year concession for operating Pulkovo Airport ...
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Air cargo demand on the up in June
Air cargo volume growth improved in June as demand at European airlines remained strong and there was a pick-up for Asia Pacific carriers.Analyst WorldACD said that, after a poor start to the year, worldwide chargeable weight improved by 2.7% year on year in June.WorldACD said that the uptick was caused ...
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Qatar Airways ups stake in IAG to 20%
Middle East gulf carrier Qatar Airways has increased its shareholding in IAG, the parent group of British Airways and Iberia, to 20.1%, saying that it does not intend to increase its stake further "unless there are material changes to the current situation".This latest move follows a gradual stakebuilding by Qatar ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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Conversion specialist Bedek eyes potential B777 freighter market
Bedek Aviation Group has 35 years’ experience of passenger to freighter (P2F) conversions, starting with the early Boeing 747-100s, and is already eyeing the prospects for the Boeing 777.The conversion specialist, part of the Israel Aerospace Industries (IAI) giant, has focused on the Seattle-based plane maker’s family of aircraft and ...
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NewsIAG reports double-digit cargo revenue decline despite demand increase
IAG recorded a double-digit percentage decline in cargo revenues during the second quarter of the year despite an increase in demand during the period.The British Airways, Iberia and Aer Lingus owner this morning announced second-quarter cargo revenues of €241m compared with €274m during the same period last year, representing a ...
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JAL's international cargo revenues plunge 32.6% in the first quarter
Japan Airlines (JAL) recorded a 32.6% year on year drop in international cargo revenues to ¥9.9bn in the three months ended June, due to a decline in demand on transpacific routes and other sectors.The Japanese flag-carrier also recorded a 4.1% year-on-year decrease in cargo volumes, measured in revenue cargo ton ...
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NewsAir France KLM Cargo remains in the red
Air France KLM’s cargo business remained in the red during the first half of the year but the phasing out of freighters has helped improve performance compared with a year earlier.The Franco-Dutch airline group’s first-half figures for the cargo business show an operating loss of €116m against a loss of ...
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Start-up airline POP hopes to capitalise on new UK-India trade deals
New start-up low cost Indian airline POP is aiming to capitalise on new trade agreements between the UK and India sparked by Britain’s decision to leave the European Union.The new airline, which will donate 51% of profits to social projects, plans to be the first airline to operate non-stop flights ...
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SIA Cargo losses deepen as yields decline
Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline.During its fiscal first quarter ending June 30, SIA Cargo saw revenues decline by S$60m, although it does not reveal total cargo revenues, while its operating result slipped to a loss ...
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Shape of things to come: Panalpina and Shapeways in strategic partnership for 3D printing
Panalpina and US-based 3D printing company Shapeways have entered into a strategic partnership to expand globally their digital manufacturing capabilities.Switzerland-based logistics giant Panalpina sees digital manufacturing and 3D printing specifically as “a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring ...