Region – Page 203
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News
German rail to sell a minority stake in Schenker
Deutsche Bahn (German railways) has confirmed plans to push ahead with the sale of a stake in its DB Schenker forwarding and logistics arm.It confirmed today (5 May) that the management board is to develop an implementation plan for a third-party minority holding in DB Schenker, as well as its ...
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Seko finds UK aerospace home
Seko Logistics has opened its first Centre of Excellence for the UK aerospace and aviation sector at Farnborough Airport near London.Seko already has similar centres in Europe, the Americas and Asia Pacific, while its global aerospace and aviation headquarters is in Dallas, the second largest aerospace market in the world.Farnborough ...
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Terror attacks hit Brussels Airlines cargo Q1 results
Brussels Airlines says its cargo traffic in March was sharply down, due to the terrorist attacks on its home airport on March 22.The Lufthansa Group subsidiary said that cargo traffic was largely interrupted after that date and that the total of 2,609 tonnes reflected a decrease of 21% compared with ...
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Mixed first quarter fortunes for Frankfurt
Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016.With passenger traffic still growing - up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this ...
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NewsChina Southern, Air China and SIA see cargo return to growth in March
There was a slight improvement in the fortunes of some of Asia’s largest cargo carriers in March as three airlines saw demand increase against last year, but declines were registered at a further four companies.The region’s largest cargo carrier Cathay Pacific saw demand decrease by 4.1% year on year in ...
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Transport committee backs Heathrow expansion and urges UK government to avoid further delays
The UK transport committee has backed the expansion of Heathrow airport and warned that any further delays in making a decision could result in lost growth.A Transport Select Committee today issued a report on its investigation into airport expansion in the UK.The committee backed expansion at Heathrow, following on from ...
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Berlin’s new airport nightmare refuses to go away
In the latest twist in the saga of Berlin’s new airport, prosecutors are investigating reports that an engineer working on Berlin's troubled new Brandenburg airport was poisoned for whistleblowing.According to German media, the man, aged about 50, had been threatening to lift the lid on payments paid to officials involved ...
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CEVA profits stay strong despite soft market
Logistics firm CEVA says it maintained profitability in the first quarter of 2016 despite “market headwinds” that continue to affect all industry players.Excluding currency factors, revenue dropped 5.3% from $1.7bn in first quarter 2015 to $1.6bn during the same period this year as a result of rate decreases.Earnings were up ...
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Qantas to fly six-strong postal freighter fleet
Qantas Freight has revamped its domestic Australia Post network by dedicating five of its ten-strong freighter fleet to the service and will also soon take delivery of a B737-400 freighter for the exclusive use of the operation.Currently, Qantas operates ten domestic freighters across Australia - four B737-300CF, four BaE146 and ...
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China green light for FedEx-TNT deal
FedEx Corporation and TNT Express have said that they have obtained the unconditional approval of China’s Ministry of Commerce (MOFCOM) for their merger.With one of the last remaining hurdles to the deal surmounted, the two express companies say that the offer condition with respect to competition clearances has now been ...
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Lufthansa's cargo division records first quarter ebit loss
Lufthansa’s cargo business returned to the red during the first quarter of the year as overcapacity and weak demand took their toll on the business.The Lufthansa Logistics business, which includes the cargo division, ULD specialist Jettainer and its Aerologic investment, saw first-quarter revenues drop by 21.8% year on year to ...
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Raya gets new chief executive
Asian cargo airline Raya Airways has announced the appointment of Lee Shashitheren as its new executive director and chief executive.Lee, former commercial director of Raya Airways, has more than 20 years’ experience in the cargo airline business and takes over from the former managing director Mohamad Najib Ishak, who resigned ...
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Dachser revenues benefit from exchange rate gains
Logistics firm Dachser's Air and Sea Logistics business saw revenues climb by 8% last year to €1.6bn.The German company said the increase in revenues was largely thanks to exchange rate gains, with tonnage experiencing “anaemic growth”.“From this you can see that, as in Road Logistics, we will not lower our ...
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Air France KLM achieves IATA pharma certification
Air France KLM Martinair Cargo has achieved IATA pharma certification for four areas of its business and claims that customers are increasingly demanding the credential before they will engage with airlines.The Franco-Dutch airline group achieved IATA Centre of Excellence for Independent Validators Pharma (CEIV) certification in February this year.The four ...
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UPS hits earnings record in first quarter
UPS earnings per share jumped 13% in the first quarter of 2016, with growth across all main segments of its business. US domestic and international small packages drove the US-based express logistics firm to a record first quarter, with international operating profit up 15% to $574 million.Total revenue was up ...
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Load factors fade but profits up at Air China
Air China reported cargo capacity up by almost 11% to 3.157 billion available freight tonne kilometers (AFTK) in the first quarter of 2016 but with cargo traffic up only 4.25%, to 1.556 billion AFTK load factor fell 3% to 49%, year-on-year.Otherwise, the airline reported steady progress in the face of ...
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ACS chief hails ‘brilliant’ year for cargo
Air Charter Service’s cargo department had “a brilliant year” in 2015, said chairman Chris Leach. Announcing a 10% increase in turnover, to just over US$480 million, and a 28% increase in gross profit to US$60.2m (year ending 31 January 2016) for the group as a whole, cargo charters were buoyed ...
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Green light for Hong Kong third runway work
Hong Kong Airport Authority has gained statutory approval for reclamation work that will allow construction of a third runway to go ahead. The authority said it would now proceed with the detailed design for the third runway and also start procurement of construction contracts for the reclamation works at the ...
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Qatar ups IAG stake to almost 12%
Qatar Airways has increased its stake in IAG to almost 12%, according to Bloomberg.The news agency reported that the Middle Eastern airline has been “strengthening ties built around the access [IAG-owned] British Airways provides to North America via London and the Gulf carrier’s network of Asian routes”.Qatar Air has increased ...
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SF Airlines takes delivery of latest converted freighter
PEMCO World Air Services has announced the redelivery of a Boeing 737-300 freighter aircraft to China-based SF Airlines, the air cargo division of SF Express.The freighter, converted by PEMCO’s partner STAECO in Jinan Shandong, China, marks the fourteenth redelivery of a B737-300/400 to SF Airlines since 2013.SF Airlines plans to ...